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 20.87% is in line with its 5-year average of 21.96%, around the middle of its 5-year range (14.23%–30.70%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.22% below its 12-month average of 23.24%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.87%
TAX RATE AVG TTM
23.24%
TAX RATE AVG 3Y
22.17%
TAX RATE AVG 5Y
21.91%
TAX RATE AVG 10Y
23.25%
TAX RATE AVG 15Y
24.53%
TAX RATE AVG 20Y
24.97%
CURRENT VS TTM AVG
-10.22%
CURRENT VS 3Y AVG
-5.89%
CURRENT VS 5Y AVG
-4.76%
CURRENT VS 10Y AVG
-10.24%
CURRENT VS 15Y AVG
-14.92%
CURRENT VS 20Y AVG
-16.42%
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 | 20.87% |
| 2025-12-31 | 23.53% |
| 2025-09-30 | 26.67% |
| 2025-06-30 | 22.87% |
| 2025-03-31 | 22.27% |
| 2024-12-31 | 14.23% |
| 2024-09-30 | 20.68% |
| 2024-06-30 | 23.77% |
| 2024-03-31 | 19.42% |
| 2023-12-31 | 18.01% |
| 2023-09-30 | 20.81% |
| 2023-06-30 | 20.46% |
| 2023-03-31 | 26.72% |
| 2022-12-31 | 30.70% |
| 2022-09-30 | 20.53% |
| 2022-06-30 | 20.33% |
| 2022-03-31 | 23.38% |
| 2021-12-31 | 16.83% |
| 2021-09-30 | 20.49% |
| 2021-06-30 | 24.95% |
| 2021-03-31 | 23.68% |
| 2020-12-31 | 17.63% |
| 2020-09-30 | 21.79% |
| 2020-06-30 | 33.09% |
| 2020-03-31 | 28.00% |
| 2019-12-31 | 20.10% |
| 2019-09-30 | 25.75% |
| 2019-06-30 | 25.87% |
| 2019-03-31 | 17.04% |
| 2018-12-31 | 23.43% |
| 2018-09-30 | 19.37% |
| 2018-06-30 | 22.32% |
| 2018-03-31 | 22.07% |
| 2017-12-31 | 216.09% |
| 2017-09-30 | 30.70% |
| 2017-06-30 | 31.01% |
| 2017-03-31 | 31.69% |
| 2016-09-30 | 25.33% |
| 2016-06-30 | 24.97% |
| 2016-03-31 | 25.27% |
| 2015-09-30 | 27.95% |
| 2015-06-30 | 29.44% |
| 2015-03-31 | 29.45% |
| 2014-12-31 | 19.00% |
| 2014-09-30 | 26.28% |
| 2014-06-30 | 29.49% |
| 2014-03-31 | 31.12% |
| 2013-12-31 | 27.21% |
| 2013-09-30 | 24.60% |
| 2013-06-30 | 28.62% |
| 2013-03-31 | 21.81% |
| 2012-12-31 | 23.41% |
| 2012-09-30 | 30.67% |
| 2012-06-30 | 33.79% |
| 2012-03-31 | 29.96% |
| 2011-12-31 | 21.03% |
| 2011-09-30 | 29.12% |
| 2011-06-30 | 23.73% |
| 2011-03-31 | 29.17% |
| 2010-12-31 | 19.08% |
| 2010-09-30 | 26.92% |
| 2010-06-30 | 22.19% |
| 2010-03-31 | 49.46% |
| 2009-12-31 | -79.13% |
| 2009-09-30 | -54.94% |
| 2009-06-30 | 10.00% |
| 2008-12-31 | -81.10% |
| 2008-09-30 | 31.08% |
| 2008-06-30 | 28.04% |
| 2008-03-31 | 31.07% |
| 2007-12-31 | 25.29% |
| 2007-09-30 | 29.88% |
| 2007-06-30 | 31.87% |
| 2007-03-31 | 31.49% |
| 2006-12-31 | 22.22% |
| 2006-09-30 | 30.28% |
| 2006-06-30 | 30.03% |
| 2006-03-31 | 30.58% |
| 2005-12-31 | 24.19% |
| 2005-09-30 | 31.24% |
| 2005-06-30 | 29.30% |
| 2005-03-31 | 28.54% |
| 2004-12-31 | 24.83% |
| 2004-09-30 | 26.76% |
| 2004-06-30 | 26.97% |
| 2004-03-31 | 27.34% |
| 2003-12-31 | 26.37% |
| 2003-09-30 | 23.71% |
| 2003-06-30 | 27.98% |
| 2003-03-31 | 27.53% |
| 2002-12-31 | 27.55% |
| 2002-09-30 | 25.00% |
| 2002-06-30 | 30.80% |
