3M (MMM) Tax Provisions (2009 - 2026)
3M (MMM) recorded Tax Provisions of $261 million in Q3 2026, down 15.3% from $308 million a year earlier but up 42.6% 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 $850 million as of Sep 30, 2026, down 0.1% 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%).
- Quarterly Tax Provisions has ranged from -$2.26 billion in Q2 2023 to $348 million in Q3 2024 over the past five years.
- On a year-over-year basis, Tax Provisions has declined for three consecutive quarters, with growth averaging 57.5% over the last eight quarters.
- 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 $183 million (Q2 2026), $221 million (Q1 2026) and $185 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 968.00 Mn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 774.50 Mn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 529.00 Mn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 291.00 Mn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 253.00 Mn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 261.00 Mn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 198.00 Mn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 276.00 Mn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 230.30 Mn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 223.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 261.00 Mn |
| 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 |
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();