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 34.58% is 38% above its 5-year average of 25.05%, near the high end of its 5-year range (-245.19%–124.59%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.43% below its 12-month average of 38.60%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
34.58%
TAX RATE AVG TTM
38.60%
TAX RATE AVG 3Y
38.26%
TAX RATE AVG 5Y
34.54%
TAX RATE AVG 10Y
37.12%
TAX RATE AVG 15Y
41.27%
TAX RATE AVG 20Y
40.26%
CURRENT VS TTM AVG
-10.43%
CURRENT VS 3Y AVG
-9.63%
CURRENT VS 5Y AVG
+0.12%
CURRENT VS 10Y AVG
-6.84%
CURRENT VS 15Y AVG
-16.22%
CURRENT VS 20Y AVG
-14.12%
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 | 34.58% |
| 2025-12-31 | 32.31% |
| 2025-09-30 | 45.60% |
| 2025-06-30 | 35.31% |
| 2025-03-31 | 45.22% |
| 2024-12-31 | 15.00% |
| 2024-06-30 | 33.19% |
| 2024-03-31 | 52.57% |
| 2023-12-31 | -245.19% |
| 2023-09-30 | 33.37% |
| 2023-06-30 | 34.00% |
| 2023-03-31 | 59.75% |
| 2022-12-31 | 32.79% |
| 2022-09-30 | 54.78% |
| 2022-06-30 | 27.02% |
| 2022-03-31 | 15.32% |
| 2021-12-31 | 25.84% |
| 2021-09-30 | 124.59% |
| 2021-06-30 | 17.58% |
| 2021-03-31 | 27.42% |
| 2020-12-31 | 21.43% |
| 2020-09-30 | 43.06% |
| 2019-09-30 | 935.71% |
| 2019-03-31 | 101.21% |
| 2018-09-30 | 60.34% |
| 2018-06-30 | 47.05% |
| 2018-03-31 | 46.91% |
| 2017-12-31 | -86.33% |
| 2017-09-30 | -12.90% |
| 2017-03-31 | 50.37% |
| 2014-06-30 | 38.86% |
| 2014-03-31 | 40.45% |
| 2013-12-31 | 69.00% |
| 2013-09-30 | 32.14% |
| 2013-06-30 | 37.08% |
| 2013-03-31 | 43.62% |
| 2012-12-31 | 59.29% |
| 2012-09-30 | 79.19% |
| 2012-06-30 | 56.10% |
| 2012-03-31 | 48.91% |
| 2011-12-31 | 38.74% |
| 2011-09-30 | 52.15% |
| 2011-06-30 | 40.92% |
| 2011-03-31 | 41.15% |
| 2010-12-31 | 45.69% |
| 2010-09-30 | 41.81% |
| 2010-06-30 | 38.31% |
| 2010-03-31 | 41.57% |
| 2009-12-31 | 47.81% |
| 2009-09-30 | 49.23% |
| 2009-06-30 | 43.48% |
| 2008-09-30 | 34.33% |
| 2008-06-30 | 38.34% |
| 2008-03-31 | 39.05% |
| 2007-12-31 | 30.61% |
| 2007-09-30 | 47.76% |
| 2007-06-30 | 44.34% |
| 2007-03-31 | 39.49% |
| 2006-12-31 | 32.91% |
| 2006-09-30 | 43.79% |
| 2006-06-30 | 28.28% |
| 2006-03-31 | 38.42% |
| 2005-12-31 | 35.03% |
| 2005-09-30 | 40.75% |
| 2005-06-30 | 37.11% |
| 2005-03-31 | 37.63% |
| 2004-12-31 | 38.35% |
| 2004-09-30 | 41.71% |
| 2004-06-30 | 30.85% |
| 2004-03-31 | 36.21% |
| 2003-12-31 | 42.09% |
| 2003-09-30 | 41.90% |
| 2003-06-30 | 48.51% |
| 2003-03-31 | 39.86% |
| 2002-12-31 | 39.35% |
| 2002-09-30 | 38.09% |
| 2002-06-30 | 39.39% |
