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 5.60% is 65% below its 5-year average of 15.87%, around the middle of its 5-year range (-18.70%–32.01%).
As of the fiscal period ended Tuesday, March 31, 2026. 51.89% below its 12-month average of 11.63%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
5.60%
TAX RATE AVG TTM
11.63%
TAX RATE AVG 3Y
15.12%
TAX RATE AVG 5Y
16.07%
TAX RATE AVG 10Y
20.33%
TAX RATE AVG 15Y
23.58%
TAX RATE AVG 20Y
27.22%
CURRENT VS TTM AVG
-51.89%
CURRENT VS 3Y AVG
-62.98%
CURRENT VS 5Y AVG
-65.18%
CURRENT VS 10Y AVG
-72.48%
CURRENT VS 15Y AVG
-76.27%
CURRENT VS 20Y AVG
-79.45%
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 | 5.60% |
| 2025-12-31 | 14.40% |
| 2025-09-30 | 11.15% |
| 2025-06-30 | 14.44% |
| 2025-03-31 | 12.57% |
| 2024-12-31 | 13.02% |
| 2024-09-30 | 17.04% |
| 2024-06-30 | 18.23% |
| 2024-03-31 | 19.21% |
| 2023-12-31 | -18.70% |
| 2023-09-30 | 15.34% |
| 2023-06-30 | 16.90% |
| 2023-03-31 | 13.99% |
| 2022-12-31 | 20.38% |
| 2022-09-30 | 13.24% |
| 2022-06-30 | 28.06% |
| 2022-03-31 | 25.19% |
| 2021-12-31 | 32.01% |
| 2021-09-30 | 14.43% |
| 2021-03-31 | 30.84% |
| 2020-09-30 | -141.77% |
| 2020-06-30 | 19.99% |
| 2019-12-31 | 40.05% |
| 2019-09-30 | -27.09% |
| 2019-06-30 | 43.87% |
| 2018-06-30 | 9.76% |
| 2018-03-31 | -20.64% |
| 2017-12-31 | 64.10% |
| 2017-09-30 | 10.24% |
| 2017-06-30 | 34.44% |
| 2017-03-31 | -5.21% |
| 2016-12-31 | 34.01% |
| 2016-09-30 | 32.30% |
| 2016-06-30 | -74.42% |
| 2016-03-31 | 34.13% |
| 2015-12-31 | 31.08% |
| 2015-09-30 | 36.19% |
| 2015-06-30 | 37.14% |
| 2015-03-31 | 38.42% |
| 2014-12-31 | 35.75% |
| 2014-09-30 | -3.79% |
| 2014-06-30 | 37.40% |
| 2013-12-31 | 42.86% |
| 2013-09-30 | 43.46% |
| 2013-06-30 | 44.80% |
| 2012-12-31 | 5.07% |
| 2012-09-30 | 34.63% |
| 2012-06-30 | 35.90% |
| 2012-03-31 | 34.44% |
| 2011-12-31 | 30.62% |
| 2011-09-30 | 9.65% |
| 2011-06-30 | 35.08% |
| 2011-03-31 | 35.82% |
| 2010-12-31 | 36.67% |
| 2010-09-30 | 35.46% |
| 2010-06-30 | 35.21% |
| 2010-03-31 | 35.14% |
| 2009-12-31 | -3.20% |
| 2009-09-30 | 35.01% |
| 2009-06-30 | 35.27% |
| 2008-12-31 | 28.80% |
| 2008-09-30 | 34.99% |
| 2008-06-30 | 35.48% |
| 2008-03-31 | 35.53% |
| 2007-09-30 | 30.82% |
| 2007-03-31 | 34.12% |
| 2006-12-31 | 33.15% |
| 2006-09-30 | 37.11% |
| 2006-06-30 | 35.61% |
| 2006-03-31 | 36.19% |
| 2005-09-30 | 40.37% |
| 2005-06-30 | 41.26% |
| 2004-12-31 | 105.15% |
| 2004-06-30 | 63.80% |
| 2004-03-31 | 31.57% |
| 2003-12-31 | 47.78% |
| 2003-09-30 | 40.07% |
| 2003-06-30 | 40.95% |
| 2003-03-31 | 6.12% |
| 2002-12-31 | 33.89% |
| 2002-06-30 | 51.14% |
