TFI International (TFII) Tax Rate (2019 - 2026)
TFI International (TFII) recorded Tax Rate of 24.43% in Q2 2026, down 0.36 percentage points from 24.79% a year earlier but up 7.03 percentage points from the prior quarter.
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Analysis
TFI International (TFII) Tax Rate (2019 - 2026) Analysis & Trends
On a TTM basis, TFI International's Tax Rate came in at 11.90% as of Jun 30, 2026, down 1.16 percentage points year-over-year; for FY2025, it came in at 23.39%, down 1.27 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -0.60 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 24.65% in FY2024 (+10.18 pp), 14.47% in FY2023 (-2.54 pp), 17.01% in FY2022 (+0.26 pp) and 16.75% in FY2021 (-7.23 pp).
- Quarterly Tax Rate has ranged from 6.12% in Q4 2025 to 25.98% in Q1 2022 over the past five years.
- On a year-over-year basis, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of +0.65 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 15.70 percentage points in Q2 2022, against a drop of 11.84 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.40% (Q1 2026), 6.12% (Q4 2025) and 8.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.60 Bn | 165.13 Bn | - | 22.00% |
| 2 | Csx | 89.23 Bn | 85.44 Bn | - | 24.09% |
| 3 | United Parcel Service | 83.99 Bn | 60.89 Bn | - | 20.63% |
| 4 | Canadian Pacific Kansas City | 77.29 Bn | 76.30 Bn | - | 24.65% |
| 5 | Norfolk Southern | 73.15 Bn | 67.79 Bn | - | 23.46% |
| 6 | Fedex | 71.00 Bn | 36.94 Bn | - | 24.21% |
| 7 | Delta Air Lines | 50.11 Bn | 32.29 Bn | - | 29.61% |
| 8 | Old Dominion Freight Line | 39.19 Bn | 38.45 Bn | - | 25.00% |
| 9 | United Airlines Holdings | 31.94 Bn | -24.44 Bn | - | 21.54% |
| 10 | TFI International | 9.28 Bn | 8.65 Bn | - | 24.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.43% |
| Mar 31, 2026 | 17.40% |
| Dec 31, 2025 | 6.12% |
| Sep 30, 2025 | 8.85% |
| Jun 30, 2025 | 24.79% |
| Mar 31, 2025 | 24.62% |
| Dec 31, 2024 | 9.07% |
| Sep 30, 2024 | 9.88% |
| Jun 30, 2024 | 11.30% |
| Mar 31, 2024 | 11.69% |
| Dec 31, 2023 | 13.59% |
| Sep 30, 2023 | 15.03% |
| Jun 30, 2023 | 15.14% |
| Mar 31, 2023 | 14.14% |
| Dec 31, 2022 | 15.21% |
| Sep 30, 2022 | 17.37% |
| Jun 30, 2022 | 25.07% |
| Mar 31, 2022 | 25.98% |
| Dec 31, 2021 | 15.51% |
| Sep 30, 2021 | 23.06% |
API Access
TFI International 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=TFII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TFII", "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=TFII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();