Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026)
Chipotle Mexican Grill (CMG) reported Tax Rate of 25.38% for Q1 2026, up 247.0% year-over-year from 7.31% in Q1 2025, and up 7.14% quarter-over-quarter from 23.69% in Q4 2025.
Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has 17 years of Tax Rate data on file, last reported at 25.38% in Q1 2026.
- Tax Rate for Q1 2026 came in at 25.38%, up 247.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.13% (up 26.0% YoY), and the FY2025 annual result was 23.58%, down 11.0% from the prior year.
- Tax Rate grew to 25.38% in Q1 2026 per CMG's latest filing, from 23.69% in the prior quarter.
- Over five years, Tax Rate peaked at 26.26% in Q4 2022 and troughed at 16.69% in Q1 2022.
- A 5-year average of 23.73% and a median of 24.22% in 2023 frame the typical range for Tax Rate.
- On a YoY basis, Tax Rate climbed as much as 970 bps in 2022 and fell as far as 351 bps in 2022.
- A 5-year view of Tax Rate shows it stood at 26.26% in 2022, then slipped by 0 bps to 26.22% in 2023, then declined by 7 bps to 24.44% in 2024, then retreated by 3 bps to 23.69% in 2025, then advanced by 7 bps to 25.38% in 2026.
- Business Quant data shows CMG's Tax Rate at 25.38% in Q1 2026, 23.69% in Q4 2025, and 23.11% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 29.84 |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 25.38 |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 16.28 |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 7.87 |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 12.95 |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 27.21 |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 14.31 |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 22.60 |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 19.05 |
| 10 | Dutch Bros | 8.99 Bn | 8.95 Bn | 107.48 Mn | 12.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.38% |
| Mar 31, 2026 | 25.38% |
| Dec 31, 2025 | 23.69% |
| Dec 31, 2025 | 23.69% |
| Sep 30, 2025 | 23.11% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 22.91% |
| Mar 31, 2025 | 22.91% |
| Dec 31, 2024 | 24.44% |
| Dec 31, 2024 | 24.44% |
| Sep 30, 2024 | 22.92% |
| Sep 30, 2024 | 22.92% |
| Jun 30, 2024 | 25.04% |
| Jun 30, 2024 | 25.04% |
| Mar 31, 2024 | 22.01% |
| Mar 31, 2024 | 22.01% |
| Dec 31, 2023 | 26.22% |
| Dec 31, 2023 | 26.22% |