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 23.91% is in line with its 5-year average of 26.38%, near the low end of its 5-year range (21.12%–69.11%).
As of the fiscal period ended Tuesday, March 31, 2026. 28.57% below its 12-month average of 33.47%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.91%
TAX RATE AVG TTM
33.47%
TAX RATE AVG 3Y
24.16%
TAX RATE AVG 5Y
24.24%
TAX RATE AVG 10Y
24.97%
TAX RATE AVG 15Y
25.05%
TAX RATE AVG 20Y
22.69%
CURRENT VS TTM AVG
-28.57%
CURRENT VS 3Y AVG
-1.04%
CURRENT VS 5Y AVG
-1.39%
CURRENT VS 10Y AVG
-4.25%
CURRENT VS 15Y AVG
-4.55%
CURRENT VS 20Y AVG
+5.38%
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 | 23.91% |
| 2025-12-31 | 26.61% |
| 2025-09-30 | 69.11% |
| 2025-06-30 | 23.40% |
| 2025-03-31 | 24.32% |
| 2024-12-31 | 26.71% |
| 2024-09-30 | 22.61% |
| 2024-06-30 | 22.57% |
| 2024-03-31 | 24.69% |
| 2023-12-31 | 25.90% |
| 2023-09-30 | 26.68% |
| 2023-06-30 | 21.12% |
| 2023-03-31 | 21.41% |
| 2022-12-31 | 27.03% |
| 2022-09-30 | 22.54% |
| 2022-06-30 | 24.18% |
| 2022-03-31 | 23.19% |
| 2021-12-31 | 21.95% |
| 2021-09-30 | 25.58% |
| 2021-06-30 | 26.44% |
| 2021-03-31 | 24.06% |
| 2020-12-31 | 32.48% |
| 2020-09-30 | 44.23% |
| 2020-06-30 | 27.07% |
| 2020-03-31 | 27.90% |
| 2019-12-31 | 30.58% |
| 2019-09-30 | 24.35% |
| 2019-06-30 | 24.70% |
| 2019-03-31 | 24.36% |
| 2018-12-31 | 20.59% |
| 2018-09-30 | 27.95% |
| 2018-06-30 | 26.92% |
| 2018-03-31 | 25.39% |
| 2017-12-31 | 102.52% |
| 2017-09-30 | 24.89% |
| 2017-06-30 | 25.98% |
| 2017-03-31 | 14.18% |
| 2016-12-31 | 25.71% |
| 2016-09-30 | 27.56% |
| 2016-06-30 | 57.60% |
| 2016-03-31 | 25.11% |
| 2015-12-31 | 24.55% |
| 2015-09-30 | 26.85% |
| 2015-06-30 | 23.45% |
| 2015-03-31 | 25.01% |
| 2014-12-31 | 25.23% |
| 2014-09-30 | 23.31% |
| 2014-06-30 | 25.89% |
| 2014-03-31 | 26.27% |
| 2013-12-31 | 28.11% |
| 2013-09-30 | 27.22% |
| 2013-06-30 | 28.54% |
| 2013-03-31 | 24.65% |
| 2012-12-31 | 23.80% |
| 2012-09-30 | 24.01% |
| 2012-06-30 | 24.82% |
| 2012-03-31 | 24.40% |
| 2011-12-31 | 25.68% |
| 2011-09-30 | 21.13% |
| 2011-06-30 | 25.06% |
| 2011-03-31 | 25.73% |
| 2010-12-31 | 17.05% |
| 2010-09-30 | 16.27% |
| 2010-06-30 | 17.23% |
| 2010-03-31 | 15.25% |
| 2009-12-31 | 14.59% |
| 2009-09-30 | 16.57% |
| 2009-06-30 | 16.50% |
| 2009-03-31 | 16.50% |
| 2008-12-31 | 17.49% |
| 2008-09-30 | 15.29% |
| 2008-06-30 | 16.28% |
| 2008-03-31 | 16.41% |
| 2007-12-31 | 16.12% |
| 2007-09-30 | 13.91% |
| 2007-06-30 | 15.74% |
| 2007-03-31 | 16.41% |
| 2006-12-31 | 15.50% |
| 2006-09-30 | 16.33% |
| 2006-06-30 | 16.60% |
| 2006-03-31 | 16.60% |
| 2005-12-31 | -8.48% |
| 2005-09-30 | 17.80% |
| 2005-06-30 | 17.80% |
| 2005-03-31 | 17.80% |
| 2004-12-31 | 16.97% |
| 2004-09-30 | 18.30% |
| 2004-06-30 | 16.56% |
| 2004-03-31 | 20.30% |
| 2003-12-31 | 19.71% |
| 2003-09-30 | 19.68% |
| 2003-06-30 | 23.05% |
| 2003-03-31 | 20.10% |
| 2002-12-31 | 23.32% |
| 2002-09-30 | 23.30% |
| 2002-06-30 | 22.47% |
