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 22.68% is in line with its 5-year average of 21.12%, near the high end of its 5-year range (18.46%–22.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.45% above its 12-month average of 21.51%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.68%
TAX RATE AVG TTM
21.51%
TAX RATE AVG 3Y
21.09%
TAX RATE AVG 5Y
21.12%
TAX RATE AVG 10Y
21.54%
TAX RATE AVG 15Y
24.09%
TAX RATE AVG 20Y
24.58%
CURRENT VS TTM AVG
+5.45%
CURRENT VS 3Y AVG
+7.57%
CURRENT VS 5Y AVG
+7.38%
CURRENT VS 10Y AVG
+5.33%
CURRENT VS 15Y AVG
-5.86%
CURRENT VS 20Y AVG
-7.72%
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 | 22.68% |
| 2026-03-31 | 20.29% |
| 2025-12-31 | 19.85% |
| 2025-09-30 | 22.46% |
| 2025-06-30 | 22.28% |
| 2025-03-31 | 21.13% |
| 2024-12-31 | 18.95% |
| 2024-09-30 | 21.29% |
| 2024-06-30 | 21.34% |
| 2024-03-31 | 20.97% |
| 2023-12-31 | 18.46% |
| 2023-09-30 | 21.99% |
| 2023-06-30 | 22.45% |
| 2023-03-31 | 22.28% |
| 2022-12-31 | 19.37% |
| 2022-09-30 | 22.72% |
| 2022-06-30 | 22.38% |
| 2022-03-31 | 19.28% |
| 2021-12-31 | 19.93% |
| 2021-09-30 | 21.34% |
| 2021-06-30 | 22.17% |
| 2021-03-31 | 21.40% |
| 2020-12-31 | 19.03% |
| 2020-09-30 | 22.12% |
| 2020-06-30 | 20.08% |
| 2020-03-31 | 23.33% |
| 2019-12-31 | 22.00% |
| 2019-09-30 | 20.32% |
| 2019-06-30 | 21.49% |
| 2019-03-31 | 22.19% |
| 2018-12-31 | 34.72% |
| 2018-09-30 | 20.73% |
| 2018-06-30 | 19.52% |
| 2018-03-31 | 20.52% |
| 2017-12-31 | -29.85% |
| 2017-09-30 | 31.90% |
| 2017-06-30 | 25.71% |
| 2017-03-31 | 22.98% |
| 2016-12-31 | 23.58% |
| 2016-09-30 | 25.65% |
| 2016-06-30 | 24.12% |
| 2016-03-31 | 25.06% |
| 2015-12-31 | 30.80% |
| 2015-09-30 | 26.02% |
| 2015-06-30 | 25.90% |
| 2015-03-31 | 25.57% |
| 2014-12-31 | 25.82% |
| 2014-09-30 | 26.72% |
| 2014-06-30 | 27.56% |
| 2014-03-31 | 27.17% |
| 2013-12-31 | 28.34% |
| 2013-09-30 | 30.30% |
| 2013-06-30 | 29.73% |
| 2013-03-31 | 30.29% |
| 2012-12-31 | 26.85% |
| 2012-09-30 | 27.63% |
| 2012-06-30 | 31.86% |
| 2012-03-31 | 28.69% |
| 2011-12-31 | 24.88% |
| 2011-09-30 | 28.11% |
| 2011-06-30 | 33.40% |
| 2011-03-31 | 29.71% |
| 2010-12-31 | 20.14% |
| 2010-09-30 | 21.45% |
| 2010-06-30 | 20.66% |
| 2009-06-30 | 34.76% |
| 2008-03-31 | 32.71% |
| 2007-12-31 | 73.44% |
| 2007-09-30 | 26.64% |
| 2007-06-30 | 27.97% |
| 2007-03-31 | 29.19% |
| 2006-12-31 | -25.00% |
| 2006-09-30 | 27.64% |
| 2006-06-30 | 28.60% |
| 2006-03-31 | 30.83% |
| 2005-12-31 | 28.97% |
| 2005-09-30 | 29.21% |
| 2005-06-30 | 30.15% |
| 2005-03-31 | 30.89% |
| 2004-12-31 | 21.08% |
| 2004-09-30 | 32.13% |
| 2004-06-30 | 34.12% |
| 2004-03-31 | 32.85% |
| 2003-12-31 | 30.59% |
| 2003-09-30 | 32.27% |
| 2003-06-30 | 32.83% |
| 2003-03-31 | 33.21% |
| 2002-12-31 | 32.84% |
| 2002-09-30 | 30.68% |
