diff --git a/pandas/io/sql.py b/pandas/io/sql.py
index 51888e5021d80..cbdbd800a2b3e 100644
--- a/pandas/io/sql.py
+++ b/pandas/io/sql.py
@@ -1159,9 +1159,7 @@ def run_transaction(self):
 
     def execute(self, *args, **kwargs):
         """Simple passthrough to SQLAlchemy connectable"""
-        return self.connectable.execution_options(no_parameters=True).execute(
-            *args, **kwargs
-        )
+        return self.connectable.execution_options().execute(*args, **kwargs)
 
     def read_table(
         self,
@@ -1291,6 +1289,11 @@ def read_query(
         read_sql
 
         """
+        if isinstance(sql, str) and params is None:
+            from sqlalchemy.sql import text
+
+            sql = text(sql)
+
         args = _convert_params(sql, params)
 
         result = self.execute(*args)
diff --git a/pandas/tests/io/test_sql.py b/pandas/tests/io/test_sql.py
index 1edcc937f72c3..8924bb9e2559d 100644
--- a/pandas/tests/io/test_sql.py
+++ b/pandas/tests/io/test_sql.py
@@ -199,6 +199,26 @@
         "mysql": "SELECT * FROM iris WHERE `Name` LIKE '%'",
         "postgresql": "SELECT * FROM iris WHERE \"Name\" LIKE '%'",
     },
+    "read_no_parameters_with_doublepercent": {
+        "sqlite": "SELECT 1 %% 2 as x",
+        "mysql": "SELECT 1 %% 2 as x",
+        "postgresql": "SELECT 1 %% 2 as x",
+    },
+    "read_parameters_with_percent": {
+        "sqlite": "SELECT ? as x, 2 % 3 as y",
+        "mysql": "SELECT %s as x, 2 % 3 as y",
+        "postgresql": "SELECT %s as x, 2 % 3 as y",
+    },
+    "read_parameters_with_doublepercent": {
+        "sqlite": "SELECT ? as x, 2 %% 3 as y",
+        "mysql": "SELECT %s as x, 2 %% 3 as y",
+        "postgresql": "SELECT %s as x, 2 %% 3 as y",
+    },
+    "read_named_parameters_with_doublepercent": {
+        "sqlite": "SELECT :name as x, 2 %% 3 as y",
+        "mysql": "SELECT %(name)s as x, 2 %% 3 as y",
+        "postgresql": "SELECT %(name)s as x, 2 %% 3 as y",
+    },
     "create_view": {
         "sqlite": """
                 CREATE VIEW iris_view AS
@@ -435,6 +455,43 @@ def _read_sql_iris_no_parameter_with_percent(self):
         iris_frame = self.pandasSQL.read_query(query, params=None)
         self._check_iris_loaded_frame(iris_frame)
 
+    def _read_sql_parameter_with_percent(self):
+        if self.flavor in {"postgresql", "mysql"}:
+            pytest.xfail("dialect DBI does not support parameters and single % ops")
+        query = SQL_STRINGS["read_parameters_with_percent"][self.flavor]
+        frame = self.pandasSQL.read_query(query, params=[1])
+        tm.assert_frame_equal(frame, DataFrame({"x": [1], "y": [2]}))
+
+    def _read_sql_iris_no_parameter_with_doublepercent(self):
+        # Note that this is marked xfail in the method wrapping it...
+        query = SQL_STRINGS["read_no_parameters_with_doublepercent"][self.flavor]
+        frame = self.pandasSQL.read_query(query)
+        tm.assert_frame_equal(frame, DataFrame({"x": [1]}))
+
+    def _read_sql_no_parameter_with_declarative_percent(self):
+        from sqlalchemy import sql
+
+        query = sql.text("SELECT 1 % 2 as x")
+        frame = self.pandasSQL.read_query(query)
+        tm.assert_frame_equal(frame, DataFrame({"x": [1]}))
+
+    @pytest.mark.xfail
+    def _read_sql_parameter_with_doublepercent(self):
+        if self.flavor == "sqlite":
+            pytest.xfail("sqlite DBI does not use doublepercent syntax")
+
+        query = SQL_STRINGS["read_parameters_with_doublepercent"][self.flavor]
+        frame = self.pandasSQL.read_query(query, params=[1])
+        tm.assert_frame_equal(frame, DataFrame({"x": [1], "y": [2]}))
+
+    def _read_sql_named_parameter_with_doublepercent(self):
+        if self.flavor == "sqlite":
+            pytest.xfail("sqlite DBI does not use doublepercent syntax")
+
+        query = SQL_STRINGS["read_named_parameters_with_doublepercent"][self.flavor]
+        frame = self.pandasSQL.read_query(query, params={"name": 1})
+        tm.assert_frame_equal(frame, DataFrame({"x": [1], "y": [2]}))
+
     def _to_sql(self, method=None):
         self.drop_table("test_frame1")
 
@@ -1286,6 +1343,25 @@ def test_read_sql_parameter(self):
     def test_read_sql_named_parameter(self):
         self._read_sql_iris_named_parameter()
 
+    def test_read_sql_no_parameter_with_percent(self):
+        self._read_sql_iris_no_parameter_with_percent()
+
+    @pytest.mark.xfail
+    def test_read_sql_no_parameter_with_doublepercent(self):
+        self._read_sql_iris_no_parameter_with_doublepercent()
+
+    def test_read_sql_no_parameter_with_declarative_percent(self):
+        self._read_sql_no_parameter_with_declarative_percent()
+
+    def test_read_sql_parameter_with_percent(self):
+        self._read_sql_parameter_with_percent()
+
+    def test_read_sql_parameter_with_doublepercent(self):
+        self._read_sql_parameter_with_doublepercent()
+
+    def test_read_sql_named_parameter_with_doublepercent(self):
+        self._read_sql_named_parameter_with_doublepercent()
+
     def test_to_sql(self):
         self._to_sql()
 
@@ -2169,6 +2245,15 @@ def test_read_sql_parameter(self):
     def test_read_sql_named_parameter(self):
         self._read_sql_iris_named_parameter()
 
+    def test_read_sql_parameter_with_percent(self):
+        self._read_sql_parameter_with_percent()
+
+    def test_read_sql_parameter_with_doublepercent(self):
+        self._read_sql_parameter_with_doublepercent()
+
+    def test_read_sql_named_parameter_with_doublepercent(self):
+        self._read_sql_named_parameter_with_doublepercent()
+
     def test_to_sql(self):
         self._to_sql()