Two Harbors Investment (TWO) Tax Rate (2009 - 2026)

Two Harbors Investment's (TWO) quarterly Tax Rate came in at 11.28% in Q1 2026, up 1179.0% year-on-year from 0.88% in Q1 2025, and down 65.17% quarter-over-quarter from 32.38% in Q4 2025.

Two Harbors Investment (TWO) Tax Rate (2009 - 2026) Analysis & Trends

Two Harbors Investment's Tax Rate history runs 18 years deep, the most recent figure standing at 11.28% for Q1 2026.

  • On a quarterly basis, Tax Rate rose 1179.0% year-over-year to 11.28% in Q1 2026; TTM through Mar 2026 was 3.8%, a 7304.0% decrease from a year earlier, with the FY2025 full-year figure at 2.0%, down 1551.0% from the prior year.
  • Tax Rate fell to 11.28% in Q1 2026 per TWO's latest filing, from 32.38% in the prior quarter.
  • Across five years, Tax Rate topped out at 32.38% in Q4 2025 and bottomed at 55.72% in Q2 2022.
  • The 5-year median for Tax Rate is 6.33% (2023), against an average of 4.26%.
  • Across the five-year window, Tax Rate sank 26398 bps in 2022 and surged 6482 bps in 2023, its largest moves.
  • Year by year, Tax Rate stood at 3.24% in 2022, then soared by 295 bps to 6.33% in 2023, then surged by 59 bps to 10.04% in 2024, then jumped by 223 bps to 32.38% in 2025, then plunged by 65 bps to 11.28% in 2026.
  • Per Business Quant, the three latest TWO Tax Rate figures stand at 11.28% (Q1 2026), 32.38% (Q4 2025), and 0.95% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -0.53%
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -7.38%
4 Rithm Capital 5.01 Bn 5.01 Bn - 29.02%
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - -22.35%
6 Ellington Financial 1.63 Bn 1.51 Bn - 1.10%
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 11.28%
10 Ladder Capital 1.20 Bn 1.17 Bn - 17.86%

Historic Data

Download Data
DateValue
Mar 31, 2026 11.28%
Mar 31, 2026 11.28%
Mar 31, 2026 11.28%
Dec 31, 2025 32.38%
Dec 31, 2025 32.38%
Dec 31, 2025 32.38%
Sep 30, 2025 -0.95%
Sep 30, 2025 -0.95%
Sep 30, 2025 -0.95%
Jun 30, 2025 -0.65%
Jun 30, 2025 -0.65%
Jun 30, 2025 -0.65%
Mar 31, 2025 -0.51%
Mar 31, 2025 -0.51%
Mar 31, 2025 -0.51%
Dec 31, 2024 10.04%
Dec 31, 2024 10.04%
Dec 31, 2024 10.04%
Sep 30, 2024 4.20%
Sep 30, 2024 4.20%