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 27.64% is 14% below its 5-year average of 32.14%, near the low end of its 5-year range (2.70%–87.32%).
As of the fiscal period ended Tuesday, March 31, 2026. 20.24% below its 12-month average of 34.65%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
27.64%
TAX RATE AVG TTM
34.65%
TAX RATE AVG 3Y
36.60%
TAX RATE AVG 5Y
32.14%
TAX RATE AVG 10Y
20.11%
TAX RATE AVG 15Y
16.34%
TAX RATE AVG 20Y
16.75%
CURRENT VS TTM AVG
-20.24%
CURRENT VS 3Y AVG
-24.49%
CURRENT VS 5Y AVG
-13.99%
CURRENT VS 10Y AVG
+37.42%
CURRENT VS 15Y AVG
+69.18%
CURRENT VS 20Y AVG
+64.96%
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 |
|---|---|
| 2026-03-31 | 27.64% |
| 2025-12-31 | 6.35% |
| 2025-09-30 | 63.96% |
| 2025-06-30 | 11.27% |
| 2025-03-31 | 64.05% |
| 2024-12-31 | 71.94% |
| 2024-09-30 | 8.33% |
| 2024-03-31 | 35.13% |
| 2023-12-31 | 2.70% |
| 2023-09-30 | 87.32% |
| 2023-06-30 | 21.29% |
| 2023-03-31 | 39.26% |
| 2022-12-31 | 68.35% |
| 2022-09-30 | 42.30% |
| 2022-06-30 | 8.73% |
| 2022-03-31 | 19.30% |
| 2021-12-31 | 12.97% |
| 2021-09-30 | 20.85% |
| 2021-06-30 | 18.38% |
| 2021-03-31 | 12.59% |
| 2020-12-31 | 11.81% |
| 2020-09-30 | 29.34% |
| 2020-03-31 | 175.85% |
| 2019-12-31 | 10.88% |
| 2019-09-30 | -11.42% |
| 2019-06-30 | 25.34% |
| 2019-03-31 | 15.82% |
| 2018-12-31 | -41.23% |
| 2018-09-30 | 13.27% |
| 2018-06-30 | 16.92% |
| 2018-03-31 | 7.62% |
| 2017-12-31 | 5.02% |
| 2017-09-30 | 20.70% |
| 2017-06-30 | 11.05% |
| 2017-03-31 | 19.44% |
| 2016-12-31 | 68.51% |
| 2016-09-30 | -96.40% |
| 2016-06-30 | 28.61% |
| 2016-03-31 | 24.11% |
| 2015-12-31 | 15.52% |
| 2015-09-30 | 14.65% |
| 2015-06-30 | -44.28% |
| 2015-03-31 | 12.26% |
| 2014-12-31 | 20.76% |
| 2014-09-30 | 3.31% |
| 2014-06-30 | 18.17% |
| 2014-03-31 | 36.95% |
| 2013-12-31 | 11.83% |
| 2013-09-30 | 15.01% |
| 2013-06-30 | 31.57% |
| 2013-03-31 | 12.22% |
| 2012-12-31 | 19.75% |
| 2012-09-30 | 14.97% |
| 2012-06-30 | -4.70% |
| 2012-03-31 | 20.83% |
| 2011-12-31 | 14.29% |
| 2011-09-30 | 11.17% |
| 2011-06-30 | 10.26% |
| 2011-03-31 | 6.10% |
| 2010-12-31 | 1.10% |
| 2010-09-30 | 17.79% |
| 2010-06-30 | -3.90% |
| 2010-03-31 | 12.23% |
| 2009-12-31 | 6.49% |
| 2008-12-31 | 19.54% |
| 2008-09-30 | 38.55% |
| 2008-06-30 | 8.33% |
| 2008-03-31 | -0.51% |
| 2007-12-31 | -2.11% |
| 2007-09-30 | -22.37% |
| 2007-06-30 | 38.31% |
| 2007-03-31 | 30.36% |
| 2006-12-31 | 25.36% |
| 2006-09-30 | 22.71% |
| 2006-06-30 | 47.67% |
| 2006-03-31 | 26.64% |
| 2005-12-31 | 27.78% |
| 2005-09-30 | 21.01% |
| 2005-06-30 | 18.67% |
| 2005-03-31 | 16.67% |
| 2004-12-31 | -29.13% |
| 2004-09-30 | 48.04% |
| 2004-06-30 | 23.39% |
| 2004-03-31 | 26.02% |
| 2003-12-31 | 25.89% |
| 2003-09-30 | 29.08% |
| 2003-06-30 | 32.26% |
| 2003-03-31 | 33.33% |
| 2002-09-30 | 31.33% |
| 2002-06-30 | 25.25% |
