CUMMINS INC Income Tax Expense 2007-2026 | CMI
Beta
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.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+13.8%
FY2020
$527.0M
→
FY2025
$1.01B
07080910111213141516171819202122232425
5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| 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 | $566.0M | +0.0% | 10-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 |