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

General Mills' Tax Rate history runs 18 years deep, the most recent figure standing at 24.28% for Q1 2026.

• In Q1 2026, Tax Rate rose 446.0% year-over-year to 24.28%; the TTM figure through Feb 2026 stood at 24.01% (up 357.0% YoY), while the FY2025 annual figure was 20.24%, up 60.0% from the prior year.
• Tax Rate came in at 24.28% for Q1 2026 at General Mills, up from 23.29% 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 14.3% in Q2 2022.
• A 5-year average of 19.96% and a median of 20.1% in 2024 frame the typical range for Tax Rate.
• Across the five-year window, Tax Rate plunged 804 bps in 2022 and jumped 478 bps in 2023, its largest moves.
• General Mills' Tax Rate stood at 20.15% in 2022, then dropped by 5 bps to 19.04% in 2023, then increased by 6 bps to 20.14% in 2024, then increased by 16 bps to 23.29% in 2025, then climbed by 4 bps to 24.28% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 24.28%, 23.29%, and 25.55% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison