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 21.62% is in line with its 5-year average of 21.31%, around the middle of its 5-year range (9.14%–32.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.41% above its 12-month average of 21.31%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.62%
TAX RATE AVG TTM
21.31%
TAX RATE AVG 3Y
21.61%
TAX RATE AVG 5Y
21.31%
TAX RATE AVG 10Y
21.34%
TAX RATE AVG 15Y
23.94%
TAX RATE AVG 20Y
26.14%
CURRENT VS TTM AVG
+1.41%
CURRENT VS 3Y AVG
+0.04%
CURRENT VS 5Y AVG
+1.45%
CURRENT VS 10Y AVG
+1.29%
CURRENT VS 15Y AVG
-9.71%
CURRENT VS 20Y AVG
-17.29%
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 |
|---|---|
| 2026-06-30 | 21.62% |
| 2026-03-31 | 22.07% |
| 2025-12-31 | 21.81% |
| 2025-09-30 | 20.10% |
| 2025-06-30 | 20.98% |
| 2025-03-31 | 31.64% |
| 2024-12-31 | 23.48% |
| 2024-09-30 | 21.94% |
| 2024-06-30 | 19.34% |
| 2024-03-31 | 22.78% |
| 2023-12-31 | 9.14% |
| 2023-09-30 | 23.12% |
| 2023-06-30 | 20.44% |
| 2023-03-31 | 20.97% |
| 2022-12-31 | 23.22% |
| 2022-09-30 | 21.68% |
| 2022-06-30 | 32.54% |
| 2022-03-31 | 15.72% |
| 2021-12-31 | 20.81% |
| 2021-09-30 | 18.60% |
| 2021-06-30 | 19.26% |
| 2021-03-31 | 22.93% |
| 2020-12-31 | 19.72% |
| 2020-09-30 | 4.58% |
| 2020-06-30 | 11.14% |
| 2020-03-31 | 23.95% |
| 2019-12-31 | 22.22% |
| 2019-09-30 | 12.35% |
| 2019-06-30 | 20.21% |
| 2019-03-31 | 22.22% |
| 2018-12-31 | 20.98% |
| 2018-09-30 | 15.72% |
| 2018-06-30 | 6.38% |
| 2018-03-31 | 25.68% |
| 2017-12-31 | 21.67% |
| 2017-09-30 | 26.72% |
| 2017-06-30 | 32.53% |
| 2017-03-31 | 32.04% |
| 2016-12-31 | 20.26% |
| 2016-09-30 | 13.23% |
| 2016-06-30 | 31.25% |
| 2016-03-31 | 32.07% |
| 2015-12-31 | 29.26% |
| 2015-09-30 | 34.64% |
| 2015-06-30 | 27.89% |
| 2015-03-31 | 38.97% |
| 2014-12-31 | 30.85% |
| 2014-09-30 | 49.14% |
| 2014-06-30 | 31.16% |
| 2014-03-31 | 32.19% |
| 2013-12-31 | 25.82% |
| 2013-09-30 | 31.58% |
| 2013-06-30 | 58.12% |
| 2013-03-31 | 30.45% |
| 2012-12-31 | 30.76% |
| 2012-09-30 | 49.41% |
| 2012-06-30 | 31.86% |
| 2012-03-31 | 31.70% |
| 2011-12-31 | 31.10% |
| 2011-09-30 | 31.56% |
| 2011-06-30 | 29.64% |
| 2011-03-31 | 31.93% |
| 2010-12-31 | 31.14% |
| 2010-09-30 | 30.09% |
| 2010-06-30 | 30.82% |
| 2010-03-31 | 29.95% |
| 2009-12-31 | 25.65% |
| 2009-09-30 | 22.98% |
| 2009-06-30 | 28.03% |
| 2009-03-31 | 31.54% |
| 2008-12-31 | 30.84% |
| 2008-09-30 | 31.00% |
| 2008-06-30 | 31.61% |
| 2008-03-31 | 31.42% |
| 2007-12-31 | 32.86% |
| 2007-09-30 | 31.31% |
| 2007-06-30 | 30.34% |
| 2007-03-31 | 32.74% |
| 2006-12-31 | 30.47% |
| 2006-09-30 | 32.13% |
| 2006-06-30 | 31.93% |
| 2006-03-31 | 30.56% |
| 2005-12-31 | 30.00% |
| 2005-09-30 | 32.31% |
| 2005-06-30 | 40.13% |
| 2005-03-31 | 30.12% |
| 2004-12-31 | 31.57% |
| 2004-09-30 | 33.21% |
| 2004-06-30 | 31.66% |
| 2004-03-31 | 31.76% |
| 2003-12-31 | 31.65% |
| 2003-09-30 | 32.02% |
| 2003-06-30 | 15.50% |
| 2003-03-31 | 32.30% |
| 2002-12-31 | 32.51% |
| 2002-09-30 | 32.94% |
