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 20.92% is 13% below its 5-year average of 24.17%, near the low end of its 5-year range (9.76%–79.28%).
As of the fiscal period ended Friday, June 30, 2023. 13.66% below its 12-month average of 24.22%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2023 (2023-06-30): 20.92%.
TAX RATE
20.92%
TAX RATE AVG TTM
24.22%
TAX RATE AVG 3Y
22.17%
TAX RATE AVG 5Y
24.17%
TAX RATE AVG 10Y
25.33%
TAX RATE AVG 15Y
25.43%
TAX RATE AVG 20Y
21.68%
CURRENT VS TTM AVG
-13.66%
CURRENT VS 3Y AVG
-5.64%
CURRENT VS 5Y AVG
-13.48%
CURRENT VS 10Y AVG
-17.44%
CURRENT VS 15Y AVG
-17.75%
CURRENT VS 20Y AVG
-3.53%
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 |
|---|---|
| 2023-06-30 | 20.92% |
| 2023-03-31 | 34.87% |
| 2022-09-30 | 16.88% |
| 2022-03-31 | 34.63% |
| 2021-12-31 | 33.71% |
| 2021-09-30 | 17.32% |
| 2021-06-30 | 15.15% |
| 2020-12-31 | 16.25% |
| 2020-09-30 | 9.76% |
| 2019-09-30 | 51.97% |
| 2019-06-30 | 79.28% |
| 2019-03-31 | 29.36% |
| 2018-12-31 | 14.41% |
| 2018-09-30 | 30.59% |
| 2018-06-30 | 12.61% |
| 2018-03-31 | 42.63% |
| 2017-12-31 | 417.55% |
| 2017-09-30 | -96.88% |
| 2017-06-30 | 28.48% |
| 2017-03-31 | 26.24% |
| 2016-12-31 | -21.67% |
| 2016-09-30 | 24.73% |
| 2016-06-30 | 18.58% |
| 2016-03-31 | 21.19% |
| 2015-12-31 | 53.33% |
| 2015-09-30 | 10.62% |
| 2015-06-30 | -5.63% |
| 2015-03-31 | 22.48% |
| 2014-09-30 | 63.01% |
| 2014-03-31 | 48.75% |
| 2013-12-31 | 647.87% |
| 2013-09-30 | 10.67% |
| 2013-06-30 | 5.81% |
| 2013-03-31 | 16.02% |
| 2012-12-31 | 23.90% |
| 2012-09-30 | 22.43% |
| 2012-06-30 | 14.65% |
| 2012-03-31 | 20.49% |
| 2011-12-31 | 31.48% |
| 2011-09-30 | -6.11% |
| 2011-06-30 | 28.36% |
| 2011-03-31 | 37.99% |
| 2010-12-31 | -26.87% |
| 2010-09-30 | 35.15% |
| 2010-03-31 | 58.06% |
| 2008-03-31 | -111.71% |
| 2007-12-31 | -33.10% |
| 2007-09-30 | -33.10% |
| 2007-06-30 | 1.45% |
| 2007-03-31 | 18.54% |
| 2006-12-31 | -12.54% |
| 2006-09-30 | -4.52% |
| 2006-06-30 | 8.83% |
| 2006-03-31 | 21.02% |
| 2005-12-31 | -25.09% |
| 2005-09-30 | 37.16% |
| 2005-06-30 | -2.39% |
| 2005-03-31 | 13.72% |
| 2004-12-31 | -56.32% |
| 2004-09-30 | 28.36% |
| 2004-06-30 | 22.98% |
| 2004-03-31 | 32.69% |
| 2003-12-31 | 32.06% |
| 2003-09-30 | 33.62% |
| 2003-06-30 | 38.09% |
| 2003-03-31 | 37.92% |
| 2002-12-31 | 62.79% |
| 2002-09-30 | 38.06% |
