3M (MMM) Deferred Taxes (2009 - 2026)
3M's Deferred Taxes was $45 million in Q2 2026, down 32.8% from $67 million a year earlier and down 40.0% from the prior quarter.
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Analysis
3M (MMM) Deferred Taxes (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, 3M's Deferred Taxes was $321 million through Jun 30, 2026, down 24.1% year-over-year; for FY2025, it came in at $418 million, up 30.2% from FY2024.
- In earlier years, Deferred Taxes was $321 million in FY2024, -$3.86 billion in FY2023, -$663 million in FY2022 and -$166 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Deferred Taxes since Q4 2024.
- Compared with a year earlier, Deferred Taxes was higher in two of the last five quarters, with growth averaging 39.1%.
- Per Business Quant data, MMM's Deferred Taxes in the three quarters before Q2 2026 was $75 million (Q1 2026), $120 million (Q4 2025) and $81 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 110.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 114.30 Mn |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 7.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | -98.00 Mn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 3.00 Mn |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 2.10 Mn |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | - |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 45.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | -6.00 Mn |
| 10 | Cummins | 71.32 Bn | 68.45 Bn | 2.47 Bn | 27.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.00 Mn |
| Mar 31, 2026 | 75.00 Mn |
| Dec 31, 2025 | 120.00 Mn |
| Sep 30, 2025 | 81.00 Mn |
| Jun 30, 2025 | 67.00 Mn |
| Mar 31, 2025 | 150.00 Mn |
| Dec 31, 2024 | 28.00 Mn |
| Sep 30, 2024 | 178.00 Mn |
| Jun 30, 2024 | -29.00 Mn |
| Mar 31, 2024 | 144.00 Mn |
| Dec 31, 2023 | -387.00 Mn |
| Sep 30, 2023 | -921.00 Mn |
| Jun 30, 2023 | -2.45 Bn |
| Mar 31, 2023 | -93.00 Mn |
| Dec 31, 2022 | -168.00 Mn |
| Sep 30, 2022 | -44.00 Mn |
| Jun 30, 2022 | -402.00 Mn |
| Mar 31, 2022 | -49.00 Mn |
| Dec 31, 2021 | -11.00 Mn |
| Sep 30, 2021 | -246.00 Mn |
API Access
3M Deferred Taxes 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=deferred-taxes&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();