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 50.28% is 76% above its 5-year average of 28.64%, near the high end of its 5-year range (-4.17%–56.88%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.46% above its 12-month average of 48.13%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
50.28%
TAX RATE AVG TTM
48.13%
TAX RATE AVG 3Y
40.95%
TAX RATE AVG 5Y
28.64%
TAX RATE AVG 10Y
25.36%
TAX RATE AVG 15Y
26.86%
TAX RATE AVG 20Y
29.94%
CURRENT VS TTM AVG
+4.46%
CURRENT VS 3Y AVG
+22.80%
CURRENT VS 5Y AVG
+75.57%
CURRENT VS 10Y AVG
+98.24%
CURRENT VS 15Y AVG
+87.19%
CURRENT VS 20Y AVG
+67.92%
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 | 50.28% |
| 2025-12-31 | 51.35% |
| 2025-09-30 | 56.88% |
| 2025-03-31 | 34.02% |
| 2024-03-31 | 31.07% |
| 2023-12-31 | 37.57% |
| 2023-09-30 | 21.74% |
| 2023-03-31 | 44.64% |
| 2022-12-31 | 25.38% |
| 2022-09-30 | 22.59% |
| 2022-06-30 | -4.17% |
| 2022-03-31 | 18.49% |
| 2021-12-31 | 21.47% |
| 2021-09-30 | 22.52% |
| 2021-06-30 | 3.33% |
| 2021-03-31 | 21.03% |
| 2020-12-31 | 14.85% |
| 2020-09-30 | 21.76% |
| 2020-03-31 | 105.00% |
| 2019-12-31 | 30.83% |
| 2019-09-30 | 21.32% |
| 2019-06-30 | 20.60% |
| 2019-03-31 | 23.38% |
| 2018-12-31 | 22.86% |
| 2018-09-30 | 20.70% |
| 2018-06-30 | 27.97% |
| 2018-03-31 | 22.08% |
| 2017-12-31 | 81.88% |
| 2017-09-30 | 21.68% |
| 2017-06-30 | -11.11% |
| 2017-03-31 | 26.29% |
| 2016-12-31 | 28.33% |
| 2016-09-30 | 26.55% |
| 2016-06-30 | 27.09% |
| 2016-03-31 | 27.98% |
| 2015-12-31 | 27.16% |
| 2015-09-30 | 29.22% |
| 2015-06-30 | 29.80% |
| 2015-03-31 | 29.19% |
| 2014-12-31 | 29.58% |
| 2014-09-30 | 31.54% |
| 2014-06-30 | 29.71% |
| 2014-03-31 | 35.10% |
| 2013-12-31 | 32.41% |
| 2013-09-30 | 30.78% |
| 2013-06-30 | 27.79% |
| 2013-03-31 | 23.05% |
| 2012-12-31 | 32.01% |
| 2012-09-30 | 33.26% |
| 2012-06-30 | 11.82% |
| 2012-03-31 | 33.35% |
| 2011-12-31 | 32.58% |
| 2011-09-30 | 32.71% |
| 2011-06-30 | 11.29% |
| 2011-03-31 | 35.28% |
| 2010-12-31 | 31.04% |
| 2010-09-30 | 32.74% |
| 2010-03-31 | 46.44% |
| 2009-12-31 | 31.08% |
| 2009-09-30 | 31.37% |
| 2009-03-31 | 43.06% |
| 2008-12-31 | 35.66% |
| 2008-09-30 | 35.75% |
| 2008-06-30 | 33.24% |
| 2008-03-31 | 37.01% |
| 2007-12-31 | 34.89% |
| 2007-09-30 | 35.46% |
| 2007-06-30 | 38.64% |
| 2007-03-31 | 35.43% |
| 2006-12-31 | 34.89% |
| 2006-10-24 | 35.84% |
| 2006-06-30 | 63.24% |
| 2006-03-31 | 39.56% |
| 2005-12-31 | 37.00% |
| 2005-09-30 | 35.98% |
| 2005-06-30 | 54.83% |
| 2005-03-31 | 37.38% |
| 2004-12-31 | 37.63% |
| 2004-09-30 | 37.04% |
| 2004-06-30 | 36.90% |
| 2004-03-31 | 37.83% |
| 2003-12-31 | 38.10% |
| 2003-09-30 | 36.04% |
| 2003-06-30 | 30.34% |
| 2003-03-31 | 32.85% |
| 2002-12-31 | 33.43% |
| 2002-09-30 | 33.54% |
