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 23.76% is in line with its 5-year average of 23.94%, around the middle of its 5-year range (22.55%–25.17%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.77% below its 12-month average of 23.94%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.76%
TAX RATE AVG TTM
23.94%
TAX RATE AVG 3Y
23.91%
TAX RATE AVG 5Y
24.01%
TAX RATE AVG 10Y
24.04%
TAX RATE AVG 15Y
29.64%
TAX RATE AVG 20Y
31.75%
CURRENT VS TTM AVG
-0.77%
CURRENT VS 3Y AVG
-0.61%
CURRENT VS 5Y AVG
-1.02%
CURRENT VS 10Y AVG
-1.17%
CURRENT VS 15Y AVG
-19.84%
CURRENT VS 20Y AVG
-25.16%
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 | 23.76% |
| 2026-03-31 | 24.22% |
| 2025-12-31 | 23.53% |
| 2025-09-30 | 23.85% |
| 2025-06-30 | 24.35% |
| 2025-03-31 | 24.01% |
| 2024-12-31 | 23.87% |
| 2024-09-30 | 23.09% |
| 2024-06-30 | 24.25% |
| 2024-03-31 | 23.63% |
| 2023-12-31 | 24.79% |
| 2023-09-30 | 23.33% |
| 2023-06-30 | 24.10% |
| 2023-03-31 | 24.28% |
| 2022-12-31 | 25.17% |
| 2022-09-30 | 24.17% |
| 2022-06-30 | 24.59% |
| 2022-03-31 | 24.21% |
| 2021-12-31 | 22.55% |
| 2021-09-30 | 22.97% |
| 2021-06-30 | 23.95% |
| 2021-03-31 | 24.22% |
| 2020-12-31 | 25.21% |
| 2020-09-30 | 22.98% |
| 2020-06-30 | 23.84% |
| 2020-03-31 | 24.74% |
| 2019-12-31 | 24.41% |
| 2019-09-30 | 23.31% |
| 2019-06-30 | 24.61% |
| 2019-03-31 | 24.62% |
| 2018-12-31 | 26.54% |
| 2018-09-30 | 23.82% |
| 2018-06-30 | 20.57% |
| 2018-03-31 | 24.84% |
| 2017-12-31 | 24.10% |
| 2017-09-30 | 36.68% |
| 2017-06-30 | 36.75% |
| 2017-03-31 | 36.37% |
| 2016-12-31 | 36.51% |
| 2016-09-30 | 36.93% |
| 2016-06-30 | 36.72% |
| 2016-03-31 | 36.87% |
| 2015-12-31 | 37.20% |
| 2015-09-30 | 37.73% |
| 2015-06-30 | 37.65% |
| 2015-03-31 | 37.30% |
| 2014-12-31 | 37.30% |
| 2014-09-30 | 37.41% |
| 2014-06-30 | 36.88% |
| 2014-03-31 | 37.41% |
| 2013-12-31 | 36.91% |
| 2013-09-30 | 36.73% |
| 2013-06-30 | 37.10% |
| 2013-03-31 | 37.75% |
| 2012-12-31 | 37.58% |
| 2012-09-30 | 37.83% |
| 2012-06-30 | 37.27% |
| 2012-03-31 | 37.82% |
| 2011-12-31 | 37.86% |
| 2011-09-30 | 37.68% |
| 2011-06-30 | 37.33% |
| 2011-03-31 | 38.25% |
| 2010-12-31 | 39.18% |
| 2010-09-30 | 37.87% |
| 2010-06-30 | 38.31% |
| 2010-03-31 | 38.20% |
| 2009-12-31 | 37.64% |
| 2009-09-30 | 38.20% |
| 2009-06-30 | 38.16% |
| 2009-03-31 | 38.10% |
| 2008-12-31 | 37.21% |
| 2008-09-30 | 38.10% |
| 2008-06-30 | 38.38% |
| 2008-03-21 | 38.20% |
| 2007-12-31 | 38.89% |
| 2007-09-30 | 37.43% |
| 2007-06-30 | 38.43% |
| 2007-03-31 | 39.13% |
| 2006-12-31 | 37.65% |
| 2006-09-30 | 38.10% |
| 2006-06-30 | 38.10% |
| 2006-03-31 | 38.12% |
| 2005-12-31 | 38.00% |
| 2005-09-30 | 38.00% |
| 2005-06-30 | 38.00% |
| 2005-03-31 | 38.00% |
| 2004-12-31 | 34.41% |
| 2004-09-30 | 38.02% |
| 2004-06-30 | 38.00% |
| 2004-03-31 | 37.97% |
| 2003-12-31 | 38.30% |
| 2003-09-30 | 38.30% |
| 2003-06-30 | 38.30% |
| 2003-03-31 | 38.30% |
| 2002-12-31 | 38.24% |
| 2002-09-30 | 38.30% |
