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 22.59% is in line with its 5-year average of 21.04%, around the middle of its 5-year range (15.87%–25.97%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.16% above its 12-month average of 20.89%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.59%
TAX RATE AVG TTM
20.89%
TAX RATE AVG 3Y
21.60%
TAX RATE AVG 5Y
21.06%
TAX RATE AVG 10Y
21.50%
TAX RATE AVG 15Y
25.83%
TAX RATE AVG 20Y
26.70%
CURRENT VS TTM AVG
+8.16%
CURRENT VS 3Y AVG
+4.56%
CURRENT VS 5Y AVG
+7.28%
CURRENT VS 10Y AVG
+5.05%
CURRENT VS 15Y AVG
-12.53%
CURRENT VS 20Y AVG
-15.41%
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 | 22.59% |
| 2025-12-31 | 20.00% |
| 2025-09-30 | 17.49% |
| 2025-06-30 | 22.11% |
| 2025-03-31 | 22.24% |
| 2024-12-31 | 18.84% |
| 2024-09-30 | 21.01% |
| 2024-06-30 | 23.20% |
| 2024-03-31 | 25.97% |
| 2023-12-31 | 17.71% |
| 2023-09-30 | 23.77% |
| 2023-06-30 | 23.96% |
| 2023-03-31 | 21.96% |
| 2022-12-31 | 20.98% |
| 2022-09-30 | 20.34% |
| 2022-06-30 | 22.10% |
| 2022-03-31 | 22.19% |
| 2021-12-31 | 16.78% |
| 2021-09-30 | 20.68% |
| 2021-06-30 | 15.87% |
| 2021-03-31 | 22.11% |
| 2020-12-31 | 18.70% |
| 2020-09-30 | 21.87% |
| 2020-06-30 | 21.15% |
| 2020-03-31 | 24.22% |
| 2019-12-31 | 21.24% |
| 2019-09-30 | 21.07% |
| 2019-06-30 | 20.79% |
| 2019-03-31 | 24.69% |
| 2018-12-31 | 22.23% |
| 2018-09-30 | 19.51% |
| 2018-06-30 | 23.58% |
| 2018-03-31 | 21.11% |
| 2017-12-31 | 79.98% |
| 2017-09-30 | 33.01% |
| 2017-06-30 | 30.76% |
| 2017-03-31 | 29.70% |
| 2016-12-31 | 32.89% |
| 2016-09-30 | 29.01% |
| 2016-06-30 | 29.79% |
| 2016-03-31 | 32.31% |
| 2015-12-31 | 30.87% |
| 2015-09-30 | 35.10% |
| 2015-06-30 | 31.10% |
| 2015-03-31 | 33.05% |
| 2014-12-31 | 31.81% |
| 2014-09-30 | 32.86% |
| 2014-06-30 | 33.43% |
| 2014-03-31 | 32.05% |
| 2013-12-31 | 28.93% |
| 2013-09-30 | 32.17% |
| 2013-06-30 | 32.41% |
| 2013-03-31 | 26.75% |
| 2012-12-31 | 28.60% |
| 2012-09-30 | 32.09% |
| 2012-06-30 | 32.82% |
| 2012-03-31 | 32.77% |
| 2011-12-31 | 30.81% |
| 2011-09-30 | 29.41% |
| 2011-06-30 | 31.49% |
| 2011-03-31 | 31.49% |
| 2010-12-31 | 26.28% |
| 2010-09-30 | 34.34% |
| 2010-06-30 | 32.28% |
| 2010-03-31 | 32.29% |
| 2009-12-31 | 28.53% |
| 2009-09-30 | 31.47% |
| 2009-06-30 | 31.49% |
| 2009-03-31 | 31.53% |
| 2008-12-31 | 27.77% |
| 2008-09-30 | 30.51% |
| 2008-06-30 | 30.51% |
| 2008-03-31 | 30.46% |
| 2007-12-31 | 25.23% |
| 2007-09-30 | 23.80% |
| 2007-06-30 | 28.93% |
| 2007-03-31 | 29.68% |
| 2006-12-31 | 21.72% |
| 2006-09-30 | 30.21% |
| 2006-06-30 | 30.32% |
| 2006-03-31 | 29.48% |
| 2005-12-31 | 6.29% |
| 2005-09-30 | 31.01% |
| 2005-06-30 | 28.74% |
| 2005-03-31 | 27.46% |
| 2004-12-31 | 1.24% |
| 2004-09-30 | 29.42% |
| 2004-06-30 | 26.81% |
| 2004-03-31 | 27.97% |
| 2003-12-31 | 26.01% |
| 2003-09-30 | 26.02% |
| 2003-06-30 | 25.99% |
| 2003-03-31 | 25.94% |
| 2002-12-31 | 2.16% |
| 2002-09-30 | 23.02% |
| 2002-06-30 | 8.06% |
