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UWM Holdings (UWM Holdings) Tax Rate % : 1.48% (As of Mar. 2021)


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What is UWM Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. UWM Holdings's Tax Expense for the three months ended in Mar. 2021 was $13 Mil. UWM Holdings's Pre-Tax Income for the three months ended in Mar. 2021 was $873 Mil. Therefore, UWM Holdings's Tax Rate % for the quarter that ended in Mar. 2021 was 1.48%.

UWM Holdings Tax Rate % Historical Data

The historical data trend for UWM Holdings'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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UWM Holdings Tax Rate % Chart

UWM Holdings Annual Data
Trend Dec19 Dec20
Tax Rate %
- -1.41

UWM Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Tax Rate % Get a 7-Day Free Trial 19.72 21.31 - 3.44 1.48

UWM Holdings Tax Rate % Calculation

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

UWM Holdings's Tax Rate % for the fiscal year that ended in Dec. 2020 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2020 )/Pre-Tax Income (A: Dec. 2020 )
=0.081/-5.726
=-1.41 %

UWM Holdings's Tax Rate % for the quarter that ended in Mar. 2021 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2021 )/Pre-Tax Income (Q: Mar. 2021 )
=12.886/872.891
=1.48 %

* 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.

UWM Holdings Tax Rate % Related Terms

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UWM Holdings (UWM Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UWM Holdings Corp (NYSE:UWMC) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
585 South Boulevard E, Pontiac, MI, USA, 48341
Website
https://www.uwm.com
UWM Holdings Corp operates as a residential mortgage lender and the wholesale mortgage lender. The company provides independent mortgage advisors across the states and the district of Columbia. The firm also offers training, technology, marketing support, and more to help the entrepreneurial partners.