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 23.37% is in line with its 5-year average of 23.37%, around the middle of its 5-year range (20.49%–26.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.92% above its 12-month average of 22.49%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 23.37%.
TAX RATE
23.37%
TAX RATE AVG TTM
22.49%
TAX RATE AVG 3Y
23.08%
TAX RATE AVG 5Y
23.37%
TAX RATE AVG 10Y
23.31%
TAX RATE AVG 15Y
25.61%
TAX RATE AVG 20Y
25.49%
CURRENT VS TTM AVG
+3.92%
CURRENT VS 3Y AVG
+1.23%
CURRENT VS 5Y AVG
-0.00%
CURRENT VS 10Y AVG
+0.26%
CURRENT VS 15Y AVG
-8.76%
CURRENT VS 20Y AVG
-8.32%
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 | 23.37% |
| 2026-03-31 | 23.38% |
| 2025-12-31 | 20.54% |
| 2025-09-30 | 22.81% |
| 2025-06-30 | 22.35% |
| 2025-03-31 | 22.29% |
| 2024-12-31 | 20.49% |
| 2024-09-30 | 22.35% |
| 2024-06-30 | 22.69% |
| 2024-03-31 | 23.56% |
| 2023-12-31 | 22.72% |
| 2023-09-30 | 24.12% |
| 2023-06-30 | 24.30% |
| 2023-03-31 | 24.69% |
| 2022-12-31 | 23.18% |
| 2022-09-30 | 24.37% |
| 2022-06-30 | 24.84% |
| 2022-03-31 | 24.37% |
| 2021-09-30 | 26.09% |
| 2021-06-30 | 24.88% |
| 2021-03-31 | 22.25% |
| 2020-12-31 | 23.33% |
| 2020-09-30 | 24.31% |
| 2020-06-30 | 23.80% |
| 2020-03-31 | 7.43% |
| 2019-12-31 | 23.23% |
| 2019-09-30 | 24.73% |
| 2019-06-30 | 24.63% |
| 2019-03-31 | 24.65% |
| 2018-12-31 | 21.62% |
| 2018-09-30 | 23.19% |
| 2018-06-30 | 22.91% |
| 2018-03-31 | 19.86% |
| 2017-12-31 | 40.33% |
| 2017-09-30 | 34.71% |
| 2017-06-30 | 34.29% |
| 2017-03-31 | 30.31% |
| 2016-12-31 | 30.94% |
| 2016-09-30 | 32.34% |
| 2016-06-30 | 31.82% |
| 2016-03-31 | 31.17% |
| 2015-12-31 | 29.82% |
| 2015-09-30 | 29.73% |
| 2015-06-30 | 29.25% |
| 2015-03-31 | 29.03% |
| 2014-12-31 | 27.96% |
| 2014-09-30 | 28.96% |
| 2014-06-30 | 28.69% |
| 2014-03-31 | 28.56% |
| 2013-12-31 | 20.83% |
| 2013-09-30 | 26.56% |
| 2013-06-30 | 25.14% |
| 2013-03-31 | 25.14% |
| 2012-12-31 | 23.88% |
| 2012-09-30 | 24.12% |
| 2012-06-30 | 26.73% |
| 2012-03-31 | 27.50% |
| 2011-12-31 | 27.55% |
| 2011-09-30 | 27.81% |
| 2011-06-30 | 26.90% |
| 2011-03-31 | 27.30% |
| 2010-12-31 | 23.07% |
| 2010-09-30 | 24.75% |
| 2010-06-30 | 21.62% |
| 2010-03-31 | 23.25% |
| 2009-12-31 | 21.92% |
| 2009-09-30 | 20.70% |
| 2009-06-30 | 49.19% |
| 2009-03-31 | 21.67% |
| 2008-12-31 | -52.42% |
| 2008-09-30 | 27.27% |
| 2008-06-30 | 25.24% |
| 2008-03-31 | 26.90% |
| 2007-12-31 | 19.71% |
| 2007-09-30 | 20.72% |
| 2007-06-30 | 25.03% |
| 2007-03-31 | 29.79% |
| 2006-12-31 | 30.73% |
| 2006-09-30 | 30.86% |
| 2006-06-30 | 31.12% |
| 2006-03-31 | 31.31% |
| 2005-12-31 | 31.14% |
| 2005-09-30 | 30.75% |
| 2005-06-30 | 30.75% |
| 2005-03-31 | 32.56% |
| 2004-12-31 | 27.96% |
| 2004-09-30 | 30.81% |
| 2004-06-30 | 32.38% |
| 2004-03-31 | 32.38% |
| 2003-12-31 | 31.00% |
| 2003-09-30 | 32.50% |
| 2003-06-30 | 12.95% |
| 2003-03-31 | 74.94% |
| 2002-12-31 | 34.00% |
| 2002-09-30 | 33.97% |
