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
DateValue
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%