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Universal Music Group NV (XAMS:UMG) Tax Rate % : 27.32% (As of Jun. 2024)


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What is Universal Music Group NV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Universal Music Group NV's Tax Expense for the six months ended in Jun. 2024 was €345 Mil. Universal Music Group NV's Pre-Tax Income for the six months ended in Jun. 2024 was €1,263 Mil. Therefore, Universal Music Group NV's Tax Rate % for the quarter that ended in Jun. 2024 was 27.32%.

Universal Music Group NV Tax Rate % Historical Data

The historical data trend for Universal Music Group NV'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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Universal Music Group NV Tax Rate % Chart

Universal Music Group NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 16.67 23.13 23.78 12.78 26.61

Universal Music Group NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -25.39 23.20 26.58 26.64 27.32

Universal Music Group NV Tax Rate % Calculation

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

Universal Music Group NV'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 )
=458/1721
=26.61 %

Universal Music Group NV's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=345/1263
=27.32 %

* 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.

Universal Music Group NV Tax Rate % Related Terms

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Universal Music Group NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Tax Rate %
Comparable Companies
XAMS:FLE XAMS:AJAX NFLX DIS WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA EDR XKRX:352820 TKO TSE:9602 MEX:MEGACPO
Traded in Other Exchanges
UNVGY:USA UMGNF:USA UMGa:UK 0VD:Germany UMG:Austria
Address
Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW
Website
https://www.universalmusic.com
Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

Universal Music Group NV Headlines

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