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 23.48% is 60% above its 5-year average of 14.67%, near the high end of its 5-year range (4.20%–24.31%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.59% above its 12-month average of 20.67%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.48%
TAX RATE AVG TTM
20.67%
TAX RATE AVG 3Y
18.92%
TAX RATE AVG 5Y
14.67%
TAX RATE AVG 10Y
16.72%
TAX RATE AVG 15Y
23.87%
TAX RATE AVG 20Y
25.76%
CURRENT VS TTM AVG
+13.59%
CURRENT VS 3Y AVG
+24.10%
CURRENT VS 5Y AVG
+60.08%
CURRENT VS 10Y AVG
+40.45%
CURRENT VS 15Y AVG
-1.63%
CURRENT VS 20Y AVG
-8.83%
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 | 23.48% |
| 2025-12-31 | 17.97% |
| 2025-09-30 | 20.00% |
| 2025-06-30 | 24.31% |
| 2025-03-31 | 17.60% |
| 2024-12-31 | 16.67% |
| 2024-09-30 | 9.52% |
| 2024-06-30 | 18.39% |
| 2024-03-31 | 18.07% |
| 2023-12-31 | 20.82% |
| 2023-09-30 | 5.98% |
| 2023-06-30 | 17.83% |
| 2023-03-31 | 13.00% |
| 2022-12-31 | 11.41% |
| 2022-09-30 | 10.44% |
| 2022-06-30 | 8.97% |
| 2022-03-31 | 10.26% |
| 2021-12-31 | 4.20% |
| 2021-09-30 | 14.53% |
| 2021-06-30 | 12.57% |
| 2021-03-31 | 12.00% |
| 2020-12-31 | 17.77% |
| 2020-09-30 | 16.81% |
| 2020-06-30 | 15.69% |
| 2020-03-31 | 10.00% |
| 2019-12-31 | 18.05% |
| 2019-09-30 | 16.87% |
| 2019-06-30 | 17.54% |
| 2019-03-31 | 18.39% |
| 2018-12-31 | 13.49% |
| 2018-09-30 | 16.34% |
| 2018-06-30 | 15.15% |
| 2018-03-31 | 14.23% |
| 2017-12-31 | 100.90% |
| 2017-09-30 | 24.89% |
| 2017-06-30 | 33.57% |
| 2017-03-31 | 32.54% |
| 2016-12-31 | 37.10% |
| 2016-09-30 | 33.81% |
| 2016-06-30 | 31.69% |
| 2016-03-31 | 31.09% |
| 2015-12-31 | 35.93% |
| 2015-09-30 | 33.63% |
| 2015-06-30 | 34.62% |
| 2015-03-31 | 33.11% |
| 2014-12-31 | 36.18% |
| 2014-09-30 | 33.33% |
| 2014-06-30 | 33.86% |
| 2014-03-31 | 33.98% |
| 2013-12-31 | 37.80% |
| 2013-09-30 | 41.74% |
| 2013-06-30 | 40.00% |
| 2013-03-31 | 39.75% |
| 2012-12-31 | 38.53% |
| 2012-09-30 | 39.68% |
| 2012-05-30 | 39.88% |
| 2012-03-31 | 38.78% |
| 2011-12-31 | 35.94% |
| 2011-09-30 | 36.65% |
| 2011-06-30 | 9.01% |
| 2011-03-31 | 36.67% |
| 2010-12-31 | 35.42% |
| 2010-09-30 | 37.34% |
| 2010-06-30 | 37.11% |
| 2010-03-31 | 40.67% |
| 2009-12-31 | -433.33% |
| 2009-09-30 | 38.21% |
| 2009-06-30 | 36.78% |
| 2009-03-31 | 40.00% |
| 2008-12-31 | 20.00% |
| 2008-09-30 | 31.62% |
| 2008-06-30 | 32.88% |
| 2008-03-31 | 36.84% |
| 2007-09-30 | 35.38% |
| 2005-06-30 | -500.00% |
| 2005-03-31 | 32.74% |
| 2004-12-31 | -28.26% |
| 2004-09-30 | 26.09% |
| 2004-06-30 | -58.33% |
| 2003-06-30 | 154.55% |
| 2003-03-31 | 34.21% |
| 2002-09-30 | 83.08% |
| 2002-06-30 | 14.29% |
