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 118.28 Bn 116.58 Bn 6.32 Bn 29.84
2 Yum Brands 41.26 Bn 40.58 Bn 1.38 Bn 16.28
3 Chipotle Mexican Grill 41.21 Bn 40.34 Bn 2.61 Bn 25.38
4 Restaurant Brands International 25.26 Bn 24.25 Bn 2.14 Bn 7.87
5 Darden Restaurants 22.64 Bn 22.40 Bn 3.31 Bn 12.95
6 Yum China Holdings 15.35 Bn 13.92 Bn 2.31 Bn 27.21
7 Texas Roadhouse 12.76 Bn 12.54 Bn 1.40 Bn 14.31
8 Dominos Pizza 11.11 Bn 10.98 Bn 478.23 Mn 22.53
9 Dutch Bros 8.18 Bn 7.92 Bn 107.48 Mn 12.37
10 Brinker International 8.13 Bn 8.07 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