Fastenal (FAST) Tax Rate (2009 - 2026)
Fastenal (FAST) reported Tax Rate of 24.40% for Q3 2026, up 0.54 percentage points from 23.85% a year earlier and up 0.64 percentage points from the prior quarter.
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Analysis
Fastenal (FAST) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fastenal's Tax Rate came in at 24.01%, down 0.02 percentage points year-over-year; for FY2025, it was 23.96%, up 0.26 percentage points from FY2024.
- Tax Rate has a five-year change of -0.19 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 23.71% in FY2024 (-0.41 pp), 24.11% in FY2023 (-0.41 pp), 24.52% in FY2022 (+1.11 pp) and 23.41% in FY2021 (-0.74 pp).
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q4 2023.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +0.02 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 2.62 percentage points); the low point was Q4 2021 (a drop of 2.66 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.76% (Q2 2026), 24.22% (Q1 2026) and 23.56% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 73.34 Bn | 72.46 Bn | 2.05 Bn | 25.26% |
| 2 | W.W. Grainger | 65.22 Bn | 62.82 Bn | 1.98 Bn | 24.81% |
| 3 | Fastenal | 60.31 Bn | 59.31 Bn | 1.10 Bn | 24.40% |
| 4 | Ferguson Enterprises | 46.98 Bn | 44.19 Bn | 2.32 Bn | 26.07% |
| 5 | Sunbelt Rentals Holdings | 34.35 Bn | 34.23 Bn | 1.25 Bn | 25.89% |
| 6 | Reliance | 22.84 Bn | 21.89 Bn | 1.45 Bn | 24.16% |
| 7 | Wesco International | 16.33 Bn | 13.38 Bn | 1.57 Bn | 24.43% |
| 8 | Watsco | 12.05 Bn | 12.05 Bn | 586.29 Mn | - |
| 9 | Applied Industrial Technologies | 10.95 Bn | 10.83 Bn | 392.21 Mn | 21.67% |
| 10 | Avantor | 10.57 Bn | 9.16 Bn | 534.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.40% |
| Jun 30, 2026 | 23.76% |
| Mar 31, 2026 | 24.22% |
| Dec 31, 2025 | 23.56% |
| Sep 30, 2025 | 23.85% |
| Jun 30, 2025 | 24.35% |
| Mar 31, 2025 | 24.01% |
| Dec 31, 2024 | 23.87% |
| Sep 30, 2024 | 23.09% |
| Jun 30, 2024 | 24.25% |
| Mar 31, 2024 | 23.63% |
| Dec 31, 2023 | 24.79% |
| Sep 30, 2023 | 23.33% |
| Jun 30, 2023 | 24.10% |
| Mar 31, 2023 | 24.28% |
| Dec 31, 2022 | 25.17% |
| Sep 30, 2022 | 24.17% |
| Jun 30, 2022 | 24.59% |
| Mar 31, 2022 | 24.21% |
| Dec 31, 2021 | 22.55% |
API Access
Fastenal 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=FAST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "FAST", "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=FAST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();