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General Mills, Inc. (GIS)
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General Mills, Inc. (GIS) Tax Rate: 19.83%

Is General Mills, Inc.’s tax rate high or low?

General Mills, Inc.'s tax rate of 19.83% is in line with its 5-year average of 19.10%, around the middle of its 5-year range (17.65%–21.15%).

The tax rate for General Mills, Inc. (GIS) is 19.83%. It is above its 12-month average by 1.88% (19.46%).

GIS Tax Rate Chart

GIS Tax Rate
19.83%+3.82% 1Y
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GIS Average Tax Rate Chart

GIS Current vs Average Tax Rate Chart

GIS Tax Rate Metrics

TAX RATE

19.83%

TAX RATE AVG TTM

19.46%

TAX RATE AVG 3Y

18.89%

TAX RATE AVG 5Y

19.10%

TAX RATE AVG 10Y

20.38%

TAX RATE AVG 15Y

23.58%

TAX RATE AVG 20Y

25.99%

CURRENT VS TTM AVG

+1.88%

CURRENT VS 3Y AVG

+4.95%

CURRENT VS 5Y AVG

+3.84%

CURRENT VS 10Y AVG

-2.68%

CURRENT VS 15Y AVG

-15.91%

CURRENT VS 20Y AVG

-23.72%

General Mills, Inc. Tax Rate Formula & Definition

Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

General Mills, Inc. Tax Rate FAQ

What is the tax rate for General Mills, Inc. (GIS)?
The tax rate for GIS stock is 19.83%.
Is General Mills, Inc.'s tax rate high or low?
General Mills, Inc.'s tax rate of 19.83% is in line with its 5-year average of 19.10%, around the middle of its 5-year range (17.65%–21.15%).
What is the TTM average tax rate for General Mills, Inc. (GIS)?
The TTM average tax rate for GIS stock is 19.46%.
What is the 3Y average tax rate for General Mills, Inc. (GIS)?
The 3Y average tax rate for GIS stock is 18.89%.
What is the 5Y average tax rate for General Mills, Inc. (GIS)?
The 5Y average tax rate for GIS stock is 19.10%.
What is the 10Y average tax rate for General Mills, Inc. (GIS)?
The 10Y average tax rate for GIS stock is 20.38%.
What is the 15Y average tax rate for General Mills, Inc. (GIS)?
The 15Y average tax rate for GIS stock is 23.58%.
What is the 20Y average tax rate for General Mills, Inc. (GIS)?
The 20Y average tax rate for GIS stock is 25.99%.

General Mills, Inc. Tax Rate History

DATETAX RATE
2025-05-2519.83%
2024-05-2619.10%
2023-05-2819.00%
2022-05-2917.65%
2021-05-3021.15%
2020-05-3117.85%
2019-05-3117.08%
2018-05-312.58%
2017-05-3127.81%
2016-05-3130.30%
2015-05-3131.78%
2014-05-3132.18%
2013-05-3128.14%
2012-05-3130.87%
2011-05-3128.56%
2010-05-3133.44%
2009-05-3135.42%
2008-05-3132.46%
2007-05-3132.87%
2006-05-3133.05%
2005-05-3134.77%
2004-05-3133.35%
2003-05-3133.41%
2002-05-3134.14%
2001-05-3134.48%
2000-05-3135.37%
1999-05-3136.26%
1998-05-3136.45%
1997-05-3136.71%
1996-05-3136.97%

About General Mills, Inc.

General Mills, Inc. functions as a prominent global producer and vendor of well-known consumer food brands. The company structures its widespread operations into five main divisions: North American retail, convenience stores and foodservice providers, Europe and Australia, Asia and Latin America, and a dedicated pet segment. Their broad catalog of products features a diverse range of items for consumers. This includes breakfast cereals, chilled yogurts, various soups, and ready-to-prepare meal kits. The offering also extends to refrigerated and frozen dough items, baking and dessert mixes, flours for culinary use, frozen pizzas and pizza snacks, along with an assortment of snack bars, fruit snacks, savory and grain snacks, and ice cream. For health-conscious consumers, they provide nutrition bars and wellness beverages, in addition to organic frozen and shelf-stable vegetables. Beyond direct consumer sales, General Mills supplies both branded and unbranded food goods to the North American foodservice sector and commercial bakeries. Furthermore, they are a significant participant in the pet food industry, manufacturing a variety of dog and cat food products. The company markets its merchandise under an extensive collection of trademarks, such as: Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait. General Mills distributes its products through a vast network, utilizing both direct sales and arrangements with brokers and distributors. Their reach encompasses a wide array of sales points, including traditional grocery stores, large-scale mass merchandisers, membership clubs, natural food retailers, online marketplaces, various commercial and non-commercial foodservice distributors and operators, restaurants, convenience stores, specialized pet stores, as well as drug, dollar, and discount retail chains. Complementing its extensive business, the corporation also oversees 466 leased and 392 franchised ice cream parlors. General Mills, Inc., established in 1866, maintains its corporate headquarters in Minneapolis, Minnesota.

Minneapolis, MN
34,000 employees
Consumer Defensive / Packaged Foods
Sector
Consumer Defensive
Industry
Packaged Foods
CEO
Jeffrey L. Harmening