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 21.77% is 19% above its 5-year average of 18.31%, near the high end of its 5-year range (9.22%–25.17%).
As of the fiscal period ended Tuesday, March 31, 2026. 16.17% above its 12-month average of 18.74%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.77%
TAX RATE AVG TTM
18.74%
TAX RATE AVG 3Y
18.87%
TAX RATE AVG 5Y
18.76%
TAX RATE AVG 10Y
18.71%
TAX RATE AVG 15Y
21.44%
TAX RATE AVG 20Y
24.31%
CURRENT VS TTM AVG
+16.17%
CURRENT VS 3Y AVG
+15.38%
CURRENT VS 5Y AVG
+16.02%
CURRENT VS 10Y AVG
+16.37%
CURRENT VS 15Y AVG
+1.54%
CURRENT VS 20Y AVG
-10.46%
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 | 21.77% |
| 2025-12-31 | 13.89% |
| 2025-09-30 | 17.83% |
| 2025-06-30 | 19.91% |
| 2025-03-31 | 20.29% |
| 2024-12-31 | 10.26% |
| 2024-09-30 | 24.97% |
| 2024-06-30 | 16.20% |
| 2024-03-31 | 9.22% |
| 2023-12-31 | 23.57% |
| 2023-09-30 | 19.12% |
| 2023-06-30 | 20.56% |
| 2023-03-31 | 18.04% |
| 2022-12-31 | 16.20% |
| 2022-09-30 | 14.60% |
| 2022-06-30 | 19.68% |
| 2022-03-31 | 20.70% |
| 2021-12-31 | 12.65% |
| 2021-09-30 | 18.34% |
| 2021-06-30 | 21.54% |
| 2021-03-31 | 25.17% |
| 2020-12-31 | 19.34% |
| 2020-09-30 | 14.54% |
| 2020-06-30 | 9.50% |
| 2020-03-31 | 13.69% |
| 2019-12-31 | 17.79% |
| 2019-09-30 | 15.93% |
| 2019-06-30 | 20.36% |
| 2019-03-31 | 11.39% |
| 2018-12-31 | 26.96% |
| 2018-09-30 | 8.97% |
| 2018-06-30 | 22.78% |
| 2018-03-31 | 21.78% |
| 2017-12-31 | -3.68% |
| 2017-09-30 | 24.59% |
| 2017-06-30 | 21.36% |
| 2017-03-31 | 17.37% |
| 2016-12-31 | 23.86% |
| 2016-09-30 | 25.47% |
| 2016-06-30 | 24.08% |
| 2016-03-31 | 24.03% |
| 2015-12-31 | 14.43% |
| 2015-09-30 | 29.63% |
| 2015-06-30 | 18.00% |
| 2015-03-31 | 27.61% |
| 2014-12-31 | 25.13% |
| 2014-09-30 | 27.30% |
| 2014-06-30 | 29.37% |
| 2014-03-31 | 31.95% |
| 2013-12-31 | 28.14% |
| 2013-09-30 | 24.89% |
| 2013-06-30 | 24.57% |
| 2013-03-31 | 19.58% |
| 2012-12-31 | 29.64% |
| 2012-09-30 | 28.99% |
| 2012-06-30 | 30.16% |
| 2012-03-31 | 44.67% |
| 2011-12-31 | 31.59% |
| 2011-09-30 | 31.76% |
| 2011-06-30 | 31.86% |
| 2011-03-31 | 32.13% |
| 2010-12-31 | 30.52% |
| 2010-09-30 | 24.28% |
| 2010-06-30 | 31.59% |
| 2010-03-31 | 31.05% |
| 2009-12-31 | 35.64% |
| 2009-09-30 | 30.16% |
| 2009-06-30 | 33.58% |
| 2009-03-31 | 29.38% |
| 2008-12-31 | 35.64% |
| 2008-09-30 | 32.04% |
| 2008-06-30 | 28.79% |
| 2008-03-31 | 29.38% |
| 2007-12-31 | 29.65% |
| 2007-09-30 | 28.21% |
| 2007-06-30 | 30.89% |
| 2007-03-31 | 34.53% |
| 2006-12-31 | 34.85% |
| 2006-09-30 | 35.14% |
| 2006-06-30 | 34.43% |
| 2006-03-31 | 35.70% |
| 2005-12-31 | 38.58% |
| 2005-09-30 | 35.18% |
| 2005-06-30 | 35.48% |
| 2005-03-31 | 35.19% |
| 2004-12-31 | 36.27% |
| 2004-09-30 | 35.57% |
| 2004-06-30 | 37.19% |
| 2004-03-31 | 37.12% |
| 2003-12-31 | 34.97% |
| 2003-09-30 | 39.40% |
| 2003-06-30 | 38.73% |
| 2003-03-31 | 39.10% |
| 2002-12-31 | 38.41% |
| 2002-09-30 | 39.89% |
| 2002-06-30 | 40.39% |
