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 22.74% is 40% above its 5-year average of 16.23%, near the high end of its 5-year range (-64.10%–55.29%).
As of the fiscal period ended Tuesday, March 31, 2026. 36.23% above its 12-month average of 16.69%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.74%
TAX RATE AVG TTM
16.69%
TAX RATE AVG 3Y
18.82%
TAX RATE AVG 5Y
19.81%
TAX RATE AVG 10Y
21.63%
TAX RATE AVG 15Y
26.09%
TAX RATE AVG 20Y
29.34%
CURRENT VS TTM AVG
+36.23%
CURRENT VS 3Y AVG
+20.81%
CURRENT VS 5Y AVG
+14.81%
CURRENT VS 10Y AVG
+5.12%
CURRENT VS 15Y AVG
-12.86%
CURRENT VS 20Y AVG
-22.51%
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 | 22.74% |
| 2025-12-31 | 20.00% |
| 2025-09-30 | -2.45% |
| 2025-06-30 | 21.74% |
| 2025-03-31 | 21.43% |
| 2024-12-31 | 11.43% |
| 2024-09-30 | 21.22% |
| 2024-06-30 | 12.64% |
| 2024-03-31 | 18.22% |
| 2023-12-31 | -64.10% |
| 2023-09-30 | 19.43% |
| 2023-06-30 | 45.62% |
| 2023-03-31 | 19.35% |
| 2022-12-31 | 19.28% |
| 2022-09-30 | 27.08% |
| 2022-06-30 | 22.13% |
| 2022-03-31 | 27.26% |
| 2021-12-31 | 55.29% |
| 2021-09-30 | 18.03% |
| 2021-06-30 | -10.50% |
| 2021-03-31 | 14.89% |
| 2020-12-31 | 21.26% |
| 2020-09-30 | -8.15% |
| 2020-06-30 | 17.68% |
| 2019-12-31 | 13.74% |
| 2019-09-30 | 15.49% |
| 2019-06-30 | 9.04% |
| 2019-03-31 | 8.92% |
| 2018-12-31 | 33.70% |
| 2018-09-30 | 24.40% |
| 2018-03-31 | 22.17% |
| 2017-12-31 | -353.15% |
| 2017-09-30 | 36.70% |
| 2017-06-30 | 36.02% |
| 2017-03-31 | 35.79% |
| 2016-12-31 | 37.65% |
| 2016-09-30 | 35.14% |
| 2016-06-30 | 125.00% |
| 2016-03-31 | 35.83% |
| 2015-06-30 | 32.46% |
| 2015-03-31 | 37.32% |
| 2014-12-31 | 15.79% |
| 2014-09-30 | 32.86% |
| 2014-06-30 | 36.69% |
| 2014-03-31 | 37.07% |
| 2013-12-31 | 35.43% |
| 2013-09-30 | 34.06% |
| 2013-06-30 | 169.44% |
| 2013-03-31 | 36.91% |
| 2012-12-31 | 36.19% |
| 2012-09-30 | 92.19% |
| 2012-06-30 | 37.00% |
| 2012-03-31 | 32.88% |
| 2011-12-31 | 26.42% |
| 2011-09-30 | 34.58% |
| 2011-06-30 | 37.37% |
| 2011-03-31 | 37.02% |
| 2010-12-31 | 24.39% |
| 2010-09-30 | 38.19% |
| 2010-06-30 | 35.71% |
| 2010-03-31 | 47.22% |
| 2009-12-31 | 30.92% |
| 2009-09-30 | 25.00% |
| 2009-06-30 | 33.33% |
| 2009-03-31 | 41.74% |
| 2008-12-31 | 42.76% |
| 2008-09-30 | 36.15% |
| 2008-06-30 | 37.65% |
| 2008-03-31 | 37.76% |
| 2007-12-31 | 27.52% |
| 2007-09-30 | 37.24% |
| 2007-06-30 | 28.57% |
| 2007-03-31 | 35.64% |
| 2006-12-31 | 35.58% |
| 2006-09-30 | 45.39% |
| 2006-06-30 | -148.72% |
| 2006-03-31 | 45.00% |
| 2005-12-31 | 27.68% |
| 2005-09-30 | 45.05% |
| 2005-06-30 | 40.00% |
| 2005-03-31 | 48.46% |
| 2004-12-31 | 41.07% |
| 2004-09-30 | 10.53% |
| 2004-03-31 | 43.68% |
| 2003-12-31 | 21.72% |
| 2003-09-30 | 36.79% |
| 2003-06-30 | 34.83% |
| 2003-03-31 | 33.53% |
| 2002-09-30 | 36.45% |
| 2002-06-30 | 34.69% |
