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 25.72% is 27% above its 5-year average of 20.24%, near the high end of its 5-year range (-1.60%–27.79%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.21% above its 12-month average of 22.72%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.72%
TAX RATE AVG TTM
22.72%
TAX RATE AVG 3Y
23.29%
TAX RATE AVG 5Y
22.07%
TAX RATE AVG 10Y
21.19%
TAX RATE AVG 15Y
23.71%
TAX RATE AVG 20Y
25.07%
CURRENT VS TTM AVG
+13.21%
CURRENT VS 3Y AVG
+10.46%
CURRENT VS 5Y AVG
+16.52%
CURRENT VS 10Y AVG
+21.38%
CURRENT VS 15Y AVG
+8.48%
CURRENT VS 20Y AVG
+2.58%
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 | 25.72% |
| 2025-12-31 | 17.48% |
| 2025-09-30 | 23.43% |
| 2025-06-30 | 23.29% |
| 2025-03-31 | 23.66% |
| 2024-12-31 | -1.60% |
| 2024-09-30 | 20.83% |
| 2024-06-30 | 24.54% |
| 2024-03-31 | 24.86% |
| 2023-12-31 | 7.29% |
| 2023-09-30 | 27.79% |
| 2023-06-30 | 18.40% |
| 2023-03-31 | 26.13% |
| 2022-12-31 | 17.18% |
| 2022-09-30 | 19.81% |
| 2022-06-30 | 22.66% |
| 2022-03-31 | 21.21% |
| 2021-12-31 | 18.95% |
| 2021-09-30 | 18.72% |
| 2021-06-30 | 19.53% |
| 2021-03-31 | 25.21% |
| 2020-12-31 | 1.67% |
| 2020-09-30 | 22.64% |
| 2020-06-30 | 15.92% |
| 2020-03-31 | 6.69% |
| 2019-12-31 | -31.09% |
| 2019-09-30 | 10.35% |
| 2019-06-30 | 17.81% |
| 2019-03-31 | 16.49% |
| 2018-12-31 | -7.67% |
| 2018-09-30 | 29.41% |
| 2018-06-30 | 22.47% |
| 2018-03-31 | 20.90% |
| 2017-12-31 | 19.61% |
| 2017-09-30 | 26.12% |
| 2017-06-30 | 28.60% |
| 2017-03-31 | 24.30% |
| 2016-12-31 | -32.27% |
| 2016-09-30 | 16.31% |
| 2016-06-30 | 30.43% |
| 2016-03-31 | 28.09% |
| 2015-12-31 | 19.07% |
| 2015-09-30 | 3.19% |
| 2015-06-30 | 34.66% |
| 2015-03-31 | 27.52% |
| 2014-12-31 | 21.38% |
| 2014-09-30 | 17.49% |
| 2014-06-30 | 32.19% |
| 2014-03-31 | 33.68% |
| 2013-12-31 | 37.55% |
| 2013-09-30 | 33.48% |
| 2013-06-30 | 31.44% |
| 2013-03-31 | 27.15% |
| 2012-12-31 | 33.16% |
| 2012-09-30 | 34.99% |
| 2012-06-30 | 31.42% |
| 2012-03-31 | 32.58% |
| 2011-12-31 | 31.24% |
| 2011-09-30 | 25.53% |
| 2011-06-30 | 27.39% |
| 2011-03-31 | 29.81% |
| 2010-12-31 | 25.27% |
| 2010-09-30 | 20.95% |
| 2010-06-30 | 32.84% |
| 2010-03-31 | 32.23% |
| 2009-12-31 | 32.96% |
| 2009-09-30 | 38.79% |
| 2009-06-30 | 36.54% |
| 2009-03-31 | 27.19% |
| 2008-12-31 | 25.10% |
| 2008-09-30 | 6.73% |
| 2008-06-30 | 33.11% |
| 2008-03-31 | 34.75% |
| 2007-12-31 | 35.07% |
| 2007-09-30 | 9.13% |
| 2007-06-30 | 34.79% |
| 2007-03-31 | 41.78% |
| 2006-12-31 | 31.13% |
| 2006-09-30 | 33.27% |
| 2006-06-30 | 33.40% |
| 2006-03-31 | 36.10% |
| 2005-12-31 | 36.60% |
| 2005-09-30 | 34.03% |
| 2005-06-30 | 25.29% |
| 2005-03-31 | 25.60% |
| 2004-12-31 | 37.75% |
| 2004-09-30 | 45.14% |
| 2004-06-30 | 37.99% |
| 2004-03-31 | 38.24% |
| 2003-12-31 | 37.75% |
| 2003-09-30 | 37.15% |
| 2003-06-30 | 38.00% |
| 2003-03-31 | 37.61% |
| 2002-12-31 | 38.50% |
| 2002-06-30 | 37.76% |
