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General Mills (GIS) Tax Rate (2016 - 2026)

General Mills' Tax Rate history spans 16 years, with the latest figure at 20.1% for Q2 2024.

  • For Q2 2024, Tax Rate rose 102.0% year-over-year to 20.1%; the TTM value through May 2024 reached 19.63%, up 14.0%, while the annual FY2025 figure was 20.24%, 60.0% up from the prior year.
  • Tax Rate for Q2 2024 was 20.1% at General Mills, up from 18.49% in the prior quarter.
  • Across five years, Tax Rate topped out at 23.8% in Q2 2020 and bottomed at 14.75% in Q2 2022.
  • The 5-year median for Tax Rate is 20.51% (2022), against an average of 20.14%.
  • The largest YoY upside for Tax Rate was 433bps in 2023 against a maximum downside of -111bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 22.31% in 2020, then dropped by -3bps to 21.71% in 2021, then decreased by -7bps to 20.15% in 2022, then dropped by -5bps to 19.04% in 2023, then rose by 6bps to 20.1% in 2024.
  • Per Business Quant, the three most recent readings for GIS's Tax Rate are 20.1% (Q2 2024), 18.49% (Q1 2024), and 19.04% (Q4 2023).