Caterpillar Inc (CAT) Tax Rate (2009 - 2026)

Caterpillar (CAT) has reported Tax Rate for 18 consecutive years, with 20.87% the latest figure, recorded in Q1 2026.

• In Q1 2026, Tax Rate fell 147.0% year-over-year to 20.87%; the TTM figure through Mar 2026 stood at 23.51% (up 325.0% YoY), while the FY2025 annual figure was 23.98%, up 433.0% from the prior year.
• Tax Rate came in at 20.87% for Q1 2026 at Caterpillar, down from 23.53% in the prior quarter.
• The five-year high for Tax Rate was 30.68% in Q4 2022, with the low at 14.28% in Q4 2024.
• Average Tax Rate over 5 years is 22.13%, with a median of 20.88% recorded in 2023.
• Across the five-year window, Tax Rate jumped 1394 bps in 2022 and plunged 1261 bps in 2023, its largest moves.
• Year by year, Tax Rate stood at 30.68% in 2022, then slumped by 41 bps to 18.07% in 2023, then dropped by 21 bps to 14.28% in 2024, then soared by 65 bps to 23.53% in 2025, then fell by 11 bps to 20.87% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 20.87%, 23.53%, and 26.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.