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 20.91% is in line with its 5-year average of 19.35%, near the high end of its 5-year range (8.85%–22.83%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.23% below its 12-month average of 20.96%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.91%
TAX RATE AVG TTM
20.96%
TAX RATE AVG 3Y
20.16%
TAX RATE AVG 5Y
20.10%
TAX RATE AVG 10Y
20.00%
TAX RATE AVG 15Y
25.46%
TAX RATE AVG 20Y
25.45%
CURRENT VS TTM AVG
-0.23%
CURRENT VS 3Y AVG
+3.72%
CURRENT VS 5Y AVG
+4.03%
CURRENT VS 10Y AVG
+4.55%
CURRENT VS 15Y AVG
-17.84%
CURRENT VS 20Y AVG
-17.84%
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 | 20.91% |
| 2025-12-31 | 22.14% |
| 2025-09-30 | 22.31% |
| 2025-06-30 | 22.35% |
| 2025-03-31 | 17.11% |
| 2024-12-31 | 22.83% |
| 2024-09-30 | 17.91% |
| 2024-06-30 | 19.30% |
| 2024-03-31 | 18.17% |
| 2023-12-31 | 18.61% |
| 2022-03-31 | 18.85% |
| 2021-12-31 | 20.17% |
| 2021-09-30 | 8.85% |
| 2021-06-30 | 20.14% |
| 2021-03-31 | 20.65% |
| 2020-12-31 | 20.73% |
| 2020-09-30 | 20.42% |
| 2020-06-30 | 19.80% |
| 2020-03-31 | 18.82% |
| 2019-12-31 | 20.53% |
| 2019-09-30 | 19.74% |
| 2019-06-30 | 21.06% |
| 2019-03-31 | 20.25% |
| 2018-09-30 | 16.89% |
| 2018-06-30 | 20.07% |
| 2018-03-31 | 20.35% |
| 2017-12-31 | -7.95% |
| 2017-09-30 | 31.41% |
| 2017-06-30 | 31.96% |
| 2017-03-31 | 31.32% |
| 2016-12-31 | 33.23% |
| 2016-09-30 | 32.03% |
| 2016-06-30 | 27.93% |
| 2016-03-31 | 30.70% |
| 2015-12-31 | 32.08% |
| 2015-09-30 | 31.94% |
| 2015-06-30 | 32.51% |
| 2015-03-31 | 37.37% |
| 2014-12-31 | 33.66% |
| 2014-09-30 | 34.37% |
| 2014-06-30 | 32.46% |
| 2014-03-31 | 29.33% |
| 2013-12-31 | 33.95% |
| 2013-09-30 | 37.92% |
| 2013-06-30 | 29.32% |
| 2013-03-31 | 31.17% |
| 2012-12-31 | 27.57% |
| 2012-09-30 | 31.01% |
| 2012-06-30 | 29.73% |
| 2012-03-31 | 31.12% |
| 2011-12-31 | 31.18% |
| 2011-09-30 | 20.09% |
| 2011-03-31 | 29.38% |
| 2010-12-31 | 18.46% |
| 2010-09-30 | 25.10% |
| 2010-06-30 | 12.65% |
| 2010-03-31 | -12.15% |
| 2009-12-31 | 25.25% |
| 2009-09-30 | 1.78% |
| 2009-06-30 | 15.62% |
| 2008-03-31 | 18.50% |
| 2007-12-31 | 26.71% |
| 2007-09-30 | 29.44% |
| 2007-06-30 | 31.36% |
| 2007-03-31 | 31.61% |
| 2006-12-31 | 29.97% |
| 2006-09-30 | 29.48% |
| 2006-06-30 | 30.95% |
| 2006-03-31 | 31.18% |
| 2005-12-31 | 14.68% |
| 2005-06-30 | 29.98% |
| 2005-03-31 | 26.98% |
| 2004-12-31 | 27.90% |
| 2004-06-30 | 30.42% |
| 2004-03-31 | 29.04% |
| 2003-12-31 | 28.44% |
| 2003-09-30 | 22.94% |
| 2003-06-30 | 17.94% |
| 2003-03-31 | 23.31% |
| 2002-12-31 | -10.57% |
| 2002-09-30 | -17.37% |
| 2002-06-30 | 14.14% |
