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 18.08% is in line with its 5-year average of 18.16%, near the high end of its 5-year range (-17.39%–32.73%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.57% above its 12-month average of 17.98%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.08%
TAX RATE AVG TTM
17.98%
TAX RATE AVG 3Y
18.80%
TAX RATE AVG 5Y
19.94%
TAX RATE AVG 10Y
23.07%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+0.57%
CURRENT VS 3Y AVG
-3.82%
CURRENT VS 5Y AVG
-9.31%
CURRENT VS 10Y AVG
-21.63%
CURRENT VS 15Y AVG
N/A
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 | 18.08% |
| 2025-12-31 | 13.49% |
| 2025-09-30 | 22.22% |
| 2025-06-30 | 13.22% |
| 2025-03-31 | 22.87% |
| 2024-12-31 | 19.90% |
| 2024-09-30 | 6.21% |
| 2024-06-30 | 20.36% |
| 2024-03-31 | 19.80% |
| 2023-12-31 | 12.59% |
| 2023-09-30 | 22.31% |
| 2023-06-30 | 20.58% |
| 2023-03-31 | 32.73% |
| 2022-12-31 | 25.00% |
| 2022-09-30 | 23.08% |
| 2022-06-30 | 19.67% |
| 2022-03-31 | 23.39% |
| 2021-12-31 | 1.28% |
| 2021-09-30 | -17.39% |
| 2021-06-30 | 32.73% |
| 2021-03-31 | 29.20% |
| 2020-12-31 | -49.30% |
| 2020-03-31 | 22.73% |
| 2019-09-30 | 64.42% |
| 2019-03-31 | 27.24% |
| 2018-12-31 | 3.54% |
| 2018-09-30 | 35.34% |
| 2018-06-30 | 38.14% |
| 2018-03-31 | 28.14% |
| 2017-09-30 | 30.81% |
| 2017-06-30 | 21.19% |
| 2017-03-31 | 33.47% |
| 2016-09-30 | 44.14% |
| 2016-06-30 | 69.89% |
| 2016-03-31 | 31.68% |
| 2015-09-30 | 69.44% |
| 2015-06-30 | 34.88% |
| 2015-03-31 | 53.68% |
| 2014-12-31 | 64.39% |
| 2014-09-30 | 76.05% |
