Southern Copper (SCCO) Tax Rate (2009 - 2026)
Southern Copper (SCCO) posted quarterly Tax Rate of 36.37% for Q2 2026, down 94.0% year-over-year from 606.1% in Q2 2025, and little changed on a QoQ basis from 36.46% in Q1 2026.
Southern Copper (SCCO) Tax Rate (2009 - 2026) Analysis & Trends
Southern Copper has reported Tax Rate for 18 years, with the latest figure at 36.37% in Q2 2026.
- Tax Rate for Q2 2026 came in at 36.37%, down 94.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 36.7% (down 78.0% YoY), and the FY2025 annual result was 36.91%, down 93.0% from the prior year.
- Tax Rate held at 36.37% in Q2 2026, from 36.46% in the prior quarter.
- Over five years, Tax Rate peaked at 51.76% in Q4 2023 and troughed at 24.89% in Q4 2022.
- A 5-year average of 37.42% and a median of 36.89% in 2023 frame the typical range for Tax Rate.
- The widest annual swing landed in 2022, when Tax Rate slumped 2438 bps; it then soared 2688 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 24.89% in 2022, then surged by 108 bps to 51.76% in 2023, then fell by 23 bps to 40.08% in 2024, then dropped by 5 bps to 38.07% in 2025, then fell by 4 bps to 36.37% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 36.37% in Q2 2026, 36.46% in Q1 2026, and 38.07% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 159.97 Bn | 152.64 Bn | 2.90 Bn | 36.37% |
| 2 | Freeport-Mcmoran | 99.02 Bn | 94.94 Bn | 2.19 Bn | 28.19% |
| 3 | Hudbay Minerals | 11.05 Bn | 10.01 Bn | 269.00 Mn | 42.55% |
| 4 | Ero Copper | 3.78 Bn | 3.69 Bn | 105.91 Mn | -11.10% |
| 5 | Trekor Metals | 3.18 Bn | 3.06 Bn | 83.54 Mn | -26.68% |
| 6 | Ivanhoe Electric | 1.74 Bn | 1.48 Bn | 368,000.00 | 0.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.37% |
| Jun 30, 2026 | 36.37% |
| Jun 30, 2026 | 36.37% |
| Mar 31, 2026 | 36.46% |
| Mar 31, 2026 | 36.46% |
| Mar 31, 2026 | 36.46% |
| Dec 31, 2025 | 38.07% |
| Dec 31, 2025 | 38.07% |
| Dec 31, 2025 | 38.07% |
| Sep 30, 2025 | 35.94% |
| Sep 30, 2025 | 35.94% |
| Sep 30, 2025 | 35.94% |
| Jun 30, 2025 | 37.31% |
| Jun 30, 2025 | 37.31% |
| Jun 30, 2025 | 37.31% |
| Mar 31, 2025 | 36.04% |
| Mar 31, 2025 | 36.04% |
| Mar 31, 2025 | 36.04% |
| Dec 31, 2024 | 40.08% |
| Dec 31, 2024 | 40.08% |