Cummins (CMI) Tax Rate (2009 - 2026)

Cummins has reported Tax Rate for 18 years, with the latest figure at 27.19% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 329.0% year-over-year to 27.19%; the trailing twelve-month figure through Mar 2026 stood at 26.27% (up 234.0% YoY), and the FY2025 full-year result was 25.38%, up 835.0% from the prior year.
• Tax Rate for Q1 2026 stood at 27.19%, up from 21.62% in the prior quarter.
• The five-year high for Tax Rate was 32.78% in Q4 2024, with the low at 13.25% in Q4 2023.
• Historically, Tax Rate has averaged 21.15% across 5 years, with a median of 22.34% in 2023.
• Annual changes were most pronounced in 2023 — Tax Rate sank 3048 bps — and 2024, when it soared 4603 bps.
• Cummins' Tax Rate stood at 17.22% in 2022, then slumped by 177 bps to 13.25% in 2023, then surged by 347 bps to 32.78% in 2024, then tumbled by 34 bps to 21.62% in 2025, then rose by 26 bps to 27.19% in 2026.
• The last three Tax Rate figures came in at 27.19% (Q1 2026), 21.62% (Q4 2025), and 32.65% (Q3 2025), per Business Quant data.