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 25.39% is 14% above its 5-year average of 22.19%, around the middle of its 5-year range (0.99%–41.81%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.76% above its 12-month average of 23.34%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.39%
TAX RATE AVG TTM
23.34%
TAX RATE AVG 3Y
23.92%
TAX RATE AVG 5Y
22.28%
TAX RATE AVG 10Y
24.07%
TAX RATE AVG 15Y
27.74%
TAX RATE AVG 20Y
29.18%
CURRENT VS TTM AVG
+8.76%
CURRENT VS 3Y AVG
+6.14%
CURRENT VS 5Y AVG
+13.94%
CURRENT VS 10Y AVG
+5.48%
CURRENT VS 15Y AVG
-8.46%
CURRENT VS 20Y AVG
-13.00%
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 | 25.39% |
| 2025-12-31 | 25.12% |
| 2025-09-30 | 23.36% |
| 2025-06-30 | 18.05% |
| 2025-03-31 | 24.80% |
| 2024-12-31 | 18.14% |
| 2024-09-30 | 41.81% |
| 2024-06-30 | 19.64% |
| 2023-12-31 | 29.41% |
| 2023-09-30 | 13.79% |
| 2023-06-30 | 23.63% |
| 2022-12-31 | 21.54% |
| 2022-09-30 | 25.00% |
| 2022-06-30 | 19.38% |
| 2022-03-31 | 24.00% |
| 2021-12-31 | 22.58% |
| 2021-09-30 | 22.70% |
| 2021-06-30 | 0.99% |
| 2020-12-31 | 21.39% |
| 2020-09-30 | 20.72% |
| 2020-06-30 | 21.52% |
| 2020-03-31 | 18.86% |
| 2019-12-31 | 21.28% |
| 2019-09-30 | 21.32% |
| 2019-06-30 | 17.47% |
| 2019-03-31 | 22.08% |
| 2018-12-31 | 18.75% |
| 2018-09-30 | 21.64% |
| 2018-06-30 | 29.08% |
| 2018-03-31 | 25.21% |
| 2017-12-31 | -2.64% |
| 2017-09-30 | 31.18% |
| 2017-06-30 | 31.53% |
| 2017-03-31 | 30.36% |
| 2016-12-31 | 33.92% |
| 2016-09-30 | 32.20% |
| 2016-06-30 | 34.52% |
| 2016-03-31 | 32.91% |
| 2015-12-31 | 34.35% |
| 2015-09-30 | 34.47% |
| 2015-06-30 | 34.60% |
| 2015-03-31 | 33.64% |
| 2014-12-31 | 35.03% |
| 2014-09-30 | 33.49% |
| 2014-06-30 | 34.11% |
| 2014-03-31 | 33.19% |
| 2013-12-31 | 35.87% |
| 2013-09-30 | 34.12% |
| 2013-06-30 | 31.60% |
| 2013-03-31 | 33.66% |
| 2012-12-31 | 34.57% |
| 2012-09-30 | 31.44% |
| 2012-06-30 | 30.68% |
| 2012-03-31 | 32.32% |
| 2011-12-31 | 32.26% |
| 2011-09-30 | 30.48% |
| 2011-06-30 | 33.46% |
| 2011-03-31 | 35.62% |
| 2010-09-30 | 30.69% |
| 2010-06-30 | 37.82% |
| 2010-03-31 | 31.58% |
| 2009-12-31 | 32.12% |
| 2009-09-30 | 35.48% |
| 2009-06-30 | 34.87% |
| 2009-03-31 | 34.33% |
| 2008-12-31 | 34.35% |
| 2008-09-30 | 31.18% |
| 2008-06-30 | 34.17% |
| 2008-03-31 | 33.77% |
| 2007-12-31 | 28.13% |
| 2007-09-30 | 36.21% |
| 2007-06-30 | 31.38% |
| 2007-03-31 | 33.16% |
| 2006-12-31 | 33.09% |
| 2006-09-30 | 36.00% |
| 2006-06-30 | 32.70% |
| 2006-03-31 | 34.52% |
| 2005-12-31 | 30.83% |
| 2005-09-30 | 29.87% |
| 2005-06-30 | 33.33% |
| 2005-03-31 | 15.33% |
| 2004-12-31 | 30.93% |
| 2004-09-30 | 34.73% |
| 2004-06-30 | 35.04% |
| 2004-03-31 | 34.66% |
| 2003-12-31 | 34.71% |
| 2003-09-30 | 35.32% |
| 2003-06-30 | 35.12% |
| 2003-03-31 | 35.26% |
| 2002-12-31 | 38.73% |
| 2002-09-30 | 35.25% |
| 2002-06-30 | 26.02% |
