Tax

State and Local Income Tax Expense (Benefit), Continuing Operations

Imperial Oil State and Local Income Tax Expense (Benefit), Continuing Operations remained flat by 0.0% to $92.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 32.5%, from $136.75M to $92.25M. Over 2 years (FY 2023 to FY 2025), State and Local Income Tax Expense (Benefit), Continuing Operations shows a downward trend with a -18.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ4 2025

How to read this metric

Changes reflect regional tax policy shifts or changes in the geographic distribution of taxable income.

Detailed definition

The total state and local income tax expense or benefit associated with the company's continuing operations. It isolates...

Peer comparison

Standard tax reporting component for large corporations with significant regional operations.

Metric ID: is_ibm_state_and_local_income_tax_expense_continuing

Historical Data

3 years
 FY'23FY'24FY'25
Value560M547M369M
YoY Change—-2.3%-32.5%
Range369M – 560M
CAGR-18.8%
Avg YoY Growth-17.4%
Median YoY Growth-17.4%
Current Streak2+ years decline

Frequently Asked Questions

What is Imperial Oil's state and local income tax expense (benefit), continuing operations?
Imperial Oil (IMO) reported state and local income tax expense (benefit), continuing operations of $92.25M in Q4 2025.
How has Imperial Oil's state and local income tax expense (benefit), continuing operations changed year-over-year?
Imperial Oil's state and local income tax expense (benefit), continuing operations decreased by 32.5% year-over-year, from $136.75M to $92.25M.
What is the long-term trend for Imperial Oil's state and local income tax expense (benefit), continuing operations?
Over 2 years (2023 to 2025), Imperial Oil's state and local income tax expense (benefit), continuing operations has grown at a -18.8% compound annual growth rate (CAGR), from $560.00M to $369.00M.
What does state and local income tax expense (benefit), continuing operations mean?
Total state and local tax cost related to the company's core, ongoing business.