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Universal Music Group NV (Universal Music Group NV) Tax Rate % : 26.64% (As of Dec. 2023)


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What is Universal Music Group NV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Universal Music Group NV's Tax Expense for the six months ended in Dec. 2023 was $252 Mil. Universal Music Group NV's Pre-Tax Income for the six months ended in Dec. 2023 was $945 Mil. Therefore, Universal Music Group NV's Tax Rate % for the quarter that ended in Dec. 2023 was 26.64%.

Universal Music Group NV Tax Rate % Historical Data

The historical data trend for Universal Music Group NV'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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Universal Music Group NV Tax Rate % Chart

Universal Music Group NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 16.67 23.13 23.78 12.78 26.61

Universal Music Group NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.42 -25.39 23.20 26.58 26.64

Universal Music Group NV Tax Rate % Calculation

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

Universal Music Group NV'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 )
=499.455/1876.772
=26.61 %

Universal Music Group NV's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=251.908/945.474
=26.64 %

* 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.

Universal Music Group NV Tax Rate % Related Terms

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Universal Music Group NV (Universal Music Group NV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (OTCPK:UMGNF) » Definitions » Tax Rate %
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Traded in Other Exchanges
UNVGY:USA UMG:Netherlands UMGa:UK 0VD:Germany UMG:Austria
Address
Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW
Website
https://www.universalmusic.com
Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.