JNJ · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

JOHNSON & JOHNSON · 2026-07-23 · Importance 25 · Surprise 32

The worldwide effective income tax rate declined to 15.5% for fiscal six months 2026 from 17.8% in fiscal six months 2025. The 2.3 percentage-point reduction represents an approximately 13% year-over-year decrease in the effective rate. At fiscal six-month pretax income of $12.7 billion, the lower rate reduced implied tax expense by approximately $292 million versus applying the prior-year 17.8% rate. The filing states that additional tax-law changes could create material quarterly or annual deferred-tax revaluation impacts.

Key facts

• The worldwide effective income tax rate for the fiscal six months was 15.5% in 2026 and 17.8% in 2025. source