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 18.34% is in line with its 5-year average of 19.63%, around the middle of its 5-year range (-33.85%–41.77%).
As of the fiscal period ended Tuesday, March 31, 2026. 11.61% below its 12-month average of 20.75%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.34%
TAX RATE AVG TTM
20.75%
TAX RATE AVG 3Y
22.91%
TAX RATE AVG 5Y
22.30%
TAX RATE AVG 10Y
22.15%
TAX RATE AVG 15Y
22.01%
TAX RATE AVG 20Y
27.36%
CURRENT VS TTM AVG
-11.61%
CURRENT VS 3Y AVG
-19.92%
CURRENT VS 5Y AVG
-17.76%
CURRENT VS 10Y AVG
-17.19%
CURRENT VS 15Y AVG
-16.68%
CURRENT VS 20Y AVG
-32.96%
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 | 18.34% |
| 2025-12-31 | 18.39% |
| 2025-09-30 | 22.72% |
| 2025-06-30 | 22.68% |
| 2025-03-31 | 21.63% |
| 2024-12-31 | 27.86% |
| 2024-09-30 | 25.02% |
| 2024-06-30 | 39.40% |
| 2024-03-31 | 21.53% |
| 2023-09-30 | 25.31% |
| 2023-06-30 | 25.59% |
| 2023-03-31 | -33.85% |
| 2022-12-31 | 41.77% |
| 2022-09-30 | 24.88% |
| 2022-03-31 | 19.21% |
| 2021-12-31 | -6.25% |
| 2021-09-30 | 22.81% |
| 2021-03-31 | 16.28% |
| 2020-12-31 | -278.63% |
| 2020-09-30 | 22.14% |
| 2020-06-30 | 19.62% |
| 2020-03-31 | -136.65% |
| 2019-12-31 | -166.21% |
| 2019-09-30 | 7.32% |
| 2019-06-30 | 0.60% |
| 2019-03-31 | 14.19% |
| 2018-09-30 | -110.20% |
| 2018-03-31 | 24.28% |
| 2017-12-31 | 408.08% |
| 2017-09-30 | 37.58% |
| 2017-06-30 | -442.08% |
| 2017-03-31 | 8.27% |
| 2016-09-30 | 39.61% |
| 2016-06-30 | -76.93% |
| 2016-03-31 | 37.30% |
| 2015-06-30 | 39.36% |
| 2015-03-31 | 33.19% |
| 2014-12-31 | 39.65% |
| 2014-09-30 | 40.78% |
| 2014-06-30 | 39.86% |
| 2014-03-31 | 34.82% |
| 2013-12-31 | 7.22% |
| 2013-09-30 | 9.14% |
| 2013-06-30 | 30.32% |
| 2013-03-31 | 41.10% |
| 2012-12-31 | -35.62% |
| 2012-09-30 | 40.42% |
| 2012-06-30 | -49.20% |
| 2011-12-31 | 36.05% |
| 2011-09-30 | -23.18% |
| 2011-06-30 | 32.01% |
| 2011-03-31 | 39.30% |
| 2010-12-31 | 25.77% |
| 2010-09-30 | 27.05% |
| 2010-06-30 | 38.90% |
| 2010-03-31 | 40.30% |
| 2009-12-31 | 23.63% |
| 2009-09-30 | 37.86% |
| 2009-06-30 | 28.11% |
| 2009-03-31 | 40.42% |
| 2008-12-31 | 23.56% |
| 2008-09-30 | 26.35% |
| 2008-06-30 | 39.88% |
| 2008-03-31 | 38.47% |
| 2007-12-31 | 13.81% |
| 2007-09-30 | 33.36% |
| 2007-06-30 | 28.46% |
| 2007-03-31 | 40.94% |
| 2006-12-31 | -0.44% |
| 2006-09-30 | 33.79% |
| 2006-06-30 | 30.77% |
| 2006-03-31 | 36.82% |
| 2005-12-31 | 41.25% |
| 2005-09-30 | 38.65% |
| 2005-06-30 | 33.81% |
| 2005-03-31 | 33.71% |
| 2004-12-31 | -101.43% |
| 2004-09-30 | 37.76% |
| 2004-06-30 | 38.01% |
| 2004-03-31 | 33.23% |
| 2003-09-30 | 37.27% |
| 2003-06-30 | 37.30% |
| 2003-03-31 | 37.14% |
| 2002-12-31 | -236.16% |
| 2002-09-30 | 38.40% |
| 2002-06-30 | 37.50% |
