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 23.40% is in line with its 5-year average of 24.38%, around the middle of its 5-year range (15.28%–27.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.11% below its 12-month average of 24.40%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 23.40%.
TAX RATE
23.40%
TAX RATE AVG TTM
24.40%
TAX RATE AVG 3Y
24.42%
TAX RATE AVG 5Y
24.38%
TAX RATE AVG 10Y
24.16%
TAX RATE AVG 15Y
24.04%
TAX RATE AVG 20Y
24.85%
CURRENT VS TTM AVG
-4.11%
CURRENT VS 3Y AVG
-4.20%
CURRENT VS 5Y AVG
-4.03%
CURRENT VS 10Y AVG
-3.15%
CURRENT VS 15Y AVG
-2.69%
CURRENT VS 20Y AVG
-5.84%
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 | 23.40% |
| 2026-03-31 | 24.64% |
| 2025-12-31 | 24.33% |
| 2025-09-30 | 24.82% |
| 2025-06-30 | 24.81% |
| 2025-03-31 | 24.58% |
| 2024-12-31 | 24.06% |
| 2024-09-30 | 25.08% |
| 2024-06-30 | 24.64% |
| 2024-03-31 | 23.91% |
| 2023-12-31 | 15.28% |
| 2023-09-30 | 22.64% |
| 2023-06-30 | 24.38% |
| 2023-03-31 | 23.65% |
| 2022-12-31 | 20.95% |
| 2022-09-30 | 27.85% |
| 2022-06-30 | 23.93% |
| 2022-03-31 | 24.96% |
| 2021-12-31 | 24.82% |
| 2021-09-30 | 24.34% |
| 2021-06-30 | 25.86% |
| 2021-03-31 | 24.27% |
| 2020-12-31 | 22.44% |
| 2020-09-30 | 21.96% |
| 2020-06-30 | 21.67% |
| 2020-03-31 | 22.92% |
| 2019-12-31 | 20.23% |
| 2019-09-30 | 17.27% |
| 2019-06-30 | 23.29% |
| 2019-03-31 | 21.77% |
| 2018-12-31 | 18.40% |
| 2018-09-30 | 21.10% |
| 2018-06-30 | 21.78% |
| 2018-03-31 | 20.55% |
| 2017-12-31 | 130.74% |
| 2017-09-30 | 28.73% |
| 2017-06-30 | 29.18% |
| 2017-03-31 | 28.60% |
| 2016-12-31 | 27.76% |
| 2016-09-30 | 29.30% |
| 2016-06-30 | 26.46% |
| 2016-03-31 | 26.57% |
| 2015-12-31 | 36.79% |
| 2015-09-30 | 23.37% |
| 2015-06-30 | 20.23% |
| 2015-03-31 | 25.12% |
| 2014-12-31 | 15.14% |
| 2014-09-30 | 14.27% |
| 2014-06-30 | 21.42% |
| 2014-03-31 | 23.36% |
| 2013-12-31 | 30.37% |
| 2013-09-30 | 26.97% |
| 2013-06-30 | 24.79% |
| 2013-03-31 | 22.81% |
| 2012-12-31 | 21.87% |
| 2012-09-30 | -1.55% |
| 2012-06-30 | 7.46% |
| 2011-12-31 | -44.80% |
| 2011-09-30 | 10.33% |
| 2011-06-30 | -94.67% |
| 2011-03-31 | 9.46% |
| 2009-06-30 | 23.76% |
| 2009-03-31 | 29.64% |
| 2008-09-30 | 33.06% |
| 2008-06-30 | 33.40% |
| 2008-03-31 | 32.26% |
| 2007-12-31 | 32.93% |
| 2007-09-30 | 27.27% |
| 2007-06-30 | 31.94% |
| 2007-03-31 | 31.75% |
| 2006-12-31 | 29.76% |
| 2006-09-30 | 29.83% |
| 2006-06-30 | 32.73% |
| 2006-03-31 | 33.40% |
| 2005-12-31 | 33.33% |
| 2005-09-30 | 35.71% |
| 2005-06-30 | 36.33% |
| 2005-03-31 | 35.70% |
| 2004-12-31 | 21.73% |
| 2004-09-30 | 34.35% |
| 2004-06-30 | 34.07% |
| 2004-03-31 | 33.98% |
| 2003-12-31 | 33.71% |
| 2003-09-30 | 28.57% |
| 2003-06-30 | 28.52% |
| 2003-03-31 | 27.86% |
| 2002-12-31 | 27.52% |
| 2002-09-30 | 28.65% |
