Legg Mason (Legg Mason) Tax Rate % : 20.19% (As of Jun. 2020)

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What is Legg Mason Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Legg Mason's Tax Expense for the three months ended in Jun. 2020 was $14 Mil. Legg Mason's Pre-Tax Income for the three months ended in Jun. 2020 was $69 Mil. Therefore, Legg Mason's Tax Rate % for the quarter that ended in Jun. 2020 was 20.19%.

Legg Mason Tax Rate % Historical Data

The historical data trend for Legg Mason'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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Legg Mason Tax Rate % Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Tax Rate %

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-30.50

22.70

-43.84

72.16

25.83

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Tax Rate %	Get a 7-Day Free Trial															22.67	27.31	27.00	25.34	20.19

Legg Mason Tax Rate % Calculation

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

Legg Mason's Tax Rate % for the fiscal year that ended in Mar. 2020 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2020 )	/	Pre-Tax Income (A: Mar. 2020 )
	=	106.048	/	410.534
	=	25.83 %

Legg Mason's Tax Rate % for the quarter that ended in Jun. 2020 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2020 )	/	Pre-Tax Income (Q: Jun. 2020 )
	=	13.93	/	69.004
	=	20.19 %

Legg Mason Tax Rate % Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.