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 20.08% is in line with its 5-year average of 20.42%, around the middle of its 5-year range (16.67%–24.02%).
As of the fiscal period ended Tuesday, March 31, 2026. 5.99% below its 12-month average of 21.36%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.08%
TAX RATE AVG TTM
21.36%
TAX RATE AVG 3Y
20.77%
TAX RATE AVG 5Y
20.60%
TAX RATE AVG 10Y
20.89%
TAX RATE AVG 15Y
27.64%
TAX RATE AVG 20Y
29.79%
CURRENT VS TTM AVG
-5.99%
CURRENT VS 3Y AVG
-3.32%
CURRENT VS 5Y AVG
-2.52%
CURRENT VS 10Y AVG
-3.85%
CURRENT VS 15Y AVG
-27.33%
CURRENT VS 20Y AVG
-32.58%
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 |
|---|---|
| 2026-03-31 | 20.08% |
| 2025-12-31 | 21.11% |
| 2025-09-30 | 19.78% |
| 2025-06-30 | 24.02% |
| 2025-03-31 | 21.83% |
| 2024-12-31 | 20.31% |
| 2024-09-30 | 20.96% |
| 2024-06-30 | 22.88% |
| 2024-03-31 | 20.39% |
| 2023-12-31 | 21.49% |
| 2023-09-30 | 19.18% |
| 2023-06-30 | 21.57% |
| 2023-03-31 | 19.70% |
| 2022-12-31 | 20.23% |
| 2022-09-30 | 21.43% |
| 2022-06-30 | 18.93% |
| 2022-03-31 | 19.67% |
| 2021-12-31 | 20.22% |
| 2021-09-30 | 17.98% |
| 2021-06-30 | 16.67% |
| 2021-03-31 | 20.30% |
| 2020-12-31 | 21.49% |
| 2020-09-30 | -120.00% |
| 2020-06-30 | 26.43% |
| 2019-12-31 | 26.25% |
| 2019-09-30 | 19.21% |
| 2019-06-30 | 19.31% |
| 2019-03-31 | 21.07% |
| 2018-09-30 | 16.80% |
| 2018-06-30 | 20.00% |
| 2018-03-31 | 18.97% |
| 2017-12-31 | 37.83% |
| 2017-09-30 | 62.07% |
| 2017-06-30 | 29.27% |
| 2017-03-31 | 30.49% |
| 2016-12-31 | -22.40% |
| 2016-09-30 | 36.52% |
| 2016-06-30 | 53.68% |
| 2016-03-31 | 33.33% |
| 2015-12-31 | 38.10% |
| 2015-09-30 | 33.33% |
| 2015-06-30 | 34.07% |
| 2015-03-31 | 16.67% |
| 2014-12-31 | 34.21% |
| 2014-09-30 | 37.24% |
| 2014-06-30 | 36.15% |
| 2014-03-31 | 33.54% |
| 2013-12-31 | 32.93% |
| 2013-09-30 | 30.99% |
| 2013-06-30 | 38.89% |
| 2013-03-31 | 35.43% |
| 2012-09-30 | 25.96% |
| 2012-06-30 | 38.24% |
| 2012-03-21 | 39.73% |
| 2011-12-31 | 47.30% |
| 2011-09-30 | 30.77% |
| 2011-06-30 | 50.00% |
| 2011-03-31 | 47.06% |
| 2010-12-31 | 38.07% |
| 2010-09-30 | 39.42% |
| 2010-06-30 | 36.71% |
| 2010-03-31 | 40.14% |
| 2009-12-31 | 33.19% |
| 2009-09-30 | 35.47% |
| 2009-06-30 | 35.92% |
| 2009-03-31 | 34.52% |
| 2008-12-31 | 39.58% |
| 2008-09-30 | 33.93% |
| 2008-06-30 | 37.00% |
| 2008-03-31 | 35.63% |
| 2007-12-31 | 36.43% |
| 2007-09-30 | 34.22% |
| 2007-06-30 | 32.68% |
| 2007-03-31 | 37.09% |
| 2006-12-31 | 34.81% |
| 2006-09-30 | 35.92% |
| 2006-06-30 | 28.44% |
| 2006-03-31 | 35.10% |
| 2005-12-31 | 24.58% |
| 2005-06-30 | 36.54% |
| 2005-03-31 | 33.68% |
| 2004-12-31 | 28.36% |
| 2004-09-30 | 33.55% |
| 2004-06-30 | 31.57% |
| 2004-03-31 | 31.61% |
| 2003-12-31 | -64.09% |
| 2003-09-30 | 31.10% |
| 2003-06-30 | 27.62% |
| 2003-03-31 | 15.03% |
| 2002-12-31 | -2.89% |
| 2002-09-30 | 30.05% |
| 2002-06-30 | 13.61% |
