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 17.96% is 19% below its 5-year average of 22.14%, near the low end of its 5-year range (16.25%–91.67%).
As of the fiscal period ended Tuesday, March 31, 2026. 50.88% below its 12-month average of 36.57%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
17.96%
TAX RATE AVG TTM
36.57%
TAX RATE AVG 3Y
18.62%
TAX RATE AVG 5Y
18.24%
TAX RATE AVG 10Y
19.51%
TAX RATE AVG 15Y
20.53%
TAX RATE AVG 20Y
21.44%
CURRENT VS TTM AVG
-50.88%
CURRENT VS 3Y AVG
-3.54%
CURRENT VS 5Y AVG
-1.50%
CURRENT VS 10Y AVG
-7.92%
CURRENT VS 15Y AVG
-12.53%
CURRENT VS 20Y AVG
-16.21%
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 | 17.96% |
| 2025-12-31 | 18.74% |
| 2025-09-30 | 91.67% |
| 2025-06-30 | 17.92% |
| 2024-12-31 | 17.80% |
| 2024-09-30 | 21.51% |
| 2024-06-30 | 16.55% |
| 2024-03-31 | 18.34% |
| 2023-12-31 | 17.89% |
| 2023-09-30 | 18.33% |
| 2023-06-30 | 18.61% |
| 2023-03-31 | 21.19% |
| 2022-12-31 | 18.94% |
| 2022-09-30 | 18.37% |
| 2022-06-30 | 18.61% |
| 2022-03-31 | 18.61% |
| 2021-12-31 | 17.09% |
| 2021-09-30 | 18.10% |
| 2021-06-30 | 16.25% |
| 2021-03-31 | 20.35% |
| 2020-12-31 | 19.30% |
| 2020-09-30 | 16.80% |
| 2020-06-30 | 19.30% |
| 2020-03-31 | 22.73% |
| 2019-12-31 | 19.80% |
| 2019-09-30 | 20.19% |
| 2019-06-30 | 17.93% |
| 2019-03-31 | 19.87% |
| 2018-12-31 | 27.01% |
| 2018-09-30 | 13.08% |
| 2018-06-30 | 19.41% |
| 2018-03-31 | 11.71% |
| 2017-12-31 | 64.20% |
| 2017-09-30 | -0.27% |
| 2017-06-30 | 45.63% |
| 2017-03-31 | 23.36% |
| 2016-12-31 | 23.29% |
| 2016-09-30 | 25.32% |
| 2016-06-30 | 36.33% |
| 2016-03-31 | 24.72% |
| 2015-12-31 | 25.13% |
| 2015-09-30 | 25.34% |
| 2015-06-30 | 23.71% |
| 2015-03-31 | 22.69% |
| 2014-12-31 | 23.99% |
| 2014-09-30 | 49.94% |
| 2014-06-30 | 23.99% |
| 2014-03-31 | 24.01% |
| 2013-12-31 | 24.20% |
| 2013-09-30 | 13.86% |
| 2013-06-30 | 24.01% |
| 2013-03-31 | 24.30% |
| 2012-12-31 | 24.39% |
| 2012-09-30 | 11.23% |
| 2012-06-30 | 26.74% |
| 2012-03-31 | 2.99% |
| 2011-12-31 | 35.24% |
| 2011-09-30 | 24.94% |
| 2011-06-30 | 24.16% |
| 2011-03-31 | 26.15% |
| 2010-12-31 | 22.80% |
| 2010-09-30 | 25.17% |
| 2010-06-30 | 22.90% |
| 2010-03-31 | 24.73% |
| 2009-12-31 | 24.54% |
| 2009-09-30 | 25.97% |
| 2009-06-30 | 17.54% |
| 2009-03-31 | 25.84% |
| 2008-12-31 | 6.95% |
| 2008-09-30 | 24.36% |
| 2008-06-30 | 21.61% |
| 2008-03-31 | 24.57% |
| 2007-12-31 | 26.16% |
| 2007-09-30 | 18.29% |
| 2007-06-30 | 18.57% |
| 2007-03-31 | 26.40% |
| 2006-12-31 | 27.85% |
| 2006-09-30 | 22.75% |
| 2006-06-30 | 26.18% |
| 2006-03-31 | 28.02% |
| 2005-12-31 | 26.20% |
| 2005-09-30 | 27.16% |
| 2005-06-30 | 24.43% |
| 2005-03-31 | 27.38% |
| 2004-12-31 | 27.50% |
| 2004-09-30 | 24.18% |
| 2004-06-30 | 27.76% |
| 2004-03-31 | 27.48% |
| 2003-12-31 | 27.36% |
| 2003-09-30 | 25.11% |
| 2003-06-30 | -10.55% |
| 2003-03-31 | 29.90% |
| 2002-12-31 | 28.91% |
| 2002-09-30 | 29.16% |
| 2002-06-30 | 29.52% |
