Lloyds Banking Group (Lloyds Banking Group) Tax Rate % : 25.37% (As of Mar. 2024)

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What is Lloyds Banking Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lloyds Banking Group's Tax Expense for the three months ended in Mar. 2024 was $525 Mil. Lloyds Banking Group's Pre-Tax Income for the three months ended in Mar. 2024 was $2,069 Mil. Therefore, Lloyds Banking Group's Tax Rate % for the quarter that ended in Mar. 2024 was 25.37%.

Lloyds Banking Group Tax Rate % Historical Data

The historical data trend for Lloyds Banking Group's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lloyds Banking Group Tax Rate % Chart

Lloyds Banking Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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31.57

-13.13

14.73

17.96

26.46

Lloyds Banking Group Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															27.39	24.04	23.57	30.48	25.37

Lloyds Banking Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Lloyds Banking Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2512.658	/	9497.468
	=	26.46 %

Lloyds Banking Group's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	524.778	/	2068.615
	=	25.37 %

Lloyds Banking Group Tax Rate % Related Terms

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Lloyds Banking Group (Lloyds Banking Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lloyds Banking Group PLC (NYSE:LYG) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

LLDTF:USA LLOYl:UK LLPE.PFD:UK LLPD.PFD:UK LLPC.PFD:UK LLOY:UK LLD:Germany LLD:Germany LLD:Germany LLD:Germany L1YG34:Brazil LYG:Argentina

Address

25 Gresham Street, London, GBR, EC2V 7HN

Website

https://www.lloydsbankinggroup.com

Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large corporates and financial institutions in the U.K. Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.