Southern Copper (SCCO) Tax Rate (2009 - 2024)
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.
Analysis
Southern Copper (SCCO) Tax Rate (2009 - 2024) 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 168.86 Bn | 161.53 Bn | 2.90 Bn | - |
| 2 | Freeport-Mcmoran | 105.58 Bn | 101.50 Bn | 2.19 Bn | 28.19% |
| 3 | Trekor Metals | 54.12 Bn | 53.99 Bn | 111.31 Mn | -24.37% |
| 4 | Hudbay Minerals | 10.98 Bn | 9.93 Bn | 269.00 Mn | 42.55% |
| 5 | Ero Copper | 3.60 Bn | 3.49 Bn | 121.42 Mn | -17.55% |
| 6 | Ivanhoe Electric | 1.59 Bn | 1.59 Bn | 368,000.00 | 0.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 36.90% |
| Jun 30, 2024 | 37.82% |
| Mar 31, 2024 | 36.64% |
| Dec 31, 2023 | 44.26% |
| Sep 30, 2023 | 38.85% |
| Jun 30, 2023 | 34.73% |
| Mar 31, 2023 | 36.88% |
| Dec 31, 2022 | 33.56% |
| Sep 30, 2022 | 30.49% |
| Jun 30, 2022 | 40.52% |
| Mar 31, 2022 | 43.76% |
| Dec 31, 2021 | 40.64% |
| Sep 30, 2021 | 38.67% |
| Jun 30, 2021 | 41.02% |
| Mar 31, 2021 | 40.06% |
| Dec 31, 2020 | 39.28% |
| Sep 30, 2020 | 40.13% |
| Jun 30, 2020 | 45.95% |
| Mar 31, 2020 | 50.74% |
| Dec 31, 2019 | 41.59% |