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 27.02% is in line with its 5-year average of 25.29%, near the high end of its 5-year range (11.76%–32.33%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.60% below its 12-month average of 27.18%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
27.02%
TAX RATE AVG TTM
27.18%
TAX RATE AVG 3Y
25.19%
TAX RATE AVG 5Y
25.29%
TAX RATE AVG 10Y
24.53%
TAX RATE AVG 15Y
22.47%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-0.60%
CURRENT VS 3Y AVG
+7.24%
CURRENT VS 5Y AVG
+6.81%
CURRENT VS 10Y AVG
+10.14%
CURRENT VS 15Y AVG
+20.23%
CURRENT VS 20Y AVG
N/A
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 | 27.02% |
| 2025-06-30 | 26.77% |
| 2024-12-31 | 27.75% |
| 2024-06-30 | 32.33% |
| 2023-12-31 | 19.74% |
| 2023-06-30 | 30.97% |
| 2022-12-31 | 11.76% |
| 2022-06-30 | 19.39% |
| 2021-12-31 | 26.91% |
| 2021-06-30 | 28.59% |
| 2020-12-31 | 27.01% |
| 2019-12-31 | 25.42% |
| 2019-06-30 | 19.64% |
| 2018-12-31 | 40.47% |
| 2018-06-30 | 28.45% |
| 2017-12-31 | 14.24% |
| 2017-06-30 | 21.77% |
| 2016-12-31 | 29.19% |
| 2016-06-30 | 50.15% |
| 2015-12-31 | 24.59% |
| 2015-06-30 | 17.35% |
| 2014-12-31 | 18.55% |
| 2014-06-30 | 17.54% |
| 2013-12-31 | 15.95% |
| 2013-06-30 | 7.57% |
| 2012-12-31 | 16.61% |
| 2012-06-30 | 13.94% |
| 2011-12-31 | 18.82% |
| 2011-06-30 | 19.03% |
| 2010-12-31 | 24.27% |
| 2010-06-30 | 26.03% |
