Parker-Hannifin (PH) Tax Rate (2009 - 2026)
Parker-Hannifin (PH) posted quarterly Tax Rate of 19.21% for Q1 2026, up 1590.0% year-over-year from 1.14% in Q1 2025, and down 6.65% quarter-over-quarter from 20.58% in Q4 2025.
Parker-Hannifin (PH) Tax Rate (2009 - 2026) Analysis & Trends
Parker-Hannifin (PH) has reported Tax Rate for 18 consecutive years, with 19.21% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 1590.0% year-over-year to 19.21%; the TTM figure through Mar 2026 stood at 18.96% (up 334.0% YoY), while the FY2025 annual figure was 14.0%, down 686.0% from the prior year.
- Tax Rate eased to 19.21% in Q1 2026 per PH's latest filing, from 20.58% in the prior quarter.
- Across five years, Tax Rate topped out at 23.47% in Q4 2022 and bottomed at 9.09% in Q2 2022.
- Historically, Tax Rate has averaged 17.76% across 5 years, with a median of 20.58% in 2025.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 3217 bps — and 2023, when it soared 3056 bps.
- Parker-Hannifin's Tax Rate stood at 23.47% in 2022, then retreated by 9 bps to 21.44% in 2023, then dropped by 13 bps to 18.61% in 2024, then gained by 11 bps to 20.58% in 2025, then slipped by 7 bps to 19.21% in 2026.
- Business Quant data shows PH's Tax Rate at 19.21% in Q1 2026, 20.58% in Q4 2025, and 22.31% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 21.13% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 17.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.21% |
| Mar 31, 2026 | 19.21% |
| Mar 31, 2026 | 19.21% |
| Dec 31, 2025 | 20.58% |
| Dec 31, 2025 | 20.58% |
| Dec 31, 2025 | 20.58% |
| Sep 30, 2025 | 22.31% |
| Sep 30, 2025 | 22.31% |
| Sep 30, 2025 | 22.31% |
| Jun 30, 2025 | 13.82% |
| Jun 30, 2025 | 13.82% |
| Jun 30, 2025 | 13.82% |
| Mar 31, 2025 | 3.32% |
| Mar 31, 2025 | 3.32% |
| Mar 31, 2025 | 3.32% |
| Dec 31, 2024 | 18.61% |
| Dec 31, 2024 | 18.61% |
| Dec 31, 2024 | 18.61% |
| Sep 30, 2024 | 20.23% |
| Sep 30, 2024 | 20.23% |