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 18.75% is 19% below its 5-year average of 23.10%, near the low end of its 5-year range (18.75%–27.62%).
As of the fiscal period ended Tuesday, March 31, 2026. 11.27% below its 12-month average of 21.13%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.75%
TAX RATE AVG TTM
21.13%
TAX RATE AVG 3Y
22.97%
TAX RATE AVG 5Y
23.32%
TAX RATE AVG 10Y
23.97%
TAX RATE AVG 15Y
26.29%
TAX RATE AVG 20Y
28.08%
CURRENT VS TTM AVG
-11.27%
CURRENT VS 3Y AVG
-18.38%
CURRENT VS 5Y AVG
-19.59%
CURRENT VS 10Y AVG
-21.78%
CURRENT VS 15Y AVG
-28.70%
CURRENT VS 20Y AVG
-33.24%
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 | 18.75% |
| 2025-12-31 | 22.60% |
| 2025-09-30 | 22.54% |
| 2025-06-30 | 22.78% |
| 2025-03-31 | 18.99% |
| 2024-12-31 | 23.07% |
| 2024-09-30 | 22.60% |
| 2024-06-30 | 21.21% |
| 2024-03-31 | 22.73% |
| 2023-12-31 | 23.57% |
| 2023-09-30 | 23.82% |
| 2023-06-30 | 23.40% |
| 2023-03-31 | 22.59% |
| 2022-12-31 | 24.82% |
| 2022-09-30 | 24.21% |
| 2022-06-30 | 23.69% |
| 2022-03-31 | 24.63% |
| 2021-12-31 | 22.16% |
| 2021-09-30 | 23.69% |
| 2021-06-30 | 27.62% |
| 2021-03-31 | 25.62% |
| 2020-12-31 | 21.63% |
| 2020-09-30 | 20.16% |
| 2020-06-30 | 27.41% |
| 2020-03-31 | 26.57% |
| 2019-12-31 | 24.64% |
| 2019-09-30 | 20.64% |
| 2019-06-30 | 22.71% |
| 2019-03-31 | 20.87% |
| 2018-12-31 | 21.74% |
| 2018-09-30 | 19.86% |
| 2018-06-30 | 22.48% |
| 2018-03-31 | 28.43% |
| 2017-12-31 | 31.79% |
| 2017-09-30 | 26.00% |
| 2017-06-30 | 30.34% |
| 2017-03-31 | 20.93% |
| 2016-12-31 | 26.32% |
| 2016-09-30 | 31.00% |
| 2016-06-30 | 31.00% |
| 2016-03-31 | 31.00% |
| 2015-12-31 | 28.85% |
| 2015-09-30 | 30.65% |
| 2015-06-30 | 28.89% |
| 2015-03-31 | 32.80% |
| 2014-12-31 | 30.80% |
| 2014-09-30 | 31.80% |
| 2014-06-30 | 32.36% |
| 2014-03-31 | 29.83% |
| 2013-12-31 | 28.17% |
| 2013-09-30 | 32.13% |
| 2013-06-30 | 31.45% |
| 2013-03-31 | 29.82% |
| 2012-12-31 | 31.15% |
| 2012-09-30 | 31.06% |
| 2012-06-30 | 33.12% |
| 2012-03-31 | 32.00% |
| 2011-12-31 | 29.70% |
| 2011-09-30 | 23.78% |
| 2011-06-30 | 31.99% |
| 2011-03-31 | 33.05% |
| 2010-12-31 | 30.00% |
| 2010-09-30 | 34.41% |
| 2010-06-30 | 32.05% |
| 2010-03-31 | 36.11% |
| 2009-12-31 | 34.11% |
| 2009-09-30 | 34.27% |
| 2009-06-30 | 34.38% |
| 2009-03-31 | 35.50% |
| 2008-12-31 | 35.04% |
| 2008-09-30 | 34.39% |
| 2008-06-30 | 36.62% |
| 2008-03-31 | 35.22% |
| 2007-12-31 | 28.44% |
| 2007-09-30 | 31.97% |
| 2007-06-30 | 35.52% |
| 2007-03-31 | 36.11% |
| 2006-12-31 | 32.01% |
| 2006-09-30 | 35.40% |
| 2006-06-30 | 22.28% |
| 2006-03-31 | 37.00% |
| 2005-12-31 | 36.11% |
| 2005-09-30 | 37.00% |
| 2005-06-30 | 35.56% |
| 2005-03-31 | 37.00% |
| 2004-12-31 | 33.78% |
| 2004-09-30 | 34.62% |
| 2004-06-30 | 37.50% |
| 2004-03-31 | 30.61% |
| 2003-12-31 | 37.35% |
| 2003-09-30 | 38.00% |
| 2003-06-30 | 38.00% |
| 2003-03-31 | 38.00% |
| 2002-12-31 | 35.23% |
| 2002-09-30 | 37.96% |
| 2002-06-30 | 37.53% |
