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 21.98% is 16% below its 5-year average of 26.20%, near the low end of its 5-year range (9.82%–94.04%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.04% above its 12-month average of 21.97%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.98%
TAX RATE AVG TTM
21.97%
TAX RATE AVG 3Y
21.87%
TAX RATE AVG 5Y
22.20%
TAX RATE AVG 10Y
22.28%
TAX RATE AVG 15Y
27.11%
TAX RATE AVG 20Y
30.31%
CURRENT VS TTM AVG
+0.04%
CURRENT VS 3Y AVG
+0.49%
CURRENT VS 5Y AVG
-1.00%
CURRENT VS 10Y AVG
-1.34%
CURRENT VS 15Y AVG
-18.92%
CURRENT VS 20Y AVG
-27.49%
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 | 21.98% |
| 2025-12-31 | 20.11% |
| 2025-06-30 | 23.04% |
| 2025-03-31 | 22.75% |
| 2024-12-31 | 20.43% |
| 2024-09-30 | 94.04% |
| 2024-06-30 | 22.40% |
| 2024-03-31 | 9.82% |
| 2023-12-31 | 23.03% |
| 2023-09-30 | 21.83% |
| 2023-06-30 | 21.29% |
| 2023-03-31 | 16.39% |
| 2022-12-31 | 19.76% |
| 2022-09-30 | 21.88% |
| 2022-06-30 | 23.75% |
| 2022-03-31 | 23.75% |
| 2021-12-31 | 24.62% |
| 2021-09-30 | 21.21% |
| 2021-06-30 | 48.49% |
| 2021-03-31 | 23.39% |
| 2020-12-31 | 28.26% |
| 2020-06-30 | 16.45% |
| 2020-03-31 | -251.59% |
| 2019-12-31 | 18.74% |
| 2019-09-30 | 8.53% |
| 2019-06-30 | 18.62% |
| 2019-03-31 | -49.45% |
| 2018-12-31 | 9.43% |
| 2018-09-30 | -73.42% |
| 2018-06-30 | 19.50% |
| 2018-03-31 | 21.91% |
| 2017-12-31 | -140.06% |
| 2017-06-30 | 62.25% |
| 2017-03-31 | 30.60% |
| 2016-12-31 | 31.91% |
| 2016-09-30 | 23.95% |
| 2016-06-30 | 29.57% |
| 2016-03-31 | 34.07% |
| 2015-09-30 | 23.65% |
| 2015-06-30 | 29.62% |
| 2014-09-30 | 63.99% |
| 2014-06-30 | 121.91% |
| 2014-03-31 | 36.91% |
| 2013-12-31 | 65.39% |
| 2013-09-30 | 42.32% |
| 2013-06-30 | -40.93% |
| 2013-03-31 | 83.10% |
| 2012-12-31 | 35.59% |
| 2012-09-30 | 41.87% |
| 2012-06-30 | 38.30% |
| 2012-03-31 | 38.40% |
| 2011-12-31 | 38.20% |
| 2011-09-30 | 34.96% |
| 2011-06-30 | 38.22% |
| 2011-03-31 | 38.10% |
| 2010-12-31 | 38.10% |
| 2010-09-30 | 38.00% |
| 2010-06-30 | 38.05% |
| 2010-03-31 | 37.94% |
| 2009-12-31 | 38.20% |
| 2009-09-30 | 37.85% |
| 2009-06-30 | 40.04% |
| 2009-03-31 | 38.52% |
| 2008-12-31 | 39.40% |
| 2008-09-30 | 39.57% |
| 2008-06-30 | 159.75% |
| 2008-03-31 | 38.88% |
| 2007-12-31 | 38.24% |
| 2007-09-30 | 35.55% |
| 2007-06-30 | 34.96% |
| 2007-03-31 | 38.52% |
| 2006-12-31 | 39.10% |
| 2006-09-30 | 37.63% |
| 2006-06-30 | 36.90% |
| 2006-03-31 | 34.53% |
| 2005-12-31 | 38.94% |
| 2005-09-30 | 38.33% |
| 2005-06-30 | 39.65% |
| 2005-03-31 | 38.74% |
| 2004-12-31 | 43.97% |
| 2004-09-30 | 37.99% |
| 2004-06-30 | 38.50% |
| 2004-03-31 | 38.50% |
| 2003-12-31 | 38.50% |
| 2003-09-30 | 38.80% |
| 2003-06-30 | 39.20% |
| 2003-03-31 | 39.50% |
| 2002-12-31 | 39.50% |
| 2002-09-30 | 39.71% |
| 2002-06-30 | 39.69% |
