Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026)
Chipotle Mexican Grill's Tax Rate came in at 24.33% for Q2 2026, down 0.14 percentage points from 24.47% a year earlier and down 1.05 percentage points from the prior quarter.
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Analysis
Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Chipotle Mexican Grill reported Tax Rate of 24.08%, up 0.39 percentage points year-over-year; for FY2025, it came in at 23.58%, down 0.11 percentage points from FY2024.
- Tax Rate carries a five-year change of +44.67 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 23.68% in FY2024 (-0.49 pp), 24.18% in FY2023 (+0.27 pp), 23.90% in FY2022 (+4.24 pp) and 19.66% in FY2021 (+40.76 pp).
- The five-year range for quarterly Tax Rate is 14.66% (Q3 2021) to 26.26% (Q4 2022).
- Year-over-year, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of -0.12 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2021 (a gain of 82.54 percentage points), and the weakest in Q3 2021 (a drop of 9.99 percentage points).
- Business Quant data shows CMG's Tax Rate at 25.38% (Q1 2026), 23.69% (Q4 2025) and 23.11% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.89 Bn | 166.71 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 109.83 Bn | 97.45 Bn | - | 26.38% |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | - |
| 4 | Chipotle Mexican Grill | 39.16 Bn | 35.14 Bn | - | 24.33% |
| 5 | Restaurant Brands International | 25.80 Bn | 21.36 Bn | 1.38 Bn | - |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 12.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | - |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 25.99% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 13.53% |
| 10 | Luckin Coffee | 10.72 Bn | 9.80 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.33% |
| Mar 31, 2026 | 25.38% |
| Dec 31, 2025 | 23.69% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 22.91% |
| Dec 31, 2024 | 24.44% |
| Sep 30, 2024 | 22.92% |
| Jun 30, 2024 | 25.04% |
| Mar 31, 2024 | 22.01% |
| Dec 31, 2023 | 26.22% |
| Sep 30, 2023 | 24.22% |
| Jun 30, 2023 | 23.75% |
| Mar 31, 2023 | 22.55% |
| Dec 31, 2022 | 26.26% |
| Sep 30, 2022 | 24.36% |
| Jun 30, 2022 | 25.34% |
| Mar 31, 2022 | 16.69% |
| Dec 31, 2021 | 20.34% |
| Sep 30, 2021 | 14.66% |
API Access
Chipotle Mexican Grill Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();