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

3M (MMM) has 18 years of Tax Rate data on file, last reported at 16.34% in Q2 2026.

• For the quarter ending Q2 2026, Tax Rate fell 1020.0% year-over-year to 16.34%; the trailing twelve-month figure through Jun 2026 stood at 22.98% (up 437.0% YoY), and the FY2025 full-year result was 23.81%, up 712.0% from the prior year.
• Tax Rate eased to 16.34% in Q2 2026, 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.
• A 5-year average of 15.56% and a median of 19.68% in 2024 frame the typical range for Tax Rate.
• Across the five-year window, Tax Rate plunged 5975 bps in 2022 and jumped 6231 bps in 2023, its largest moves.
• Tracing MMM's Tax Rate over 5 years: stood at 22.75% in 2022, then slumped by 82 bps to 3.99% in 2023, then rose by 9 bps to 4.35% in 2024, then surged by 461 bps to 24.41% in 2025, then sank by 33 bps to 16.34% in 2026.
• Business Quant data shows MMM's Tax Rate at 16.34% in Q2 2026, 25.17% in Q1 2026, and 24.41% in Q4 2025.