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 23.67% is in line with its 5-year average of 23.16%, near the high end of its 5-year range (17.76%–25.03%).
As of the fiscal period ended Thursday, April 30, 2026. 0.16% above its 12-month average of 23.63%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.67%
TAX RATE AVG TTM
23.63%
TAX RATE AVG 3Y
23.60%
TAX RATE AVG 5Y
23.66%
TAX RATE AVG 10Y
23.25%
TAX RATE AVG 15Y
28.50%
TAX RATE AVG 20Y
30.59%
CURRENT VS TTM AVG
+0.16%
CURRENT VS 3Y AVG
+0.27%
CURRENT VS 5Y AVG
+0.04%
CURRENT VS 10Y AVG
+1.80%
CURRENT VS 15Y AVG
-16.95%
CURRENT VS 20Y AVG
-22.62%
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 |
|---|---|
| 2026-04-30 | 23.67% |
| 2026-01-31 | 24.13% |
| 2025-10-31 | 24.69% |
| 2025-07-31 | 22.66% |
| 2025-04-30 | 22.99% |
| 2025-01-31 | 19.17% |
| 2024-10-31 | 24.53% |
| 2024-07-31 | 24.07% |
| 2024-04-30 | 22.43% |
| 2024-01-31 | 24.09% |
| 2023-10-31 | 23.65% |
| 2023-07-31 | 23.59% |
| 2023-04-30 | 22.73% |
| 2023-01-31 | 24.12% |
| 2022-10-31 | 23.63% |
| 2022-07-31 | 24.62% |
| 2022-04-30 | 17.76% |
| 2022-01-31 | 23.36% |
| 2021-10-31 | 25.03% |
| 2021-07-31 | 23.29% |
| 2021-04-30 | 22.23% |
| 2021-01-31 | 21.30% |
| 2020-10-31 | 23.55% |
| 2020-07-31 | 23.77% |
| 2020-04-30 | 20.99% |
| 2020-01-31 | 21.10% |
| 2019-10-31 | 24.17% |
| 2019-07-31 | 23.60% |
| 2019-04-30 | 14.79% |
| 2019-01-31 | 22.66% |
| 2018-10-31 | 26.46% |
| 2018-07-31 | 21.21% |
| 2018-04-30 | -2.54% |
| 2018-01-31 | -631.73% |
| 2017-10-31 | 36.94% |
| 2017-07-31 | 38.11% |
| 2017-04-30 | 30.57% |
| 2017-01-31 | 35.85% |
| 2016-10-31 | 36.10% |
| 2016-07-31 | 33.45% |
| 2016-04-30 | 32.55% |
| 2016-01-31 | 33.84% |
| 2015-10-31 | 35.85% |
| 2015-07-31 | 37.05% |
| 2015-04-30 | 32.97% |
| 2015-01-31 | 36.21% |
| 2014-10-31 | 36.77% |
| 2014-07-31 | 37.25% |
| 2014-04-30 | 25.87% |
| 2014-01-31 | 34.13% |
| 2013-10-31 | 34.77% |
| 2013-07-31 | 37.72% |
| 2013-04-30 | 36.56% |
| 2013-01-31 | 32.24% |
| 2012-10-31 | 38.57% |
| 2012-07-31 | 37.18% |
| 2012-04-30 | 33.95% |
| 2012-01-31 | 36.20% |
| 2011-10-31 | 36.08% |
| 2011-07-31 | 38.00% |
| 2011-04-30 | 36.51% |
| 2011-01-31 | 39.69% |
| 2010-10-31 | 37.18% |
| 2010-07-31 | 37.33% |
| 2010-04-30 | 33.03% |
| 2010-01-31 | 37.53% |
| 2009-10-31 | 37.93% |
| 2009-07-31 | 34.15% |
| 2009-04-30 | 41.39% |
| 2009-01-31 | 37.14% |
| 2008-10-31 | 37.65% |
| 2008-07-31 | 37.97% |
| 2008-04-30 | 33.87% |
| 2008-01-31 | 36.00% |
| 2007-10-31 | 36.98% |
| 2007-07-31 | 37.72% |
| 2007-04-30 | 31.75% |
| 2007-01-31 | 35.09% |
| 2006-10-31 | 35.88% |
| 2006-07-31 | 37.44% |
| 2006-04-30 | 39.24% |
| 2006-01-31 | 34.20% |
| 2005-10-31 | 36.30% |
| 2005-07-31 | 36.80% |
| 2005-04-30 | 34.57% |
| 2005-01-31 | 36.00% |
| 2004-10-31 | 35.61% |
| 2004-07-31 | 35.60% |
| 2004-04-30 | 35.79% |
| 2004-01-31 | -24.12% |
| 2003-10-31 | 36.50% |
| 2003-07-31 | 36.50% |
| 2003-04-30 | 37.21% |
| 2003-01-31 | 37.20% |
| 2002-10-31 | 37.20% |
| 2002-07-31 | 37.20% |
