3M (MMM) Tax Rate (2009 - 2026)
3M's (MMM) quarterly Tax Rate came in at 16.34% in Q2 2026, down 1020.0% year-over-year from 1.78% in Q2 2025, and down 35.09% quarter-over-quarter from 25.17% in Q1 2026.
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3M (MMM) Tax Rate (2009 - 2026) Analysis & Trends
3M has disclosed Tax Rate across 18 years of filings, most recently posting 16.34% for Q2 2026.
- In Q2 2026, Tax Rate fell 1020.0% year-over-year to 16.34%; the TTM figure through Jun 2026 stood at 22.98% (up 437.0% YoY), while the FY2025 annual figure was 23.81%, up 712.0% from the prior year.
- Tax Rate came in at 16.34% for Q2 2026 at 3M, down from 25.17% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 26.85% in Q3 2025 to a low of 38.33% in Q2 2022.
- Average Tax Rate over 5 years is 15.56%, with a median of 19.68% recorded in 2024.
- Year-over-year, Tax Rate sank 5975 bps in 2022 and surged 6231 bps in 2023.
- Over 5 years, Tax Rate stood at 22.75% in 2022, then tumbled by 82 bps to 3.99% in 2023, then gained by 9 bps to 4.35% in 2024, then soared by 461 bps to 24.41% in 2025, then slumped by 33 bps to 16.34% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 16.34% in Q2 2026, 25.17% in Q1 2026, and 24.41% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn | 16.34% |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn | 24.54% |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn | 17.36% |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn | 13.19% |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn | 19.52% |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn | 19.38% |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn | 17.80% |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn | 12.37% |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn | 22.04% |
| 10 | Regal Rexnord | 10.42 Bn | 9.97 Bn | 611.60 Mn | 18.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.34% |
| Mar 31, 2026 | 25.17% |
| Dec 31, 2025 | 24.41% |
| Sep 30, 2025 | 26.85% |
| Jun 30, 2025 | 26.54% |
| Mar 31, 2025 | 19.13% |
| Dec 31, 2024 | 4.35% |
| Sep 30, 2024 | 20.22% |
| Jun 30, 2024 | 14.40% |
| Mar 31, 2024 | 23.68% |
| Dec 31, 2023 | 3.99% |
| Sep 30, 2023 | 23.53% |
| Jun 30, 2023 | 23.98% |
| Mar 31, 2023 | 17.66% |
| Dec 31, 2022 | 22.75% |
| Sep 30, 2022 | 6.56% |
| Jun 30, 2022 | -38.33% |
| Mar 31, 2022 | 18.84% |
| Dec 31, 2021 | 14.51% |
| Sep 30, 2021 | 18.44% |