Eaton (ETN) Tax Rate (2012 - 2026)
Eaton's Tax Rate was 21.24% in Q3 2026, up 0.53 percentage points from 20.71% a year earlier but down 6.82 percentage points from the prior quarter.
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Analysis
Eaton (ETN) Tax Rate (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Eaton's Tax Rate was 20.61% through Sep 30, 2026, up 2.42 percentage points year-over-year; for FY2025, it came in at 17.05%, up 0.23 percentage points from FY2024.
- Tax Rate has now increased for three consecutive years, though with a five-year change of -1.91 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 16.82% in FY2024 (+1.04 pp), 15.78% in FY2023 (+0.50 pp), 15.29% in FY2022 (-10.61 pp) and 25.90% in FY2021 (+6.94 pp).
- Quarterly Tax Rate has moved between 11.84% (Q4 2021) and 28.06% (Q2 2026) over five years.
- Compared with a year earlier, Tax Rate has increased for three straight quarters, with an average year-over-year change of +2.47 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q2 2026 (a gain of 10.94 percentage points); the worst was Q3 2022 (a drop of 27.84 percentage points).
- Per Business Quant data, ETN's Tax Rate in the three quarters before Q3 2026 was 28.06% (Q2 2026), 21.68% (Q1 2026) and 12.43% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 22.94% |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 27.38% |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 21.24% |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 22.25% |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 15.63% |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 21.62% |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 24.40% |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 23.15% |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 22.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.24% |
| Jun 30, 2026 | 28.06% |
| Mar 31, 2026 | 21.68% |
| Dec 31, 2025 | 12.43% |
| Sep 30, 2025 | 20.71% |
| Jun 30, 2025 | 17.12% |
| Mar 31, 2025 | 18.01% |
| Dec 31, 2024 | 16.71% |
| Sep 30, 2024 | 16.03% |
| Jun 30, 2024 | 16.82% |
| Mar 31, 2024 | 17.88% |
| Dec 31, 2023 | 12.96% |
| Sep 30, 2023 | 17.33% |
| Jun 30, 2023 | 17.04% |
| Mar 31, 2023 | 16.14% |
| Dec 31, 2022 | 15.16% |
| Sep 30, 2022 | 15.56% |
| Jun 30, 2022 | 16.53% |
| Mar 31, 2022 | 13.89% |
| Dec 31, 2021 | 11.84% |
API Access
Eaton 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=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ETN", "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=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();