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 23.05% is 21% above its 5-year average of 19.11%, around the middle of its 5-year range (13.72%–32.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.68% above its 12-month average of 21.41%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 23.05%.
TAX RATE
23.05%
TAX RATE AVG TTM
21.41%
TAX RATE AVG 3Y
18.18%
TAX RATE AVG 5Y
19.11%
TAX RATE AVG 10Y
19.44%
TAX RATE AVG 15Y
22.98%
TAX RATE AVG 20Y
23.23%
CURRENT VS TTM AVG
+7.68%
CURRENT VS 3Y AVG
+26.83%
CURRENT VS 5Y AVG
+20.65%
CURRENT VS 10Y AVG
+18.59%
CURRENT VS 15Y AVG
+0.31%
CURRENT VS 20Y AVG
-0.74%
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 | 23.05% |
| 2026-03-31 | 22.50% |
| 2025-12-31 | 21.31% |
| 2025-09-30 | 20.23% |
| 2025-06-30 | 19.96% |
| 2025-03-31 | 18.74% |
| 2024-12-31 | 19.02% |
| 2024-09-30 | 15.19% |
| 2024-06-30 | 14.99% |
| 2024-03-31 | 15.29% |
| 2023-12-31 | 13.72% |
| 2023-09-30 | 16.96% |
| 2023-06-30 | 15.36% |
| 2023-03-31 | 17.35% |
| 2022-12-31 | 19.83% |
| 2022-09-30 | 20.61% |
| 2022-06-30 | 32.62% |
| 2022-03-31 | 20.27% |
| 2021-12-31 | 25.88% |
| 2021-09-30 | 21.22% |
| 2021-06-30 | 20.70% |
| 2021-03-31 | 20.65% |
| 2020-12-31 | 18.24% |
| 2020-09-30 | 20.37% |
| 2020-06-30 | 18.65% |
| 2020-03-31 | 17.54% |
| 2019-12-31 | 9.79% |
| 2019-09-30 | 20.43% |
| 2019-06-30 | 21.16% |
| 2019-03-31 | 20.67% |
| 2018-12-31 | 20.42% |
| 2018-09-30 | 21.22% |
| 2018-06-30 | 20.41% |
| 2018-03-31 | 20.16% |
| 2017-12-31 | 52.11% |
| 2017-09-30 | 30.57% |
| 2017-06-30 | 29.49% |
| 2017-03-31 | 29.06% |
| 2016-12-31 | 29.91% |
| 2016-09-30 | 33.34% |
| 2016-06-30 | 29.11% |
| 2016-03-31 | 28.28% |
| 2015-12-31 | 28.49% |
| 2015-09-30 | 28.95% |
| 2015-06-30 | 26.55% |
| 2015-03-31 | 27.23% |
| 2014-12-31 | 24.59% |
| 2014-09-30 | 27.19% |
| 2014-06-30 | 26.83% |
| 2014-03-31 | 28.29% |
| 2013-12-31 | 25.14% |
| 2013-09-30 | 25.88% |
| 2013-06-30 | 23.71% |
| 2013-03-31 | 25.22% |
| 2012-12-31 | 24.77% |
| 2012-09-30 | 26.13% |
| 2012-06-30 | 24.26% |
| 2012-03-31 | 24.98% |
| 2011-12-31 | 22.40% |
| 2011-09-30 | 26.66% |
| 2011-06-30 | 24.25% |
| 2011-03-31 | 25.09% |
| 2010-12-31 | 25.29% |
| 2010-09-30 | 25.67% |
| 2010-06-30 | 25.44% |
| 2010-03-31 | 26.66% |
| 2009-12-31 | 11.59% |
| 2009-09-30 | 22.49% |
| 2009-06-30 | 20.54% |
| 2009-03-31 | 22.69% |
| 2008-12-31 | 25.43% |
| 2008-06-30 | 17.16% |
| 2008-03-31 | 27.75% |
| 2007-12-31 | 24.67% |
| 2007-09-30 | 25.19% |
| 2007-06-30 | 24.36% |
| 2007-03-31 | 22.94% |
| 2006-12-31 | 21.42% |
| 2006-09-30 | 24.36% |
| 2006-06-30 | 25.19% |
| 2006-03-31 | 23.74% |
| 2005-12-31 | 24.37% |
| 2005-09-30 | 24.80% |
| 2005-06-30 | 25.31% |
| 2005-03-31 | 24.82% |
| 2004-12-31 | 24.61% |
| 2004-10-15 | 24.03% |
| 2004-06-30 | 28.81% |
| 2004-03-31 | 25.01% |
| 2003-12-31 | 24.93% |
| 2003-09-30 | 28.77% |
| 2003-06-30 | 25.96% |
| 2003-03-31 | 28.28% |
| 2002-12-31 | 27.82% |
| 2002-09-30 | 28.41% |
