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 25.65% is in line with its 5-year average of 24.38%, near the high end of its 5-year range (-13.78%–25.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.72% above its 12-month average of 24.97%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.65%
TAX RATE AVG TTM
24.97%
TAX RATE AVG 3Y
24.42%
TAX RATE AVG 5Y
24.38%
TAX RATE AVG 10Y
24.42%
TAX RATE AVG 15Y
25.34%
TAX RATE AVG 20Y
25.51%
CURRENT VS TTM AVG
+2.72%
CURRENT VS 3Y AVG
+5.07%
CURRENT VS 5Y AVG
+5.23%
CURRENT VS 10Y AVG
+5.07%
CURRENT VS 15Y AVG
+1.22%
CURRENT VS 20Y AVG
+0.56%
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 | 25.65% |
| 2026-03-31 | 24.65% |
| 2025-12-31 | 25.22% |
| 2025-09-30 | 24.42% |
| 2025-06-30 | 24.92% |
| 2025-03-31 | 23.97% |
| 2024-12-31 | 24.01% |
| 2024-09-30 | 23.00% |
| 2024-06-30 | 24.93% |
| 2024-03-31 | 23.98% |
| 2023-12-31 | -13.78% |
| 2023-09-30 | 23.64% |
| 2023-06-30 | 24.61% |
| 2023-03-31 | 24.55% |
| 2022-12-31 | 24.51% |
| 2022-09-30 | 24.02% |
| 2022-06-30 | 24.50% |
| 2022-03-31 | 24.26% |
| 2021-12-31 | 23.73% |
| 2021-09-30 | 19.75% |
| 2021-06-30 | 24.54% |
| 2021-03-31 | 24.57% |
| 2020-12-31 | 24.65% |
| 2020-09-30 | 24.64% |
| 2020-06-30 | 23.99% |
| 2020-03-31 | 13.22% |
| 2019-12-31 | 24.81% |
| 2019-09-30 | 24.61% |
| 2019-06-30 | 17.55% |
| 2019-03-31 | 23.76% |
| 2018-12-31 | 23.60% |
| 2018-09-30 | 24.15% |
| 2018-06-30 | 22.94% |
| 2018-03-31 | 25.23% |
| 2017-12-31 | -119.78% |
| 2017-09-30 | 28.77% |
| 2017-06-30 | 24.91% |
| 2017-03-31 | 25.27% |
| 2016-12-31 | 25.31% |
| 2016-09-30 | 24.59% |
| 2016-06-30 | 27.04% |
| 2016-03-31 | 27.93% |
| 2015-12-31 | 24.78% |
| 2015-09-30 | 27.40% |
| 2015-06-30 | 30.40% |
| 2015-03-31 | 26.90% |
| 2014-12-31 | 28.41% |
| 2014-09-30 | 28.32% |
| 2014-06-30 | 27.54% |
| 2014-03-31 | 24.21% |
| 2013-12-31 | 27.35% |
| 2013-09-30 | 29.50% |
| 2013-06-30 | 26.99% |
| 2013-03-31 | 24.28% |
| 2012-12-31 | 26.59% |
| 2012-09-30 | 27.75% |
| 2012-06-30 | 30.51% |
| 2012-03-31 | 22.50% |
| 2011-12-31 | 23.61% |
| 2011-09-30 | 28.60% |
| 2011-06-30 | 32.67% |
| 2011-03-31 | 22.24% |
| 2010-12-31 | 28.04% |
| 2010-09-30 | 27.60% |
| 2010-06-30 | 27.45% |
| 2010-03-31 | 24.07% |
| 2009-12-31 | 8.20% |
| 2009-09-30 | 24.80% |
| 2009-06-30 | 20.04% |
| 2009-03-31 | 20.00% |
| 2008-12-31 | 21.40% |
| 2008-09-30 | 26.98% |
| 2008-06-30 | 27.03% |
| 2008-03-31 | 27.84% |
| 2007-12-31 | -2.89% |
| 2007-09-30 | 29.91% |
| 2007-06-30 | 29.02% |
| 2007-03-31 | 32.13% |
| 2006-12-31 | 28.98% |
| 2006-09-30 | 33.88% |
| 2006-06-30 | -0.62% |
| 2006-03-31 | 34.04% |
| 2005-12-31 | 32.45% |
| 2005-09-30 | 31.92% |
| 2005-06-30 | 33.92% |
| 2005-03-31 | 34.93% |
| 2004-12-31 | 32.80% |
| 2004-09-30 | 31.21% |
| 2004-06-30 | 32.53% |
| 2004-03-31 | 32.39% |
| 2003-12-31 | 43.67% |
| 2003-10-20 | 21.03% |
| 2003-06-30 | 28.80% |
| 2003-03-31 | 30.51% |
| 2002-12-31 | 28.29% |
| 2002-09-30 | 33.33% |
