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 18.33% is in line with its 5-year average of 19.99%, around the middle of its 5-year range (11.68%–29.28%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.00% below its 12-month average of 19.49%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.33%
TAX RATE AVG TTM
19.49%
TAX RATE AVG 3Y
19.16%
TAX RATE AVG 5Y
19.93%
TAX RATE AVG 10Y
22.56%
TAX RATE AVG 15Y
27.52%
TAX RATE AVG 20Y
28.86%
CURRENT VS TTM AVG
-6.00%
CURRENT VS 3Y AVG
-4.35%
CURRENT VS 5Y AVG
-8.07%
CURRENT VS 10Y AVG
-18.78%
CURRENT VS 15Y AVG
-33.42%
CURRENT VS 20Y AVG
-36.50%
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 | 18.33% |
| 2025-12-31 | 20.56% |
| 2025-09-30 | 19.81% |
| 2025-06-30 | 18.58% |
| 2025-03-31 | 20.20% |
| 2024-12-31 | 19.48% |
| 2024-09-30 | 11.68% |
| 2024-06-30 | 18.98% |
| 2024-03-31 | 19.29% |
| 2023-12-31 | 19.46% |
| 2023-09-30 | 16.91% |
| 2023-06-30 | 23.49% |
| 2023-03-31 | 22.77% |
| 2022-12-31 | 29.28% |
| 2022-09-30 | 14.12% |
| 2022-06-30 | 25.32% |
| 2022-03-31 | 14.95% |
| 2021-12-31 | 21.69% |
| 2021-09-30 | 19.77% |
| 2021-06-30 | 21.94% |
| 2021-03-31 | 23.10% |
| 2020-12-31 | 24.21% |
| 2020-09-30 | 21.78% |
| 2020-06-30 | 21.31% |
| 2020-03-31 | -48.45% |
| 2019-12-31 | 27.96% |
| 2019-06-30 | 22.20% |
| 2019-03-31 | 22.30% |
| 2018-12-31 | 38.00% |
| 2018-09-30 | 30.08% |
| 2018-06-30 | 14.43% |
| 2018-03-31 | 22.34% |
| 2017-12-31 | -97.66% |
| 2017-06-30 | 32.74% |
| 2017-03-31 | 33.15% |
| 2016-12-31 | 42.76% |
| 2016-09-30 | 34.63% |
| 2016-06-30 | 28.11% |
| 2016-03-31 | 34.72% |
| 2015-12-31 | 40.35% |
| 2015-06-30 | 18.08% |
| 2015-03-31 | 39.85% |
| 2014-12-31 | 44.93% |
| 2014-09-30 | 37.58% |
| 2014-06-30 | 25.89% |
| 2014-03-31 | 41.66% |
| 2013-12-31 | 39.05% |
| 2013-09-30 | 33.60% |
| 2013-06-30 | 36.65% |
| 2013-03-31 | 42.94% |
| 2012-12-31 | 28.25% |
| 2012-09-30 | 39.46% |
| 2012-06-30 | 36.08% |
| 2012-03-31 | 34.60% |
| 2011-12-31 | 35.89% |
| 2011-09-30 | 34.14% |
| 2011-06-30 | -26.31% |
| 2011-03-31 | 34.36% |
| 2010-09-30 | 37.52% |
| 2010-06-30 | 35.03% |
| 2010-03-31 | 36.70% |
| 2009-12-31 | 80.47% |
| 2009-09-30 | 30.77% |
| 2009-06-30 | 31.33% |
| 2009-03-31 | 48.96% |
| 2008-12-31 | 4.71% |
| 2008-06-30 | 23.84% |
| 2008-03-31 | 34.66% |
| 2007-12-31 | 38.64% |
| 2007-09-30 | 34.12% |
| 2007-06-30 | 34.14% |
| 2007-03-31 | 35.34% |
| 2006-12-31 | 35.28% |
| 2006-09-30 | 34.51% |
| 2006-06-30 | 34.90% |
| 2006-03-31 | 33.60% |
| 2005-12-31 | 8.28% |
| 2005-09-30 | 29.06% |
| 2005-06-30 | 32.15% |
| 2005-03-31 | 35.27% |
| 2004-12-31 | 38.42% |
| 2004-09-30 | 31.50% |
| 2004-06-30 | 33.90% |
| 2004-03-31 | 33.89% |
| 2003-09-30 | 31.81% |
| 2003-06-30 | 34.12% |
| 2003-03-31 | 33.64% |
