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 22.54% is in line with its 5-year average of 21.16%, near the low end of its 5-year range (-56.52%–396.97%).
As of the fiscal period ended Friday, July 31, 2026. 2.73% above its 12-month average of 21.94%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.54%
TAX RATE AVG TTM
21.94%
TAX RATE AVG 3Y
18.71%
TAX RATE AVG 5Y
21.16%
TAX RATE AVG 10Y
22.38%
TAX RATE AVG 15Y
24.05%
TAX RATE AVG 20Y
35.26%
CURRENT VS TTM AVG
+2.73%
CURRENT VS 3Y AVG
+20.47%
CURRENT VS 5Y AVG
+6.51%
CURRENT VS 10Y AVG
+0.73%
CURRENT VS 15Y AVG
-6.26%
CURRENT VS 20Y AVG
-36.08%
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 |
|---|---|
| 2026-07-31 | 22.54% |
| 2026-04-30 | 22.57% |
| 2026-01-31 | 26.07% |
| 2025-10-31 | 16.96% |
| 2025-07-31 | 21.57% |
| 2025-04-30 | 21.94% |
| 2025-01-31 | 14.08% |
| 2024-10-31 | 12.54% |
| 2024-07-31 | 22.21% |
| 2024-04-30 | 17.89% |
| 2024-01-31 | 12.10% |
| 2023-10-31 | 17.69% |
| 2023-07-31 | 15.08% |
| 2023-04-30 | 38.96% |
| 2023-01-31 | 396.97% |
| 2022-10-31 | 55.79% |
| 2022-07-31 | 62.43% |
| 2021-10-31 | -56.52% |
| 2021-07-31 | 35.23% |
| 2021-04-30 | 22.35% |
| 2021-01-31 | 37.18% |
| 2020-10-31 | 13.52% |
| 2020-07-31 | -212.87% |
| 2020-04-30 | -110.64% |
| 2019-10-31 | 270.31% |
| 2019-07-31 | 44.51% |
| 2019-04-30 | 18.67% |
| 2019-01-31 | -51.46% |
| 2018-10-31 | 17.97% |
| 2018-07-31 | -29.44% |
| 2018-04-30 | 10.65% |
| 2018-01-31 | 23.42% |
| 2017-10-31 | 26.71% |
| 2017-07-31 | 26.98% |
| 2016-07-31 | -845.61% |
| 2016-04-30 | -4.32% |
| 2015-10-31 | 157.98% |
| 2015-07-31 | 112.24% |
| 2015-04-30 | 77.36% |
| 2011-04-30 | 32.14% |
| 2011-01-31 | -148.23% |
| 2010-10-31 | 41.99% |
| 2010-07-31 | 43.72% |
| 2010-04-30 | 37.68% |
| 2010-01-31 | 35.36% |
| 2009-10-31 | 42.07% |
| 2009-07-31 | 39.11% |
| 2009-04-30 | 45.45% |
| 2009-01-31 | 36.17% |
| 2008-10-31 | 43.03% |
| 2008-07-31 | 48.07% |
| 2008-04-30 | 48.23% |
| 2008-01-31 | 47.54% |
| 2007-10-31 | 46.34% |
| 2007-07-31 | 50.35% |
| 2007-04-30 | 72.63% |
| 2007-01-31 | 68.35% |
| 2006-10-31 | 79.16% |
| 2006-07-31 | 84.47% |
| 2006-04-30 | 88.72% |
| 2006-01-31 | 17.61% |
| 2005-10-31 | -61.19% |
| 2005-07-31 | 19.99% |
| 2005-04-30 | 20.00% |
| 2005-01-31 | 13.28% |
| 2004-10-31 | 13.30% |
| 2004-07-31 | 13.31% |
| 2004-04-30 | 13.36% |
| 2003-04-30 | 12.22% |
