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 19.73% is in line with its 5-year average of 19.56%, near the high end of its 5-year range (10.88%–22.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.80% above its 12-month average of 19.19%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 19.73%.
TAX RATE
19.73%
TAX RATE AVG TTM
19.19%
TAX RATE AVG 3Y
19.61%
TAX RATE AVG 5Y
19.56%
TAX RATE AVG 10Y
18.91%
TAX RATE AVG 15Y
21.15%
TAX RATE AVG 20Y
23.09%
CURRENT VS TTM AVG
+2.80%
CURRENT VS 3Y AVG
+0.59%
CURRENT VS 5Y AVG
+0.85%
CURRENT VS 10Y AVG
+4.34%
CURRENT VS 15Y AVG
-6.74%
CURRENT VS 20Y AVG
-14.57%
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 | 19.73% |
| 2026-03-31 | 19.70% |
| 2025-12-31 | 18.01% |
| 2025-09-30 | 20.69% |
| 2025-06-30 | 17.82% |
| 2025-03-31 | 21.38% |
| 2024-12-31 | 20.30% |
| 2024-09-30 | 19.55% |
| 2024-06-30 | 22.63% |
| 2024-03-31 | 20.60% |
| 2023-12-31 | 18.78% |
| 2023-09-30 | 19.28% |
| 2023-06-30 | 19.51% |
| 2023-03-31 | 20.68% |
| 2022-12-31 | 16.79% |
| 2022-09-30 | 19.16% |
| 2022-06-30 | 19.10% |
| 2022-03-31 | 19.63% |
| 2021-12-31 | 10.88% |
| 2021-09-30 | 14.71% |
| 2021-06-30 | 18.35% |
| 2021-03-31 | 17.73% |
| 2020-12-31 | 14.33% |
| 2020-09-30 | 18.19% |
| 2020-06-30 | 17.32% |
| 2020-03-31 | 18.11% |
| 2019-12-31 | 21.94% |
| 2019-09-30 | 17.92% |
| 2019-06-30 | 18.45% |
| 2019-03-31 | 17.61% |
| 2018-12-31 | 17.55% |
| 2018-09-30 | 16.29% |
| 2018-06-30 | 15.59% |
| 2018-03-31 | 17.44% |
| 2017-12-31 | 40.15% |
| 2017-09-30 | 25.88% |
| 2017-06-30 | 25.66% |
| 2017-03-31 | 20.89% |
| 2016-12-31 | 21.94% |
| 2016-09-30 | 22.97% |
| 2016-06-30 | 25.75% |
| 2016-03-31 | 25.72% |
| 2015-12-31 | 24.88% |
| 2015-09-30 | 26.16% |
| 2015-06-30 | 25.83% |
| 2015-03-31 | 26.00% |
| 2014-12-31 | 24.74% |
| 2014-09-30 | 23.92% |
| 2014-06-30 | 24.50% |
| 2014-03-31 | 24.50% |
| 2013-12-31 | 23.14% |
| 2013-09-30 | 19.98% |
| 2013-06-30 | 25.75% |
| 2013-03-31 | 25.02% |
| 2012-12-31 | 23.13% |
| 2012-09-30 | 23.68% |
| 2012-06-30 | 27.00% |
| 2012-03-31 | 27.00% |
| 2011-12-31 | 23.46% |
| 2011-09-30 | 28.01% |
| 2011-06-30 | 27.97% |
| 2011-03-31 | 28.03% |
| 2010-12-31 | 25.93% |
| 2010-09-30 | 26.51% |
| 2010-06-30 | 28.99% |
| 2010-03-31 | 27.83% |
| 2009-12-31 | 24.06% |
| 2009-09-30 | 23.02% |
| 2009-06-30 | 25.97% |
| 2009-03-31 | 27.54% |
| 2008-12-31 | 25.33% |
| 2008-09-30 | 29.70% |
| 2008-06-30 | 26.47% |
| 2008-03-31 | 27.77% |
| 2007-12-31 | 28.81% |
| 2007-09-30 | 31.78% |
| 2007-06-30 | 31.72% |
| 2007-03-31 | 33.45% |
| 2006-12-31 | 34.07% |
| 2006-09-30 | 35.70% |
| 2006-06-30 | 35.57% |
| 2006-03-31 | 35.09% |
| 2005-12-31 | 18.30% |
| 2005-09-30 | 33.85% |
| 2005-06-30 | 35.04% |
| 2005-03-31 | 33.24% |
| 2004-12-31 | 29.58% |
| 2004-09-30 | 27.11% |
| 2004-06-30 | 28.36% |
| 2004-03-31 | 30.51% |
| 2003-12-31 | 29.42% |
| 2003-09-30 | 31.62% |
| 2003-06-30 | 31.65% |
| 2003-03-31 | 28.19% |
| 2002-12-31 | 26.31% |
| 2002-09-30 | 27.80% |
