Hormel Foods (HRL) Tax Rate (2009 - 2026)
Hormel Foods (HRL) reported Tax Rate of 42.30% for fiscal Q3 2026 (quarter ended Jul 26, 2026), up 19.97 percentage points from 22.33% a year earlier and up 18.68 percentage points from the prior quarter.
Hormel Foods (HRL) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 26, 2026, Hormel Foods' Tax Rate came in at 34.38%, up 12.50 percentage points year-over-year; for FY2025 (ended Oct 26, 2025), it came in at 27.99%, up 5.70 percentage points from FY2024.
- Tax Rate has increased for five consecutive fiscal years, with a five-year change of +9.47 percentage points (FY2020 to FY2025).
- By fiscal year, Tax Rate came in at 22.29% in FY2024 (+0.53 pp), 21.76% in FY2023 (+0.02 pp), 21.74% in FY2022 (+2.47 pp) and 19.27% in FY2021 (+0.76 pp).
- The fiscal Q3 2026 figure ranks as the highest quarterly Tax Rate in data going back to fiscal Q3 2009.
- Year over year, Tax Rate has now increased in each of the last three quarters, with an average year-over-year change of -19.95 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was fiscal Q3 2026 (a gain of 19.97 percentage points); the low point was fiscal Q4 2025 (a drop of 181.33 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 23.63% (Q2 2026), 22.42% (Q1 2026) and -159.88% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 130.23 Bn | 105.59 Bn | - | - |
| 2 | Mondelez International | 74.27 Bn | 67.59 Bn | 3.99 Bn | 19.17% |
| 3 | Hershey | 32.39 Bn | 28.63 Bn | 1.26 Bn | 22.20% |
| 4 | Kraft Heinz | 26.34 Bn | 12.87 Bn | 2.03 Bn | - |
| 5 | General Mills | 17.12 Bn | 14.77 Bn | 1.49 Bn | 24.46% |
| 6 | J M Smucker | 12.52 Bn | 12.30 Bn | 979.60 Mn | 24.21% |
| 7 | Mccormick | 12.03 Bn | 11.67 Bn | 794.90 Mn | 32.30% |
| 8 | Hormel Foods | 11.14 Bn | 7.83 Bn | 471.52 Mn | 42.30% |
| 9 | Chewy | 7.29 Bn | 4.58 Bn | 1.01 Bn | 28.06% |
| 10 | Conagra Brands | 6.38 Bn | 5.69 Bn | 618.70 Mn | 25.16% |
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 42.30% |
| Apr 26, 2026 | 23.63% |
| Jan 25, 2026 | 22.42% |
| 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% |
| Jul 25, 2021 | 13.30% |
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();