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 23.71% is 26% above its 5-year average of 18.83%, near the high end of its 5-year range (-83.82%–29.56%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.13% below its 12-month average of 24.23%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.71%
TAX RATE AVG TTM
24.23%
TAX RATE AVG 3Y
24.00%
TAX RATE AVG 5Y
24.03%
TAX RATE AVG 10Y
22.56%
TAX RATE AVG 15Y
23.09%
TAX RATE AVG 20Y
21.98%
CURRENT VS TTM AVG
-2.13%
CURRENT VS 3Y AVG
-1.19%
CURRENT VS 5Y AVG
-1.31%
CURRENT VS 10Y AVG
+5.10%
CURRENT VS 15Y AVG
+2.71%
CURRENT VS 20Y AVG
+7.91%
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 | 23.71% |
| 2025-12-31 | 24.22% |
| 2025-09-30 | 22.98% |
| 2025-06-30 | 24.91% |
| 2025-03-31 | 25.32% |
| 2024-12-31 | 22.26% |
| 2024-09-30 | 24.31% |
| 2024-06-30 | 24.89% |
| 2024-03-31 | 25.21% |
| 2023-12-31 | -83.82% |
| 2023-09-30 | 24.09% |
| 2023-06-30 | 22.69% |
| 2023-03-31 | 23.38% |
| 2022-12-31 | 27.13% |
| 2022-09-30 | 20.84% |
| 2022-06-30 | 24.85% |
| 2022-03-31 | 23.47% |
| 2021-12-31 | 29.56% |
| 2021-09-30 | 17.26% |
| 2021-06-30 | 24.15% |
| 2021-03-31 | 24.08% |
| 2020-12-31 | 25.26% |
| 2020-09-30 | 22.64% |
| 2020-06-30 | 21.46% |
| 2020-03-31 | 22.49% |
| 2019-12-31 | 28.12% |
| 2019-09-30 | 20.46% |
| 2019-06-30 | 22.36% |
| 2019-03-31 | 23.30% |
| 2018-12-31 | 25.78% |
| 2018-09-30 | 24.68% |
| 2018-06-30 | 20.92% |
| 2018-03-31 | 15.89% |
| 2017-12-31 | 18.93% |
| 2017-09-30 | 18.48% |
| 2017-06-30 | 18.29% |
| 2017-03-31 | 18.93% |
| 2016-12-31 | 18.34% |
| 2016-09-30 | 20.18% |
| 2016-06-30 | 19.31% |
| 2016-03-31 | 17.36% |
| 2015-12-31 | 21.33% |
| 2015-09-30 | 21.10% |
| 2015-06-30 | 19.52% |
| 2015-03-31 | 19.85% |
| 2014-12-31 | 20.99% |
| 2014-09-30 | 24.48% |
| 2014-06-30 | 22.07% |
| 2014-03-31 | 24.26% |
| 2013-12-31 | 20.28% |
| 2013-09-30 | 23.48% |
| 2013-06-30 | 22.71% |
| 2013-03-31 | 26.33% |
| 2012-12-31 | 31.43% |
| 2012-09-30 | 36.41% |
| 2012-06-30 | 25.62% |
| 2012-03-31 | 28.91% |
| 2011-12-31 | 27.90% |
| 2011-09-30 | 27.56% |
| 2011-06-30 | 26.06% |
| 2011-03-31 | 25.71% |
| 2010-12-31 | 23.60% |
| 2010-09-30 | 15.27% |
| 2010-06-30 | 14.30% |
| 2010-03-31 | 19.27% |
| 2009-12-31 | 16.06% |
| 2009-09-30 | 18.51% |
| 2009-06-30 | 15.11% |
| 2009-03-31 | 13.26% |
| 2008-12-31 | -9.38% |
| 2008-09-30 | 13.83% |
| 2008-06-30 | 10.74% |
| 2008-03-31 | 12.22% |
| 2007-12-31 | -0.92% |
| 2007-09-30 | 26.01% |
| 2007-06-30 | -46.97% |
| 2007-03-31 | 59.61% |
