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 23.20% is 10% above its 5-year average of 21.01%, near the high end of its 5-year range (16.02%–23.20%).
As of the fiscal period ended Sunday, May 31, 2026. 5.22% above its 12-month average of 22.05%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-05-31): 23.20%.
TAX RATE
23.20%
TAX RATE AVG TTM
22.05%
TAX RATE AVG 3Y
21.23%
TAX RATE AVG 5Y
21.01%
TAX RATE AVG 10Y
21.20%
TAX RATE AVG 15Y
26.55%
TAX RATE AVG 20Y
29.17%
CURRENT VS TTM AVG
+5.22%
CURRENT VS 3Y AVG
+9.26%
CURRENT VS 5Y AVG
+10.45%
CURRENT VS 10Y AVG
+9.46%
CURRENT VS 15Y AVG
-12.61%
CURRENT VS 20Y AVG
-20.48%
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 |
|---|---|
| 2026-05-31 | 23.20% |
| 2026-02-28 | 23.10% |
| 2025-08-31 | 20.90% |
| 2025-05-31 | 20.99% |
| 2024-11-30 | 18.44% |
| 2023-08-31 | 21.00% |
| 2023-05-31 | 21.00% |
| 2023-02-28 | 21.04% |
| 2022-11-30 | 16.02% |
| 2022-08-31 | 21.09% |
| 2022-05-31 | 21.10% |
| 2021-11-30 | 20.70% |
| 2021-08-31 | 21.38% |
| 2021-05-31 | 20.86% |
| 2017-08-31 | 54.79% |
| 2016-05-31 | 42.70% |
| 2016-02-29 | 31.62% |
| 2015-05-31 | 34.57% |
| 2015-02-28 | 31.29% |
| 2014-11-30 | 18.17% |
| 2014-08-31 | 33.90% |
| 2014-05-31 | 24.23% |
| 2013-11-30 | -3.25% |
| 2013-08-31 | 46.34% |
| 2013-05-31 | 27.55% |
| 2013-02-28 | 35.05% |
| 2012-11-30 | 30.42% |
| 2012-08-31 | 34.49% |
| 2012-05-31 | 33.36% |
| 2012-02-29 | 33.06% |
| 2011-11-30 | 15.06% |
| 2011-08-31 | 25.24% |
| 2011-05-31 | 35.09% |
| 2010-11-30 | 13.92% |
| 2010-08-31 | 35.56% |
| 2010-05-31 | 32.27% |
| 2010-02-28 | 29.89% |
| 2009-11-30 | 37.99% |
| 2009-08-31 | 34.36% |
| 2009-05-31 | 35.14% |
| 2009-02-28 | 35.10% |
| 2008-08-31 | 33.31% |
| 2008-05-31 | 31.05% |
| 2008-02-29 | 34.95% |
| 2007-11-30 | 17.29% |
| 2007-08-31 | 38.68% |
| 2007-05-31 | 33.34% |
| 2007-02-28 | 34.84% |
| 2006-11-30 | 22.45% |
| 2006-08-31 | 45.97% |
| 2006-05-31 | 34.83% |
| 2006-02-28 | 36.00% |
| 2005-11-30 | 28.10% |
| 2005-08-31 | 34.00% |
| 2005-05-31 | 39.74% |
| 2005-02-28 | 34.00% |
| 2004-11-30 | -45.09% |
| 2004-08-31 | -70.10% |
| 2004-05-31 | -64.11% |
| 2004-02-29 | 0.00% |
| 2003-11-30 | -493.14% |
| 2003-08-31 | 0.00% |
| 2003-05-31 | 0.00% |
| 2003-02-28 | 1.77% |
| 2002-11-30 | 3.22% |
| 2002-08-31 | 0.00% |
