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Rocket (MEX:RKT) Tax Rate % : 3.90% (As of Dec. 2024)


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What is Rocket Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Rocket's Tax Expense for the three months ended in Dec. 2024 was MXN549 Mil. Rocket's Pre-Tax Income for the three months ended in Dec. 2024 was MXN14,077 Mil. Therefore, Rocket's Tax Rate % for the quarter that ended in Dec. 2024 was 3.90%.

Rocket Tax Rate % Historical Data

The historical data trend for Rocket'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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Rocket Tax Rate % Chart

Rocket Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial 1.39 1.82 5.66 3.18 4.82

Rocket 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 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 4.20 2.57 7.35 3.20 3.90

Rocket Tax Rate % Calculation

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

Rocket'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 )
=672.054/13932.692
=4.82 %

Rocket'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 )
=549.464/14076.742
=3.90 %

* 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.

Rocket Tax Rate % Related Terms

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Rocket Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rocket Companies Inc (MEX:RKT) » Definitions » Tax Rate %
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Traded in Other Exchanges
RKT:USA
Address
1050 Woodward Avenue, Detroit, MI, USA, 48226
Website
https://ir.rocketcompanies.com
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the US as well as the servicer for more than 2 million loans.