3M (MMM) Tax Rate (2009 - 2026)
3M recorded quarterly Tax Rate of 25.17% in Q1 2026, up 3.13% quarter-over-quarter from 24.41% in Q4 2025, and up 604.0% year-over-year from 3.58% in Q1 2025.
3M's Tax Rate history runs 18 years deep, the most recent figure standing at 25.17% for Q1 2026.
- In Q1 2026, Tax Rate rose 604.0% year-over-year to 25.17%; the TTM figure through Mar 2026 stood at 25.88% (up 978.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 15.51% and a median of 20.22% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 5975 bps in 2022 and surged 6231 bps in 2023, its largest moves.
- 3M's Tax Rate stood at 22.75% in 2022, then plunged by 82 bps to 3.99% in 2023, then advanced by 9 bps to 4.35% in 2024, then jumped by 461 bps to 24.41% in 2025, then advanced by 3 bps to 25.17% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 25.17%, 24.41%, and 26.85% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Honeywell International | 149.73 Bn | 138.42 Bn | 3.54 Bn | 10.27 |
| 2 | 3M | 79.89 Bn | 75.79 Bn | 2.46 Bn | 25.17 |
| 3 | Valmont Industries | 10.28 Bn | 10.12 Bn | 316.88 Mn | 14.78 |
| 4 | Seaboard | 5.00 Bn | 3.86 Bn | 217.00 Mn | 16.08 |
| 5 | Otter Tail | 3.50 Bn | 3.10 Bn | 239.49 Mn | 6.29 |
| 6 | Tetra Technologies | 1.39 Bn | 1.39 Bn | 38.23 Mn | 28.22 |
| 7 | Deluxe | 1.11 Bn | 1.08 Bn | 279.40 Mn | 23.18 |
| 8 | Matthews International | 838.50 Mn | 802.41 Mn | 101.98 Mn | 22.16 |
| 9 | Compass Diversified Holdings | 825.34 Mn | 892.99 Mn | 189.36 Mn | -29.72 |
| 10 | Falcon's Beyond Global | 575.98 Mn | 586.01 Mn | - | 0.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.17 |
| Mar 31, 2026 | 25.17 |
| Dec 31, 2025 | 24.41 |
| Dec 31, 2025 | 24.41 |
| Sep 30, 2025 | 26.85 |
| Sep 30, 2025 | 26.85 |
| Jun 30, 2025 | 26.54 |
| Jun 30, 2025 | 26.54 |
| Mar 31, 2025 | 19.13 |
| Mar 31, 2025 | 19.13 |
| Dec 31, 2024 | 4.35 |
| Dec 31, 2024 | 4.35 |
| Sep 30, 2024 | 20.22 |
| Sep 30, 2024 | 20.22 |
| Jun 30, 2024 | 14.40 |
| Jun 30, 2024 | 14.40 |
| Mar 31, 2024 | 23.68 |
| Mar 31, 2024 | 23.68 |
| Dec 31, 2023 | 3.99 |
| Dec 31, 2023 | 3.99 |
| Sep 30, 2023 | 23.53 |
| Sep 30, 2023 | 23.53 |
| Jun 30, 2023 | 23.98 |
| Jun 30, 2023 | 23.98 |
| Mar 31, 2023 | 17.66 |
| Mar 31, 2023 | 17.66 |
| Dec 31, 2022 | 22.75 |
| Dec 31, 2022 | 22.75 |
| Sep 30, 2022 | 6.56 |
| Sep 30, 2022 | 6.56 |
| Jun 30, 2022 | -38.33 |
| Jun 30, 2022 | -38.33 |
| Mar 31, 2022 | 18.84 |
| Mar 31, 2022 | 18.84 |
| Dec 31, 2021 | 14.51 |
| Dec 31, 2021 | 14.51 |
| Sep 30, 2021 | 18.44 |
| Sep 30, 2021 | 18.44 |
| Jun 30, 2021 | 21.41 |
| Jun 30, 2021 | 21.41 |
| Mar 31, 2021 | 16.40 |
| Mar 31, 2021 | 16.40 |
| Dec 31, 2020 | 18.54 |
| Dec 31, 2020 | 18.54 |
| Sep 30, 2020 | 21.41 |
| Sep 30, 2020 | 21.41 |
| Jun 30, 2020 | 21.03 |
| Jun 30, 2020 | 21.03 |
| Mar 31, 2020 | 17.51 |
| Mar 31, 2020 | 17.51 |
| Dec 31, 2019 | 19.77 |
| Dec 31, 2019 | 19.77 |
| Sep 30, 2019 | 19.23 |
| Sep 30, 2019 | 19.23 |
| Jun 30, 2019 | 21.78 |
| Jun 30, 2019 | 21.78 |
| Mar 31, 2019 | 17.92 |
| Mar 31, 2019 | 17.92 |
| Dec 31, 2018 | 21.57 |
| Dec 31, 2018 | 21.57 |
| Sep 30, 2018 | 21.32 |
| Sep 30, 2018 | 21.32 |
| Jun 30, 2018 | 20.77 |
| Jun 30, 2018 | 20.77 |
| Mar 31, 2018 | 37.20 |
| Mar 31, 2018 | 37.20 |
| Dec 31, 2017 | 46.90 |
| Dec 31, 2017 | 46.90 |
| Sep 30, 2017 | 28.24 |
| Sep 30, 2017 | 28.24 |
| Jun 30, 2017 | 26.00 |
| Jun 30, 2017 | 26.00 |
| Mar 31, 2017 | 23.66 |
| Mar 31, 2017 | 23.66 |
| Dec 31, 2016 | 53.19 |
| Dec 31, 2016 | 53.19 |
| Sep 30, 2016 | 28.52 |
| Sep 30, 2016 | 28.52 |
| Jun 30, 2016 | 29.54 |
| Jun 30, 2016 | 29.54 |
| Mar 31, 2016 | 26.80 |
| Mar 31, 2016 | 26.80 |
| Dec 31, 2015 | 49.63 |
| Dec 31, 2015 | 49.63 |
| Sep 30, 2015 | 29.65 |
| Sep 30, 2015 | 29.65 |
| Jun 30, 2015 | 28.09 |
| Jun 30, 2015 | 28.09 |
| Mar 31, 2015 | 29.48 |
| Mar 31, 2015 | 29.48 |
| Dec 31, 2014 | -28.45 |
| Dec 31, 2014 | -28.45 |
| Sep 30, 2014 | 30.27 |
| Sep 30, 2014 | 30.27 |
| Jun 30, 2014 | 29.51 |
| Jun 30, 2014 | 29.51 |
| Mar 31, 2014 | 27.43 |
| Mar 31, 2014 | 27.43 |
| Dec 31, 2013 | -27.02 |
| Dec 31, 2013 | -27.02 |
| Sep 30, 2013 | 27.45 |
| Sep 30, 2013 | 27.45 |
| Jun 30, 2013 | 27.41 |
| Jun 30, 2013 | 27.41 |
| Mar 31, 2013 | 29.07 |
| Mar 31, 2013 | 29.07 |
| Dec 31, 2012 | 34.63 |
| Dec 31, 2012 | 34.63 |
| Sep 30, 2012 | 28.22 |
| Sep 30, 2012 | 28.22 |
| Jun 30, 2012 | 30.03 |
| Jun 30, 2012 | 30.03 |
| Mar 31, 2012 | 28.82 |
| Mar 31, 2012 | 28.82 |
| Dec 31, 2011 | -16.24 |
| Dec 31, 2011 | -16.24 |
| Sep 30, 2011 | 28.52 |
| Sep 30, 2011 | 28.52 |
| Jun 30, 2011 | 27.08 |
| Jun 30, 2011 | 27.08 |
| Mar 31, 2011 | 28.61 |
| Mar 31, 2011 | 28.61 |
| Dec 31, 2010 | 31.46 |
| Dec 31, 2010 | 31.46 |
| Sep 30, 2010 | 26.76 |
| Sep 30, 2010 | 26.76 |
| Jun 30, 2010 | 26.64 |
| Jun 30, 2010 | 26.64 |
| Mar 31, 2010 | 31.93 |
| Mar 31, 2010 | 31.93 |
| Dec 31, 2009 | -34.95 |
| Dec 31, 2009 | -34.95 |
| Sep 30, 2009 | 32.15 |
| Sep 30, 2009 | 32.15 |
| Jun 30, 2009 | 30.71 |
| Jun 30, 2009 | 30.71 |
| Mar 31, 2009 | 30.17 |
| Mar 31, 2009 | 30.17 |