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 20.17% is 23% below its 5-year average of 26.27%, around the middle of its 5-year range (-13.41%–82.96%).
As of the fiscal period ended Wednesday, December 31, 2025. 19.49% below its 12-month average of 25.05%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2025 (2025-12-31): 20.17%.
TAX RATE
20.17%
TAX RATE AVG TTM
25.05%
TAX RATE AVG 3Y
32.99%
TAX RATE AVG 5Y
26.27%
TAX RATE AVG 10Y
27.33%
TAX RATE AVG 15Y
29.37%
TAX RATE AVG 20Y
29.76%
CURRENT VS TTM AVG
-19.49%
CURRENT VS 3Y AVG
-38.86%
CURRENT VS 5Y AVG
-23.21%
CURRENT VS 10Y AVG
-26.21%
CURRENT VS 15Y AVG
-31.34%
CURRENT VS 20Y AVG
-32.22%
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 |
|---|---|
| 2025-12-31 | 20.17% |
| 2025-09-30 | 25.85% |
| 2025-06-30 | 25.30% |
| 2024-12-31 | 28.89% |
| 2024-09-30 | 23.27% |
| 2024-06-30 | 34.75% |
| 2023-12-31 | 27.63% |
| 2023-09-30 | 28.06% |
| 2022-12-31 | 82.96% |
| 2022-09-30 | -13.41% |
| 2022-06-30 | 30.69% |
| 2021-09-30 | 21.55% |
| 2021-06-30 | 22.77% |
| 2020-12-31 | 46.48% |
| 2019-12-31 | 26.89% |
| 2019-09-30 | 13.68% |
| 2018-12-31 | 22.74% |
| 2018-09-30 | 12.82% |
| 2017-12-31 | 25.07% |
| 2017-09-30 | 30.66% |
| 2017-06-30 | 33.20% |
| 2016-12-31 | 32.52% |
| 2016-09-30 | 30.49% |
| 2016-06-30 | 32.57% |
| 2015-12-31 | 32.65% |
| 2015-09-30 | 35.46% |
| 2015-06-30 | 34.28% |
| 2014-12-31 | 35.42% |
| 2014-09-30 | 30.12% |
| 2014-06-30 | 31.65% |
| 2013-09-30 | 43.09% |
| 2013-06-30 | 40.52% |
| 2012-12-31 | 23.57% |
| 2012-09-30 | 27.22% |
| 2012-06-30 | 29.29% |
| 2011-12-31 | 31.45% |
| 2011-09-30 | 26.28% |
| 2011-06-30 | 25.27% |
| 2010-09-30 | -22.75% |
| 2010-06-30 | 248.51% |
| 2009-12-31 | 31.35% |
| 2009-09-30 | 26.69% |
| 2009-06-30 | 26.53% |
| 2009-03-31 | 25.66% |
| 2008-12-31 | 32.22% |
| 2008-09-30 | 29.09% |
| 2008-06-30 | 28.03% |
| 2008-03-31 | 25.40% |
| 2007-12-31 | 42.29% |
| 2007-09-30 | 29.84% |
| 2007-06-30 | 31.29% |
| 2006-12-31 | -12.48% |
| 2006-09-30 | 41.37% |
| 2006-06-30 | 30.48% |
| 2005-12-31 | 29.02% |
| 2005-09-30 | 29.73% |
| 2005-06-30 | 28.69% |
| 2004-12-31 | 25.02% |
| 2004-09-30 | 46.09% |
| 2004-06-30 | 34.02% |
| 2003-12-31 | 36.20% |
| 2003-09-30 | 36.20% |
| 2003-06-30 | 36.21% |
| 2003-03-31 | 36.19% |
| 2002-12-31 | 36.12% |
| 2002-09-30 | 35.40% |
