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 24.44% is 11% above its 5-year average of 21.99%, around the middle of its 5-year range (12.38%–35.66%).
As of the fiscal period ended Tuesday, March 31, 2026. 20.77% above its 12-month average of 20.24%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.44%
TAX RATE AVG TTM
20.24%
TAX RATE AVG 3Y
22.92%
TAX RATE AVG 5Y
21.27%
TAX RATE AVG 10Y
23.09%
TAX RATE AVG 15Y
26.32%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+20.77%
CURRENT VS 3Y AVG
+6.63%
CURRENT VS 5Y AVG
+14.90%
CURRENT VS 10Y AVG
+5.83%
CURRENT VS 15Y AVG
-7.15%
CURRENT VS 20Y AVG
N/A
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 | 24.44% |
| 2025-09-30 | 15.01% |
| 2025-06-30 | 17.16% |
| 2025-03-31 | 24.33% |
| 2024-12-31 | 18.85% |
| 2024-09-30 | 22.72% |
| 2024-06-30 | 24.96% |
| 2024-03-31 | 31.25% |
| 2023-12-31 | 23.66% |
| 2023-09-30 | 24.27% |
| 2023-06-30 | 25.90% |
| 2023-03-31 | 35.66% |
| 2022-12-31 | 15.51% |
| 2022-09-30 | 16.09% |
| 2022-06-30 | 22.52% |
| 2022-03-31 | 19.66% |
| 2021-12-31 | 12.38% |
| 2021-09-30 | 19.72% |
| 2021-06-30 | 26.60% |
| 2021-03-31 | 19.09% |
| 2020-12-31 | 23.79% |
| 2020-09-30 | 21.76% |
| 2020-06-30 | 22.51% |
| 2020-03-31 | 17.87% |
| 2019-12-31 | 16.10% |
| 2019-09-30 | 21.13% |
| 2019-06-30 | 23.38% |
| 2019-03-31 | 24.67% |
| 2018-12-31 | 20.67% |
| 2018-09-30 | 20.78% |
| 2018-06-30 | 25.32% |
| 2018-03-31 | 25.26% |
| 2017-12-31 | 0.73% |
| 2017-09-30 | 33.94% |
| 2017-06-30 | 35.41% |
| 2017-03-31 | 39.10% |
| 2016-12-31 | 36.96% |
| 2016-09-30 | 37.36% |
| 2016-06-30 | 36.27% |
| 2016-03-31 | 35.90% |
| 2015-12-31 | 40.97% |
| 2015-09-30 | 36.09% |
| 2015-06-30 | 36.76% |
| 2015-03-31 | 35.89% |
| 2014-12-31 | 26.12% |
| 2014-09-30 | 33.47% |
| 2014-06-30 | 34.45% |
| 2014-03-31 | 36.00% |
| 2013-12-31 | 38.16% |
| 2013-09-30 | 36.40% |
| 2013-06-30 | 39.61% |
| 2013-03-31 | 36.20% |
| 2012-12-31 | 43.06% |
| 2012-09-30 | 38.99% |
| 2012-06-30 | 40.54% |
| 2012-03-31 | 38.78% |
| 2011-12-31 | -816.46% |
| 2011-09-30 | 0.34% |
| 2011-06-30 | 0.57% |
| 2011-03-31 | 1.88% |
| 2010-12-31 | 0.37% |
| 2010-09-30 | 0.34% |
| 2010-06-30 | 0.60% |
| 2010-03-31 | 3.22% |
| 2009-12-31 | 0.13% |
| 2009-09-30 | 0.78% |
| 2009-06-30 | 0.96% |
| 2009-03-31 | 1.78% |
