Southern Copper (SCCO) Tax Rate (2009 - 2024)

Southern Copper's Tax Rate history runs 16 years deep, the most recent figure standing at 36.9% for Q3 2024.

• In Q3 2024, Tax Rate fell 196.0% year-over-year to 36.9%; the TTM figure through Sep 2024 stood at 38.49% (down 52532.0% YoY), while the FY2023 annual figure was 38.62%, down 31918138.0% from the prior year.
• Tax Rate was 36.9% for Q3 2024 at Southern Copper, down from 37.82% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 50.74% in Q1 2020 to a low of 21.84% in Q4 2020.
• Historically, Tax Rate has averaged 30.9% across 5 years, with a median of 38.67% in 2021.
• The sharpest annual moves came in 2020 and 2023: Tax Rate tumbled 7948 bps in 2020, then jumped 6156 bps in 2023.
• A 5-year view of Tax Rate shows it stood at 21.84% in 2020, then surged by 37 bps to 13.86% in 2021, then declined by 15 bps to 15.95% in 2022, then jumped by 386 bps to 45.61% in 2023, then dropped by 19 bps to 36.9% in 2024.
• The last three Tax Rate figures came in at 36.9% (Q3 2024), 37.82% (Q2 2024), and 36.64% (Q1 2024), per Business Quant data.