Dover (DOV) Tax Rate (2009 - 2026)
Dover's Tax Rate came in at 19.38% for Q2 2026, down 1.06 percentage points from 20.44% a year earlier and down 0.74 percentage points from the prior quarter.
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Analysis
Dover (DOV) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dover reported Tax Rate of 20.10%, up 0.15 percentage points year-over-year; for FY2025, it came in at 20.14%, down 0.18 percentage points from FY2024.
- Tax Rate carries a five-year change of +1.34 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 20.32% in FY2024 (+4.37 pp), 15.95% in FY2023 (-0.88 pp), 16.83% in FY2022 (-2.95 pp) and 19.77% in FY2021 (+0.97 pp).
- The five-year range for quarterly Tax Rate is 7.69% (Q4 2023) to 21.49% (Q4 2024).
- Year-over-year, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +1.80 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2024 (a gain of 13.81 percentage points), and the weakest in Q4 2023 (a drop of 9.12 percentage points).
- Business Quant data shows DOV's Tax Rate at 20.12% (Q1 2026), 19.31% (Q4 2025) and 21.48% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 341.32 Bn | 313.01 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 196.38 Bn | 190.97 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 170.38 Bn | 138.48 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 153.16 Bn | 150.35 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 121.56 Bn | 119.69 Bn | 2.25 Bn | 18.51% |
| 6 | Emerson Electric | 92.03 Bn | 84.76 Bn | 2.66 Bn | 21.62% |
| 7 | 3M | 90.29 Bn | 71.73 Bn | 2.78 Bn | 15.63% |
| 8 | Vertiv Holdings | 82.24 Bn | 72.86 Bn | 1.23 Bn | 19.71% |
| 9 | Illinois Tool Works | 79.52 Bn | 76.08 Bn | 1.90 Bn | 24.54% |
| 10 | Dover | 26.79 Bn | 20.16 Bn | 880.61 Mn | 19.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.38% |
| Mar 31, 2026 | 20.12% |
| Dec 31, 2025 | 19.31% |
| Sep 30, 2025 | 21.48% |
| Jun 30, 2025 | 20.44% |
| Mar 31, 2025 | 19.01% |
| Dec 31, 2024 | 21.49% |
| Sep 30, 2024 | 19.01% |
| Jun 30, 2024 | 19.77% |
| Mar 31, 2024 | 20.74% |
| Dec 31, 2023 | 7.69% |
| Sep 30, 2023 | 17.68% |
| Jun 30, 2023 | 19.26% |
| Mar 31, 2023 | 20.16% |
| Dec 31, 2022 | 16.80% |
| Sep 30, 2022 | 18.98% |
| Jun 30, 2022 | 13.64% |
| Mar 31, 2022 | 17.97% |
| Dec 31, 2021 | 21.26% |
| Sep 30, 2021 | 19.47% |
API Access
Dover Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=DOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "DOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=DOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();