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 25.99% is in line with its 5-year average of 25.70%, near the low end of its 5-year range (19.96%–45.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.06% above its 12-month average of 23.19%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.99%
TAX RATE AVG TTM
23.19%
TAX RATE AVG 3Y
24.55%
TAX RATE AVG 5Y
25.70%
TAX RATE AVG 10Y
24.17%
TAX RATE AVG 15Y
24.37%
TAX RATE AVG 20Y
23.49%
CURRENT VS TTM AVG
+12.06%
CURRENT VS 3Y AVG
+5.86%
CURRENT VS 5Y AVG
+1.13%
CURRENT VS 10Y AVG
+7.53%
CURRENT VS 15Y AVG
+6.63%
CURRENT VS 20Y AVG
+10.66%
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 | 25.99% |
| 2025-12-31 | 20.40% |
| 2025-06-27 | 25.63% |
| 2024-12-31 | 28.96% |
| 2024-06-30 | 22.39% |
| 2023-12-31 | 26.04% |
| 2023-06-30 | 22.43% |
| 2022-12-31 | 20.11% |
| 2022-07-01 | 24.83% |
| 2021-12-31 | 19.96% |
| 2021-06-30 | 45.93% |
| 2020-12-31 | 23.14% |
| 2020-06-26 | 40.28% |
| 2019-12-31 | 25.00% |
| 2019-06-28 | 25.07% |
| 2018-12-31 | 23.72% |
| 2018-06-29 | 25.54% |
| 2017-12-31 | 57.74% |
| 2017-06-30 | 23.80% |
| 2016-12-31 | 27.87% |
| 2016-07-01 | 15.66% |
| 2015-12-31 | 13.21% |
| 2015-07-03 | 27.30% |
| 2014-12-31 | 25.85% |
| 2014-06-27 | 25.65% |
| 2013-12-31 | 10.74% |
| 2013-06-28 | 26.36% |
| 2012-12-31 | 7.39% |
| 2012-06-30 | 26.85% |
| 2011-12-31 | 7.19% |
| 2011-06-30 | 26.39% |
| 2010-12-31 | 7.14% |
| 2010-06-30 | 17.81% |
| 2009-12-31 | 24.09% |
| 2009-06-30 | 24.09% |
| 2007-12-31 | 11.84% |
| 2007-06-30 | 28.57% |
| 2005-12-31 | 28.09% |
| 2005-06-30 | 25.81% |
| 2004-12-31 | 30.77% |
| 2004-06-30 | 30.20% |
| 2003-12-31 | 30.38% |
| 2003-06-30 | 33.33% |
| 2002-12-31 | 31.05% |
| 2002-06-30 | 37.50% |
| 2001-12-31 | 59.26% |
| 2000-12-31 | 33.84% |
| 1999-12-31 | 32.90% |
| 1998-12-31 | 10.08% |
| 1997-12-31 | -33.33% |
| 1996-12-31 | 40.86% |
| 1996-06-30 | 41.58% |
| 1995-12-31 | 42.90% |
| 1995-06-30 | 43.90% |
| 1994-12-31 | 48.00% |
| 1993-12-31 | 266.67% |
| 1991-12-31 | 116.81% |
| 1991-06-30 | 51.58% |
| 1990-12-31 | 49.33% |
| 1990-06-30 | 50.92% |
| 1989-12-31 | 48.24% |
