Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of 25.46% is in line with its 5-year average of 23.36%, around the middle of its 5-year range (2.42%–41.18%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.51% above its 12-month average of 24.60%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.46%
TAX RATE AVG TTM
24.60%
TAX RATE AVG 3Y
25.32%
TAX RATE AVG 5Y
23.53%
TAX RATE AVG 10Y
26.24%
TAX RATE AVG 15Y
26.79%
TAX RATE AVG 20Y
26.69%
CURRENT VS TTM AVG
+3.51%
CURRENT VS 3Y AVG
+0.53%
CURRENT VS 5Y AVG
+8.20%
CURRENT VS 10Y AVG
-2.97%
CURRENT VS 15Y AVG
-4.98%
CURRENT VS 20Y AVG
-4.61%
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | TAX RATE |
|---|---|
| 2026-06-30 | 25.46% |
| 2026-03-31 | 25.69% |
| 2025-12-31 | 18.65% |
| 2025-09-30 | 26.79% |
| 2025-06-30 | 26.39% |
| 2025-03-31 | 29.53% |
| 2024-12-31 | 19.16% |
| 2024-09-30 | 29.23% |
| 2024-06-30 | 22.20% |
| 2024-03-31 | 27.06% |
| 2023-12-31 | 12.57% |
| 2023-09-30 | 26.48% |
| 2023-06-30 | 27.24% |
| 2023-03-31 | 10.05% |
| 2022-12-31 | 2.42% |
| 2022-09-30 | 41.18% |
| 2022-06-30 | 32.22% |
| 2022-03-31 | 27.26% |
| 2021-12-31 | 9.45% |
| 2021-09-30 | 22.64% |
| 2021-06-30 | 28.98% |
| 2021-03-31 | 31.38% |
| 2020-12-31 | 49.20% |
| 2020-06-30 | 24.76% |
| 2020-03-31 | 19.51% |
| 2019-12-31 | 51.04% |
| 2019-09-30 | 25.18% |
| 2019-06-30 | 153.47% |
| 2019-03-31 | 27.19% |
| 2018-12-31 | 7.08% |
| 2018-09-30 | 25.96% |
| 2018-06-30 | 27.13% |
| 2018-03-31 | 27.98% |
| 2017-12-31 | 27.19% |
| 2017-09-30 | 28.81% |
| 2017-06-30 | 29.95% |
| 2017-03-31 | 21.49% |
| 2016-12-31 | 27.47% |
| 2016-09-30 | 29.26% |
| 2016-06-30 | 25.13% |
| 2016-03-31 | 27.53% |
| 2015-12-31 | 21.64% |
| 2015-09-30 | 27.39% |
| 2015-06-30 | 29.48% |
| 2015-03-31 | 28.50% |
| 2014-12-31 | 27.36% |
| 2014-09-30 | 34.28% |
| 2014-06-30 | 32.08% |
| 2014-03-31 | 28.55% |
| 2013-12-31 | 23.70% |
| 2013-09-30 | 27.61% |
| 2013-06-30 | 29.42% |
| 2013-03-31 | 28.47% |
| 2012-12-31 | 24.46% |
| 2012-09-30 | 25.63% |
| 2012-06-30 | 27.44% |
| 2012-03-31 | 29.50% |
| 2011-12-31 | 22.19% |
| 2011-09-30 | 27.99% |
| 2011-06-30 | 29.90% |
| 2011-03-31 | 28.98% |
| 2010-12-31 | 23.55% |
| 2010-09-30 | 27.02% |
| 2010-06-30 | 29.81% |
| 2010-03-31 | 29.09% |
| 2009-12-31 | 21.38% |
| 2009-09-30 | 21.51% |
| 2009-06-30 | 28.77% |
| 2009-03-31 | 26.03% |
| 2008-12-31 | 1.59% |
| 2008-09-30 | 25.38% |
| 2008-06-30 | 28.86% |
| 2008-03-31 | 25.04% |
| 2007-12-31 | -9.63% |
| 2007-09-30 | 22.18% |
| 2007-06-30 | 25.22% |
| 2007-03-31 | 28.11% |
| 2006-12-31 | 25.48% |
| 2006-09-30 | 29.22% |
| 2006-06-30 | 29.51% |
| 2006-03-31 | 31.59% |
| 2005-12-31 | 28.30% |
| 2005-09-30 | 32.01% |
| 2005-06-30 | 36.59% |
| 2005-03-31 | 32.86% |
| 2004-12-31 | 32.47% |
| 2004-09-30 | 36.52% |
| 2004-06-30 | 37.04% |
| 2004-03-31 | 43.66% |
| 2003-12-31 | 41.30% |
| 2003-09-30 | 41.28% |
| 2003-06-30 | 45.76% |
| 2002-12-31 | 28.38% |
