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 20.06% is in line with its 5-year average of 18.82%, around the middle of its 5-year range (11.36%–24.62%).
As of the fiscal period ended Thursday, April 30, 2026. 5.68% above its 12-month average of 18.98%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.06%
TAX RATE AVG TTM
18.98%
TAX RATE AVG 3Y
19.39%
TAX RATE AVG 5Y
19.19%
TAX RATE AVG 10Y
20.03%
TAX RATE AVG 15Y
25.68%
TAX RATE AVG 20Y
28.60%
CURRENT VS TTM AVG
+5.68%
CURRENT VS 3Y AVG
+3.42%
CURRENT VS 5Y AVG
+4.49%
CURRENT VS 10Y AVG
+0.15%
CURRENT VS 15Y AVG
-21.90%
CURRENT VS 20Y AVG
-29.87%
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 |
|---|---|
| 2026-04-30 | 20.06% |
| 2026-01-31 | 20.65% |
| 2025-10-31 | 17.43% |
| 2025-07-31 | 17.37% |
| 2025-04-30 | 19.38% |
| 2025-01-31 | 16.52% |
| 2024-10-31 | 19.97% |
| 2024-07-31 | 21.12% |
| 2024-04-30 | 19.06% |
| 2024-01-31 | 20.75% |
| 2023-10-31 | 21.44% |
| 2023-07-31 | 17.92% |
| 2023-04-30 | 20.43% |
| 2023-01-31 | 22.12% |
| 2022-10-31 | 21.48% |
| 2022-07-31 | 13.09% |
| 2022-04-30 | 24.62% |
| 2022-01-31 | 15.97% |
| 2021-10-31 | 20.09% |
| 2021-07-31 | 14.40% |
| 2021-04-30 | 11.36% |
| 2021-01-31 | 23.38% |
| 2020-10-31 | 18.85% |
| 2020-07-31 | 18.01% |
| 2020-04-30 | 23.10% |
| 2020-01-31 | 17.73% |
| 2019-10-31 | -7.97% |
| 2019-07-31 | 17.95% |
| 2019-04-30 | 5.58% |
| 2019-01-31 | 20.36% |
| 2018-10-31 | 23.32% |
| 2018-07-31 | 17.32% |
| 2018-04-30 | 25.59% |
| 2018-01-31 | 28.48% |
| 2017-10-31 | 32.04% |
| 2017-07-31 | 33.85% |
| 2017-04-30 | 30.93% |
| 2017-01-31 | 34.00% |
| 2016-10-31 | -63.15% |
| 2016-07-31 | 20.63% |
| 2016-04-30 | 35.98% |
| 2016-01-31 | 35.60% |
| 2015-10-31 | 35.65% |
| 2015-07-31 | 29.51% |
| 2015-04-30 | 34.81% |
| 2015-01-31 | 34.84% |
| 2014-10-31 | 36.01% |
| 2014-07-31 | 30.91% |
| 2014-04-30 | 33.34% |
| 2014-01-31 | 35.76% |
| 2013-10-31 | 35.52% |
| 2013-07-31 | 33.55% |
| 2013-04-30 | 35.08% |
| 2013-01-31 | 35.14% |
| 2012-10-31 | 35.96% |
| 2012-07-31 | 33.47% |
| 2012-04-30 | 34.39% |
| 2012-01-31 | 34.74% |
| 2011-10-31 | 35.52% |
| 2011-07-31 | 35.32% |
| 2011-04-30 | 37.60% |
| 2011-01-31 | 37.59% |
| 2010-10-31 | 37.13% |
| 2010-07-31 | 37.19% |
| 2010-04-30 | 37.99% |
| 2010-01-31 | 32.80% |
| 2009-10-31 | 38.18% |
| 2009-07-31 | 38.53% |
| 2009-04-30 | 38.52% |
| 2009-01-31 | 38.54% |
| 2008-10-31 | 39.25% |
| 2008-07-31 | 39.99% |
| 2008-04-30 | 34.42% |
| 2008-01-31 | 36.69% |
| 2007-10-31 | 37.49% |
| 2007-07-31 | 37.04% |
| 2007-04-30 | 37.34% |
| 2007-01-31 | 37.58% |
| 2006-10-31 | 37.25% |
| 2006-07-31 | 32.63% |
| 2006-04-30 | 38.20% |
| 2006-01-31 | 32.55% |
| 2005-10-31 | 37.75% |
| 2005-07-31 | 37.31% |
| 2005-04-30 | 37.56% |
| 2005-01-31 | 38.80% |
| 2004-10-31 | 38.80% |
| 2004-07-31 | 39.82% |
| 2004-04-30 | 38.44% |
| 2004-01-31 | 39.50% |
| 2003-10-31 | 39.50% |
| 2003-07-31 | 39.00% |
| 2003-04-30 | 39.47% |
| 2003-01-31 | 38.90% |
| 2002-10-31 | 39.50% |
| 2002-07-31 | 39.09% |
