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 16.44% is 85% above its 3-year average of 8.91%, near the high end of its 3-year range (5.01%–20.75%).
As of the fiscal period ended Saturday, September 30, 2023. 16.85% above its 12-month average of 14.07%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q1 FY2024 (2023-09-30): 16.44%.
TAX RATE
16.44%
TAX RATE AVG TTM
14.07%
TAX RATE AVG 3Y
8.91%
TAX RATE AVG 5Y
8.91%
TAX RATE AVG 10Y
18.38%
TAX RATE AVG 15Y
14.55%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+16.85%
CURRENT VS 3Y AVG
+84.51%
CURRENT VS 5Y AVG
+84.51%
CURRENT VS 10Y AVG
-10.57%
CURRENT VS 15Y AVG
+12.96%
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 |
|---|---|
| 2023-09-30 | 16.44% |
| 2022-12-31 | 20.75% |
| 2022-09-30 | 5.01% |
| 2022-06-30 | 5.86% |
| 2022-03-31 | 8.40% |
| 2021-12-31 | 8.14% |
| 2021-09-30 | 5.80% |
| 2021-06-30 | 5.84% |
| 2021-03-31 | 6.35% |
| 2020-12-31 | 5.06% |
| 2020-09-30 | 10.34% |
| 2018-03-31 | 242.69% |
| 2017-12-31 | -67.93% |
| 2017-09-30 | 27.62% |
| 2017-06-30 | 22.45% |
| 2017-03-31 | 17.98% |
| 2016-12-31 | 39.57% |
| 2016-09-30 | 33.73% |
| 2016-06-30 | 23.97% |
| 2014-09-30 | 67.49% |
| 2013-12-31 | 87.53% |
| 2013-09-30 | 76.55% |
| 2012-12-31 | 22.59% |
| 2012-09-30 | 18.58% |
| 2012-06-30 | 12.20% |
| 2012-03-31 | 28.50% |
| 2011-12-31 | 36.27% |
| 2011-09-30 | 26.55% |
| 2011-06-30 | 6.67% |
| 2011-03-31 | 7.72% |
| 2010-12-31 | 4.99% |
| 2010-09-30 | 6.38% |
| 2010-06-30 | 5.83% |
| 2010-03-31 | 4.90% |
| 2009-12-31 | 3.82% |
| 2009-09-30 | 2.71% |
