Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Tax Rate came in at 25.38% in Q1 2026, up 247.0% year-on-year from 7.31% in Q1 2025, and up 7.14% on a QoQ basis 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.
- On a quarterly basis, Tax Rate rose 247.0% year-over-year to 25.38% in Q1 2026; TTM through Mar 2026 was 24.13%, a 26.0% increase from a year earlier, with the FY2025 full-year figure at 23.58%, down 11.0% from the prior year.
- Tax Rate for Q1 2026 stood at 25.38%, up from 23.69% in the prior quarter.
- Over the last five years, Tax Rate for CMG reached as high as 26.26% in Q4 2022 and fell as low as 16.69% in Q1 2022.
- Historically, Tax Rate has averaged 23.73% across 5 years, with a median of 24.22% in 2023.
- On a YoY basis, Tax Rate climbed as much as 970 bps in 2022 and fell as far as 351 bps in 2022.
- Year by year, Tax Rate stood at 26.26% in 2022, then fell by 0 bps to 26.22% in 2023, then decreased by 7 bps to 24.44% in 2024, then dropped by 3 bps to 23.69% in 2025, then increased by 7 bps to 25.38% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 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 | 117.61 Bn | 115.91 Bn | 6.32 Bn | 29.84% |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 25.38% |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 16.28% |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 7.87% |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 12.41% |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 27.21% |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 14.31% |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 22.53% |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 12.37% |
| 10 | Brinker International | 7.99 Bn | 7.93 Bn | 1.10 Bn | 18.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | 24.44% |
| Sep 30, 2024 | 22.92% |
| Sep 30, 2024 | 22.92% |