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 24.23% is in line with its 5-year average of 22.61%, near the high end of its 5-year range (16.24%–24.89%).
As of the fiscal period ended Friday, July 31, 2026. 2.63% above its 12-month average of 23.61%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.23%
TAX RATE AVG TTM
23.61%
TAX RATE AVG 3Y
22.88%
TAX RATE AVG 5Y
22.61%
TAX RATE AVG 10Y
22.24%
TAX RATE AVG 15Y
28.30%
TAX RATE AVG 20Y
30.38%
CURRENT VS TTM AVG
+2.63%
CURRENT VS 3Y AVG
+5.90%
CURRENT VS 5Y AVG
+7.14%
CURRENT VS 10Y AVG
+8.95%
CURRENT VS 15Y AVG
-14.39%
CURRENT VS 20Y AVG
-20.24%
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 |
|---|---|
| 2026-07-31 | 24.23% |
| 2026-05-01 | 24.89% |
| 2026-01-30 | 21.85% |
| 2025-10-31 | 23.59% |
| 2025-08-01 | 23.48% |
| 2025-05-02 | 23.38% |
| 2025-01-31 | 16.24% |
| 2024-11-01 | 23.22% |
| 2024-08-02 | 22.34% |
| 2024-05-03 | 23.30% |
| 2024-02-02 | 20.04% |
| 2023-11-03 | 21.34% |
| 2023-08-04 | 22.89% |
| 2023-05-05 | 21.81% |
| 2023-02-03 | 23.21% |
| 2022-10-28 | 22.79% |
| 2022-07-29 | 22.09% |
| 2022-04-29 | 21.77% |
| 2022-01-28 | 21.20% |
| 2021-10-29 | 22.25% |
| 2021-07-30 | 21.37% |
| 2021-04-30 | 21.96% |
| 2021-01-29 | 22.74% |
| 2020-10-30 | 21.64% |
| 2020-07-31 | 21.50% |
| 2020-05-01 | 22.22% |
| 2020-01-31 | 22.99% |
| 2019-11-01 | 21.75% |
| 2019-08-02 | 22.86% |
| 2019-05-03 | 20.83% |
| 2019-02-01 | 21.22% |
| 2018-11-02 | 19.98% |
| 2018-08-03 | 21.54% |
| 2018-05-04 | 21.61% |
| 2018-02-02 | -18.86% |
| 2017-11-03 | 35.81% |
| 2017-08-04 | 37.20% |
| 2017-05-05 | 37.23% |
| 2017-02-03 | 36.78% |
| 2016-10-28 | 36.25% |
| 2016-07-29 | 36.77% |
| 2016-04-29 | 35.37% |
| 2016-01-29 | 36.15% |
| 2015-10-30 | 37.01% |
| 2015-07-31 | 37.96% |
| 2015-05-01 | 37.72% |
| 2015-01-30 | 34.82% |
| 2014-10-31 | 36.53% |
| 2014-08-01 | 38.10% |
| 2014-05-02 | 37.78% |
| 2014-01-31 | 37.54% |
| 2013-11-01 | 35.62% |
| 2013-08-02 | 37.41% |
| 2013-05-03 | 37.41% |
| 2013-02-01 | 35.86% |
| 2012-11-02 | 37.43% |
| 2012-08-03 | 34.11% |
| 2012-05-04 | 38.24% |
| 2012-02-03 | 37.51% |
| 2011-10-28 | 37.13% |
| 2011-07-29 | 36.82% |
| 2011-04-29 | 38.15% |
| 2011-01-28 | 35.04% |
| 2010-10-29 | 35.58% |
| 2010-07-30 | 37.23% |
| 2010-04-30 | 37.78% |
| 2010-01-29 | 39.54% |
| 2009-10-30 | 40.96% |
| 2009-07-31 | 35.76% |
| 2009-05-01 | 38.08% |
| 2009-01-30 | 38.69% |
| 2008-10-31 | 228.36% |
| 2008-08-01 | 37.78% |
| 2008-05-02 | 44.50% |
| 2008-02-01 | 37.07% |
| 2007-05-04 | 32.64% |
| 2007-02-02 | 35.28% |
| 2006-08-04 | 37.85% |
| 2006-05-05 | 37.68% |
| 2006-02-03 | 36.07% |
| 2005-10-28 | 34.23% |
| 2005-07-29 | 34.80% |
| 2005-04-29 | 37.34% |
| 2005-01-28 | 37.72% |
| 2004-10-29 | 33.89% |
| 2004-07-30 | 31.48% |
| 2004-04-30 | 37.24% |
| 2004-01-30 | 39.12% |
| 2003-10-31 | 36.85% |
| 2003-08-01 | 36.20% |
| 2003-05-02 | 35.50% |
| 2003-01-31 | 35.74% |
| 2002-10-31 | 35.88% |
