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 27.76% is 16% below its 5-year average of 33.24%, near the low end of its 5-year range (25.55%–56.59%).
As of the fiscal period ended Tuesday, March 31, 2026. 21.02% below its 12-month average of 35.15%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
27.76%
TAX RATE AVG TTM
35.15%
TAX RATE AVG 3Y
31.72%
TAX RATE AVG 5Y
31.86%
TAX RATE AVG 10Y
32.82%
TAX RATE AVG 15Y
36.58%
TAX RATE AVG 20Y
35.38%
CURRENT VS TTM AVG
-21.02%
CURRENT VS 3Y AVG
-12.48%
CURRENT VS 5Y AVG
-12.87%
CURRENT VS 10Y AVG
-15.42%
CURRENT VS 15Y AVG
-24.12%
CURRENT VS 20Y AVG
-21.52%
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 | 27.76% |
| 2025-12-31 | 28.43% |
| 2025-09-30 | 56.59% |
| 2025-03-31 | 27.82% |
| 2024-12-31 | 27.27% |
| 2024-09-30 | 28.11% |
| 2024-06-30 | 32.66% |
| 2024-03-31 | 27.58% |
| 2023-12-31 | 29.87% |
| 2023-09-30 | 25.55% |
| 2023-06-30 | 37.28% |
| 2022-12-31 | 28.40% |
| 2022-06-30 | 30.60% |
| 2022-03-31 | 29.52% |
| 2021-12-31 | 30.46% |
| 2021-09-30 | 47.47% |
| 2021-06-30 | 44.91% |
| 2021-03-31 | 37.95% |
| 2020-12-31 | 31.53% |
| 2020-09-30 | 29.25% |
| 2020-06-30 | 36.69% |
| 2020-03-31 | 69.44% |
| 2019-12-31 | 37.40% |
| 2019-09-30 | 42.26% |
| 2019-06-30 | 30.70% |
| 2019-03-31 | 32.98% |
| 2018-12-31 | 37.32% |
| 2018-09-30 | 95.65% |
| 2018-06-30 | 17.33% |
| 2018-03-31 | 38.80% |
| 2017-09-30 | -22.13% |
| 2017-06-30 | 17.43% |
| 2017-03-31 | 50.73% |
| 2016-12-31 | 5.49% |
| 2016-09-30 | 57.61% |
| 2016-06-30 | 35.40% |
| 2016-03-31 | 38.05% |
| 2015-12-31 | 35.61% |
| 2015-09-30 | 35.48% |
| 2015-06-30 | 34.75% |
| 2015-03-31 | 37.50% |
| 2014-12-31 | 37.77% |
| 2014-09-30 | -7.42% |
| 2014-06-30 | -12.18% |
| 2013-12-31 | 32.39% |
| 2013-09-30 | 51.68% |
| 2013-06-30 | 54.00% |
| 2012-12-31 | 68.11% |
| 2012-06-30 | 39.65% |
| 2012-03-31 | 57.41% |
| 2011-12-31 | 49.18% |
| 2011-09-30 | 49.22% |
| 2011-06-30 | -81.25% |
| 2010-09-30 | 271.79% |
| 2010-06-30 | 28.26% |
| 2010-03-31 | -136.79% |
| 2009-12-31 | 16.57% |
| 2009-09-30 | 23.24% |
| 2009-06-30 | 12.52% |
| 2008-12-31 | 34.37% |
| 2008-06-30 | -0.78% |
| 2007-09-30 | 2.33% |
| 2007-06-30 | 40.59% |
| 2007-03-31 | 63.41% |
| 2006-12-31 | 41.04% |
| 2006-09-30 | 37.48% |
| 2006-06-30 | 28.13% |
| 2006-03-31 | 37.15% |
| 2005-12-31 | 37.22% |
| 2005-09-30 | 36.02% |
| 2005-06-30 | 28.37% |
| 2005-03-31 | 13.64% |
| 2004-12-31 | 37.00% |
| 2004-09-30 | 37.00% |
| 2004-06-30 | 37.00% |
| 2004-03-31 | 37.00% |
| 2003-12-31 | 37.00% |
| 2003-09-30 | 31.30% |
| 2003-06-30 | 33.10% |
| 2003-03-31 | 37.99% |
| 2002-12-31 | 38.00% |
| 2002-09-30 | 72.20% |
| 2002-06-30 | 22.91% |
