Solventum (SOLV) Tax Rate (2023 - 2026)

Solventum (SOLV) reported Tax Rate of 18.75% for Q1 2026, up 27928.0% on a YoY basis from N/an in Q1 2025, and up 317.5% quarter-over-quarter from 8.62% in Q4 2025.

Solventum (SOLV) Tax Rate (2023 - 2026) Analysis & Trends

Solventum has reported Tax Rate for 4 years, with the latest figure at 18.75% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 27928.0% year-over-year to 18.75%; the trailing twelve-month figure through Mar 2026 stood at 15.32% (up 3570.0% YoY), and the FY2025 full-year result was 9.17%, down 1183.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 18.75%, up from 8.62% in the prior quarter.
  • The five-year high for Tax Rate was 30.43% in Q4 2023, with the low at 260.53% in Q1 2025.
  • Historically, Tax Rate has averaged 16.15% across 4 years, with a median of 16.38% in 2025.
  • Annual changes were most pronounced in 2025 — Tax Rate tumbled 28849 bps — and 2026, when it soared 27928 bps.
  • Solventum's Tax Rate stood at 30.43% in 2023, then slumped by 530 bps to 130.77% in 2024, then jumped by 93 bps to 8.62% in 2025, then jumped by 317 bps to 18.75% in 2026.
  • The last three Tax Rate figures came in at 18.75% (Q1 2026), 8.62% (Q4 2025), and 16.38% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 12.17%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 194.87%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 17.87%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 20.62%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 24.82%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 18.75%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn -60.95%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 24.26%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn -183.33%
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 22.40%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.75%
Mar 31, 2026 18.75%
Dec 31, 2025 -8.62%
Dec 31, 2025 -8.62%
Sep 30, 2025 16.38%
Sep 30, 2025 16.38%
Jun 30, 2025 12.62%
Jun 30, 2025 12.62%
Mar 31, 2025 -260.53%
Mar 31, 2025 -260.53%
Dec 31, 2024 -130.77%
Dec 31, 2024 -130.77%
Sep 30, 2024 26.95%
Sep 30, 2024 26.95%
Jun 30, 2024 7.29%
Jun 30, 2024 7.29%
Mar 31, 2024 27.96%
Mar 31, 2024 27.96%
Dec 31, 2023 30.43%
Dec 31, 2023 30.43%