Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026)
Lincoln Electric Holdings (LECO) reported Tax Rate of 27.84% for Q3 2026, up 1.71 percentage points from 26.13% a year earlier and up 4.09 percentage points from the prior quarter.
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Analysis
Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Lincoln Electric Holdings' Tax Rate came in at 23.70%, up 2.04 percentage points year-over-year; for FY2025, it came in at 22.94%, up 1.39 percentage points from FY2024.
- Tax Rate has increased for four consecutive years, with a five-year change of +1.01 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 21.55% in FY2024 (+0.93 pp), 20.62% in FY2023 (+0.27 pp), 20.34% in FY2022 (+5.45 pp) and 14.90% in FY2021 (-7.03 pp).
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q4 2017.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +0.29 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2025 (a gain of 5.16 percentage points); the low point was Q4 2024 (a drop of 4.44 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.75% (Q2 2026), 21.33% (Q1 2026) and 21.22% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 22.94% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 27.38% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 21.24% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 22.25% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 15.63% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 25.27% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 24.40% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 23.15% |
| 10 | Lincoln Electric Holdings | 15.40 Bn | 14.27 Bn | 425.03 Mn | 27.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.84% |
| Jun 30, 2026 | 23.75% |
| Mar 31, 2026 | 21.33% |
| Dec 31, 2025 | 21.22% |
| Sep 30, 2025 | 26.13% |
| Jun 30, 2025 | 21.88% |
| Mar 31, 2025 | 22.68% |
| Dec 31, 2024 | 16.06% |
| Sep 30, 2024 | 23.64% |
| Jun 30, 2024 | 25.56% |
| Mar 31, 2024 | 22.15% |
| Dec 31, 2023 | 20.50% |
| Sep 30, 2023 | 19.88% |
| Jun 30, 2023 | 20.65% |
| Mar 31, 2023 | 21.51% |
| Dec 31, 2022 | 19.60% |
| Sep 30, 2022 | 20.56% |
| Jun 30, 2022 | 20.08% |
| Mar 31, 2022 | 21.05% |
| Sep 30, 2021 | 17.33% |
API Access
Lincoln Electric Holdings 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=LECO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "LECO", "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=LECO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();