Southern Copper SCCO
NYSE SCCO
$202.61 -1.65 (-0.81%)
As of: Sep 3, 2026 · 9:46 AM EDT

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

Historic Data

Download Data
DateValue
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%