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 38.35% is in line with its 5-year average of 38.85%, around the middle of its 5-year range (30.01%–57.16%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.58% below its 12-month average of 38.96%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
38.35%
TAX RATE AVG TTM
38.96%
TAX RATE AVG 3Y
39.21%
TAX RATE AVG 5Y
38.85%
TAX RATE AVG 10Y
36.60%
TAX RATE AVG 15Y
35.67%
TAX RATE AVG 20Y
34.89%
CURRENT VS TTM AVG
-1.58%
CURRENT VS 3Y AVG
-2.20%
CURRENT VS 5Y AVG
-1.29%
CURRENT VS 10Y AVG
+4.78%
CURRENT VS 15Y AVG
+7.51%
CURRENT VS 20Y AVG
+9.92%
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 |
|---|---|
| 2025-12-31 | 38.35% |
| 2025-06-30 | 39.51% |
| 2024-12-31 | 39.04% |
| 2024-06-30 | 34.57% |
| 2023-12-31 | 57.16% |
| 2023-06-30 | 35.85% |
| 2022-12-31 | 30.01% |
| 2022-06-30 | 30.99% |
| 2021-12-31 | 34.22% |
| 2021-06-30 | 43.35% |
| 2020-12-31 | 44.30% |
| 2020-06-30 | 38.01% |
| 2019-12-31 | 33.38% |
| 2019-06-30 | 38.44% |
| 2018-12-31 | 34.68% |
| 2018-06-30 | 35.25% |
| 2017-12-31 | 63.02% |
| 2017-06-30 | 35.25% |
| 2016-12-31 | 37.01% |
| 2016-06-30 | 337.00% |
| 2015-06-30 | 100.56% |
| 2014-12-31 | 42.93% |
| 2014-06-30 | 100.56% |
| 2013-12-31 | 42.93% |
| 2013-06-30 | 38.27% |
| 2012-12-31 | 29.64% |
| 2012-06-30 | 19.37% |
| 2011-12-31 | 33.29% |
| 2011-06-30 | 23.39% |
| 2010-12-31 | 23.39% |
| 2010-06-30 | 33.53% |
| 2009-12-31 | 33.53% |
| 2009-06-30 | 45.44% |
| 2008-12-31 | 45.44% |
| 2008-06-30 | 32.03% |
| 2007-12-31 | 32.03% |
| 2007-06-30 | 25.07% |
| 2006-12-31 | 25.07% |
| 2006-06-30 | 25.64% |
| 2005-12-31 | 25.64% |
| 2005-06-30 | 23.12% |
| 2004-12-31 | 23.12% |
| 2004-06-30 | 16.08% |
| 2003-12-31 | 16.08% |
| 2003-06-30 | 34.83% |
| 2002-12-31 | 34.83% |
| 2002-06-30 | 45.27% |
| 2001-12-31 | 45.27% |
| 2001-06-30 | 34.69% |
| 2000-12-31 | 34.69% |
| 2000-06-30 | 6.72% |
| 1999-12-30 | 6.72% |
| 1997-05-31 | 68.09% |
| 1996-11-30 | 68.09% |
| 1996-05-31 | 41.83% |
| 1995-11-30 | 41.83% |
| 1995-05-31 | 45.47% |
| 1994-11-30 | 45.47% |
| 1994-05-31 | 37.00% |
| 1993-11-30 | 37.00% |
| 1993-05-31 | 33.29% |
| 1992-11-30 | 33.29% |
| 1992-05-31 | 58.90% |
| 1991-11-30 | 58.90% |
| 1991-05-31 | 28.74% |
| 1990-11-30 | 28.74% |
| 1990-05-31 | 34.47% |
| 1989-11-30 | 34.47% |
| 1989-05-31 | 32.69% |
| 1988-11-30 | 32.69% |
| 1988-05-31 | 41.03% |
| 1987-11-30 | 41.03% |
| 1987-05-31 | 43.05% |
| 1986-11-30 | 43.05% |
