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SLM (SLMAP.PFD) Tax Rate % : 15.60% (As of Dec. 2024)


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What is SLM Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SLM's Tax Expense for the three months ended in Dec. 2024 was $20.61 Mil. SLM's Pre-Tax Income for the three months ended in Dec. 2024 was $132.17 Mil. Therefore, SLM's Tax Rate % for the quarter that ended in Dec. 2024 was 15.60%.

SLM Tax Rate % Historical Data

The historical data trend for SLM'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.

* Premium members only.

SLM Tax Rate % Chart

SLM Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.68 24.65 25.64 25.30 23.83

SLM 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 25.23 25.18 25.57 24.19 15.60

SLM Tax Rate % Calculation

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

SLM'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 )
=190.311/798.636
=23.83 %

SLM'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 )
=20.613/132.166
=15.60 %

* 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.

SLM Tax Rate % Related Terms

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SLM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SLM Corp (NAS:SLMAP.PFD) » Definitions » Tax Rate %
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Traded in Other Exchanges
SLMBP.PFD:USA SLM:USA SM1:Germany
Address
300 Continental Drive, Newark, DE, USA, 19713
Website
https://www.salliemae.com
SLM Corp is an education solutions company. It business is to originate and service loans to students and their families to finance the cost of their education. The provide Private Education Loans to mean education loans to students or their families that are not made, insured, or guaranteed by any state or federal government.