Hormel Foods (HRL) Tax Rate (2009 - 2026)
Hormel Foods' (HRL) quarterly Tax Rate came in at 42.3% in Q3 2026, up 1997.0% year-over-year from 2.02% in Q3 2025, and up 79.05% quarter-over-quarter from 23.63% in Q2 2026.
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Analysis
Hormel Foods (HRL) Tax Rate (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Tax Rate for 18 consecutive years, with 42.3% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Tax Rate rose 1997.0% year-over-year to 42.3% in Q3 2026; TTM through Jul 2026 was 34.38%, a 1250.0% increase from a year earlier, with the FY2025 full-year figure at 27.99%, up 570.0% from the prior year.
- Tax Rate was 42.3% for Q3 2026 at Hormel Foods, up from 23.63% in the prior quarter.
- Over five years, Tax Rate peaked at 42.3% in Q3 2026 and troughed at 159.88% in Q4 2025.
- A 5-year average of 13.57% and a median of 22.1% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 18133 bps in 2025 and jumped 1997 bps in 2026, its largest moves.
- Over 5 years, Tax Rate stood at 21.67% in 2022, then decreased by 6 bps to 20.47% in 2023, then climbed by 5 bps to 21.45% in 2024, then slumped by 845 bps to 159.88% in 2025, then soared by 126 bps to 42.3% in 2026.
- The last three Tax Rate figures came in at 42.3% (Q3 2026), 23.63% (Q2 2026), and 22.42% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 137.23 Bn | 132.65 Bn | - | - |
| 2 | Kraft Heinz | 28.45 Bn | 25.88 Bn | 2.03 Bn | 14.37% |
| 3 | General Mills | 18.94 Bn | 18.49 Bn | 1.60 Bn | 10.77% |
| 4 | Mccormick | 13.30 Bn | 13.55 Bn | 778.20 Mn | 28.84% |
| 5 | J M Smucker | 12.94 Bn | 12.90 Bn | 979.60 Mn | 24.21% |
| 6 | Hormel Foods | 11.19 Bn | 10.34 Bn | 471.52 Mn | 42.30% |
| 7 | Chewy | 7.89 Bn | 7.28 Bn | 1.01 Bn | 28.06% |
| 8 | Conagra Brands | 7.08 Bn | 6.86 Bn | 704.10 Mn | 30.73% |
| 9 | Lamb Weston Holdings | 6.38 Bn | 6.31 Bn | 361.40 Mn | 11.46% |
| 10 | Campbell'S | 6.03 Bn | 5.63 Bn | 650.00 Mn | 22.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 42.30% |
| Apr 26, 2026 | 23.63% |
| Jan 25, 2026 | 22.42% |
| Oct 26, 2025 | -159.88% |
| Jul 27, 2025 | 22.33% |
| Apr 27, 2025 | 22.02% |
| Jan 26, 2025 | 21.80% |
| Oct 27, 2024 | 21.45% |
| Jul 28, 2024 | 21.70% |
| Apr 28, 2024 | 22.50% |
| Jan 28, 2024 | 23.40% |
| Oct 29, 2023 | 20.47% |
| Jul 30, 2023 | 21.70% |
| Apr 30, 2023 | 22.10% |
| Jan 29, 2023 | 22.60% |
| Oct 30, 2022 | 21.67% |
| Jul 31, 2022 | 24.50% |
| May 1, 2022 | 18.70% |
| Jan 30, 2022 | 22.40% |
| Oct 31, 2021 | 20.01% |
API Access
Hormel Foods Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=HRL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HRL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=HRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();