3M CO Income Tax Expense 2007-2026 | MMM
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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 3M CO's current income tax expense?
3M CO (MMM) annual income tax expense for 2025 was $1.00B, a 24.75% increase from 2024. 3M CO income tax expense for the quarter ending March 31, 2026 was $221.0M.
What was 3M CO's income tax expense in 2024?
3M CO annual income tax expense for 2024 was $804.0M, a 128.04% increase from 2023.
What was 3M CO's income tax expense in 2023?
3M CO annual income tax expense for 2023 was $-2.87B, a 1625.00% decline from 2022.
What is 3M CO's 5-year income tax expense CAGR?
3M CO income tax expense grew at a compound annual growth rate (CAGR) of 5.59% from FY2020 to FY2025, going from $1.34B to $1.00B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR-5.6%
FY2020
$1.34B
→
FY2025
$1.00B
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.00B | +24.8% | 10-K |
| FY2024 | $804.0M | +128.0% | 10-K |
| FY2023 | $-2.87B | -1625.0% | 10-K |
| FY2022 | $188.0M | -85.4% | 10-K |
| FY2021 | $1.28B | -3.9% | 10-K |
| FY2020 | $1.34B | +20.0% | 10-K |
| FY2019 | $1.11B | -31.9% | 10-K |
| FY2018 | $1.64B | -38.9% | 10-K |
| FY2017 | $2.68B | +34.3% | 10-K |
| FY2016 | $2.00B | +0.7% | 10-K |
| FY2015 | $1.98B | -2.3% | 10-K |
| FY2014 | $2.03B | +10.2% | 10-K |
| FY2013 | $1.84B | +0.1% | 10-K |
| FY2012 | $1.84B | +9.9% | 10-K |
| FY2011 | $1.67B | +5.2% | 10-K |
| FY2010 | $1.59B | +14.7% | 10-K |
| FY2009 | $1.39B | -12.6% | 10-K |
| FY2008 | $1.59B | -19.1% | 10-K |
| FY2007 | $1.96B | - | 10-K |
Company: 3M COTicker: MMMSector: HealthcareIndustry: Surgical & Medical Instruments & ApparatusView company profile →