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 22.51% is in line with its 5-year average of 22.18%, around the middle of its 5-year range (18.37%–24.65%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.13% below its 12-month average of 23.00%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.51%
TAX RATE AVG TTM
23.00%
TAX RATE AVG 3Y
22.08%
TAX RATE AVG 5Y
22.84%
TAX RATE AVG 10Y
22.17%
TAX RATE AVG 15Y
24.60%
TAX RATE AVG 20Y
24.66%
CURRENT VS TTM AVG
-2.13%
CURRENT VS 3Y AVG
+1.95%
CURRENT VS 5Y AVG
-1.45%
CURRENT VS 10Y AVG
+1.57%
CURRENT VS 15Y AVG
-8.48%
CURRENT VS 20Y AVG
-8.70%
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 | 22.51% |
| 2025-06-30 | 23.24% |
| 2025-03-31 | 23.26% |
| 2024-09-30 | 24.19% |
| 2024-03-31 | 21.82% |
| 2023-12-31 | 18.37% |
| 2023-09-30 | 22.50% |
| 2023-03-31 | 18.70% |
| 2022-12-31 | 24.15% |
| 2021-09-30 | 21.79% |
| 2021-06-30 | 20.98% |
| 2021-03-31 | 24.65% |
| 2020-12-31 | 22.20% |
| 2020-09-30 | 21.94% |
| 2020-06-30 | 22.43% |
| 2020-03-31 | 23.68% |
| 2019-12-31 | 20.87% |
| 2019-06-30 | 22.19% |
| 2019-03-31 | 23.25% |
| 2018-09-30 | 23.08% |
| 2018-06-30 | 21.18% |
| 2018-03-31 | 23.96% |
| 2017-12-31 | -85.49% |
| 2017-09-30 | 29.50% |
| 2017-06-30 | -349.55% |
| 2017-03-31 | 38.39% |
| 2016-09-30 | 18.88% |
| 2016-06-30 | 32.94% |
| 2016-03-31 | 39.21% |
| 2015-12-31 | 8.70% |
| 2015-09-30 | 31.65% |
| 2015-06-30 | 28.12% |
| 2015-03-31 | 33.25% |
| 2014-12-31 | 14.67% |
| 2014-09-30 | 48.79% |
| 2014-06-30 | 35.18% |
| 2014-03-31 | 54.13% |
| 2013-12-31 | 32.29% |
| 2013-06-30 | 27.25% |
| 2013-03-31 | 13.05% |
| 2012-12-31 | 28.14% |
| 2012-09-30 | 20.64% |
| 2012-06-30 | 26.44% |
| 2012-03-31 | 32.99% |
| 2011-12-31 | 19.90% |
| 2011-09-30 | 17.77% |
| 2011-06-30 | 30.78% |
| 2011-03-31 | 31.75% |
| 2010-12-31 | -18.77% |
| 2010-09-30 | 22.15% |
| 2010-06-30 | 30.41% |
| 2010-03-31 | 28.96% |
| 2009-12-31 | 8.48% |
| 2009-09-30 | 23.27% |
| 2009-06-30 | 20.24% |
| 2009-03-31 | 25.90% |
| 2008-12-31 | 260.34% |
| 2008-09-30 | 28.90% |
| 2008-06-30 | 19.00% |
| 2008-03-31 | 27.48% |
| 2007-12-31 | -8.52% |
| 2007-09-30 | 20.33% |
| 2007-06-30 | 28.12% |
| 2007-03-31 | 27.89% |
| 2006-12-31 | 30.18% |
| 2006-09-30 | 28.65% |
| 2006-06-30 | 22.91% |
| 2006-03-31 | 28.90% |
| 2005-12-31 | -49.38% |
| 2005-09-30 | 22.00% |
| 2005-06-30 | 27.86% |
| 2005-03-31 | 22.49% |
| 2004-12-31 | 37.52% |
| 2004-09-30 | 31.01% |
| 2004-06-30 | 30.86% |
| 2004-03-31 | 28.40% |
| 2003-12-31 | 33.00% |
| 2003-09-30 | 33.00% |
| 2003-06-30 | 33.00% |
| 2003-03-31 | 33.00% |
| 2002-12-31 | 35.00% |
| 2002-09-30 | 37.01% |
| 2002-06-30 | 36.17% |
