General Mills (GIS) Tax Rate (2009 - 2026)
General Mills (GIS) posted Tax Rate of 10.77% for Q2 2026, down 55.63% sequentially from 24.28% in Q1 2026, and down 755.0% YoY from 1.64% in Q2 2025.
General Mills (GIS) Tax Rate (2009 - 2026) Analysis & Trends
General Mills has reported Tax Rate for 18 years, with the latest figure at 10.77% in Q2 2026.
- Quarterly Tax Rate fell 755.0% year-over-year to 10.77% in Q2 2026, while the trailing twelve-month figure through May 2026 was 102.17% (up 8193.0% YoY) and the FY2026 annual result came in at 102.17%, up 8193.0% from the prior year.
- Tax Rate eased to 10.77% in Q2 2026 per GIS's latest filing, from 24.28% in the prior quarter.
- Over five years, Tax Rate peaked at 25.55% in Q3 2025 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 804 bps in 2022, then surged 478 bps in 2023.
- Over 5 years, Tax Rate stood at 20.15% in 2022, then declined by 5 bps to 19.04% in 2023, then rose by 6 bps to 20.14% in 2024, then rose by 16 bps to 23.29% in 2025, then sank by 54 bps to 10.77% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 10.77%, 24.28%, and 23.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | 14.37% |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | 10.77% |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | 28.84% |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | 56.69% |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | -18.47% |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | 23.63% |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 22.13% |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | 21.40% |
| 10 | Conagra Brands | 7.86 Bn | 7.64 Bn | 704.10 Mn | 30.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |