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 18.80% is 11% below its 5-year average of 21.02%, near the low end of its 5-year range (18.80%–24.59%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.21% below its 12-month average of 20.48%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.80%
TAX RATE AVG TTM
20.48%
TAX RATE AVG 3Y
21.08%
TAX RATE AVG 5Y
20.84%
TAX RATE AVG 10Y
20.74%
TAX RATE AVG 15Y
24.82%
TAX RATE AVG 20Y
26.21%
CURRENT VS TTM AVG
-8.21%
CURRENT VS 3Y AVG
-10.83%
CURRENT VS 5Y AVG
-9.80%
CURRENT VS 10Y AVG
-9.36%
CURRENT VS 15Y AVG
-24.25%
CURRENT VS 20Y AVG
-28.27%
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 | 18.80% |
| 2025-12-31 | 19.05% |
| 2025-09-30 | 21.30% |
| 2025-06-30 | 21.70% |
| 2025-03-31 | 21.57% |
| 2024-12-31 | 20.96% |
| 2024-09-30 | 22.25% |
| 2024-06-30 | 24.59% |
| 2024-03-31 | 19.80% |
| 2023-12-31 | 20.64% |
| 2023-09-30 | 21.78% |
| 2023-06-30 | 21.95% |
| 2023-03-31 | 19.72% |
| 2022-12-31 | 19.87% |
| 2022-09-30 | 21.13% |
| 2022-06-30 | 21.65% |
| 2022-03-31 | 19.24% |
| 2021-12-31 | 22.47% |
| 2021-09-30 | 21.70% |
| 2021-06-30 | 21.40% |
| 2021-03-31 | 19.92% |
| 2020-12-31 | 18.24% |
| 2020-09-30 | 21.15% |
| 2020-06-30 | 22.05% |
| 2020-03-31 | 13.83% |
| 2019-12-31 | 20.78% |
| 2019-09-30 | 21.96% |
| 2019-06-30 | 22.62% |
| 2019-03-31 | 19.11% |
| 2018-12-31 | 16.39% |
| 2018-09-30 | 16.18% |
| 2018-06-30 | 21.97% |
| 2018-03-31 | 16.70% |
| 2017-12-31 | 53.45% |
| 2017-09-30 | 31.88% |
| 2017-06-30 | 31.47% |
| 2017-03-31 | 27.11% |
| 2016-12-31 | 30.67% |
| 2016-09-30 | 26.82% |
| 2016-06-30 | 30.12% |
| 2016-03-31 | 25.94% |
| 2015-12-31 | 29.85% |
| 2015-09-30 | 32.03% |
| 2015-06-30 | 32.42% |
| 2015-03-31 | 33.21% |
| 2014-12-31 | 30.17% |
| 2014-09-30 | 34.23% |
| 2014-06-30 | 30.09% |
| 2014-03-31 | 33.24% |
| 2013-12-31 | 30.75% |
| 2013-09-30 | 33.38% |
| 2013-06-30 | 33.37% |
| 2013-03-31 | 31.46% |
| 2012-12-31 | 23.06% |
| 2012-09-30 | 32.79% |
| 2012-05-30 | 30.62% |
| 2012-03-31 | 33.64% |
| 2011-12-31 | 16.79% |
| 2011-09-30 | -18.70% |
| 2011-06-30 | 31.48% |
| 2011-03-31 | 35.40% |
| 2010-12-31 | 30.14% |
| 2010-09-30 | 30.56% |
| 2010-06-30 | 26.46% |
| 2010-03-31 | 30.51% |
| 2009-12-31 | 32.59% |
| 2009-09-30 | 32.51% |
| 2009-06-30 | 30.61% |
| 2009-03-31 | 30.21% |
| 2008-12-31 | 11.25% |
| 2008-09-30 | 35.85% |
| 2008-06-30 | 16.17% |
| 2008-03-31 | 34.59% |
| 2007-12-31 | 20.34% |
| 2007-09-30 | 11.50% |
| 2007-06-30 | 40.21% |
| 2007-03-31 | 41.56% |
| 2006-12-31 | 39.90% |
| 2006-09-30 | 33.15% |
| 2006-06-30 | 39.43% |
| 2006-03-31 | 38.67% |
| 2005-12-31 | 36.02% |
| 2005-09-30 | 31.54% |
| 2005-06-30 | 28.82% |
| 2005-03-31 | 37.56% |
| 2004-12-31 | 33.20% |
| 2004-09-30 | 38.15% |
| 2004-06-30 | 37.70% |
| 2004-03-31 | 38.28% |
| 2003-12-31 | 36.98% |
| 2003-09-30 | 38.55% |
| 2003-06-30 | 38.46% |
| 2003-03-31 | 38.69% |
| 2002-09-30 | 40.30% |
| 2002-06-30 | 39.76% |
