General Mills (GIS) Tax Rate (2009 - 2026)
General Mills (GIS) posted Tax Rate of 24.46% for fiscal Q1 2027 (quarter ended Aug 30, 2026), down 1.09 percentage points from 25.55% a year earlier but up 13.69 percentage points from the prior quarter.
General Mills (GIS) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 30, 2026, Tax Rate at General Mills was -18.01%, down 40.24 percentage points year-over-year; for FY2026 (ended May 31, 2026), it was 102.17%, up 81.93 percentage points from FY2025.
- Annual Tax Rate has increased for four consecutive fiscal years, with a five-year change of +80.15 percentage points (FY2021 to FY2026).
- In prior fiscal years, General Mills' Tax Rate was 20.24% in FY2025 (+0.60 pp), 19.63% in FY2024 (+0.14 pp), 19.49% in FY2023 (+1.23 pp) and 18.27% in FY2022 (-3.75 pp).
- Quarterly Tax Rate has run from a low of 10.77% in fiscal Q4 2026 to a high of 25.55% in fiscal Q1 2026 over five years.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +0.42 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q4 2023, with a gain of 4.78 percentage points; the weakest was fiscal Q4 2022, with a drop of 8.04 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 10.77% (Q4 2026), 24.28% (Q3 2026) and 23.29% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 139.49 Bn | 90.95 Bn | - | - |
| 2 | Mondelez International | 80.62 Bn | 73.88 Bn | 3.99 Bn | 19.17% |
| 3 | Hershey | 33.18 Bn | 29.42 Bn | 1.26 Bn | 22.20% |
| 4 | Kraft Heinz | 27.00 Bn | 13.42 Bn | 2.03 Bn | - |
| 5 | General Mills | 17.21 Bn | 14.85 Bn | 1.49 Bn | 24.46% |
| 6 | J M Smucker | 12.99 Bn | 12.77 Bn | 979.60 Mn | 24.21% |
| 7 | Mccormick | 12.10 Bn | 11.16 Bn | 794.90 Mn | 32.30% |
| 8 | Hormel Foods | 10.92 Bn | 7.59 Bn | 471.52 Mn | 42.30% |
| 9 | Chewy | 8.36 Bn | 5.65 Bn | 1.01 Bn | 28.06% |
| 10 | Lamb Weston Holdings | 7.29 Bn | 6.91 Bn | 266.50 Mn | 42.46% |
Historic Data
| Date | Value |
|---|---|
| Aug 30, 2026 | 24.46% |
| 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% |
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();