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% on a QoQ basis from 23.69% in Q4 2025.
Chipotle Mexican Grill (CMG) has 17 years of Tax Rate data on file, last reported at 25.38% in Q1 2026.
- Quarterly Tax Rate rose 247.0% year-over-year to 25.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.13% (up 26.0% YoY) and the FY2025 annual result came in at 23.58%, down 11.0% from the prior year.
- Tax Rate advanced to 25.38% in Q1 2026 per CMG's latest filing, from 23.69% in the prior quarter.
- Across five years, Tax Rate topped out at 26.26% in Q4 2022 and bottomed at 16.69% in Q1 2022.
- The 5-year median for Tax Rate is 24.22% (2023), against an average of 23.73%.
- Peak annual rise in Tax Rate reached 970 bps in 2022, while the deepest fall reached 351 bps in 2022.
- Tracing CMG's Tax Rate over 5 years: stood at 26.26% in 2022, then retreated by 0 bps to 26.22% in 2023, then slipped by 7 bps to 24.44% in 2024, then declined by 3 bps to 23.69% in 2025, then rose by 7 bps to 25.38% in 2026.
- Per Business Quant, the three latest CMG Tax Rate figures stand at 25.38% (Q1 2026), 23.69% (Q4 2025), and 23.11% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 29.84 |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 16.28 |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 25.38 |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 7.87 |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 12.95 |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 27.21 |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 14.31 |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 22.60 |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 19.05 |
| 10 | Dutch Bros | 7.47 Bn | 7.43 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 |
| Sep 30, 2023 | 24.22 |
| Sep 30, 2023 | 24.22 |
| Jun 30, 2023 | 23.75 |
| Jun 30, 2023 | 23.75 |
| Mar 31, 2023 | 22.55 |
| Mar 31, 2023 | 22.55 |
| Dec 31, 2022 | 26.26 |
| Dec 31, 2022 | 26.26 |
| Sep 30, 2022 | 24.36 |
| Sep 30, 2022 | 24.36 |
| Jun 30, 2022 | 25.34 |
| Jun 30, 2022 | 25.34 |
| Mar 31, 2022 | 16.69 |
| Mar 31, 2022 | 16.69 |
| Dec 31, 2021 | 20.34 |
| Dec 31, 2021 | 20.34 |
| Sep 30, 2021 | 14.66 |
| Sep 30, 2021 | 14.66 |
| Jun 30, 2021 | 23.70 |
| Jun 30, 2021 | 23.70 |
| Mar 31, 2021 | 20.20 |
| Mar 31, 2021 | 20.20 |
| Dec 31, 2020 | -154.23 |
| Dec 31, 2020 | -154.23 |
| Sep 30, 2020 | 24.65 |
| Sep 30, 2020 | 24.65 |
| Jun 30, 2020 | 289.41 |
| Jun 30, 2020 | 289.41 |
| Mar 31, 2020 | -3.42 |
| Mar 31, 2020 | -3.42 |
| Dec 31, 2019 | 28.30 |
| Dec 31, 2019 | 28.30 |
| Sep 30, 2019 | 17.87 |
| Sep 30, 2019 | 17.87 |
| Jun 30, 2019 | 26.57 |
| Jun 30, 2019 | 26.57 |
| Mar 31, 2019 | 22.21 |
| Mar 31, 2019 | 22.21 |
| Dec 31, 2018 | -396.40 |
| Dec 31, 2018 | -396.40 |
| Sep 30, 2018 | 36.84 |
| Sep 30, 2018 | 36.84 |
| Jun 30, 2018 | 33.29 |
| Jun 30, 2018 | 33.29 |
| Mar 31, 2018 | 36.90 |
| Mar 31, 2018 | 36.90 |
| Dec 31, 2017 | 58.08 |
| Dec 31, 2017 | 58.08 |
| Sep 30, 2017 | 38.99 |
| Sep 30, 2017 | 38.99 |
| Jun 30, 2017 | 38.08 |
| Jun 30, 2017 | 38.08 |
| Mar 31, 2017 | 37.98 |
| Mar 31, 2017 | 37.98 |
| Dec 31, 2016 | 48.70 |
| Dec 31, 2016 | 48.70 |
| Sep 30, 2016 | 25.00 |
| Sep 30, 2016 | 25.00 |
| Jun 30, 2016 | 38.59 |
| Jun 30, 2016 | 38.59 |
| Mar 31, 2016 | 40.57 |
| Mar 31, 2016 | 40.57 |
| Dec 31, 2015 | 35.61 |
| Dec 31, 2015 | 35.61 |
| Sep 30, 2015 | 38.68 |
| Sep 30, 2015 | 38.68 |
| Jun 30, 2015 | 38.82 |
| Jun 30, 2015 | 38.82 |
| Mar 31, 2015 | 38.38 |
| Mar 31, 2015 | 38.38 |
| Dec 31, 2014 | 46.72 |
| Dec 31, 2014 | 46.72 |
| Sep 30, 2014 | 37.18 |
| Sep 30, 2014 | 37.18 |
| Jun 30, 2014 | 39.07 |
| Jun 30, 2014 | 39.07 |
| Mar 31, 2014 | 39.07 |
| Mar 31, 2014 | 39.07 |
| Dec 31, 2013 | 38.51 |
| Dec 31, 2013 | 38.51 |
| Sep 30, 2013 | 39.54 |
| Sep 30, 2013 | 39.54 |
| Jun 30, 2013 | 40.13 |
| Jun 30, 2013 | 40.13 |
| Mar 31, 2013 | 36.34 |
| Mar 31, 2013 | 36.34 |
| Dec 31, 2012 | 40.23 |
| Dec 31, 2012 | 40.23 |
| Sep 30, 2012 | 38.84 |
| Sep 30, 2012 | 38.84 |
| Jun 30, 2012 | 39.12 |
| Jun 30, 2012 | 39.12 |
| Mar 31, 2012 | 38.96 |
| Mar 31, 2012 | 38.96 |
| Dec 31, 2011 | 39.04 |
| Dec 31, 2011 | 39.04 |
| Sep 30, 2011 | 38.62 |
| Sep 30, 2011 | 38.62 |
| Jun 30, 2011 | 38.12 |
| Jun 30, 2011 | 38.12 |
| Mar 31, 2011 | 38.25 |
| Mar 31, 2011 | 38.25 |
| Dec 31, 2010 | 23.39 |
| Dec 31, 2010 | 23.39 |
| Sep 30, 2010 | 38.14 |
| Sep 30, 2010 | 38.14 |
| Jun 30, 2010 | 38.30 |
| Jun 30, 2010 | 38.30 |
| Mar 31, 2010 | 38.45 |
| Mar 31, 2010 | 38.45 |