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 24.69% is 56% above its 5-year average of 15.86%, around the middle of its 5-year range (-10.28%–49.27%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.35% above its 12-month average of 21.79%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.69%
TAX RATE AVG TTM
21.79%
TAX RATE AVG 3Y
19.33%
TAX RATE AVG 5Y
16.63%
TAX RATE AVG 10Y
20.48%
TAX RATE AVG 15Y
24.39%
TAX RATE AVG 20Y
26.82%
CURRENT VS TTM AVG
+13.35%
CURRENT VS 3Y AVG
+27.74%
CURRENT VS 5Y AVG
+48.51%
CURRENT VS 10Y AVG
+20.60%
CURRENT VS 15Y AVG
+1.24%
CURRENT VS 20Y AVG
-7.92%
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 | 24.69% |
| 2025-12-31 | 21.22% |
| 2025-09-30 | 22.70% |
| 2025-06-30 | 16.89% |
| 2025-03-31 | 23.43% |
| 2024-12-31 | 3.43% |
| 2024-09-30 | 18.45% |
| 2024-06-30 | -5.21% |
| 2024-03-31 | 20.35% |
| 2023-12-31 | 17.53% |
| 2023-09-30 | 21.49% |
| 2023-06-30 | 11.37% |
| 2023-03-31 | 14.52% |
| 2022-12-31 | 49.27% |
| 2022-09-30 | 20.54% |
| 2022-06-30 | 6.27% |
| 2022-03-31 | 21.64% |
| 2021-12-31 | -2.20% |
| 2021-09-30 | 21.31% |
| 2021-06-30 | -10.28% |
| 2021-03-31 | 15.66% |
| 2020-09-30 | 19.16% |
| 2020-06-30 | 4.27% |
| 2020-03-31 | 12.30% |
| 2019-12-31 | 14.48% |
| 2019-09-30 | 18.74% |
| 2019-06-30 | 9.60% |
| 2019-03-31 | 19.53% |
| 2018-12-31 | 17.66% |
| 2018-09-30 | 28.69% |
| 2018-06-30 | 16.81% |
| 2018-03-31 | 21.47% |
| 2017-12-31 | -33.95% |
| 2017-09-30 | 37.14% |
| 2017-06-30 | 36.82% |
| 2017-03-31 | 36.91% |
| 2016-12-31 | 31.68% |
| 2016-09-30 | 38.72% |
| 2016-06-30 | 34.83% |
| 2016-03-31 | 34.60% |
| 2015-12-31 | 24.46% |
| 2015-09-30 | 36.78% |
| 2015-06-30 | 31.56% |
| 2015-03-31 | 34.97% |
| 2014-12-31 | 10.00% |
| 2014-09-30 | 37.27% |
| 2014-06-30 | 32.48% |
| 2014-03-31 | 35.42% |
| 2013-12-31 | 30.56% |
| 2013-09-30 | 35.01% |
| 2013-06-30 | 27.43% |
| 2013-03-31 | 22.89% |
| 2012-12-31 | 32.57% |
| 2012-09-30 | 37.23% |
| 2012-06-30 | 33.13% |
| 2012-03-31 | 32.37% |
| 2011-12-31 | 38.92% |
| 2011-09-30 | 36.82% |
| 2011-06-30 | 33.07% |
| 2011-03-31 | 34.99% |
| 2010-12-31 | 32.86% |
| 2010-09-30 | 36.74% |
| 2010-06-30 | 36.30% |
| 2010-03-31 | 34.76% |
| 2009-12-31 | 33.36% |
| 2009-09-30 | 42.77% |
| 2009-06-30 | 92.16% |
| 2009-03-31 | 74.32% |
| 2008-12-31 | 32.77% |
| 2008-09-30 | 32.59% |
| 2008-06-30 | 40.78% |
| 2008-03-31 | 35.21% |
| 2007-12-31 | 31.42% |
| 2007-09-30 | 28.44% |
| 2007-06-30 | 32.16% |
| 2007-03-31 | 36.16% |
| 2006-12-31 | 30.93% |
| 2006-09-30 | 35.83% |
| 2006-06-30 | 31.89% |
| 2006-03-31 | 38.57% |
| 2005-12-31 | 16.57% |
| 2005-09-30 | 36.92% |
| 2005-06-30 | 23.87% |
| 2005-03-31 | 38.64% |
| 2004-12-31 | -31.91% |
| 2004-09-30 | 36.92% |
| 2004-06-30 | 31.20% |
| 2004-03-31 | 39.46% |
| 2003-12-31 | 15.25% |
| 2003-09-30 | 39.25% |
| 2003-06-30 | 36.11% |
| 2003-03-31 | 38.19% |
| 2002-12-31 | 29.10% |
| 2002-09-30 | 37.44% |
| 2002-06-30 | 36.86% |
