General Motors (GM) Tax Rate (2010 - 2026)
General Motors' (GM) quarterly Tax Rate came in at 13.65% in Q2 2026, down 660.0% on a YoY basis from 2.44% in Q2 2025, and down 28.85% quarter-over-quarter from 19.18% in Q1 2026.
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General Motors (GM) Tax Rate (2010 - 2026) Analysis & Trends
General Motors (GM) has reported Tax Rate for 17 consecutive years, with 13.65% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 660.0% year-over-year to 13.65%; the trailing twelve-month figure through Jun 2026 stood at 0.24% (down 3158.0% YoY), and the FY2025 full-year result was 10.84%, down 1916.0% from the prior year.
- Tax Rate eased to 13.65% in Q2 2026 per GM's latest filing, from 19.18% in the prior quarter.
- Across five years, Tax Rate topped out at 23.25% in Q4 2025 and bottomed at 75.53% in Q4 2023.
- Historically, Tax Rate has averaged 10.52% across 5 years, with a median of 19.13% in 2024.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 9794 bps in 2023, then soared 6309 bps in 2024.
- Over 5 years, Tax Rate stood at 22.41% in 2022, then slumped by 437 bps to 75.53% in 2023, then surged by 84 bps to 12.44% in 2024, then soared by 287 bps to 23.25% in 2025, then tumbled by 41 bps to 13.65% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 13.65%, 19.18%, and 23.25% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,159.10 Bn | 1,115.58 Bn | 4.75 Bn | 15.12% |
| 2 | Toyota Motor | 254.03 Bn | 176.04 Bn | 12.27 Bn | -42.23% |
| 3 | Honda Motor | 128.49 Bn | 88.36 Bn | 8.46 Bn | -21.69% |
| 4 | General Motors | 75.41 Bn | 50.69 Bn | 7.33 Bn | 13.65% |
| 5 | Ford Motor | 53.33 Bn | 21.99 Bn | 6.08 Bn | 34.97% |
| 6 | Rivian Automotive | 20.17 Bn | 14.86 Bn | 179.00 Mn | 0.12% |
| 7 | Li Auto | 12.13 Bn | -444.38 Mn | 417.98 Mn | -12.50% |
| 8 | Xpeng | 9.84 Bn | 7.52 Bn | 601.83 Mn | 9.30% |
| 9 | Nio | 8.17 Bn | 1.84 Bn | 870.51 Mn | 6.63% |
| 10 | VinFast Auto | 7.27 Bn | 7.27 Bn | -677,431.76 Bn | -0.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.65% |
| Mar 31, 2026 | 19.18% |
| Dec 31, 2025 | 23.25% |
| Sep 30, 2025 | 8.95% |
| Jun 30, 2025 | 20.25% |
| Mar 31, 2025 | 20.13% |
| Dec 31, 2024 | -12.44% |
| Sep 30, 2024 | 19.07% |
| Jun 30, 2024 | 21.05% |
| Mar 31, 2024 | 20.51% |
| Dec 31, 2023 | -75.53% |
| Sep 30, 2023 | 13.57% |
| Jun 30, 2023 | 17.23% |
| Mar 31, 2023 | 15.42% |
| Dec 31, 2022 | 22.41% |
| Sep 30, 2022 | 20.62% |
| Jun 30, 2022 | 22.98% |
| Mar 31, 2022 | -1.01% |
| Dec 31, 2021 | 21.05% |
| Sep 30, 2021 | 5.99% |