KPIs & Operating Metrics(New)
Growth Metrics

M (MHO) Tax Rate (2016 - 2025)

M (MHO) has disclosed Tax Rate for 16 consecutive years, with 20.6% as the latest value for Q4 2025.

  • On a quarterly basis, Tax Rate fell 114.0% to 20.6% in Q4 2025 year-over-year; TTM through Dec 2025 was 23.48%, a 32.0% increase, with the full-year FY2025 number at 23.48%, up 32.0% from a year prior.
  • Tax Rate was 20.6% for Q4 2025 at M, down from 23.82% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.88% in Q1 2022 to a low of 19.79% in Q4 2021.
  • A 5-year average of 22.93% and a median of 23.55% in 2023 define the central range for Tax Rate.
  • Peak YoY movement for Tax Rate: skyrocketed 314bps in 2023, then crashed -195bps in 2024.
  • M's Tax Rate stood at 19.79% in 2021, then grew by 4bps to 20.55% in 2022, then grew by 15bps to 23.69% in 2023, then fell by -8bps to 21.74% in 2024, then dropped by -5bps to 20.6% in 2025.
  • Per Business Quant, the three most recent readings for MHO's Tax Rate are 20.6% (Q4 2025), 23.82% (Q3 2025), and 24.27% (Q2 2025).