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ABB (FRA:ABJA) Tax Rate % : 22.20% (As of Jun. 2024)


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What is ABB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ABB's Tax Expense for the three months ended in Jun. 2024 was €293 Mil. ABB's Pre-Tax Income for the three months ended in Jun. 2024 was €1,318 Mil. Therefore, ABB's Tax Rate % for the quarter that ended in Jun. 2024 was 22.20%.

ABB Tax Rate % Historical Data

The historical data trend for ABB'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.

ABB Tax Rate % Chart

ABB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.46 58.98 18.27 22.30 19.46

ABB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 27.24 26.48 12.57 27.06 22.20

ABB Tax Rate % Calculation

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

ABB'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 )
=852.81/4381.426
=19.46 %

ABB'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 )
=292.635/1318.251
=22.20 %

* 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.

ABB Tax Rate % Related Terms

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ABB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (FRA:ABJA) » Definitions » Tax Rate %
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XSWX:LAND XSWX:GAV XSWX:LECN SZSE:300750 XKRX:373220 HAM:OSR BKK:DELTA VRT TSE:6503 XPAR:LR SZSE:300274 HUBB SZSE:300124 MIL:PRY XKRX:006400 BOM:517354 SHSE:603195 XKRX:247540 BOM:500093 SZSE:300014
Traded in Other Exchanges
ABLZF:USA ABBNY:USA ABB:Sweden ABBN:Mexico 0A6W:UK ABBNz:UK 0NX2:UK ABBNE:Switzerland ABBN:Switzerland
Address
Affolternstrasse 44, Zurich, CHE, 8050
Website
https://www.abb.com
ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 19 business divisions. ABB is the number one or two supplier in two thirds of its product segments.

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