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 20.34% is 14% below its 5-year average of 23.60%, near the low end of its 5-year range (18.10%–36.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.32% below its 12-month average of 21.25%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.34%
TAX RATE AVG TTM
21.25%
TAX RATE AVG 3Y
21.25%
TAX RATE AVG 5Y
23.60%
TAX RATE AVG 10Y
23.31%
TAX RATE AVG 15Y
25.03%
TAX RATE AVG 20Y
25.73%
CURRENT VS TTM AVG
-4.32%
CURRENT VS 3Y AVG
-4.31%
CURRENT VS 5Y AVG
-13.82%
CURRENT VS 10Y AVG
-12.77%
CURRENT VS 15Y AVG
-18.75%
CURRENT VS 20Y AVG
-20.97%
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 | 20.34% |
| 2025-12-31 | 25.32% |
| 2025-06-30 | 18.10% |
| 2024-06-30 | 18.59% |
| 2023-06-30 | 23.91% |
| 2022-12-31 | 21.63% |
| 2022-06-30 | 36.69% |
| 2021-12-31 | 23.73% |
| 2021-06-30 | 24.06% |
| 2020-12-31 | 25.83% |
| 2020-06-30 | 22.95% |
| 2019-12-31 | 26.98% |
| 2019-06-30 | 25.12% |
| 2018-12-31 | 21.63% |
| 2018-06-30 | 30.06% |
| 2017-12-31 | -33.24% |
| 2017-06-30 | 22.46% |
| 2016-12-31 | 25.58% |
| 2016-06-30 | 19.99% |
| 2015-12-31 | 26.29% |
| 2015-06-30 | 20.39% |
| 2014-12-31 | 32.54% |
| 2014-06-30 | 27.85% |
| 2013-12-31 | 28.38% |
| 2013-06-30 | 26.85% |
| 2012-12-31 | 27.02% |
| 2012-06-30 | 27.02% |
| 2011-12-31 | 31.56% |
| 2011-06-30 | 31.56% |
| 2010-12-31 | 28.44% |
| 2010-06-30 | 28.44% |
| 2009-12-31 | 27.55% |
| 2009-06-30 | 27.55% |
| 2008-12-31 | 29.27% |
| 2008-09-30 | 28.33% |
| 2008-06-30 | 27.92% |
| 2008-03-31 | 25.72% |
| 2007-12-31 | 25.08% |
| 2007-09-30 | 24.68% |
| 2007-06-30 | 25.97% |
| 2007-03-31 | 27.00% |
| 2006-12-31 | 29.07% |
| 2006-06-30 | 24.23% |
| 2006-03-31 | 26.65% |
| 2005-12-31 | 25.18% |
| 2005-09-30 | 28.96% |
| 2005-06-30 | 25.97% |
| 2005-03-31 | 26.52% |
| 2004-12-31 | 22.36% |
| 2004-09-30 | 9.49% |
| 2004-06-30 | 32.19% |
| 2003-12-31 | 54.29% |
| 2003-09-30 | 43.43% |
| 2003-06-30 | 69.39% |
| 2003-03-31 | 41.67% |
| 2002-12-31 | 38.30% |
| 2002-09-30 | 33.85% |
| 2002-06-30 | 41.08% |
| 2002-03-31 | 43.63% |
| 2001-12-31 | 51.54% |
| 2001-09-30 | 36.78% |
| 2001-06-30 | 50.60% |
| 2001-03-31 | 37.19% |
| 2000-12-31 | 45.09% |
| 2000-09-30 | 43.62% |
| 2000-06-30 | 38.21% |
| 2000-03-31 | 53.89% |
| 1999-12-31 | 49.09% |
| 1999-06-30 | 49.09% |
| 1998-12-31 | 37.53% |
| 1998-06-30 | 37.53% |
| 1997-12-31 | 40.80% |
| 1997-06-30 | 40.80% |
| 1996-12-31 | 31.98% |
| 1996-06-30 | 31.98% |
| 1995-12-31 | 33.56% |
| 1995-06-30 | 33.56% |
