Skip to content
AnalystLens
Back to CMIIncome Statement

CUMMINS INC Income Tax Expense 2007-2026 | CMI

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$1.01B

+20.5%YoY vs FY2024Source: 10-KFY2025

From $381.0M in FY2007 to $1.01B in FY2025: 2.6× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$254M−4.9%Not reportedNot reportedNot reported
FY25$267M+38.3%$297M+32.0%$271M+35.5%$171M−21.2%
FY24$193M−13.5%$225M+6.1%$200M+6.4%$217M+33.1%
FY23$223M+43.9%$212M+43.2%$188M−5.5%$163M+21.6%
FY22$155M−9.9%$148M−11.4%$199M+48.5%$134M
Share26%26%28%20%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+13.8%

FY2020
$527.0M
FY2025
$1.01B

5 years selected · on the chart

01—History

Income Tax Expense History

Year-over-year comparison from 10-K annual reports

  19. $1.01B
YoY changeLargest recent move+189.2%in FY17Latest +20.5%

2 older moves run past ±150% (largest +205.8%); point at, tap or drag across the bars to read one.

02—Ledger

Income Tax Expense, period by period

PeriodValueChangeSource
FY2025$1.01B+20.5%10-K
FY2024$835.0M+6.2%10-K
FY2023$786.0M+23.6%10-K
FY2022$636.0M+8.3%10-K
FY2021$587.0M+11.4%10-K
FY2020$527.0M−6.9%10-K
FY2019$566.0M0.0%flat10-K
FY2018$566.0M−58.7%10-K
FY2017$1.37B+189.2%10-K
FY2016$474.0M−14.6%10-K
FY2015$555.0M−20.5%10-K
FY2014$698.0M+31.5%10-K
FY2013$531.0M−0.4%10-K
FY2012$533.0M−26.5%10-K
FY2011$725.0M+52.0%10-K
FY2010$477.0M+205.8%10-K
FY2009$156.0M−56.7%10-K
FY2008$360.0M−5.5%10-K
FY2007$381.0M—10-K

03—Questions

What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is CUMMINS INC's current income tax expense?

CUMMINS INC (CMI) annual income tax expense for 2025 was $1.01B, a 20.48% increase from 2024. CUMMINS INC income tax expense for the quarter ending March 31, 2026 was $254.0M.

What was CUMMINS INC's income tax expense in 2024?

CUMMINS INC annual income tax expense for 2024 was $835.0M, a 6.23% increase from 2023.

What was CUMMINS INC's income tax expense in 2023?

CUMMINS INC annual income tax expense for 2023 was $786.0M, a 23.58% increase from 2022.

What is CUMMINS INC's 5-year income tax expense CAGR?

CUMMINS INC income tax expense grew at a compound annual growth rate (CAGR) of 13.80% from FY2020 to FY2025, going from $527.0M to $1.01B over 5 years.

Company
CUMMINS INC
Ticker
CMI
Sector
Other
Industry
Engines & Turbines
View company profile →