Cummins (CMI) Tax Rate (2009 - 2026)

Cummins' Tax Rate history runs 18 years deep, the most recent figure standing at 27.19% for Q1 2026.

• Quarterly Tax Rate rose 329.0% year-over-year to 27.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.27% (up 234.0% YoY) and the FY2025 annual result came in at 25.38%, up 835.0% from the prior year.
• Tax Rate was 27.19% for Q1 2026 at Cummins, up from 21.62% in the prior quarter.
• Across five years, Tax Rate topped out at 32.78% in Q4 2024 and bottomed at 13.25% in Q4 2023.
• A 5-year average of 21.15% and a median of 22.34% in 2023 frame the typical range for Tax Rate.
• Annual changes were most pronounced in 2023 — Tax Rate plunged 3048 bps — and 2024, when it soared 4603 bps.
• Cummins' Tax Rate stood at 17.22% in 2022, then plunged by 177 bps to 13.25% in 2023, then jumped by 347 bps to 32.78% in 2024, then sank by 34 bps to 21.62% in 2025, then advanced by 26 bps to 27.19% in 2026.
• Business Quant data shows CMI's Tax Rate at 27.19% in Q1 2026, 21.62% in Q4 2025, and 32.65% in Q3 2025.