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 24.94% is in line with its 5-year average of 26.03%, near the low end of its 5-year range (22.57%–33.11%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.70% below its 12-month average of 25.63%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.94%
TAX RATE AVG TTM
25.63%
TAX RATE AVG 3Y
25.60%
TAX RATE AVG 5Y
25.68%
TAX RATE AVG 10Y
25.90%
TAX RATE AVG 15Y
31.25%
TAX RATE AVG 20Y
33.38%
CURRENT VS TTM AVG
-2.70%
CURRENT VS 3Y AVG
-2.57%
CURRENT VS 5Y AVG
-2.87%
CURRENT VS 10Y AVG
-3.70%
CURRENT VS 15Y AVG
-20.18%
CURRENT VS 20Y AVG
-25.28%
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 | 24.94% |
| 2025-12-31 | 23.31% |
| 2025-09-30 | 25.19% |
| 2025-06-30 | 28.70% |
| 2025-03-31 | 26.02% |
| 2024-12-31 | 24.62% |
| 2024-09-30 | 26.40% |
| 2024-06-30 | 25.76% |
| 2024-03-31 | 26.92% |
| 2023-12-31 | 26.45% |
| 2023-09-30 | 26.33% |
| 2023-06-30 | 26.44% |
| 2023-03-31 | 24.81% |
| 2022-12-31 | 33.11% |
| 2022-09-30 | 22.57% |
| 2022-06-30 | 24.88% |
| 2022-03-31 | 25.83% |
| 2021-12-31 | 27.46% |
| 2021-09-30 | 26.97% |
| 2021-06-30 | 23.71% |
| 2021-03-31 | 26.25% |
| 2020-12-31 | 29.72% |
| 2020-09-30 | 24.65% |
| 2020-06-30 | 26.61% |
| 2020-03-31 | 26.59% |
| 2019-12-31 | 25.74% |
| 2019-09-30 | 24.92% |
| 2019-06-30 | 23.61% |
| 2019-03-31 | 28.29% |
| 2018-12-31 | 19.20% |
| 2018-09-30 | 21.76% |
| 2018-06-30 | 25.78% |
| 2018-03-31 | 31.13% |
| 2017-12-31 | 18.39% |
| 2017-09-30 | 36.67% |
| 2017-06-30 | 37.43% |
| 2017-03-31 | 37.27% |
| 2016-12-31 | 37.20% |
| 2016-09-30 | 36.91% |
| 2016-06-30 | 36.50% |
| 2016-03-31 | 37.58% |
| 2015-12-31 | 37.58% |
| 2015-09-30 | 37.99% |
| 2015-06-30 | 37.44% |
| 2015-03-31 | 37.47% |
| 2014-12-31 | 37.28% |
| 2014-09-30 | 37.42% |
| 2014-06-30 | 38.19% |
| 2014-03-31 | 38.82% |
| 2013-12-31 | 39.05% |
| 2013-09-30 | 38.38% |
| 2013-06-30 | 38.62% |
| 2013-03-31 | 39.52% |
| 2012-12-31 | 37.40% |
| 2012-09-30 | 40.44% |
| 2012-06-30 | 39.52% |
| 2012-03-31 | 40.58% |
| 2011-12-31 | 39.99% |
| 2011-09-30 | 39.67% |
| 2011-06-30 | 38.78% |
| 2011-03-31 | 39.38% |
| 2010-12-31 | 36.39% |
| 2010-09-30 | 39.79% |
| 2010-06-30 | 39.77% |
| 2010-03-31 | 40.38% |
| 2009-12-31 | 38.12% |
| 2009-09-30 | 42.05% |
| 2009-06-30 | 41.11% |
| 2009-03-31 | 40.40% |
| 2008-12-31 | 38.31% |
| 2008-09-30 | 39.59% |
| 2008-06-30 | 39.14% |
| 2008-03-31 | 40.46% |
| 2007-12-31 | 38.24% |
| 2007-09-30 | 41.03% |
| 2007-06-30 | 39.72% |
| 2007-03-31 | 40.96% |
| 2006-12-31 | 39.22% |
| 2006-09-30 | 44.37% |
| 2006-06-30 | 37.91% |
| 2006-03-31 | 40.58% |
| 2005-12-31 | 14.88% |
| 2005-09-30 | 38.31% |
| 2005-06-30 | 38.78% |
| 2005-03-31 | 40.62% |
| 2004-12-31 | 35.01% |
| 2004-09-30 | 35.59% |
| 2004-06-30 | 35.55% |
| 2004-03-31 | 35.63% |
| 2003-12-31 | 37.15% |
| 2003-09-30 | 35.69% |
| 2003-06-30 | 35.61% |
| 2003-03-31 | 35.76% |
| 2002-12-31 | 36.14% |
| 2002-09-30 | 37.13% |
| 2002-06-30 | 37.08% |
