TFI International (TFII) Tax Rate (2019 - 2026)
TFI International (TFII) posted quarterly Tax Rate of 17.4% for Q1 2026, down 722.0% YoY from 2.8% in Q1 2025, and down 9.7% sequentially from 19.27% in Q4 2025.
TFI International (TFII) Tax Rate (2019 - 2026) Analysis & Trends
TFI International has disclosed Tax Rate across 8 years of filings, most recently posting 17.4% for Q1 2026.
- In Q1 2026, Tax Rate fell 722.0% year-over-year to 17.4%; the TTM figure through Mar 2026 stood at 22.33% (down 217.0% YoY), while the FY2025 annual figure was 23.39%, down 126.0% from the prior year.
- Tax Rate eased to 17.4% in Q1 2026, from 19.27% in the prior quarter.
- Over the last five years, Tax Rate for TFII reached as high as 27.07% in Q2 2024 and fell as low as 17.37% in Q3 2022.
- The 5-year median for Tax Rate is 24.79% (2025), against an average of 23.66%.
- Annual changes were most pronounced in 2022 — Tax Rate soared 1570 bps — and 2026, when it plunged 722 bps.
- A 5-year view of Tax Rate shows it stood at 23.21% in 2022, then grew by 7 bps to 24.92% in 2023, then slipped by 2 bps to 24.5% in 2024, then decreased by 21 bps to 19.27% in 2025, then retreated by 10 bps to 17.4% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 17.4%, 19.27%, and 24.2% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | 17.40% |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | 25.00% |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | 18.55% |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | 7.04% |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | 23.32% |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | 25.00% |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | 26.53% |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | 22.26% |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | 24.92% |
| 10 | Marten Transport | 1.42 Bn | 1.37 Bn | 203.18 Mn | 369.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.40% |
| Mar 31, 2026 | 17.40% |
| Dec 31, 2025 | 19.27% |
| Dec 31, 2025 | 19.27% |
| Sep 30, 2025 | 24.20% |
| Sep 30, 2025 | 24.20% |
| Jun 30, 2025 | 24.79% |
| Jun 30, 2025 | 24.79% |
| Mar 31, 2025 | 24.62% |
| Mar 31, 2025 | 24.62% |
| Dec 31, 2024 | 24.50% |
| Dec 31, 2024 | 24.50% |
| Sep 30, 2024 | 21.90% |
| Sep 30, 2024 | 21.90% |
| Jun 30, 2024 | 27.07% |
| Jun 30, 2024 | 27.07% |
| Mar 31, 2024 | 25.26% |
| Mar 31, 2024 | 25.26% |
| Dec 31, 2023 | 24.92% |
| Dec 31, 2023 | 24.92% |