HSY · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

HERSHEY CO · 2026-10-29 · Importance 57 · Surprise 64

The effective tax rate for the first nine months of 2026 was 24.4%, down from 33.3% in the same 2025 period. The lower 2026 rate reflected tax reserves and foreign rate differentials related to mark-to-market activity. Income tax provision nevertheless increased 68.9% to $475.3 million as income before taxes increased.

Key facts

• Hershey’s effective income tax rate was 24.4% in third-quarter 2026, compared with 25.7% in third-quarter 2025; the 2026 rate was lower due to tax reserves and foreign rate differentials related to mark-to-market activity. source
• Hershey’s effective income tax rate was 24.4% for the first nine months of 2026, compared with 33.3% for the first nine months of 2025; the 2026 rate was lower due to tax reserves and foreign rate differentials related to mark-to-market activity. source