Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of 9.39% is 33% below its 5-year average of 13.92%, near the low end of its 5-year range (8.05%–32.36%).
As of the fiscal period ended Wednesday, December 31, 2025. 7.08% below its 12-month average of 10.11%.
Reported annual effective tax rate; no daily interpolation. Historical series through 2025-12-31.
TAX RATE
9.39%
TAX RATE AVG TTM
10.11%
TAX RATE AVG 3Y
9.46%
TAX RATE AVG 5Y
13.92%
TAX RATE AVG 10Y
14.15%
TAX RATE AVG 15Y
11.94%
TAX RATE AVG 20Y
13.04%
CURRENT VS TTM AVG
-7.08%
CURRENT VS 3Y AVG
-0.79%
CURRENT VS 5Y AVG
-32.53%
CURRENT VS 10Y AVG
-33.64%
CURRENT VS 15Y AVG
-21.33%
CURRENT VS 20Y AVG
-28.00%
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 |
|---|---|
| 2025-12-31 | 9.39% |
| 2024-12-31 | 10.82% |
| 2023-12-31 | 9.60% |
| 2022-12-31 | 8.05% |
| 2021-12-31 | 32.36% |
| 2020-12-31 | 13.28% |
| 2019-12-31 | 7.83% |
| 2018-12-31 | 11.25% |
| 2017-12-31 | 18.77% |
| 2016-12-31 | 16.04% |
| 2015-12-31 | 18.27% |
| 2014-12-31 | 12.50% |
| 2013-12-31 | 11.72% |
| 2012-12-31 | 9.09% |
| 2011-12-31 | 11.41% |
| 2010-12-31 | 11.02% |
| 2009-12-31 | 14.29% |
| 2008-12-31 | 16.94% |
| 2007-12-31 | 15.26% |
| 2006-12-31 | 22.27% |
| 2005-12-31 | 33.46% |
| 2004-12-31 | 22.68% |
| 2003-12-31 | 19.79% |
| 2002-12-31 | 17.16% |
| 2001-12-31 | 21.24% |
| 2000-12-31 | -43.53% |
| 1999-12-31 | 23.89% |
| 1998-12-31 | 25.07% |
| 1997-12-31 | 27.21% |
| 1996-12-31 | 24.37% |
