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 26.68% is 53% below its 5-year average of 56.60%, near the low end of its 5-year range (-62.50%–634.15%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.77% above its 12-month average of 25.71%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
26.68%
TAX RATE AVG TTM
25.71%
TAX RATE AVG 3Y
15.93%
TAX RATE AVG 5Y
22.76%
TAX RATE AVG 10Y
30.78%
TAX RATE AVG 15Y
35.87%
TAX RATE AVG 20Y
35.86%
CURRENT VS TTM AVG
+3.77%
CURRENT VS 3Y AVG
+67.49%
CURRENT VS 5Y AVG
+17.22%
CURRENT VS 10Y AVG
-13.32%
CURRENT VS 15Y AVG
-25.62%
CURRENT VS 20Y AVG
-25.60%
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 | 26.68% |
| 2025-03-31 | 24.74% |
| 2024-12-31 | 19.31% |
| 2024-09-30 | 22.91% |
| 2024-06-30 | 24.41% |
| 2024-03-31 | 21.38% |
| 2023-12-31 | -62.50% |
| 2023-09-30 | 38.15% |
| 2023-06-30 | 25.44% |
| 2023-03-31 | 18.76% |
| 2022-12-31 | 634.15% |
| 2022-09-30 | 26.66% |
| 2022-03-31 | 25.78% |
| 2021-12-31 | 14.55% |
| 2021-09-30 | 19.31% |
| 2021-03-31 | 25.93% |
| 2020-09-30 | 26.81% |
| 2020-06-30 | 38.17% |
| 2020-03-31 | 64.89% |
| 2019-12-31 | 22.31% |
| 2019-09-30 | 45.14% |
| 2019-06-30 | 25.68% |
| 2019-03-31 | 24.23% |
| 2018-12-31 | 32.49% |
| 2018-09-30 | 33.33% |
| 2018-06-30 | 36.92% |
| 2018-03-31 | 34.11% |
| 2017-12-31 | -32.74% |
| 2017-09-30 | 38.34% |
| 2017-06-30 | 40.14% |
| 2017-03-31 | 39.73% |
| 2016-12-31 | 46.46% |
| 2016-09-30 | 53.14% |
| 2016-06-30 | 52.38% |
| 2016-03-31 | 800.00% |
| 2015-12-31 | 48.39% |
| 2015-09-30 | 48.33% |
| 2015-06-30 | 48.84% |
| 2015-03-31 | 49.22% |
| 2014-12-31 | 46.42% |
| 2014-09-30 | 25.71% |
| 2014-06-30 | 49.45% |
| 2014-03-31 | 51.47% |
| 2013-12-31 | 40.78% |
| 2013-09-30 | 39.30% |
| 2013-06-30 | 39.47% |
| 2013-03-31 | 39.45% |
| 2012-12-31 | 55.30% |
| 2012-03-31 | 34.84% |
| 2011-12-31 | 37.16% |
| 2011-09-30 | 39.55% |
| 2011-06-30 | 36.93% |
| 2011-03-31 | 38.57% |
| 2010-12-31 | 39.13% |
| 2010-09-30 | 36.46% |
| 2010-06-30 | 41.10% |
| 2010-03-31 | 38.12% |
| 2009-12-31 | 36.67% |
| 2009-09-30 | 32.96% |
| 2009-06-30 | 37.20% |
| 2009-03-31 | 35.51% |
| 2008-12-31 | 38.05% |
| 2008-09-30 | 40.16% |
| 2008-06-30 | 38.85% |
| 2008-03-31 | 37.49% |
| 2007-09-30 | 36.90% |
| 2007-06-30 | 37.99% |
| 2007-03-31 | 37.94% |
| 2006-12-31 | 35.61% |
| 2006-06-30 | 35.86% |
| 2006-03-31 | 38.00% |
| 2005-12-31 | 36.98% |
| 2005-09-30 | 27.80% |
| 2005-06-30 | 37.01% |
| 2005-03-31 | 37.00% |
| 2004-12-31 | 36.73% |
| 2004-09-30 | 37.04% |
| 2004-06-30 | 37.03% |
| 2004-03-31 | 37.05% |
| 2003-12-31 | 37.02% |
| 2003-09-30 | 36.99% |
| 2003-06-30 | 38.50% |
| 2003-03-31 | 38.16% |
| 2002-12-31 | 36.19% |
| 2002-09-30 | 37.26% |
| 2002-06-30 | 39.72% |
