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GLWCorning Inc

Is the tax rate high or low?

The tax rate of 22.87% is 62% below its 5-year average of 59.60%, near the low end of its 5-year range (12.86%–775.00%).

29.75% above its 12-month average of 17.63%.

Tax Rate

GLW Tax Rate

22.87%

Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.

-3.23% 5Y
GLW Tax Rate

GLW Average Tax Rate Chart

GLW Tax Rate

GLW Current vs Average Tax Rate Chart

GLW Tax Rate Metrics

TAX RATE

22.87%

TAX RATE AVG TTM

17.63%

TAX RATE AVG 3Y

20.15%

TAX RATE AVG 5Y

19.86%

TAX RATE AVG 10Y

19.41%

TAX RATE AVG 15Y

18.80%

TAX RATE AVG 20Y

15.96%

CURRENT VS TTM AVG

+29.75%

CURRENT VS 3Y AVG

+13.51%

CURRENT VS 5Y AVG

+15.18%

CURRENT VS 10Y AVG

+17.82%

CURRENT VS 15Y AVG

+21.66%

CURRENT VS 20Y AVG

+43.31%

Tax Rate Formula & Definition

Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Tax Rate FAQ

What is the tax rate for Corning Inc (GLW)?
The tax rate for GLW stock is 22.87%.
Is Corning Inc's tax rate high or low?
The tax rate of 22.87% is 62% below its 5-year average of 59.60%, near the low end of its 5-year range (12.86%–775.00%).
What is the TTM average tax rate for Corning Inc (GLW)?
The TTM average tax rate for GLW stock is 17.63%.
What is the 3Y average tax rate for Corning Inc (GLW)?
The 3Y average tax rate for GLW stock is 20.15%.
What is the 5Y average tax rate for Corning Inc (GLW)?
The 5Y average tax rate for GLW stock is 19.86%.
What is the 10Y average tax rate for Corning Inc (GLW)?
The 10Y average tax rate for GLW stock is 19.41%.
What is the 15Y average tax rate for Corning Inc (GLW)?
The 15Y average tax rate for GLW stock is 18.80%.
What is the 20Y average tax rate for Corning Inc (GLW)?
The 20Y average tax rate for GLW stock is 15.96%.

GLW Tax Rate History

DATETAX RATE
2026-03-3122.87%
2025-12-3113.42%
2025-09-3014.55%
2025-06-3014.38%
2025-03-3122.92%
2024-12-3122.20%
2024-06-3029.07%
2024-03-3123.99%
2023-09-3016.13%
2023-06-3025.92%
2023-03-3116.23%
2022-12-31775.00%
2022-09-3013.08%
2022-06-3022.13%
2022-03-3122.99%
2021-12-3115.21%
2021-09-3022.11%
2021-06-3012.86%
2021-03-3127.39%
2020-12-3123.64%
2020-09-305.11%
2019-12-31-88.24%
2019-09-3017.40%
2019-06-3057.41%
2019-03-3113.22%
2018-12-3115.61%
2018-09-3017.55%
2018-06-3014.58%
2017-12-31349.47%
2017-09-3018.58%
2017-06-3025.84%
2017-03-31-330.00%
2016-12-3134.61%
2016-09-30-10.51%
2016-06-30-29.59%
2015-12-31-32.54%
2015-09-302.75%
2015-06-3018.15%
2015-03-3117.44%
2014-12-3126.10%
2014-09-3028.03%
2014-06-3050.44%
2014-03-3137.42%
2013-12-3125.75%
2013-09-3025.68%
2013-06-3023.04%
2013-03-316.44%
2012-12-316.64%
2012-09-3014.99%
2012-06-3018.02%
2012-03-3120.59%
2011-12-3111.05%
2011-09-3011.94%
2011-06-3014.01%
2011-03-3113.23%
2010-12-3112.20%
2010-09-301.75%
2010-06-303.28%
2010-03-3110.62%
2009-12-31-5.11%
2009-09-304.74%
2009-06-30-0.66%
2008-09-30-15.64%
2008-06-30-514.25%
2008-03-319.37%
2007-12-31-56.67%
2007-09-3014.83%
2007-06-306.57%
2007-03-3133.53%
2006-12-31-29.18%
2006-09-3058.37%
2006-06-3047.35%
2006-03-31-3.57%
2005-12-31181.72%
2005-09-3021.37%
2005-06-30104.76%
2005-03-3118.81%
2004-12-3150.75%
2004-06-3066.67%

About Corning Inc

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Corning, NY
67,200 employees
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Wendell Weeks