Lloyds Banking Group (LSE:LLOY) Tax Rate %: 23.21% (As of Mar. 2026)


LSE:LLOY Lloyds Banking Group PLC LSE:LLOY
54 GF Score
Price £1.12
GF Value £0.70
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Lloyds Banking Group Tax Rate %?

Lloyds Banking Group LSE:LLOY +0.40% 54 Tax Rate % is 23.21% as of Mar. 2026. GuruFocus rates LSE:LLOY with a GF Score™ of 54/100 and a GF Value™ of £0.70 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lloyds Banking Group's Tax Expense for the three months ended in Mar. 2026 was £470 Mil. Lloyds Banking Group's Pre-Tax Income for the three months ended in Mar. 2026 was £2,025 Mil. Therefore, Lloyds Banking Group's Tax Rate % for the quarter that ended in Mar. 2026 was 23.21%.

Lloyds Banking Group Tax Rate % Related Terms

Lloyds Banking Group Tax Rate % Historical Data

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The historical data trend for Lloyds Banking Group'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.

Lloyds Banking Group Tax Rate % Chart

Lloyds Banking Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.73 17.96 26.46 25.02 28.58

Lloyds Banking Group Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.25 29.04 33.73 27.63 23.21
LSE:LLOY
54GF Score
Lloyds Banking Group PLC LSE:LLOY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Lloyds Banking Group Tax Rate % Calculation

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

Lloyds Banking Group's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=1904/6661
=28.58 %

Lloyds Banking Group's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=470/2025
=23.21 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 23.21% mean?
Lloyds Banking Group (LSE:LLOY) has a Tax Rate % of 23.21% as of Mar. 2026.
Is Lloyds Banking Group's Tax Rate % too high?
Lloyds Banking Group's current Tax Rate % is 23.21%. Overall, Lloyds Banking Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's Tax Rate % compare to competitors?
Lloyds Banking Group's Tax Rate % of 23.21% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Lloyds Banking Group's current Tax Rate % is 23.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Based on GuruFocus' analysis, Lloyds Banking Group (LSE:LLOY) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.70, compared to a current price of £1.12 — trading 60.2% above its estimated fair value. The current Tax Rate % is 23.21%. Lloyds Banking Group's overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Lloyds Banking Group (LSE:LLOY), the current Tax Rate % is 23.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lloyds Banking Group (LSE:LLOY) Overvalued in 2026?

Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued. The current stock price of £1.12 is trading 60.2% above its estimated GF Value™ of £0.70. GuruFocus considers Lloyds Banking Group to be Significantly Overvalued.

Key valuation signals for LSE:LLOY:

  • Tax Rate %: 23.21%
  • GF Value™: £0.70 vs. price of £1.12 (60.2% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the LSE:LLOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lloyds Banking Group Business Description

Address 33 Old Broad Street, London, GBR, EC2N 1HZ
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
54GF Score

Get the complete analysis for LSE:LLOY

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.12
Price
£0.70
GF Value