General Mills (GIS) Tax Rate (2009 - 2026)
General Mills' (GIS) quarterly Tax Rate came in at 10.77% in Q2 2026, down 755.0% year-over-year from 1.64% in Q2 2025, and down 55.63% quarter-over-quarter from 24.28% in Q1 2026.
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Analysis
General Mills (GIS) Tax Rate (2009 - 2026) Analysis & Trends
General Mills has disclosed Tax Rate across 18 years of filings, most recently posting 10.77% for Q2 2026.
- In Q2 2026, Tax Rate fell 755.0% year-over-year to 10.77%; the TTM figure through May 2026 stood at 102.17% (up 8193.0% YoY), while the FY2026 annual figure was 102.17%, up 8193.0% from the prior year.
- Tax Rate came in at 10.77% for Q2 2026 at General Mills, down from 24.28% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.55% in Q3 2025 to a low of 10.77% in Q2 2026.
- Average Tax Rate over 5 years is 19.45%, with a median of 19.96% recorded in 2024.
- Year-over-year, Tax Rate plunged 804 bps in 2022 and jumped 478 bps in 2023.
- Over 5 years, Tax Rate stood at 20.15% in 2022, then slipped by 5 bps to 19.04% in 2023, then grew by 6 bps to 20.14% in 2024, then grew by 16 bps to 23.29% in 2025, then tumbled by 54 bps to 10.77% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 10.77% in Q2 2026, 24.28% in Q1 2026, and 23.29% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 137.23 Bn | 132.65 Bn | - | - |
| 2 | Kraft Heinz | 28.45 Bn | 25.88 Bn | 2.03 Bn | 14.37% |
| 3 | General Mills | 18.94 Bn | 18.49 Bn | 1.60 Bn | 10.77% |
| 4 | Mccormick | 13.30 Bn | 13.55 Bn | 778.20 Mn | 28.84% |
| 5 | J M Smucker | 12.94 Bn | 12.90 Bn | 979.60 Mn | 24.21% |
| 6 | Hormel Foods | 11.19 Bn | 10.34 Bn | 471.52 Mn | 42.30% |
| 7 | Chewy | 7.89 Bn | 7.28 Bn | 1.01 Bn | 28.06% |
| 8 | Conagra Brands | 7.08 Bn | 6.86 Bn | 704.10 Mn | 30.73% |
| 9 | Lamb Weston Holdings | 6.38 Bn | 6.31 Bn | 361.40 Mn | 11.46% |
| 10 | Campbell'S | 6.03 Bn | 5.63 Bn | 650.00 Mn | 22.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 10.77% |
| Feb 22, 2026 | 24.28% |
| Nov 23, 2025 | 23.29% |
| Aug 24, 2025 | 25.55% |
| May 25, 2025 | 18.32% |
| Feb 23, 2025 | 19.82% |
| Nov 24, 2024 | 20.14% |
| Aug 25, 2024 | 21.81% |
| May 26, 2024 | 20.10% |
| Feb 25, 2024 | 18.49% |
| Nov 26, 2023 | 19.04% |
| Aug 27, 2023 | 20.87% |
| May 28, 2023 | 19.08% |
| Feb 26, 2023 | 16.57% |
| Nov 27, 2022 | 20.15% |
| Aug 28, 2022 | 21.19% |
| May 29, 2022 | 14.30% |
| Feb 27, 2022 | 16.30% |
| Nov 28, 2021 | 21.72% |
| Aug 29, 2021 | 21.71% |
API Access
General Mills 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=GIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GIS", "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=GIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();