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 21.59% is in line with its 5-year average of 21.22%, near the high end of its 5-year range (-42.51%–24.67%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.32% above its 12-month average of 21.10%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.59%
TAX RATE AVG TTM
21.10%
TAX RATE AVG 3Y
20.70%
TAX RATE AVG 5Y
21.22%
TAX RATE AVG 10Y
21.73%
TAX RATE AVG 15Y
28.06%
TAX RATE AVG 20Y
30.11%
CURRENT VS TTM AVG
+2.32%
CURRENT VS 3Y AVG
+4.31%
CURRENT VS 5Y AVG
+1.73%
CURRENT VS 10Y AVG
-0.66%
CURRENT VS 15Y AVG
-23.07%
CURRENT VS 20Y AVG
-28.30%
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 | 21.59% |
| 2026-03-31 | 24.67% |
| 2025-12-31 | 20.21% |
| 2025-09-30 | 18.69% |
| 2025-06-30 | 20.33% |
| 2025-03-31 | 21.40% |
| 2024-12-31 | 18.27% |
| 2024-09-30 | 21.47% |
| 2024-06-30 | 18.39% |
| 2024-03-31 | -24.37% |
| 2023-12-31 | 21.55% |
| 2023-09-30 | 13.36% |
| 2023-06-30 | 21.07% |
| 2023-03-31 | 18.30% |
| 2022-12-31 | -42.51% |
| 2022-09-30 | 24.00% |
| 2022-06-30 | 19.78% |
| 2022-03-31 | -0.95% |
| 2021-12-31 | 24.45% |
| 2021-09-30 | 23.42% |
| 2021-06-30 | 23.13% |
| 2021-03-31 | 22.10% |
| 2020-12-31 | 23.16% |
| 2020-09-30 | 20.98% |
| 2020-06-30 | 18.63% |
| 2020-03-31 | 22.78% |
| 2019-12-31 | -18.54% |
| 2019-09-30 | 19.74% |
| 2019-06-30 | 21.86% |
| 2019-03-31 | 20.44% |
| 2018-12-31 | 20.48% |
| 2018-09-30 | 24.56% |
| 2018-06-30 | 23.44% |
| 2018-03-31 | 23.52% |
| 2017-12-31 | 62.31% |
| 2017-09-30 | 27.80% |
| 2017-06-30 | 25.61% |
| 2017-03-31 | 27.92% |
| 2016-12-31 | 33.08% |
| 2016-09-30 | 31.68% |
| 2016-06-30 | 34.16% |
| 2016-03-31 | 37.19% |
| 2015-12-31 | 38.56% |
| 2015-09-30 | 32.70% |
| 2015-06-30 | 36.48% |
| 2015-03-31 | 37.92% |
| 2014-12-31 | 31.01% |
| 2014-09-30 | 38.72% |
| 2014-06-30 | 32.99% |
| 2014-03-31 | 35.81% |
| 2013-12-31 | 36.38% |
| 2013-09-30 | 37.34% |
| 2013-06-30 | 39.18% |
| 2013-03-31 | 31.85% |
| 2012-12-31 | 34.73% |
| 2012-09-30 | 34.16% |
| 2012-06-30 | 42.02% |
| 2012-03-31 | 45.91% |
| 2011-12-31 | 48.04% |
| 2011-09-30 | 44.06% |
| 2011-06-30 | 40.31% |
| 2011-03-31 | 40.89% |
| 2010-12-31 | 44.59% |
| 2010-09-30 | 44.29% |
| 2010-06-30 | 41.56% |
| 2009-12-31 | 33.57% |
| 2008-09-30 | 55.57% |
| 2008-06-30 | 55.11% |
| 2008-03-31 | 24.01% |
| 2007-12-31 | 37.25% |
| 2007-09-30 | 35.82% |
| 2007-06-30 | 25.13% |
| 2007-03-31 | 45.49% |
| 2006-12-31 | 41.89% |
| 2006-09-30 | 35.05% |
| 2006-06-30 | 37.07% |
| 2006-03-31 | 35.69% |
| 2005-12-31 | 41.62% |
| 2005-09-30 | 33.38% |
| 2005-06-30 | 39.66% |
| 2005-03-31 | 38.74% |
| 2004-12-31 | 38.64% |
| 2004-09-30 | 34.62% |
| 2004-06-30 | 57.06% |
| 2003-06-30 | 43.49% |
| 2002-12-31 | 60.90% |
| 2002-09-30 | 73.19% |
