3M (MMM) Tax Provisions (2009 - 2026)
3M (MMM) recorded Tax Provisions of $183 million in Q2 2026, down 25.3% from $245 million a year earlier and down 17.2% from the prior quarter.
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Analysis
3M (MMM) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, 3M's Tax Provisions came in at $897 million as of Jun 30, 2026, up 0.7% year-over-year; for FY2025, it was $1 billion, up 24.8% from FY2024.
- Annual Tax Provisions has a five-year compound annual growth rate of -5.6% (FY2020 to FY2025).
- Across earlier years, Tax Provisions came in at $804 million in FY2024, -$2.87 billion in FY2023, $188 million in FY2022 (-85.4%) and $1.29 billion in FY2021 (-3.9%).
- The Q2 2026 figure is the lowest quarterly Tax Provisions since Q4 2024.
- On a year-over-year basis, Tax Provisions rose in four of the last seven quarters, with growth averaging 67.9%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 460.6% in Q4 2025, against a decline of 30.5% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $221 million (Q1 2026), $185 million (Q4 2025) and $308 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 1.06 Bn |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 604.30 Mn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 529.00 Mn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 321.00 Mn |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 248.00 Mn |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 122.20 Mn |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 198.00 Mn |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 183.00 Mn |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 265.00 Mn |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 325.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 183.00 Mn |
| Mar 31, 2026 | 221.00 Mn |
| Dec 31, 2025 | 185.00 Mn |
| Sep 30, 2025 | 308.00 Mn |
| Jun 30, 2025 | 245.00 Mn |
| Mar 31, 2025 | 265.00 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Sep 30, 2024 | 348.00 Mn |
| Jun 30, 2024 | 203.00 Mn |
| Mar 31, 2024 | 220.00 Mn |
| Dec 31, 2023 | 26.00 Mn |
| Sep 30, 2023 | -777.00 Mn |
| Jun 30, 2023 | -2.26 Bn |
| Mar 31, 2023 | 210.00 Mn |
| Dec 31, 2022 | -362.00 Mn |
| Sep 30, 2022 | 271.00 Mn |
| Jun 30, 2022 | -23.00 Mn |
| Mar 31, 2022 | 302.00 Mn |
| Dec 31, 2021 | 227.00 Mn |
| Sep 30, 2021 | 324.00 Mn |
API Access
3M Tax Provisions 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-provisions&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();