3M (MMM) Tax Rate (2009 - 2026)
3M (MMM) posted Tax Rate of 15.63% for Q3 2026, down 11.22 percentage points from 26.85% a year earlier and down 0.71 percentage points from the prior quarter.
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Analysis
3M (MMM) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Tax Rate at 3M was 19.20%, down 0.99 percentage points year-over-year; for FY2025, it came in at 23.81%, up 7.12 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +4.13 percentage points (FY2020 to FY2025).
- In prior years, 3M's Tax Rate was 16.68% in FY2024, 4.47% in FY2022 (-13.37 pp) and 17.84% in FY2021 (-1.84 pp).
- The Q3 2026 figure stands as the lowest quarterly Tax Rate since Q4 2024.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +2.41 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2025, with a gain of 20.06 percentage points; the weakest was Q3 2022, with a drop of 11.88 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 16.34% (Q2 2026), 25.17% (Q1 2026) and 24.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 316.15 Bn | 287.84 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 181.56 Bn | 176.14 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 173.99 Bn | 142.08 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 142.35 Bn | 139.53 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 111.11 Bn | 109.23 Bn | 2.25 Bn | 18.51% |
| 6 | Emerson Electric | 90.49 Bn | 83.23 Bn | 2.66 Bn | 21.62% |
| 7 | 3M | 90.21 Bn | 71.66 Bn | 2.78 Bn | 15.63% |
| 8 | Illinois Tool Works | 79.13 Bn | 75.69 Bn | 1.90 Bn | 24.54% |
| 9 | Vertiv Holdings | 75.00 Bn | 65.62 Bn | 1.23 Bn | 19.71% |
| 10 | Cummins | 71.34 Bn | 67.41 Bn | 2.47 Bn | 25.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.63% |
| 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% |
| Mar 31, 2023 | 17.66% |
| Sep 30, 2022 | 6.56% |
| Mar 31, 2022 | 18.84% |
| Dec 31, 2021 | 14.51% |
| Sep 30, 2021 | 18.44% |
| Jun 30, 2021 | 21.41% |
| Mar 31, 2021 | 16.40% |
| Dec 31, 2020 | 18.54% |
API Access
3M Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();