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
DateValue
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%