Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026)
Chipotle Mexican Grill (CMG) posted quarterly Tax Rate of 24.33% for Q2 2026, down 14.0% year-over-year from 28.29% in Q2 2025, and down 4.14% on a QoQ basis from 25.38% in Q1 2026.
Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill has reported Tax Rate for 17 years, with the latest figure at 24.33% in Q2 2026.
- Tax Rate for Q2 2026 came in at 24.33%, down 14.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 24.08% (up 39.0% YoY), and the FY2025 annual result was 23.58%, down 11.0% from the prior year.
- Tax Rate fell to 24.33% in Q2 2026, from 25.38% 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 23.76% and a median of 24.27% in 2023 frame the typical range for Tax Rate.
- The largest YoY upside for Tax Rate was 970 bps in 2022 against a maximum downside of 351 bps in 2022.
- A 5-year view of Tax Rate shows it stood at 26.26% in 2022, then dropped by 0 bps to 26.22% in 2023, then fell by 7 bps to 24.44% in 2024, then decreased by 3 bps to 23.69% in 2025, then increased by 3 bps to 24.33% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 24.33% in Q2 2026, 25.38% in Q1 2026, and 23.69% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 26.38% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 24.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | -60.04% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | -12.33% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 12.41% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | -12.33% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 25.99% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 13.53% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 22.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.33% |
| Jun 30, 2026 | 24.33% |
| Jun 30, 2026 | 24.33% |
| Mar 31, 2026 | 25.38% |
| Mar 31, 2026 | 25.38% |
| Mar 31, 2026 | 25.38% |
| Dec 31, 2025 | 23.69% |
| Dec 31, 2025 | 23.69% |
| Dec 31, 2025 | 23.69% |
| Sep 30, 2025 | 23.11% |
| Sep 30, 2025 | 23.11% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 22.91% |
| Mar 31, 2025 | 22.91% |
| Mar 31, 2025 | 22.91% |
| Dec 31, 2024 | 24.44% |
| Dec 31, 2024 | 24.44% |