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 35.13% is 18% above its 5-year average of 29.77%, near the high end of its 5-year range (27.09%–35.13%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.97% above its 12-month average of 33.79%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
35.13%
TAX RATE AVG TTM
33.79%
TAX RATE AVG 3Y
30.37%
TAX RATE AVG 5Y
29.77%
TAX RATE AVG 10Y
31.35%
TAX RATE AVG 15Y
31.92%
TAX RATE AVG 20Y
32.92%
CURRENT VS TTM AVG
+3.97%
CURRENT VS 3Y AVG
+15.69%
CURRENT VS 5Y AVG
+18.03%
CURRENT VS 10Y AVG
+12.06%
CURRENT VS 15Y AVG
+10.08%
CURRENT VS 20Y AVG
+6.71%
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 |
|---|---|
| 2026-06-30 | 35.13% |
| 2025-12-31 | 31.11% |
| 2025-06-30 | 35.13% |
| 2024-12-31 | 28.95% |
| 2024-06-30 | 28.05% |
| 2023-12-31 | 27.11% |
| 2023-06-30 | 27.09% |
| 2022-12-31 | 27.49% |
| 2022-06-30 | 28.24% |
| 2021-12-31 | 28.64% |
| 2021-06-30 | 30.50% |
| 2020-12-31 | 30.25% |
| 2020-06-30 | 32.51% |
| 2019-12-31 | 32.08% |
| 2019-06-30 | 34.00% |
| 2018-12-31 | 32.43% |
| 2018-06-30 | 32.12% |
| 2017-12-31 | 35.90% |
| 2017-06-30 | 34.71% |
| 2016-12-31 | 34.06% |
| 2016-06-30 | 32.86% |
| 2015-12-31 | 36.87% |
| 2015-06-30 | 33.85% |
| 2014-12-31 | 32.94% |
| 2014-06-30 | 32.90% |
| 2013-12-31 | 33.38% |
| 2013-06-30 | 33.07% |
| 2012-12-31 | 31.74% |
| 2012-06-30 | 31.74% |
| 2011-12-31 | 32.28% |
| 2011-06-30 | 32.28% |
| 2010-12-31 | 33.69% |
| 2010-06-30 | 33.69% |
| 2009-12-31 | 32.92% |
| 2009-06-30 | 32.92% |
| 2009-01-31 | 32.92% |
| 2008-06-30 | 34.30% |
| 2008-01-31 | 34.30% |
| 2007-06-30 | 32.98% |
| 2007-01-31 | 32.98% |
| 2006-06-30 | 32.83% |
| 2006-01-31 | 32.83% |
| 2005-06-30 | 35.05% |
| 2005-01-31 | 35.05% |
| 2004-06-30 | 37.17% |
| 2004-01-31 | 37.17% |
| 2003-06-30 | 34.97% |
| 2003-01-31 | 34.97% |
| 2002-06-30 | 32.83% |
| 2002-01-31 | 32.83% |
| 2001-06-30 | 34.03% |
| 2001-01-31 | 34.03% |
