3M (MMM) Tax Provisions (2009 - 2026)
3M's (MMM) quarterly Tax Provisions came in at $183.0 million in Q2 2026, down 25.31% year-over-year from $245.0 million in Q2 2025, and down 17.19% quarter-over-quarter from $221.0 million in Q1 2026.
Analysis
3M (MMM) Tax Provisions (2009 - 2026) Analysis & Trends
3M has disclosed Tax Provisions across 18 years of filings, most recently posting $183.0 million for Q2 2026.
- In Q2 2026, Tax Provisions fell 25.31% year-over-year to $183.0 million; the TTM figure through Jun 2026 stood at $897.0 million (up 0.67% YoY), while the FY2025 annual figure was $1.0 billion, up 24.75% from the prior year.
- Tax Provisions came in at $183.0 million for Q2 2026 at 3M, down from $221.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $348.0 million in Q3 2024 to a low of -$2.3 billion in Q2 2023.
- Average Tax Provisions over 5 years is -$22.4 million, with a median of $206.5 million recorded in 2023.
- Year-over-year, Tax Provisions slumped 9730.43% in 2023 and surged 460.61% in 2025.
- Over 5 years, Tax Provisions stood at -$362.0 million in 2022, then jumped by 107.18% to $26.0 million in 2023, then grew by 26.92% to $33.0 million in 2024, then surged by 460.61% to $185.0 million in 2025, then dropped by 1.08% to $183.0 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $183.0 million in Q2 2026, $221.0 million in Q1 2026, and $185.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 86.90 Bn | 83.63 Bn | 2.68 Bn | 183.00 Mn |
| 2 | Illinois Tool Works | 76.92 Bn | 76.08 Bn | 1.90 Bn | 265.00 Mn |
| 3 | Ametek | 54.50 Bn | 54.00 Bn | 735.04 Mn | 85.48 Mn |
| 4 | Rockwell Automation | 48.18 Bn | 47.71 Bn | 1.14 Bn | 62.00 Mn |
| 5 | Mettler Toledo International | 29.15 Bn | 29.09 Bn | 650.22 Mn | 56.50 Mn |
| 6 | Dover | 25.97 Bn | 24.22 Bn | 880.61 Mn | 75.15 Mn |
| 7 | Symbotic | 25.93 Bn | 24.61 Bn | 160.91 Mn | -1.15 Mn |
| 8 | Nordson | 17.73 Bn | 17.62 Bn | 453.73 Mn | 33.09 Mn |
| 9 | Fortive | 17.23 Bn | 16.86 Bn | 695.30 Mn | 22.20 Mn |
| 10 | RBC Bearings | 16.01 Bn | 15.88 Bn | 247.80 Mn | 28.70 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 |