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 20.95% is in line with its 5-year average of 22.75%, near the low end of its 5-year range (18.85%–38.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.17% below its 12-month average of 21.42%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 20.95%.
TAX RATE
20.95%
TAX RATE AVG TTM
21.42%
TAX RATE AVG 3Y
21.84%
TAX RATE AVG 5Y
22.75%
TAX RATE AVG 10Y
21.52%
TAX RATE AVG 15Y
22.92%
TAX RATE AVG 20Y
24.39%
CURRENT VS TTM AVG
-2.17%
CURRENT VS 3Y AVG
-4.06%
CURRENT VS 5Y AVG
-7.89%
CURRENT VS 10Y AVG
-2.65%
CURRENT VS 15Y AVG
-8.58%
CURRENT VS 20Y AVG
-14.08%
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 | 20.95% |
| 2025-09-30 | 21.33% |
| 2025-06-30 | 21.97% |
| 2024-09-30 | 22.03% |
| 2024-03-31 | 22.43% |
| 2023-09-30 | 21.46% |
| 2023-06-30 | 22.69% |
| 2022-09-30 | 38.41% |
| 2022-06-30 | 21.10% |
| 2021-09-30 | 18.85% |
| 2021-06-30 | 19.01% |
| 2020-09-30 | 18.41% |
| 2020-03-31 | 21.60% |
| 2019-09-30 | 19.11% |
| 2019-06-30 | 20.54% |
| 2018-09-30 | 16.49% |
| 2018-06-30 | 20.52% |
| 2017-09-30 | 25.44% |
| 2017-06-30 | 25.38% |
| 2016-09-30 | 24.60% |
| 2016-03-31 | 25.94% |
| 2015-09-30 | 25.43% |
| 2015-06-30 | 23.69% |
| 2014-09-30 | 33.45% |
| 2014-06-30 | 26.76% |
| 2013-09-30 | 1.90% |
| 2013-06-30 | 27.74% |
| 2012-09-30 | 23.08% |
| 2012-03-31 | 28.70% |
| 2011-09-30 | 29.74% |
| 2011-06-30 | 26.79% |
| 2010-09-30 | 26.38% |
| 2010-06-30 | 30.22% |
| 2009-06-30 | 2.34% |
| 2008-09-30 | -15.85% |
| 2008-03-31 | 32.26% |
| 2007-09-30 | 28.19% |
| 2007-06-30 | 31.91% |
| 2006-09-30 | 29.38% |
| 2006-03-31 | 32.71% |
| 2005-09-30 | 32.04% |
| 2005-03-31 | 33.04% |
| 2004-09-30 | 32.95% |
| 2004-03-31 | 23.04% |
| 2003-09-30 | 33.50% |
| 2003-03-31 | 34.59% |
| 2002-09-30 | 35.77% |
| 2002-03-31 | 33.70% |
| 2001-09-30 | 31.74% |
| 2001-03-31 | 36.21% |
| 2000-09-30 | 36.98% |
| 2000-03-31 | 36.70% |
| 1999-09-30 | 41.22% |
| 1999-03-31 | 36.80% |
| 1998-09-30 | 36.76% |
| 1998-03-31 | 37.72% |
| 1997-09-30 | 37.67% |
| 1997-03-31 | 37.65% |
| 1996-09-30 | 38.37% |
| 1996-03-31 | 38.48% |
| 1995-09-30 | 38.42% |
| 1995-03-31 | 38.08% |
| 1994-09-30 | 37.42% |
| 1994-03-31 | 37.54% |
| 1993-09-30 | 39.84% |
| 1993-03-31 | 37.19% |
| 1992-09-30 | 33.78% |
| 1992-03-31 | 33.88% |
| 1991-09-30 | 37.18% |
| 1990-09-30 | 26.61% |
| 1990-03-31 | 38.52% |
