Solventum (SOLV) Tax Rate (2023 - 2026)
Solventum's Tax Rate was 13.89% in Q2 2026, up 1.27 percentage points from 12.62% a year earlier but down 4.86 percentage points from the prior quarter.
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Analysis
Solventum (SOLV) Tax Rate (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Solventum's Tax Rate was 15.39% through Jun 30, 2026, up 33.46 percentage points year-over-year; for FY2025, it came in at 9.17%, down 11.83 percentage points from FY2024.
- Tax Rate shows a three-year change of -11.46 percentage points (FY2022 to FY2025).
- In earlier years, Tax Rate was 20.99% in FY2024 (+1.74 pp), 19.26% in FY2023 (-1.37 pp) and 20.63% in FY2022.
- Quarterly Tax Rate has moved between -260.53% (Q1 2025) and 30.43% (Q4 2023) over five years.
- Compared with a year earlier, Tax Rate has increased for three straight quarters, with an average year-over-year change of -4.16 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q1 2026 (a gain of 279.28 percentage points); the worst was Q1 2025 (a drop of 288.49 percentage points).
- Per Business Quant data, SOLV's Tax Rate in the three quarters before Q2 2026 was 18.75% (Q1 2026), -8.62% (Q4 2025) and 16.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.79 Bn | 234.30 Bn | 5.13 Bn | 16.86% |
| 2 | Abbott Laboratories | 190.83 Bn | 164.70 Bn | 7.39 Bn | 25.26% |
| 3 | Danaher | 162.10 Bn | 141.75 Bn | 3.84 Bn | - |
| 4 | Intuitive Surgical | 158.05 Bn | 138.34 Bn | 2.08 Bn | 21.54% |
| 5 | Medtronic | 130.31 Bn | 95.56 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 124.76 Bn | 110.95 Bn | 4.25 Bn | 24.47% |
| 7 | Boston Scientific | 62.03 Bn | 57.46 Bn | 3.43 Bn | 20.87% |
| 8 | Edwards Lifesciences | 58.73 Bn | 41.94 Bn | 1.35 Bn | 17.02% |
| 9 | Becton Dickinson | 58.33 Bn | 55.48 Bn | 2.32 Bn | 18.41% |
| 10 | Solventum | 15.43 Bn | 13.14 Bn | 1.06 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.89% |
| Mar 31, 2026 | 18.75% |
| Sep 30, 2025 | 16.38% |
| Jun 30, 2025 | 12.62% |
| Sep 30, 2024 | 26.95% |
| Jun 30, 2024 | 7.29% |
| Mar 31, 2024 | 27.96% |
| Dec 31, 2023 | 30.43% |
| Sep 30, 2023 | 8.00% |
| Jun 30, 2023 | 22.28% |
| Mar 31, 2023 | 19.28% |
API Access
Solventum 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=SOLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SOLV", "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=SOLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();