Deere (DE) Tax Rate (2009 - 2026)
Deere (DE) posted quarterly Tax Rate of 22.59% for Q2 2026, down 47.0% year-over-year from 42.62% in Q2 2025, and down 3.64% quarter-over-quarter from 23.44% in Q1 2026.
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Analysis
Deere (DE) Tax Rate (2009 - 2026) Analysis & Trends
Deere's Tax Rate history runs 18 years deep, the most recent figure standing at 22.59% for Q2 2026.
- In Q2 2026, Tax Rate fell 47.0% year-over-year to 22.59%; the TTM figure through May 2026 stood at 23.76% (down 65.0% YoY), while the FY2025 annual figure was 21.0%, down 494.0% from the prior year.
- Tax Rate for Q2 2026 stood at 22.59%, down from 23.44% in the prior quarter.
- The five-year high for Tax Rate was 35.75% in Q4 2024, with the low at 61.76% in Q4 2023.
- The 5-year median for Tax Rate is 22.16% (2026), against an average of 12.85%.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 3250 bps in 2023, then surged 9751 bps in 2024.
- Deere's Tax Rate stood at 42.67% in 2022, then slumped by 45 bps to 61.76% in 2023, then surged by 158 bps to 35.75% in 2024, then decreased by 20 bps to 28.7% in 2025, then slipped by 21 bps to 22.59% in 2026.
- Business Quant data shows DE's Tax Rate at 22.59% in Q2 2026, 23.44% in Q1 2026, and 28.7% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 364.77 Bn | 358.05 Bn | 7.76 Bn | 23.15% |
| 2 | Deere | 188.05 Bn | 179.12 Bn | 12.32 Bn | 28.11% |
| 3 | Paccar | 64.20 Bn | 55.54 Bn | 1.56 Bn | 23.38% |
| 4 | CNH Industrial | 16.95 Bn | 15.09 Bn | 1.41 Bn | 25.00% |
| 5 | Oshkosh | 9.54 Bn | 9.14 Bn | 480.30 Mn | 16.93% |
| 6 | Agco | 9.05 Bn | 8.48 Bn | 645.90 Mn | 37.34% |
| 7 | Terex | 7.04 Bn | 6.63 Bn | 444.00 Mn | 20.86% |
| 8 | Blue Bird | 2.12 Bn | 2.01 Bn | 103.37 Mn | 5.16% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 25.61% |
| 10 | Lindsay | 1.24 Bn | 1.09 Bn | 47.83 Mn | 23.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 28.11% |
| May 3, 2026 | 22.59% |
| Feb 1, 2026 | 23.44% |
| Nov 2, 2025 | 45.05% |
| Jul 27, 2025 | 21.19% |
| Apr 27, 2025 | 23.06% |
| Jan 26, 2025 | 3.02% |
| Oct 27, 2024 | 35.75% |
| Jul 28, 2024 | 26.54% |
| Apr 28, 2024 | 24.09% |
| Jan 28, 2024 | 21.17% |
| Oct 29, 2023 | 48.71% |
| Jul 30, 2023 | -6.74% |
| Apr 30, 2023 | 25.75% |
| Jan 29, 2023 | 21.54% |
| Oct 30, 2022 | 24.58% |
| Jul 31, 2022 | 25.76% |
| May 1, 2022 | 18.06% |
| Jan 30, 2022 | 21.72% |
| Oct 31, 2021 | 47.80% |