Growth Metrics

Southern Copper (SCCO) Tax Rate (2016 - 2024)

Southern Copper has reported Tax Rate over the past 16 years, most recently at 36.9% for Q3 2024.

  • Quarterly results put Tax Rate at 36.9% for Q3 2024, down 196.0% from a year ago — trailing twelve months through Sep 2024 was 38.31% (up 239.0% YoY), and the annual figure for FY2023 was 38.4%, up 82.0%.
  • Tax Rate for Q3 2024 was 36.9% at Southern Copper, down from 37.82% in the prior quarter.
  • Over the last five years, Tax Rate for SCCO hit a ceiling of 50.74% in Q1 2020 and a floor of 21.84% in Q4 2020.
  • Median Tax Rate over the past 5 years was 38.85% (2023), compared with a mean of 36.3%.
  • Biggest five-year swings in Tax Rate: crashed -6343bps in 2020 and later skyrocketed 6248bps in 2021.
  • Southern Copper's Tax Rate stood at 21.84% in 2020, then skyrocketed by 286bps to 40.64% in 2021, then decreased by -17bps to 33.56% in 2022, then skyrocketed by 32bps to 44.26% in 2023, then fell by -17bps to 36.9% in 2024.
  • The last three reported values for Tax Rate were 36.9% (Q3 2024), 37.82% (Q2 2024), and 36.64% (Q1 2024) per Business Quant data.