What is 3M's state & local tax (current)?

3M (MMM) reported state & local tax (current) of -$250K in Q4 2025.

How has 3M's state & local tax (current) changed year-over-year?

3M's state & local tax (current) increased by 83.3% year-over-year, from -$1.5M to -$250K.

What is the long-term trend for 3M's state & local tax (current)?

Over 4 years (2021 to 2025), 3M's state & local tax (current) has grown at a -68.7% compound annual growth rate (CAGR), from $104M to -$1M.

Tax

State & Local Tax (Current)

3M State & Local Tax (Current) remained flat by 0.0% to -$250K in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 83.3%, from -$1.5M to -$250K. Over 4 years (FY 2021 to FY 2025), State & Local Tax (Current) shows a downward trend with a -68.7% CAGR.

Analysis

StatementIncome Statement

SectionTax

First reportedQ1 2021

Last reportedQ4 2025Feb 3, 2026

Metric ID: vz_current_state_and_local_tax_expense

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$104M	$55M	$38M	-$6M	-$1M
YoY Change	—	-47.1%	-30.9%	-115.8%	+83.3%

Range-$6M – $104M

CAGR-68.7%

Avg YoY Growth-27.6%

Median YoY Growth-39.0%

State & Local Tax (Current) at Other Companies

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Frequently Asked Questions

What is 3M's state & local tax (current)?: 3M (MMM) reported state & local tax (current) of -$250K in Q4 2025.
How has 3M's state & local tax (current) changed year-over-year?: 3M's state & local tax (current) increased by 83.3% year-over-year, from -$1.5M to -$250K.
What is the long-term trend for 3M's state & local tax (current)?: Over 4 years (2021 to 2025), 3M's state & local tax (current) has grown at a -68.7% compound annual growth rate (CAGR), from $104M to -$1M.