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 12.85% is 16% below its 5-year average of 15.36%, around the middle of its 5-year range (-5.00%–31.80%).
As of the fiscal period ended Tuesday, March 31, 2026. 42.01% below its 12-month average of 22.16%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
12.85%
TAX RATE AVG TTM
22.16%
TAX RATE AVG 3Y
18.34%
TAX RATE AVG 5Y
15.36%
TAX RATE AVG 10Y
17.09%
TAX RATE AVG 15Y
22.11%
TAX RATE AVG 20Y
26.24%
CURRENT VS TTM AVG
-42.01%
CURRENT VS 3Y AVG
-29.94%
CURRENT VS 5Y AVG
-16.31%
CURRENT VS 10Y AVG
-24.79%
CURRENT VS 15Y AVG
-41.87%
CURRENT VS 20Y AVG
-51.01%
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 | 12.85% |
| 2025-12-31 | 18.14% |
| 2025-09-30 | 19.05% |
| 2025-06-30 | 31.80% |
| 2025-03-31 | 28.96% |
| 2024-12-31 | 11.51% |
| 2024-09-30 | 21.54% |
| 2024-06-30 | 21.07% |
| 2024-03-31 | 6.82% |
| 2023-12-31 | 17.87% |
| 2023-09-30 | 11.24% |
| 2023-06-30 | 14.13% |
| 2023-03-31 | 23.47% |
| 2022-12-31 | -5.00% |
| 2022-09-30 | 21.79% |
| 2022-06-30 | 19.20% |
| 2022-03-31 | 12.95% |
| 2021-12-31 | 10.59% |
| 2021-09-30 | 7.09% |
| 2021-06-30 | 10.32% |
| 2021-03-31 | 7.10% |
| 2020-12-31 | 3.54% |
| 2020-09-30 | 5.26% |
| 2020-06-30 | 10.34% |
| 2020-03-31 | 10.40% |
| 2019-12-31 | 8.20% |
| 2019-09-30 | 0.69% |
| 2019-06-30 | 14.46% |
| 2019-03-31 | 18.57% |
| 2018-12-31 | 16.85% |
| 2018-09-30 | 2.88% |
| 2018-06-30 | 16.47% |
| 2018-03-31 | 20.65% |
| 2017-12-31 | 31.79% |
| 2017-09-30 | 30.16% |
| 2017-06-30 | 33.85% |
| 2017-03-31 | 28.75% |
| 2016-12-31 | 27.16% |
| 2016-09-30 | 31.95% |
| 2016-06-30 | 32.66% |
| 2016-03-31 | 33.52% |
| 2015-12-31 | 26.61% |
| 2015-09-30 | 22.76% |
| 2015-06-30 | 34.45% |
| 2015-03-31 | 35.02% |
| 2014-12-31 | 27.45% |
| 2014-09-30 | 22.47% |
| 2014-06-30 | 32.93% |
| 2014-03-31 | 39.16% |
| 2013-12-31 | 31.26% |
| 2013-09-30 | 20.78% |
| 2013-06-30 | 37.68% |
| 2013-03-31 | 30.37% |
| 2012-12-31 | 29.98% |
| 2012-09-30 | 40.83% |
| 2012-06-30 | 36.59% |
| 2012-03-31 | 40.61% |
| 2011-12-31 | 31.85% |
| 2011-09-30 | 37.95% |
| 2011-06-30 | 37.13% |
| 2011-03-31 | 32.22% |
| 2010-12-31 | 29.03% |
| 2010-09-30 | 34.16% |
| 2010-06-30 | 35.86% |
| 2010-03-31 | 40.44% |
| 2009-12-31 | 37.93% |
| 2009-09-30 | 38.09% |
| 2009-06-30 | 37.95% |
| 2009-03-31 | 39.94% |
| 2008-12-31 | 32.53% |
| 2008-09-30 | 41.39% |
| 2008-06-30 | 38.90% |
| 2008-03-31 | 39.84% |
| 2007-12-31 | 38.08% |
| 2007-09-30 | 43.51% |
| 2007-06-30 | 39.25% |
| 2007-03-31 | 39.46% |
| 2006-12-31 | 34.17% |
| 2006-09-30 | 44.55% |
| 2006-06-30 | 46.63% |
| 2006-03-31 | 44.60% |
| 2005-12-31 | -14.22% |
| 2005-06-30 | 3.48% |
| 2005-03-31 | 3.62% |
| 2004-12-31 | 1.38% |
| 2004-09-30 | 0.63% |
| 2004-06-30 | 5.94% |
| 2004-03-31 | 2.80% |
