Fastenal (FAST) Tax Rate (2009 - 2026)
Fastenal's (FAST) quarterly Tax Rate came in at 23.76% in Q2 2026, down 59.0% YoY from 57.95% in Q2 2025, and down 1.92% on a QoQ basis from 24.22% in Q1 2026.
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Analysis
Fastenal (FAST) Tax Rate (2009 - 2026) Analysis & Trends
Fastenal (FAST) has 18 years of Tax Rate data on file, last reported at 23.76% in Q2 2026.
- Quarterly Tax Rate fell 59.0% year-over-year to 23.76% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.86% (up 1.0% YoY) and the FY2025 annual result came in at 23.96%, up 26.0% from the prior year.
- Tax Rate fell to 23.76% in Q2 2026, from 24.22% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.17% in Q4 2022 to a low of 23.09% in Q3 2024.
- A 5-year average of 24.07% and a median of 24.13% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 262 bps — and 2024, when it tumbled 91 bps.
- Tracing FAST's Tax Rate over 5 years: stood at 25.17% in 2022, then retreated by 2 bps to 24.79% in 2023, then dropped by 4 bps to 23.87% in 2024, then retreated by 1 bps to 23.56% in 2025, then climbed by 1 bps to 23.76% in 2026.
- The last three Tax Rate figures came in at 23.76% (Q2 2026), 24.22% (Q1 2026), and 23.56% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 60.76 Bn | 60.17 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 55.17 Bn | 54.97 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 43.00 Bn | 42.18 Bn | 2.32 Bn | 26.07% |
| 4 | Wesco International | 16.30 Bn | 15.49 Bn | 1.46 Bn | 22.94% |
| 5 | Applied Industrial Technologies | 11.95 Bn | 11.82 Bn | 411.22 Mn | 24.84% |
| 6 | Watsco | 11.80 Bn | 11.33 Bn | 578.93 Mn | 20.91% |
| 7 | Core & Main | 8.27 Bn | 8.12 Bn | 520.00 Mn | 24.67% |
| 8 | Pool | 6.62 Bn | 6.58 Bn | 540.76 Mn | 25.79% |
| 9 | Msc Industrial Direct | 6.52 Bn | 6.45 Bn | 430.41 Mn | 24.50% |
| 10 | Xometry | 5.01 Bn | 4.49 Bn | 87.15 Mn | -7.14% |
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% |