Latest Tax News

Aflac’s third-quarter GAAP earnings plunged after a US$1.1 billion investment loss tied largely to portfolio repositioning, masking a more resilient operating result. The insurer raised its Aflac Japan margin outlook and outlined a potential US$1 billion capital release through reinsurance.

Viridis Mining and Minerals has secured a binding long-term offtake agreement with Solvay covering most of the forecast output from its Colossus rare earths project in Brazil. The deal establishes minimum revenue of about US$915 million for key magnetic rare earths, subject to delivery, and gives the company a clearer route into debt financing.

News Corp opened fiscal 2027 with revenue up 6% and net income up 43%, led by Dow Jones, digital real estate and book publishing. The quarter also exposed a sharper split in the portfolio: News Media weakened and free cash flow turned negative.

Allstate delivered stronger policy growth and higher investment income in the third quarter, but catastrophe losses and investment losses cut both GAAP and adjusted earnings. The insurer also returned about US$1.5 billion to shareholders while expanding its protection-services businesses.

Texas Pacific Land delivered its strongest quarter on record, with US$273.4 million in revenue, US$167.4 million in GAAP net income and US$170.3 million in free cash flow. The Permian Basin landowner is also pushing deeper into water infrastructure, data centres and power generation, though those newer ambitions remain largely unquantified.

Fair Isaac posted a strong fourth quarter, with revenue rising 27% to US$657 million and non-GAAP diluted EPS reaching US$11.10. But the company declined to provide fiscal 2027 guidance as it shifts mortgage customers to bespoke pricing amid continued housing-market pressure.

Motorola Solutions raised its full-year 2026 revenue, non-GAAP earnings and cash flow outlook after sales rose 12% and backlog reached a record US$16.6 billion. The stronger operating result came alongside lower GAAP earnings, softer cash flow and fresh acquisition debt.

Qualcomm’s fiscal 2026 results exposed a sharp split in its business: handset revenue fell heavily, while automotive reached a record US$2 billion quarter and management reiterated its US$5 billion data-centre target. Reported profit was lifted by a large tax benefit, making non-GAAP earnings the clearer measure of underlying performance.

National Australia Bank’s FY2026 profit fell 9.1% to $6.143 billion as higher credit impairment charges and a $1.347 billion software amortisation charge outweighed stronger lending income. The dividend held at 170 cents per share, while capital buffers improved and management flagged a sharper focus on efficiency and risk control.

Grainger delivered a strong third quarter, with sales reaching US$5.2 billion and adjusted diluted EPS rising 22.8% year on year. The industrial distributor also raised its full-year 2026 earnings, sales and operating cash flow guidance.

FIS delivered a sharp third-quarter revenue increase and lifted adjusted EBITDA, but its next phase is centred on deleveraging rather than aggressive capital returns. The fintech has paused meaningful buybacks and tuck-in acquisitions while it works towards a gross leverage target of about 2.8 times.

Datadog delivered another strong quarter, with revenue up 35% and large-customer growth supporting its push into AI-powered observability. The company also issued fourth-quarter and full-year guidance while launching Scout 1.0, its first specialised AI model.