Shinhan Financial (SHG) Tax Rate (2009 - 2026)
Shinhan Financial (SHG) reported Tax Rate of 77.38% for the quarter ended Jun 30, 2026, up 74.17 percentage points from 3.21% a year earlier and up 76.22 percentage points from the prior quarter.
Shinhan Financial (SHG) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shinhan Financial's Tax Rate came in at 35.80%, up 35.48 percentage points year-over-year; for the year ended Dec 31, 2025, it was 26.62%, up 2.22 percentage points from the prior year.
- Tax Rate has a five-year change of +0.20 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Tax Rate came in at 24.40% in the year ended Dec 31, 2024 (-0.53 pp), 24.93% in the year ended Dec 31, 2023 (-0.38 pp), 25.31% in the year ended Dec 31, 2022 (-1.04 pp) and 26.35% in the year ended Dec 31, 2021 (-0.07 pp).
- Five-year quarterly Tax Rate spans a low of -70.84% in the quarter ended Sep 30, 2021 and a high of 291.06% in the quarter ended Sep 30, 2022.
- Year over year, Tax Rate gained in four of the last six quarters, with an average year-over-year change of +12.47 percentage points.
- The high point for year-over-year Tax Rate in five years was the quarter ended Sep 30, 2022 (a gain of 361.90 percentage points); the low point was the quarter ended Sep 30, 2023 (a drop of 285.14 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 1.16% (quarter ended Mar 31, 2026), 207.63% (quarter ended Dec 31, 2025) and -1.32% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Shinhan Financial | 31.66 Bn | 33.23 Bn | - | 26.60% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.60% |
| Mar 31, 2026 | 1.16% |
| Dec 31, 2025 | 41.33% |
| Jun 30, 2025 | 23.88% |
| Mar 31, 2025 | 0.06% |
| Mar 31, 2024 | 0.09% |
| Mar 31, 2023 | 1.11% |
| Sep 30, 2022 | 291.06% |
| Mar 31, 2022 | 0.00% |
| Jun 30, 2021 | 0.68% |
| Mar 31, 2021 | 0.07% |
| Mar 31, 2020 | 0.20% |
| Dec 31, 2019 | 34.23% |
| Dec 31, 2018 | 39.74% |
| Mar 31, 2018 | 0.07% |
| Dec 31, 2017 | 28.30% |
| Mar 31, 2017 | 0.04% |
| Dec 31, 2016 | 1.17% |
| Sep 30, 2016 | 23.82% |
| Jun 30, 2016 | 22.64% |
Shinhan Financial Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SHG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SHG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SHG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();