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 20.95% is 10% below its 5-year average of 23.40%, near the low end of its 5-year range (20.91%–25.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.33% below its 12-month average of 22.85%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.95%
TAX RATE AVG TTM
22.85%
TAX RATE AVG 3Y
23.66%
TAX RATE AVG 5Y
23.40%
TAX RATE AVG 10Y
22.96%
TAX RATE AVG 15Y
25.57%
TAX RATE AVG 20Y
25.40%
CURRENT VS TTM AVG
-8.33%
CURRENT VS 3Y AVG
-11.44%
CURRENT VS 5Y AVG
-10.47%
CURRENT VS 10Y AVG
-8.74%
CURRENT VS 15Y AVG
-18.07%
CURRENT VS 20Y AVG
-17.52%
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 | 20.95% |
| 2026-03-31 | 23.72% |
| 2025-12-31 | 21.92% |
| 2025-09-30 | 23.17% |
| 2025-06-30 | 24.50% |
| 2025-03-31 | 24.57% |
| 2024-12-31 | 24.40% |
| 2024-09-30 | 23.31% |
| 2024-06-30 | 24.39% |
| 2024-03-31 | 23.40% |
| 2023-12-31 | 22.39% |
| 2023-09-30 | 23.24% |
| 2023-06-30 | 24.84% |
| 2023-03-31 | 25.92% |
| 2022-09-30 | 24.12% |
| 2022-06-30 | 23.65% |
| 2022-03-31 | 23.50% |
| 2021-12-31 | 23.21% |
| 2021-09-30 | 20.91% |
| 2021-06-30 | 21.88% |
| 2021-03-31 | 22.52% |
| 2020-12-31 | 21.00% |
| 2020-09-30 | 23.23% |
| 2020-06-30 | 22.07% |
| 2020-03-31 | 23.63% |
| 2019-12-31 | 20.95% |
| 2019-09-30 | 22.61% |
| 2019-06-30 | 22.77% |
| 2019-03-31 | 19.98% |
| 2018-12-31 | 18.41% |
| 2018-09-30 | 20.46% |
| 2018-06-30 | 21.63% |
| 2018-03-31 | 21.21% |
| 2017-12-31 | 83.88% |
| 2017-09-30 | 28.80% |
| 2017-06-30 | 27.81% |
| 2017-03-31 | 27.16% |
| 2016-12-31 | 28.95% |
| 2016-09-30 | 29.73% |
| 2016-06-30 | 29.81% |
| 2016-03-31 | 29.05% |
| 2015-12-31 | 26.99% |
| 2015-09-30 | 31.34% |
| 2015-06-30 | 31.10% |
| 2015-03-31 | 29.47% |
| 2014-12-31 | 28.01% |
| 2014-09-30 | 26.98% |
| 2014-06-30 | 27.10% |
| 2014-03-31 | 28.04% |
| 2013-12-31 | 25.22% |
| 2013-09-30 | 24.63% |
| 2013-06-30 | 31.32% |
| 2013-03-31 | 31.70% |
| 2012-12-31 | 29.53% |
| 2012-09-30 | 28.85% |
| 2012-06-30 | 30.83% |
| 2012-03-31 | 32.05% |
| 2011-12-31 | 32.98% |
| 2011-09-30 | 32.41% |
| 2011-06-30 | 30.24% |
| 2011-03-31 | 28.19% |
| 2010-09-30 | 16.03% |
| 2010-06-30 | -30.98% |
| 2010-03-31 | 26.95% |
| 2009-12-31 | 29.19% |
| 2009-09-30 | 24.78% |
| 2009-06-30 | 22.26% |
| 2009-03-31 | 23.68% |
| 2008-12-31 | 29.47% |
| 2008-09-30 | 25.61% |
| 2008-06-30 | 23.81% |
| 2008-03-31 | 25.93% |
| 2007-12-31 | -107.32% |
| 2007-09-30 | 15.12% |
| 2007-06-30 | 25.62% |
| 2007-03-31 | 25.86% |
| 2006-12-31 | 23.20% |
| 2006-09-30 | 24.89% |
| 2006-06-30 | 31.22% |
| 2006-03-31 | 27.91% |
| 2005-12-31 | 27.27% |
| 2005-09-30 | 32.64% |
| 2005-06-30 | 40.91% |
| 2005-03-31 | 32.86% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | -233.33% |
| 2004-06-30 | 33.46% |
| 2004-03-31 | 33.33% |
| 2003-12-31 | 35.71% |
| 2003-09-30 | 35.48% |
| 2003-06-30 | 32.19% |
| 2003-03-31 | 34.50% |
| 2002-12-31 | 34.50% |
| 2002-09-30 | 32.95% |
