Marathon Petroleum (MPC) Tax Rate (2010 - 2026)
Marathon Petroleum (MPC) posted Tax Rate of 17.7% for Q1 2026, up 11.85% sequentially from 15.82% in Q4 2025, and up 804.0% YoY from 1.96% in Q1 2025.
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Analysis
Marathon Petroleum (MPC) Tax Rate (2010 - 2026) Analysis & Trends
Marathon Petroleum has reported Tax Rate for 17 years, with the latest figure at 17.7% in Q1 2026.
- Quarterly Tax Rate rose 804.0% year-over-year to 17.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.74% (up 335.0% YoY) and the FY2025 annual result came in at 16.21%, up 127.0% from the prior year.
- Tax Rate grew to 17.7% in Q1 2026 per MPC's latest filing, from 15.82% in the prior quarter.
- Over five years, Tax Rate peaked at 22.44% in Q2 2022 and troughed at 9.66% in Q1 2025.
- A 5-year average of 17.49% and a median of 18.26% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2024: Tax Rate jumped 4439 bps in 2022, then plunged 1156 bps in 2024.
- Over 5 years, Tax Rate stood at 21.61% in 2022, then decreased by 18 bps to 17.82% in 2023, then plunged by 30 bps to 12.39% in 2024, then grew by 28 bps to 15.82% in 2025, then increased by 12 bps to 17.7% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 17.7%, 15.82%, and 19.14% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.01 Bn | 104.24 Bn | 9.27 Bn | 20.68% |
| 2 | Valero Energy | 107.72 Bn | 99.85 Bn | 5.47 Bn | 21.17% |
| 3 | Phillips 66 | 102.68 Bn | 98.59 Bn | 8.38 Bn | 21.97% |
| 4 | HF Sinclair | 19.04 Bn | 16.78 Bn | 1.57 Bn | 23.81% |
| 5 | Sunoco | 10.45 Bn | 9.67 Bn | 1.46 Bn | 21.82% |
| 6 | PBF Energy | 8.96 Bn | 8.06 Bn | 1.15 Bn | 25.56% |
| 7 | Ultrapar Holdings | 7.64 Bn | 5.53 Bn | 912.61 Mn | 26.90% |
| 8 | Icahn Enterprises | 4.53 Bn | 2.56 Bn | 198.00 Mn | -0.52% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 18.84% |
| 10 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.68% |
| Mar 31, 2026 | 17.70% |
| Dec 31, 2025 | 15.82% |
| Sep 30, 2025 | 19.14% |
| Jun 30, 2025 | 14.27% |
| Mar 31, 2025 | 9.66% |
| Dec 31, 2024 | 12.39% |
| Sep 30, 2024 | 10.02% |
| Jun 30, 2024 | 16.02% |
| Mar 31, 2024 | 18.26% |
| Dec 31, 2023 | 17.82% |
| Sep 30, 2023 | 21.66% |
| Jun 30, 2023 | 18.43% |
| Mar 31, 2023 | 21.06% |
| Dec 31, 2022 | 21.61% |
| Sep 30, 2022 | 22.12% |
| Jun 30, 2022 | 22.46% |
| Mar 31, 2022 | 19.39% |
| Dec 31, 2021 | 18.03% |
| Sep 30, 2021 | -1.78% |