Eaton (ETN) Tax Rate (2012 - 2026)
Eaton's Tax Rate was 28.06% in Q2 2026, up 10.94 percentage points from 17.12% a year earlier and up 6.38 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 20.45% through Jun 30, 2026, up 3.49 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).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q3 2021.
- Compared with a year earlier, Tax Rate was higher in six of the last eight quarters, with an average year-over-year change of +2.24 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2021 (a gain of 28.54 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 Q2 2026 was 21.68% (Q1 2026), 12.43% (Q4 2025) and 20.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 338.35 Bn | 310.05 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 196.58 Bn | 191.16 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 170.02 Bn | 138.12 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 151.86 Bn | 149.05 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.43 Bn | 118.55 Bn | 2.25 Bn | 18.51% |
| 6 | Emerson Electric | 91.10 Bn | 83.83 Bn | 2.66 Bn | 21.62% |
| 7 | 3M | 89.06 Bn | 70.46 Bn | 2.68 Bn | 16.34% |
| 8 | Vertiv Holdings | 81.48 Bn | 72.10 Bn | 1.23 Bn | 19.71% |
| 9 | Illinois Tool Works | 79.16 Bn | 75.71 Bn | 1.90 Bn | 24.54% |
| 10 | Cummins | 74.93 Bn | 71.00 Bn | 2.47 Bn | 25.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 43.40% |
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();