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| 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 |