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 20.95% is in line with its 5-year average of 20.89%, around the middle of its 5-year range (19.99%–23.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.31% below its 12-month average of 21.45%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.95%
TAX RATE AVG TTM
21.45%
TAX RATE AVG 3Y
20.86%
TAX RATE AVG 5Y
20.89%
TAX RATE AVG 10Y
20.95%
TAX RATE AVG 15Y
26.08%
TAX RATE AVG 20Y
27.52%
CURRENT VS TTM AVG
-2.31%
CURRENT VS 3Y AVG
+0.44%
CURRENT VS 5Y AVG
+0.27%
CURRENT VS 10Y AVG
+0.01%
CURRENT VS 15Y AVG
-19.66%
CURRENT VS 20Y AVG
-23.88%
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 | 20.95% |
| 2026-03-31 | 20.94% |
| 2025-12-31 | 23.03% |
| 2025-09-30 | 21.44% |
| 2025-06-30 | 20.87% |
| 2025-03-31 | 20.79% |
| 2024-12-31 | 20.74% |
| 2024-09-30 | 20.42% |
| 2024-06-30 | 20.94% |
| 2024-03-31 | 20.82% |
| 2023-12-31 | 20.72% |
| 2023-09-30 | 19.99% |
| 2023-06-30 | 20.95% |
| 2023-03-31 | 20.99% |
| 2022-12-31 | 20.10% |
| 2022-09-30 | 20.72% |
| 2022-06-30 | 20.92% |
| 2022-03-31 | 20.94% |
| 2021-12-31 | 21.17% |
| 2021-09-30 | 20.94% |
| 2021-06-30 | 20.89% |
| 2021-03-31 | 20.52% |
| 2020-12-31 | 19.72% |
| 2020-09-30 | 20.13% |
| 2020-06-30 | 20.01% |
| 2020-03-31 | 22.07% |
| 2019-12-31 | 21.23% |
| 2019-09-30 | 21.20% |
| 2019-06-30 | 17.24% |
| 2019-03-31 | 21.15% |
| 2018-12-31 | 24.60% |
| 2018-09-30 | 23.00% |
| 2018-06-30 | 21.07% |
| 2018-03-31 | 20.98% |
| 2017-12-31 | 50.41% |
| 2017-09-30 | 34.12% |
| 2017-06-30 | 34.41% |
| 2017-03-31 | 34.38% |
| 2016-12-31 | 34.71% |
| 2016-09-30 | 33.73% |
| 2016-06-30 | 34.19% |
| 2016-03-31 | 34.64% |
| 2015-09-30 | 34.36% |
| 2015-06-30 | 34.47% |
| 2015-03-31 | 34.15% |
| 2014-12-31 | 32.89% |
| 2014-09-30 | 28.00% |
| 2014-06-30 | 29.93% |
| 2014-03-31 | 30.13% |
| 2013-12-31 | 33.19% |
| 2013-09-30 | 32.91% |
| 2013-06-30 | 32.70% |
| 2013-03-31 | 33.49% |
| 2012-12-31 | 27.88% |
| 2012-09-30 | 31.85% |
| 2012-03-31 | 33.71% |
| 2011-12-31 | 33.88% |
| 2011-03-31 | 33.50% |
| 2010-12-31 | 39.09% |
| 2010-09-30 | 32.10% |
| 2010-03-31 | 28.95% |
| 2009-12-31 | 37.23% |
| 2009-09-30 | 29.21% |
| 2009-06-30 | -5.04% |
| 2008-09-30 | 30.60% |
| 2008-06-30 | 32.64% |
| 2008-03-31 | 32.04% |
| 2007-12-31 | 37.16% |
| 2007-09-30 | 30.93% |
| 2007-06-30 | 31.25% |
| 2007-03-31 | 30.86% |
| 2006-12-31 | 27.41% |
| 2006-09-30 | 34.46% |
| 2006-06-30 | 35.34% |
| 2006-03-31 | 33.92% |
| 2005-12-31 | 30.97% |
| 2005-09-30 | 33.07% |
| 2005-06-30 | 33.46% |
| 2005-03-31 | 33.49% |
| 2004-12-31 | 27.84% |
| 2004-09-30 | 33.82% |
| 2004-06-30 | 33.73% |
| 2004-03-31 | 33.61% |
| 2003-12-31 | 38.99% |
| 2003-09-30 | 33.34% |
| 2003-06-30 | 33.40% |
| 2003-03-31 | 33.39% |
| 2002-12-31 | 32.61% |
| 2002-09-30 | 34.00% |
