Hormel Foods (HRL) Tax Rate (2009 - 2026)

Hormel Foods (HRL) has 18 years of Tax Rate data on file, last reported at 23.63% in Q2 2026.

• On a quarterly basis, Tax Rate rose 161.0% year-over-year to 23.63% in Q2 2026; TTM through Apr 2026 was 28.79%, a 706.0% increase from a year earlier, with the FY2025 full-year figure at 27.99%, up 570.0% from the prior year.
• Tax Rate for Q2 2026 stood at 23.63%, up from 22.42% in the prior quarter.
• Over the last five years, Tax Rate for HRL reached as high as 24.5% in Q3 2022 and fell as low as 159.88% in Q4 2025.
• Historically, Tax Rate has averaged 11.97% across 5 years, with a median of 22.06% in 2023.
• Across the five-year window, Tax Rate soared 1120 bps in 2022 and slumped 18133 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 21.67% in 2022, then fell by 6 bps to 20.47% in 2023, then gained by 5 bps to 21.45% in 2024, then slumped by 845 bps to 159.88% in 2025, then surged by 115 bps to 23.63% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 23.63% in Q2 2026, 22.42% in Q1 2026, and 159.88% in Q4 2025.