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 15.40% is 24% below its 5-year average of 20.23%, near the low end of its 5-year range (8.22%–78.83%).
As of the fiscal period ended Tuesday, March 31, 2026. 31.59% below its 12-month average of 22.51%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
15.40%
TAX RATE AVG TTM
22.51%
TAX RATE AVG 3Y
25.73%
TAX RATE AVG 5Y
20.23%
TAX RATE AVG 10Y
16.87%
TAX RATE AVG 15Y
20.66%
TAX RATE AVG 20Y
29.33%
CURRENT VS TTM AVG
-31.59%
CURRENT VS 3Y AVG
-40.16%
CURRENT VS 5Y AVG
-23.88%
CURRENT VS 10Y AVG
-8.72%
CURRENT VS 15Y AVG
-25.48%
CURRENT VS 20Y AVG
-47.50%
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 | 15.40% |
| 2025-12-31 | 10.74% |
| 2025-09-30 | 16.14% |
| 2025-03-31 | 47.75% |
| 2024-12-31 | 14.93% |
| 2024-06-30 | 27.78% |
| 2024-03-31 | 17.74% |
| 2023-12-31 | 23.60% |
| 2023-09-30 | 9.78% |
| 2023-06-30 | 78.83% |
| 2023-03-31 | 20.36% |
| 2022-12-31 | 12.16% |
| 2022-09-30 | 11.04% |
| 2022-06-30 | 8.22% |
| 2022-03-31 | 19.46% |
| 2021-12-31 | 27.42% |
| 2021-09-30 | 29.15% |
| 2021-06-30 | 28.54% |
| 2021-03-31 | 23.89% |
| 2020-12-31 | -1.52% |
| 2020-09-30 | 26.54% |
| 2020-06-30 | 376.77% |
| 2020-03-31 | 12.99% |
| 2019-12-31 | 31.17% |
| 2019-09-30 | 16.84% |
| 2019-06-30 | 10.34% |
| 2019-03-31 | 25.72% |
| 2018-12-31 | -5.65% |
| 2018-09-30 | 15.61% |
| 2018-06-30 | 21.95% |
| 2018-03-31 | 2.50% |
| 2017-12-31 | -17.61% |
| 2017-09-30 | 8.02% |
| 2017-06-30 | 18.08% |
| 2017-03-31 | 13.55% |
| 2016-12-31 | -2.60% |
| 2016-09-30 | 81.17% |
| 2016-03-31 | 15.88% |
| 2015-12-31 | 64.06% |
| 2015-09-30 | 14.27% |
| 2015-06-30 | 12.06% |
| 2015-03-31 | 27.65% |
| 2014-12-31 | 6.89% |
| 2014-09-30 | 98.46% |
| 2014-06-30 | -203.25% |
| 2014-03-31 | 42.61% |
| 2013-12-31 | -114.36% |
| 2013-09-30 | 81.48% |
| 2013-06-30 | 48.63% |
| 2013-03-31 | 67.76% |
| 2012-12-31 | 25.90% |
| 2012-09-30 | 36.68% |
| 2012-06-30 | 54.16% |
| 2012-03-31 | 29.26% |
| 2011-12-31 | 38.17% |
| 2011-09-30 | 32.69% |
| 2011-06-30 | 31.53% |
| 2011-03-31 | 17.78% |
| 2010-12-31 | 53.60% |
| 2010-06-30 | 53.70% |
| 2010-03-31 | 61.61% |
| 2009-12-31 | 29.12% |
| 2009-09-30 | 47.21% |
| 2009-06-30 | 13.59% |
| 2009-03-31 | 53.96% |
| 2008-12-31 | 98.26% |
| 2008-09-30 | 81.63% |
| 2008-06-30 | 41.02% |
| 2008-03-31 | 34.91% |
| 2007-12-31 | 44.63% |
| 2007-09-30 | 16.97% |
| 2007-06-30 | 26.34% |
| 2007-03-31 | 38.62% |
| 2006-12-31 | 43.94% |
| 2006-09-30 | 41.67% |
| 2006-06-30 | 38.74% |
| 2006-03-31 | 43.06% |
| 2005-12-31 | 37.40% |
| 2005-09-30 | 42.91% |
| 2005-06-30 | 42.37% |
| 2005-03-31 | 42.40% |
| 2004-12-31 | 42.59% |
| 2004-09-30 | 42.45% |
| 2004-06-30 | 40.31% |
| 2004-03-31 | 41.35% |
| 2003-12-31 | 42.51% |
| 2003-09-30 | 42.72% |
| 2003-06-30 | 43.16% |
| 2003-03-31 | 43.43% |
| 2002-12-31 | 40.98% |
| 2002-09-30 | 41.14% |
| 2002-06-30 | 42.44% |
