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 20.37% is in line with its 5-year average of 19.45%, near the high end of its 5-year range (15.45%–21.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.73% above its 12-month average of 19.26%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.37%
TAX RATE AVG TTM
19.26%
TAX RATE AVG 3Y
19.39%
TAX RATE AVG 5Y
19.45%
TAX RATE AVG 10Y
20.11%
TAX RATE AVG 15Y
22.45%
TAX RATE AVG 20Y
23.34%
CURRENT VS TTM AVG
+5.73%
CURRENT VS 3Y AVG
+5.04%
CURRENT VS 5Y AVG
+4.71%
CURRENT VS 10Y AVG
+1.30%
CURRENT VS 15Y AVG
-9.26%
CURRENT VS 20Y AVG
-12.72%
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 | 20.37% |
| 2026-03-31 | 15.95% |
| 2025-12-31 | 19.52% |
| 2025-09-30 | 20.59% |
| 2025-06-30 | 19.88% |
| 2024-12-31 | 15.45% |
| 2024-09-30 | 21.15% |
| 2024-06-30 | 19.17% |
| 2024-03-31 | 20.78% |
| 2023-12-31 | 20.60% |
| 2023-06-30 | 19.82% |
| 2023-03-31 | 16.04% |
| 2022-12-31 | 21.29% |
| 2021-12-31 | 20.37% |
| 2021-09-30 | 16.85% |
| 2021-06-30 | 19.38% |
| 2021-03-31 | 19.27% |
| 2020-12-31 | 20.29% |
| 2020-09-30 | 21.17% |
| 2020-06-30 | 20.61% |
| 2019-12-31 | 19.85% |
| 2019-09-30 | 15.65% |
| 2019-06-30 | 19.25% |
| 2019-03-31 | 19.84% |
| 2018-09-30 | 10.52% |
| 2018-06-30 | 17.80% |
| 2017-12-31 | -225.89% |
| 2017-09-30 | 20.93% |
| 2017-06-30 | 21.88% |
| 2017-03-31 | 27.17% |
| 2016-12-31 | 21.88% |
| 2016-09-30 | 28.85% |
| 2016-06-30 | 25.90% |
| 2016-03-31 | 29.06% |
| 2015-12-31 | 27.78% |
| 2015-09-30 | 28.40% |
| 2015-06-30 | 29.03% |
| 2015-03-31 | 26.44% |
| 2014-12-31 | 29.24% |
| 2014-09-30 | 29.34% |
| 2014-06-30 | 21.50% |
| 2014-03-31 | 23.53% |
| 2013-12-31 | 26.95% |
| 2013-09-30 | 28.02% |
| 2013-06-30 | 25.68% |
| 2013-03-31 | 29.03% |
| 2012-12-31 | 29.67% |
| 2012-09-30 | 26.97% |
| 2012-06-30 | -10.34% |
| 2012-03-31 | 23.21% |
| 2011-12-31 | 27.96% |
| 2011-09-30 | -72.73% |
| 2011-03-31 | 18.67% |
| 2010-12-31 | 27.59% |
| 2010-09-30 | 29.41% |
| 2010-06-30 | -28.57% |
| 2010-03-31 | 20.00% |
| 2009-12-31 | 30.99% |
| 2009-09-30 | 29.92% |
| 2009-03-31 | -2.94% |
| 2008-12-31 | 26.82% |
| 2008-09-30 | 30.62% |
| 2008-06-30 | 1.56% |
| 2007-12-31 | 26.48% |
| 2007-09-30 | 22.50% |
| 2007-06-30 | 30.91% |
| 2007-03-31 | 28.41% |
| 2006-12-31 | 24.42% |
| 2006-09-30 | 22.30% |
| 2006-06-30 | 24.57% |
| 2006-03-31 | 33.81% |
| 2005-12-31 | 29.89% |
| 2005-09-30 | 22.52% |
| 2005-06-30 | 26.51% |
| 2005-03-31 | 26.15% |
| 2004-12-31 | 29.15% |
| 2004-09-30 | 20.35% |
| 2004-06-30 | 27.57% |
| 2004-03-31 | 27.36% |
| 2003-12-31 | 24.12% |
| 2003-09-30 | 24.09% |
| 2003-06-30 | 21.50% |
| 2003-03-31 | 12.31% |
| 2002-12-31 | 12.50% |
| 2002-09-30 | 20.00% |
