ERIC (Telefonaktiebolaget L M Ericsson) Tax Rate % : 35.52% (As of Dec. 2024)

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What is Telefonaktiebolaget L M Ericsson Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Telefonaktiebolaget L M Ericsson's Tax Expense for the three months ended in Dec. 2024 was $245 Mil. Telefonaktiebolaget L M Ericsson's Pre-Tax Income for the three months ended in Dec. 2024 was $689 Mil. Therefore, Telefonaktiebolaget L M Ericsson's Tax Rate % for the quarter that ended in Dec. 2024 was 35.52%.

Telefonaktiebolaget L M Ericsson Tax Rate % Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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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Telefonaktiebolaget L M Ericsson Tax Rate % Chart

Telefonaktiebolaget L M Ericsson Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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35.24

21.44

22.34

-11.94

85.55

Telefonaktiebolaget L M Ericsson Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															30.57	28.00	20.75	26.40	35.52

Telefonaktiebolaget L M Ericsson Tax Rate % Calculation

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

Telefonaktiebolaget L M Ericsson's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	201.639	/	235.685
	=	85.55 %

Telefonaktiebolaget L M Ericsson's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	244.697	/	688.848
	=	35.52 %

Telefonaktiebolaget L M Ericsson Tax Rate % Related Terms

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Telefonaktiebolaget L M Ericsson Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (NAS:ERIC) » Definitions » Tax Rate %

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Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.