Deere (DE) Tax Rate (2009 - 2026)
Deere (DE) recorded quarterly Tax Rate of 22.59% in Q2 2026, down 3.64% quarter-over-quarter from 23.44% in Q1 2026, and down 47.0% on a YoY basis from 42.62% in Q2 2025.
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 27.54% (up 728.0% YoY), while the FY2025 annual figure was 24.72%, up 198.0% from the prior year.
- Tax Rate was 22.59% for Q2 2026 at Deere, down from 23.44% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 48.71% in Q4 2023 to a low of 6.74% in Q3 2023.
- Historically, Tax Rate has averaged 22.43% across 5 years, with a median of 22.44% in 2026.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 3250 bps in 2023, then jumped 3328 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 22.29% in 2022, then surged by 119 bps to 48.71% in 2023, then plunged by 66 bps to 16.39% in 2024, then surged by 175 bps to 45.05% in 2025, then slumped by 50 bps to 22.59% in 2026.
- The last three Tax Rate figures came in at 22.59% (Q2 2026), 23.44% (Q1 2026), and 45.05% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 424.10 Bn | 420.03 Bn | 6.11 Bn | 20.87% |
| 2 | Deere | 156.25 Bn | 148.36 Bn | 13.06 Bn | 22.59% |
| 3 | Paccar | 63.14 Bn | 62.45 Bn | 1.36 Bn | 22.03% |
| 4 | Oshkosh | 8.32 Bn | 8.07 Bn | 311.90 Mn | 19.20% |
| 5 | Terex | 6.12 Bn | 5.73 Bn | 206.00 Mn | 26.19% |
| 6 | Blue Bird | 2.24 Bn | 1.97 Bn | 70.65 Mn | 24.88% |
| 7 | Alamo | 1.85 Bn | 1.65 Bn | 104.81 Mn | 25.26% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 22.48% |
| 9 | Astec Industries | 1.18 Bn | 1.11 Bn | 99.10 Mn | 53.57% |
| 10 | Hyster-Yale | 619.64 Mn | 623.94 Mn | 124.80 Mn | 5.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 3, 2026 | 22.59% |
| May 3, 2026 | 22.59% |
| Feb 1, 2026 | 23.44% |
| Feb 1, 2026 | 23.44% |
| Nov 2, 2025 | 45.05% |
| Nov 2, 2025 | 45.05% |
| Jul 27, 2025 | 21.19% |
| Jul 27, 2025 | 21.19% |
| Apr 27, 2025 | 23.06% |
| Apr 27, 2025 | 23.06% |
| Jan 26, 2025 | 3.02% |
| Jan 26, 2025 | 3.02% |
| Oct 27, 2024 | 16.39% |
| Oct 27, 2024 | 16.39% |
| Jul 28, 2024 | 26.54% |
| Jul 28, 2024 | 26.54% |
| Apr 28, 2024 | 24.09% |
| Apr 28, 2024 | 24.09% |
| Jan 28, 2024 | 21.17% |
| Jan 28, 2024 | 21.17% |