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

3M (MMM) posted Tax Rate of 16.34% for Q2 2026, down 35.09% sequentially from 25.17% in Q1 2026, and down 1020.0% YoY from 1.78% in Q2 2025.

3M (MMM) Tax Rate (2009 - 2026) Analysis & Trends

3M has reported Tax Rate for 18 years, with the latest figure at 16.34% in Q2 2026.

Quarterly Tax Rate fell 1020.0% year-over-year to 16.34% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.98% (up 437.0% YoY) and the FY2025 annual result came in at 23.81%, up 712.0% from the prior year.
Tax Rate eased to 16.34% in Q2 2026 per MMM's latest filing, from 25.17% in the prior quarter.
Over five years, Tax Rate peaked at 26.85% in Q3 2025 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 5975 bps in 2022, then soared 6231 bps in 2023.
Over 5 years, Tax Rate stood at 22.75% in 2022, then sank by 82 bps to 3.99% in 2023, then climbed by 9 bps to 4.35% in 2024, then surged by 461 bps to 24.41% in 2025, then plunged by 33 bps to 16.34% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 16.34%, 25.17%, and 24.41% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	3M	92.96 Bn	89.63 Bn	2.68 Bn	16.34%
2	Honeywell International	68.49 Bn	59.29 Bn	3.65 Bn	20.96%
3	Valmont Industries	9.42 Bn	9.28 Bn	340.82 Mn	25.84%
4	Brookfield Business	5.92 Bn	1.16 Bn	1.27 Bn	-210.00%
5	Pampa Energy	4.32 Bn	4.31 Bn	372,128.00	-27.44%
6	Seaboard	4.08 Bn	2.87 Bn	221.00 Mn	25.24%
7	Otter Tail	3.82 Bn	3.47 Bn	216.33 Mn	73.70%
8	Deluxe	1.08 Bn	1.05 Bn	259.60 Mn	36.21%
9	Tetra Technologies	1.00 Bn	845.50 Mn	45.71 Mn	35.43%
10	Compass Diversified Holdings	768.00 Mn	707.26 Mn	189.36 Mn	-29.72%

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