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 20.90% is in line with its 5-year average of 20.02%, around the middle of its 5-year range (8.29%–27.13%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.07% below its 12-month average of 20.92%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.90%
TAX RATE AVG TTM
20.92%
TAX RATE AVG 3Y
20.03%
TAX RATE AVG 5Y
20.64%
TAX RATE AVG 10Y
22.36%
TAX RATE AVG 15Y
25.02%
TAX RATE AVG 20Y
26.57%
CURRENT VS TTM AVG
-0.07%
CURRENT VS 3Y AVG
+4.37%
CURRENT VS 5Y AVG
+1.26%
CURRENT VS 10Y AVG
-6.54%
CURRENT VS 15Y AVG
-16.45%
CURRENT VS 20Y AVG
-21.35%
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 | 20.90% |
| 2026-03-31 | 19.19% |
| 2025-12-31 | 16.44% |
| 2025-09-30 | 27.13% |
| 2025-03-31 | 18.80% |
| 2024-12-31 | 25.09% |
| 2024-09-30 | 19.88% |
| 2024-06-30 | 8.29% |
| 2024-03-31 | 19.09% |
| 2023-12-31 | 24.25% |
| 2023-09-30 | 19.44% |
| 2023-06-30 | 17.19% |
| 2023-03-31 | 17.45% |
| 2022-12-31 | 20.21% |
| 2022-09-30 | 22.54% |
| 2022-06-30 | 20.79% |
| 2022-03-31 | 18.40% |
| 2021-12-31 | 20.69% |
| 2021-09-30 | 22.13% |
| 2021-06-30 | 22.57% |
| 2021-03-31 | 20.71% |
| 2020-12-31 | 16.19% |
| 2020-09-30 | 31.30% |
| 2019-12-31 | 18.65% |
| 2019-09-30 | 22.01% |
| 2019-06-30 | 19.32% |
| 2019-03-31 | 17.98% |
| 2018-12-31 | -1.69% |
| 2018-09-30 | 21.86% |
| 2018-06-30 | 23.07% |
| 2018-03-31 | 19.19% |
| 2017-12-31 | 165.90% |
| 2017-09-30 | 28.26% |
| 2017-06-30 | 29.73% |
| 2017-03-31 | 28.31% |
| 2016-12-31 | 30.13% |
| 2016-09-30 | 32.80% |
| 2016-06-30 | 31.02% |
| 2016-03-31 | 30.75% |
| 2015-12-31 | 31.93% |
| 2015-09-30 | 32.16% |
| 2015-06-30 | 31.07% |
| 2015-03-31 | 31.81% |
| 2014-12-31 | 31.69% |
| 2014-09-30 | 32.27% |
| 2014-06-30 | 32.55% |
| 2014-03-31 | 34.00% |
| 2013-12-31 | 32.52% |
| 2013-09-30 | 33.96% |
| 2013-06-30 | 33.96% |
| 2013-03-31 | 32.30% |
| 2012-12-31 | 30.38% |
| 2012-09-30 | 31.05% |
| 2012-06-30 | 18.22% |
| 2012-03-31 | 19.00% |
| 2011-12-31 | 28.02% |
| 2011-09-30 | 29.96% |
| 2011-06-30 | 32.26% |
| 2011-03-31 | 25.54% |
| 2010-12-31 | 32.14% |
| 2010-09-30 | 29.05% |
| 2010-06-30 | 31.24% |
| 2010-03-31 | 25.31% |
| 2009-12-31 | 29.86% |
| 2009-09-30 | 25.04% |
| 2009-06-30 | 28.66% |
| 2008-09-30 | 35.64% |
| 2008-06-30 | 34.06% |
| 2008-03-31 | 34.59% |
| 2007-12-31 | 34.52% |
| 2007-09-30 | 34.40% |
| 2007-06-30 | 28.70% |
| 2007-03-31 | 34.96% |
| 2006-12-31 | 31.33% |
| 2006-09-30 | 34.59% |
| 2006-06-30 | 36.02% |
| 2006-03-31 | 33.15% |
| 2005-12-31 | 37.38% |
| 2005-09-30 | 35.80% |
| 2005-06-30 | 35.80% |
| 2005-03-31 | 35.80% |
| 2004-12-31 | 30.92% |
| 2004-09-30 | 33.31% |
| 2004-06-30 | 35.95% |
| 2004-03-31 | 36.20% |
| 2003-12-31 | 37.00% |
| 2003-09-30 | 37.00% |
| 2003-06-30 | 37.00% |
| 2003-03-31 | 37.00% |
| 2002-12-31 | 38.00% |
| 2002-09-30 | 38.00% |
