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 23.18% is in line with its 4-year average of 22.57%, around the middle of its 4-year range (18.13%–25.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.05% above its 12-month average of 22.50%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.18%
TAX RATE AVG TTM
22.50%
TAX RATE AVG 3Y
22.25%
TAX RATE AVG 5Y
22.57%
TAX RATE AVG 10Y
22.11%
TAX RATE AVG 15Y
25.76%
TAX RATE AVG 20Y
29.77%
CURRENT VS TTM AVG
+3.05%
CURRENT VS 3Y AVG
+4.19%
CURRENT VS 5Y AVG
+2.73%
CURRENT VS 10Y AVG
+4.83%
CURRENT VS 15Y AVG
-10.02%
CURRENT VS 20Y AVG
-22.12%
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 | 23.18% |
| 2026-03-31 | 21.81% |
| 2025-12-31 | 21.82% |
| 2025-09-30 | 24.10% |
| 2025-06-30 | 21.57% |
| 2025-03-31 | 19.96% |
| 2024-12-31 | 25.58% |
| 2024-03-31 | 19.08% |
| 2023-12-31 | 23.14% |
| 2023-03-31 | 22.63% |
| 2022-12-31 | 24.59% |
| 2022-09-30 | 18.13% |
| 2022-06-30 | 25.63% |
| 2021-12-31 | 24.69% |
| 2020-12-31 | -4.81% |
| 2019-06-30 | 23.64% |
| 2019-03-31 | 16.70% |
| 2017-12-31 | -853.75% |
| 2017-09-30 | -11.98% |
| 2017-06-30 | 19.50% |
| 2017-03-31 | 28.65% |
| 2016-09-30 | 15.73% |
| 2016-03-31 | 7.76% |
| 2015-12-31 | 585.88% |
| 2015-09-30 | 26.39% |
| 2015-03-31 | 20.58% |
| 2014-12-31 | -634.59% |
| 2014-09-30 | 32.77% |
| 2014-06-30 | 30.23% |
| 2014-03-31 | 35.54% |
| 2013-12-31 | 52.72% |
| 2013-09-30 | 25.03% |
| 2013-06-30 | 30.07% |
| 2013-03-31 | 31.89% |
| 2012-12-31 | 37.99% |
| 2012-09-30 | 23.99% |
| 2012-06-30 | 31.67% |
| 2012-03-31 | 38.29% |
| 2011-12-31 | 35.69% |
| 2011-09-30 | 37.35% |
| 2011-06-30 | 36.38% |
| 2011-03-31 | 37.10% |
| 2010-12-31 | 35.25% |
| 2010-09-30 | 36.20% |
| 2010-06-30 | 36.20% |
| 2010-03-31 | 36.20% |
| 2009-12-31 | 32.15% |
| 2009-09-30 | 70.91% |
| 2009-06-30 | 38.55% |
| 2009-03-31 | 39.30% |
| 2008-12-31 | 42.23% |
| 2008-09-30 | 36.66% |
| 2008-06-30 | 38.51% |
| 2008-03-31 | 36.23% |
| 2007-12-31 | 34.57% |
| 2007-09-30 | 33.40% |
| 2007-06-30 | 37.63% |
| 2007-03-31 | 35.46% |
| 2006-12-31 | 30.61% |
| 2006-09-30 | 35.00% |
| 2006-06-30 | 31.39% |
| 2006-03-31 | 37.01% |
| 2005-12-31 | 37.07% |
| 2005-09-30 | 27.76% |
| 2005-06-30 | 44.52% |
| 2005-03-31 | 35.66% |
| 2004-12-31 | 30.72% |
| 2004-09-30 | 34.00% |
| 2004-06-30 | 34.00% |
| 2004-03-31 | 35.00% |
| 2003-12-31 | 32.56% |
| 2003-09-30 | 34.00% |
| 2003-06-30 | 33.98% |
| 2003-03-31 | 29.68% |
| 2002-12-31 | 34.00% |
| 2002-09-30 | 34.60% |
