Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Tax Rate came in at 24.33% in Q2 2026, down 14.0% year-over-year from 28.29% in Q2 2025, and down 4.14% quarter-over-quarter from 25.38% in Q1 2026.
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Analysis
Chipotle Mexican Grill (CMG) Tax Rate (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has reported Tax Rate for 17 consecutive years, with 24.33% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate fell 14.0% year-over-year to 24.33% in Q2 2026; TTM through Jun 2026 was 24.08%, a 39.0% increase from a year earlier, with the FY2025 full-year figure at 23.58%, down 11.0% from the prior year.
- Tax Rate was 24.33% for Q2 2026 at Chipotle Mexican Grill, down 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 widest YoY moves for Tax Rate: up 970 bps in 2022, down 351 bps in 2022.
- Over 5 years, Tax Rate stood at 26.26% in 2022, then decreased by 0 bps to 26.22% in 2023, then dropped by 7 bps to 24.44% in 2024, then fell by 3 bps to 23.69% in 2025, then climbed by 3 bps to 24.33% in 2026.
- The last three Tax Rate figures came in at 24.33% (Q2 2026), 25.38% (Q1 2026), and 23.69% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 26.38% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 24.33% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | -60.04% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | -12.33% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 12.41% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | -12.33% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 25.99% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 13.53% |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 22.53% |
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 | 27.72% |
| 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();