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
DateValue
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%