SOLV · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

Solventum Corp · 2026-11-05 · Importance 33 · Surprise 38

Solventum’s effective tax rate for the third quarter of 2026 was negative 6.5%, compared with 16.4% in the third quarter of 2025. The company attributed the decrease primarily to the nonrecurrence of tax expense associated with the prior-year Purification and Filtration divestiture. For the first nine months of 2026, the effective tax rate was 17.1%, up from 9.8% in 2025, primarily because the prior-year tax benefit from the divestiture did not recur and geographic earnings mix was unfavorable.

Key facts

• Solventum recognized an effective tax rate of (6.5)% for the three months ended September 30, 2026, compared with 16.4% for the same 2025 period; the decrease was primarily attributable to non-recurrence of tax expense associated with the Purification and Filtration divestiture incurred in the prior year. source
• Solventum recognized an effective tax rate of 17.1% for the nine months ended September 30, 2026, compared with 9.8% for the same 2025 period; the increase was primarily attributable to non-recurrence of the prior-year divestiture-related tax benefit and an unfavorable geographic mix of earnings. source
• Solventum's effective tax rate was negative 6.5% for the three months and 17.1% for the nine months ended September 30, 2026. source
• Solventum’s estimated annual effective tax rate may be materially impacted if earnings fluctuate in lower-tax jurisdictions where its subsidiaries generate significant foreign earnings. source