Fastenal (FAST) Tax Rate (2009 - 2026)
Fastenal's (FAST) quarterly Tax Rate came in at 23.76% in Q2 2026, down 59.0% on a YoY basis from 57.95% in Q2 2025, and down 1.92% quarter-over-quarter from 24.22% in Q1 2026.
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Analysis
Fastenal (FAST) Tax Rate (2009 - 2026) Analysis & Trends
Fastenal (FAST) has reported Tax Rate for 18 consecutive years, with 23.76% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 59.0% year-over-year to 23.76%; the trailing twelve-month figure through Jun 2026 stood at 23.86% (up 1.0% YoY), and the FY2025 full-year result was 23.96%, up 26.0% from the prior year.
- Tax Rate eased to 23.76% in Q2 2026 per FAST's latest filing, from 24.22% in the prior quarter.
- Across five years, Tax Rate topped out at 25.17% in Q4 2022 and bottomed at 23.09% in Q3 2024.
- Historically, Tax Rate has averaged 24.07% across 5 years, with a median of 24.13% in 2022.
- The sharpest annual moves came in 2022 and 2024: Tax Rate surged 262 bps in 2022, then plunged 91 bps in 2024.
- Over 5 years, Tax Rate stood at 25.17% in 2022, then slipped by 2 bps to 24.79% in 2023, then fell by 4 bps to 23.87% in 2024, then slipped by 1 bps to 23.56% in 2025, then increased by 1 bps to 23.76% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 23.76%, 24.22%, and 23.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.74 Bn | 59.53 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 57.47 Bn | 57.26 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 42.93 Bn | 42.11 Bn | 2.32 Bn | 26.07% |
| 4 | Sunbelt Rentals Holdings | 31.01 Bn | 30.98 Bn | 1.25 Bn | 25.89% |
| 5 | Reliance | 19.76 Bn | 19.53 Bn | 1.30 Bn | 24.71% |
| 6 | Wesco International | 17.65 Bn | 16.83 Bn | 1.46 Bn | 22.94% |
| 7 | Applied Industrial Technologies | 12.14 Bn | 12.02 Bn | 411.22 Mn | 24.84% |
| 8 | Watsco | 11.58 Bn | 11.60 Bn | 578.93 Mn | 20.91% |
| 9 | Avantor | 10.11 Bn | 9.80 Bn | 537.00 Mn | 53.08% |
| 10 | Core & Main | 7.93 Bn | 7.69 Bn | 573.00 Mn | 22.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 22.97% |
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();