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

Hormel Foods has reported Tax Rate over the past 18 years, most recently at 22.42% for Q1 2026.

  • Quarterly Tax Rate rose 62.0% to 22.42% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 28.05% through Jan 2026, up 620.0% year-over-year, with the annual reading at 27.99% for FY2025, 570.0% up from the prior year.
  • Tax Rate was 22.42% for Q1 2026 at Hormel Foods, up from 159.88% in the prior quarter.
  • Over five years, Tax Rate peaked at 24.5% in Q3 2022 and troughed at 159.88% in Q4 2025.
  • The 5-year median for Tax Rate is 22.02% (2025), against an average of 11.29%.
  • Year-over-year, Tax Rate surged 1120bps in 2022 and then tumbled -18133bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 21.67% in 2022, then fell by -6bps to 20.47% in 2023, then grew by 5bps to 21.45% in 2024, then crashed by -845bps to 159.88% in 2025, then surged 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).