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 17.37% is in line with its 5-year average of 18.04%, around the middle of its 5-year range (9.25%–21.22%).
As of the fiscal period ended Tuesday, March 31, 2026. 5.43% above its 12-month average of 16.48%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
17.37%
TAX RATE AVG TTM
16.48%
TAX RATE AVG 3Y
18.89%
TAX RATE AVG 5Y
18.56%
TAX RATE AVG 10Y
19.03%
TAX RATE AVG 15Y
23.99%
TAX RATE AVG 20Y
25.73%
CURRENT VS TTM AVG
+5.43%
CURRENT VS 3Y AVG
-8.04%
CURRENT VS 5Y AVG
-6.38%
CURRENT VS 10Y AVG
-8.72%
CURRENT VS 15Y AVG
-27.59%
CURRENT VS 20Y AVG
-32.50%
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 | 17.37% |
| 2025-12-31 | 21.22% |
| 2025-09-30 | 19.00% |
| 2025-06-30 | 15.55% |
| 2025-03-31 | 9.25% |
| 2024-12-31 | 17.79% |
| 2024-09-30 | 18.54% |
| 2024-06-30 | 20.03% |
| 2024-03-31 | 18.30% |
| 2023-12-31 | 19.56% |
| 2023-06-30 | 20.33% |
| 2023-03-31 | 20.10% |
| 2022-12-31 | 17.51% |
| 2022-03-31 | 18.00% |
| 2021-12-31 | 18.50% |
| 2021-09-30 | 14.74% |
| 2021-06-30 | 20.42% |
| 2021-03-31 | 18.50% |
| 2020-12-31 | 20.42% |
| 2020-09-30 | 19.82% |
| 2020-06-30 | 25.42% |
| 2019-12-31 | 20.57% |
| 2019-09-30 | 18.70% |
| 2019-06-30 | 20.19% |
| 2019-03-31 | 21.39% |
| 2018-09-30 | 19.18% |
| 2018-06-30 | 20.01% |
| 2017-12-31 | -410.97% |
| 2017-09-30 | 25.35% |
| 2017-06-30 | 28.94% |
| 2017-03-31 | 27.23% |
| 2016-12-31 | 31.77% |
| 2016-09-30 | 30.33% |
| 2016-06-30 | 31.06% |
| 2016-03-31 | 12.38% |
| 2015-12-31 | 24.85% |
| 2015-09-30 | 32.30% |
| 2015-06-30 | 29.75% |
| 2015-03-31 | 31.57% |
| 2014-12-31 | 27.79% |
| 2014-09-30 | 30.06% |
| 2014-06-30 | 27.57% |
| 2014-03-31 | 27.66% |
| 2013-12-31 | 29.99% |
| 2013-09-30 | 30.16% |
| 2013-06-30 | 33.07% |
| 2013-03-31 | 31.23% |
| 2012-12-31 | 30.99% |
| 2012-09-30 | 31.70% |
| 2012-06-30 | 29.99% |
| 2012-03-31 | 31.74% |
| 2011-12-31 | 28.32% |
| 2011-09-30 | 28.34% |
| 2011-06-30 | 32.76% |
| 2011-03-31 | 28.16% |
| 2010-12-31 | 30.98% |
| 2010-09-30 | 31.21% |
| 2010-06-30 | 28.86% |
| 2010-03-31 | 26.21% |
| 2009-12-31 | 32.05% |
| 2009-09-30 | 33.09% |
| 2009-06-30 | 31.73% |
| 2008-12-31 | -112.84% |
| 2008-09-30 | 19.57% |
| 2008-06-30 | 32.27% |
| 2008-03-31 | 28.08% |
| 2007-12-31 | 31.45% |
| 2007-09-30 | 32.09% |
| 2007-06-30 | 33.58% |
| 2007-03-31 | 34.09% |
| 2006-12-31 | 30.48% |
| 2006-09-30 | 33.74% |
| 2006-06-30 | 33.54% |
| 2006-03-31 | 34.38% |
| 2005-12-31 | 33.67% |
| 2005-09-30 | 27.78% |
| 2005-06-30 | 32.08% |
| 2005-03-31 | 30.41% |
| 2004-12-31 | 31.86% |
| 2004-09-30 | 36.18% |
| 2004-06-30 | 32.24% |
| 2004-03-31 | 31.87% |
| 2003-12-31 | 32.54% |
| 2003-09-30 | 29.67% |
| 2003-06-30 | 32.32% |
| 2003-03-31 | 31.57% |
| 2002-12-31 | 35.60% |
| 2002-09-30 | 31.25% |
| 2002-06-30 | 30.63% |
