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Hormel Foods (HRL) Tax Rate (2016 - 2026)

Hormel Foods (HRL) has disclosed Tax Rate for 18 consecutive years, with 22.42% as the latest value for Q1 2026.

  • On a quarterly basis, Tax Rate rose 62.0% to 22.42% in Q1 2026 year-over-year; TTM through Jan 2026 was 28.05%, a 620.0% increase, with the full-year FY2025 number at 27.99%, up 570.0% from a year prior.
  • Tax Rate was 22.42% for Q1 2026 at Hormel Foods, up from 159.88% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.5% in Q3 2022 to a low of 159.88% in Q4 2025.
  • A 5-year average of 11.29% and a median of 22.02% in 2025 define the central range for Tax Rate.
  • Peak YoY movement for Tax Rate: surged 1120bps in 2022, then tumbled -18133bps in 2025.
  • Hormel Foods' Tax Rate stood at 21.67% in 2022, then dropped by -6bps to 20.47% in 2023, then increased by 5bps to 21.45% in 2024, then plummeted by -845bps to 159.88% in 2025, then soared by 114bps to 22.42% in 2026.
  • Per Business Quant, the three most recent readings for HRL's Tax Rate are 22.42% (Q1 2026), 159.88% (Q4 2025), and 22.33% (Q3 2025).