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 22.32% is 116% above its 4-year average of 10.36%, near the high end of its 4-year range (-63.47%–24.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.86% above its 12-month average of 21.08%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.32%
TAX RATE AVG TTM
21.08%
TAX RATE AVG 3Y
19.46%
TAX RATE AVG 5Y
16.04%
TAX RATE AVG 10Y
10.40%
TAX RATE AVG 15Y
20.66%
TAX RATE AVG 20Y
26.01%
CURRENT VS TTM AVG
+5.86%
CURRENT VS 3Y AVG
+14.70%
CURRENT VS 5Y AVG
+39.19%
CURRENT VS 10Y AVG
+114.65%
CURRENT VS 15Y AVG
+8.05%
CURRENT VS 20Y AVG
-14.20%
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 | 22.32% |
| 2026-03-31 | 22.16% |
| 2025-12-31 | 19.51% |
| 2025-09-30 | 20.26% |
| 2025-06-30 | 21.17% |
| 2024-03-31 | 21.21% |
| 2023-12-31 | 22.59% |
| 2023-09-30 | 1.41% |
| 2023-06-30 | 24.52% |
| 2023-03-31 | 22.53% |
| 2022-12-31 | -63.47% |
| 2022-09-30 | 7.73% |
| 2022-06-30 | 5.86% |
| 2021-12-31 | -2.80% |
| 2021-03-31 | -1.01% |
| 2019-06-30 | 0.00% |
| 2018-12-31 | -0.39% |
| 2018-03-31 | 0.00% |
| 2017-12-31 | 0.00% |
| 2017-06-30 | 0.20% |
| 2017-03-31 | 0.70% |
| 2014-12-31 | 29.87% |
| 2014-09-30 | 38.71% |
| 2014-06-30 | 38.01% |
| 2014-03-31 | 37.53% |
| 2013-09-30 | 37.98% |
| 2013-06-30 | 38.06% |
| 2013-03-31 | 38.18% |
| 2012-12-31 | 38.90% |
| 2012-06-30 | 39.00% |
| 2011-12-31 | 38.92% |
| 2011-09-30 | 38.98% |
| 2011-06-30 | 38.92% |
| 2010-12-31 | 38.46% |
| 2010-09-30 | 38.48% |
| 2010-06-30 | 38.41% |
| 2010-03-31 | 38.50% |
| 2009-09-30 | 37.46% |
| 2009-06-30 | 37.37% |
| 2008-09-30 | 38.49% |
| 2007-12-31 | 38.04% |
| 2007-09-30 | 38.00% |
| 2007-06-30 | 38.04% |
| 2007-03-31 | 37.98% |
| 2006-12-31 | 38.00% |
| 2006-09-30 | 37.90% |
| 2006-06-30 | 40.50% |
| 2006-03-31 | 37.97% |
| 2005-12-31 | 36.50% |
| 2005-09-30 | 36.50% |
| 2005-06-30 | 36.50% |
| 2005-03-31 | 36.50% |
| 2004-12-31 | 36.00% |
| 2004-09-30 | 36.00% |
| 2004-06-30 | 36.00% |
| 2004-03-31 | 36.00% |
| 2003-12-31 | 38.00% |
| 2003-09-30 | 38.00% |
| 2003-06-30 | 38.00% |
| 2003-03-31 | 38.00% |
| 2002-12-31 | 39.99% |
| 2002-09-30 | 40.01% |
