Avanza Bank Holding AB (FRA:1JJA) Tax Rate % : 13.68% (As of Sep. 2024)

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What is Avanza Bank Holding AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Avanza Bank Holding AB's Tax Expense for the three months ended in Sep. 2024 was €7.9 Mil. Avanza Bank Holding AB's Pre-Tax Income for the three months ended in Sep. 2024 was €58.0 Mil. Therefore, Avanza Bank Holding AB's Tax Rate % for the quarter that ended in Sep. 2024 was 13.68%.

Avanza Bank Holding AB Tax Rate % Historical Data

The historical data trend for Avanza Bank Holding AB'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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Avanza Bank Holding AB Tax Rate % Chart

Avanza Bank Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.04

15.36

16.00

14.12

13.53

Avanza Bank Holding AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															13.26	13.82	14.22	13.95	13.68

Avanza Bank Holding AB Tax Rate % Calculation

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

Avanza Bank Holding AB'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 )
	=	27.713	/	204.898
	=	13.53 %

Avanza Bank Holding AB's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	7.927	/	57.959
	=	13.68 %

Avanza Bank Holding AB Tax Rate % Related Terms

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Avanza Bank Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Avanza Bank Holding AB (FRA:1JJA) » Definitions » Tax Rate %

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AZA:Sweden AZAs:UK 0NUK:UK

Address

Regeringsgatan 103, Box 1399, Stockholm, SWE, SE-111 93

Website

https://www.avanza.se

Avanza Bank Holding AB is a digital bank that operates in Sweden and serves prdominantly private customers. The bank emphasizes its online strategy to drive lower costs for its deposit base based on the law of large numbers. Its cost base is centered on a high percentage of fixed costs, personnel costs. The bank does not charge its customers fixed fees or deposit fees. Income is generated when customers carry out transaction themselves, predominantly through brokerage fees from securities trading, net interest income from deposits and lending, fund commissions, foreign exchange income, and other income from suppliers of investment products. Over the long term, income growth depends on the bank's ability to grow savings capital.

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