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.

• Tax Rate for Q2 2026 came in at 23.63%, up 161.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 28.79% (up 706.0% YoY), and the FY2025 annual result was 27.99%, up 570.0% from the prior year.
• Tax Rate rose to 23.63% in Q2 2026 per HRL's latest filing, from 22.42% in the prior quarter.
• Over five years, Tax Rate peaked at 24.5% in Q3 2022 and troughed at 159.88% in Q4 2025.
• A 5-year average of 11.97% and a median of 22.06% in 2023 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2022 and 2025: Tax Rate surged 1120 bps in 2022, then plunged 18133 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 21.67% in 2022, then slipped by 6 bps to 20.47% in 2023, then grew by 5 bps to 21.45% in 2024, then sank by 845 bps to 159.88% in 2025, then surged by 115 bps to 23.63% in 2026.
• Business Quant data shows HRL's Tax Rate at 23.63% in Q2 2026, 22.42% in Q1 2026, and 159.88% in Q4 2025.