General Mills (GIS) Tax Rate (2009 - 2026)

General Mills (GIS) reported Tax Rate of 10.77% for Q2 2026, down 755.0% on a YoY basis from 1.64% in Q2 2025, and down 55.63% sequentially from 24.28% in Q1 2026.

General Mills (GIS) Tax Rate (2009 - 2026) Analysis & Trends

General Mills (GIS) has 18 years of Tax Rate data on file, last reported at 10.77% in Q2 2026.

  • For the quarter ending Q2 2026, Tax Rate fell 755.0% year-over-year to 10.77%; the trailing twelve-month figure through May 2026 stood at 102.17% (up 8193.0% YoY), and the FY2026 full-year result was 102.17%, up 8193.0% from the prior year.
  • Tax Rate eased to 10.77% in Q2 2026, 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.
  • A 5-year average of 19.45% and a median of 19.96% in 2024 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate tumbled 804 bps in 2022 and soared 478 bps in 2023, its largest moves.
  • Tracing GIS's Tax Rate over 5 years: stood at 20.15% in 2022, then decreased by 5 bps to 19.04% in 2023, then climbed by 6 bps to 20.14% in 2024, then climbed by 16 bps to 23.29% in 2025, then slumped by 54 bps to 10.77% in 2026.
  • Business Quant data shows GIS's Tax Rate at 10.77% in Q2 2026, 24.28% in Q1 2026, and 23.29% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Kraft Heinz 30.29 Bn 26.20 Bn 2.22 Bn 20.89
2 General Mills 19.35 Bn 18.90 Bn 1.60 Bn 10.77
3 Hormel Foods 13.90 Bn 13.04 Bn 518.51 Mn 23.63
4 Mccormick 13.45 Bn 13.12 Bn 778.20 Mn 28.84
5 Magnum Ice Cream 10.95 Bn 10.43 Bn - -
6 Smithfield Foods 10.34 Bn 8.95 Bn 511.00 Mn 22.29
7 Darling Ingredients 9.92 Bn 9.80 Bn 404.92 Mn 21.99
8 Oatly Group AB 8.23 Bn 8.23 Bn 76.34 Mn -
9 Conagra Brands 7.07 Bn 6.85 Bn 704.10 Mn 32.34
10 Lamb Weston Holdings 6.87 Bn 6.81 Bn 331.60 Mn 37.13

Historic Data

Download Data
DateValue
May 31, 2026 10.77
May 31, 2026 10.77
May 31, 2026 10.77
Feb 22, 2026 24.28
Feb 22, 2026 24.28
Feb 22, 2026 24.28
Nov 23, 2025 23.29
Nov 23, 2025 23.29
Nov 23, 2025 23.29
Aug 24, 2025 25.55
Aug 24, 2025 25.55
Aug 24, 2025 25.55
May 25, 2025 18.32
May 25, 2025 18.32
May 25, 2025 18.32
Feb 23, 2025 19.82
Feb 23, 2025 19.82
Feb 23, 2025 19.82
Nov 24, 2024 20.14
Nov 24, 2024 20.14