3M (MMM) Tax Rate (2009 - 2026)

3M has disclosed Tax Rate across 18 years of filings, most recently posting 25.17% for Q1 2026.

• Tax Rate for Q1 2026 came in at 25.17%, up 604.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.88% (up 978.0% YoY), and the FY2025 annual result was 23.81%, up 712.0% from the prior year.
• Tax Rate came in at 25.17% for Q1 2026 at 3M, up from 24.41% 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.
• The 5-year median for Tax Rate is 20.22% (2024), against an average of 15.51%.
• Across the five-year window, Tax Rate slumped 5975 bps in 2022 and jumped 6231 bps in 2023, its largest moves.
• 3M's Tax Rate stood at 22.75% in 2022, then sank 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 gained by 3 bps to 25.17% in 2026.
• The last three Tax Rate figures came in at 25.17% (Q1 2026), 24.41% (Q4 2025), and 26.85% (Q3 2025), per Business Quant data.