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 19.40% is 12% below its 5-year average of 22.05%, around the middle of its 5-year range (10.51%–25.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.56% above its 12-month average of 19.30%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 19.40%.
TAX RATE
19.40%
TAX RATE AVG TTM
19.30%
TAX RATE AVG 3Y
19.37%
TAX RATE AVG 5Y
22.05%
TAX RATE AVG 10Y
22.35%
TAX RATE AVG 15Y
25.80%
TAX RATE AVG 20Y
24.71%
CURRENT VS TTM AVG
+0.56%
CURRENT VS 3Y AVG
+0.19%
CURRENT VS 5Y AVG
-12.02%
CURRENT VS 10Y AVG
-13.20%
CURRENT VS 15Y AVG
-24.81%
CURRENT VS 20Y AVG
-21.47%
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 | 19.40% |
| 2026-03-31 | 19.05% |
| 2025-12-31 | 19.74% |
| 2025-09-30 | 19.94% |
| 2025-06-30 | 18.35% |
| 2025-03-31 | 17.54% |
| 2024-12-31 | 19.50% |
| 2024-09-30 | 19.95% |
| 2024-06-30 | 19.00% |
| 2024-03-31 | 10.51% |
| 2023-12-31 | 24.15% |
| 2023-09-30 | 24.72% |
| 2023-06-30 | 25.15% |
| 2023-03-31 | 24.98% |
| 2022-12-31 | 23.38% |
| 2022-09-30 | 24.57% |
| 2022-06-30 | 23.89% |
| 2022-03-31 | 25.09% |
| 2021-12-31 | 24.14% |
| 2021-09-30 | 24.44% |
| 2021-06-30 | 24.11% |
| 2021-03-31 | 24.19% |
| 2020-12-31 | 26.06% |
| 2020-09-30 | 24.39% |
| 2020-06-30 | 24.39% |
| 2020-03-31 | 17.66% |
| 2019-12-31 | 22.98% |
| 2019-09-30 | 20.45% |
| 2019-06-30 | 21.76% |
| 2019-03-31 | 23.22% |
| 2018-12-31 | 18.35% |
| 2018-09-30 | 21.28% |
| 2018-06-30 | 18.27% |
| 2018-03-31 | 23.75% |
| 2017-12-31 | 46.97% |
| 2017-09-30 | 32.18% |
| 2017-06-30 | 33.08% |
| 2017-03-31 | 33.63% |
| 2016-12-31 | 35.19% |
| 2016-09-30 | 33.56% |
| 2016-06-30 | 33.67% |
| 2016-03-31 | 33.90% |
| 2015-12-31 | 33.08% |
| 2015-09-30 | 33.65% |
| 2015-06-30 | 33.82% |
| 2015-03-31 | 33.49% |
| 2014-12-31 | 34.54% |
| 2014-09-30 | 36.45% |
| 2014-06-30 | 30.65% |
| 2014-03-31 | 30.50% |
| 2013-12-31 | 28.43% |
| 2013-09-30 | 28.08% |
| 2013-06-30 | 31.34% |
| 2013-03-31 | 31.26% |
| 2012-12-31 | 20.91% |
| 2011-12-31 | 15.71% |
| 2011-09-30 | 24.60% |
| 2011-06-30 | 29.65% |
| 2011-03-31 | 27.88% |
| 2010-12-31 | 20.50% |
| 2010-09-30 | 27.60% |
| 2010-06-30 | 18.19% |
| 2010-03-31 | 25.07% |
| 2009-12-31 | 19.75% |
| 2009-09-30 | 27.53% |
| 2009-06-30 | 26.88% |
| 2009-03-31 | 16.72% |
| 2008-09-30 | -7.57% |
| 2008-06-30 | -9.10% |
| 2008-03-31 | 21.56% |
| 2007-12-31 | -3.35% |
| 2007-09-30 | 23.32% |
| 2007-06-30 | 26.79% |
| 2007-03-31 | 17.35% |
| 2006-12-31 | 19.69% |
| 2006-09-30 | 18.91% |
| 2006-06-30 | 16.08% |
| 2006-03-31 | 24.60% |
| 2005-12-31 | 15.12% |
| 2005-09-30 | 3.85% |
| 2005-06-30 | 24.28% |
| 2005-03-31 | 24.33% |
| 2004-12-31 | 22.26% |
| 2004-09-30 | 27.52% |
| 2004-06-30 | 19.80% |
| 2004-03-31 | 22.99% |
| 2003-12-31 | 18.45% |
| 2003-09-30 | 22.57% |
| 2003-06-30 | 21.43% |
| 2003-03-31 | 22.79% |
| 2002-12-31 | 16.79% |
| 2002-09-30 | 21.48% |
| 2002-06-30 | 21.54% |
| 2002-03-31 | 21.77% |
| 2001-12-31 | 11.40% |
