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 23.51% is in line with its 5-year average of 23.42%, around the middle of its 5-year range (20.63%–24.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.17% above its 12-month average of 23.47%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 23.51%.
TAX RATE
23.51%
TAX RATE AVG TTM
23.47%
TAX RATE AVG 3Y
23.21%
TAX RATE AVG 5Y
23.42%
TAX RATE AVG 10Y
23.17%
TAX RATE AVG 15Y
26.92%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
+1.32%
CURRENT VS 5Y AVG
+0.41%
CURRENT VS 10Y AVG
+1.49%
CURRENT VS 15Y AVG
-12.67%
CURRENT VS 20Y AVG
N/A
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 | 23.51% |
| 2026-03-31 | 24.06% |
| 2025-09-30 | 23.16% |
| 2025-06-30 | 23.16% |
| 2025-03-31 | 24.18% |
| 2024-09-30 | 23.39% |
| 2024-06-30 | 23.65% |
| 2024-03-31 | 24.53% |
| 2023-09-30 | 20.63% |
| 2023-06-30 | 21.78% |
| 2023-03-31 | 21.98% |
| 2022-12-31 | 24.94% |
| 2022-09-30 | 23.41% |
| 2022-06-30 | 22.67% |
| 2022-03-31 | 22.09% |
| 2021-12-31 | 24.06% |
| 2021-09-30 | 23.72% |
| 2021-06-30 | 23.76% |
| 2021-03-31 | 23.45% |
| 2020-12-31 | 23.60% |
| 2020-09-30 | 24.23% |
| 2020-06-30 | 23.95% |
| 2020-03-31 | 21.13% |
| 2019-12-31 | 21.78% |
| 2019-09-30 | 24.71% |
| 2019-06-30 | 25.58% |
| 2019-03-31 | 23.92% |
| 2018-12-31 | 24.14% |
| 2018-09-30 | 20.93% |
| 2018-06-30 | 21.87% |
| 2018-03-31 | 20.17% |
| 2017-12-31 | 89.27% |
| 2017-09-30 | 32.28% |
| 2017-06-30 | 51.04% |
| 2017-03-31 | 31.00% |
| 2016-12-31 | 31.53% |
| 2016-09-30 | 32.64% |
| 2016-06-30 | 33.96% |
| 2016-03-31 | 31.84% |
| 2015-12-31 | 29.37% |
| 2015-09-30 | 15.80% |
| 2015-06-30 | 36.42% |
| 2015-03-31 | 35.72% |
| 2014-12-31 | 13.51% |
| 2014-09-30 | 38.47% |
| 2014-06-30 | 35.12% |
| 2014-03-31 | 37.23% |
| 2013-12-31 | 34.29% |
| 2013-09-30 | 35.12% |
| 2013-06-30 | 38.73% |
| 2013-03-31 | 37.13% |
| 2012-12-31 | 39.15% |
| 2012-09-30 | 35.68% |
