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 23.33% is 11% above its 5-year average of 20.94%, near the high end of its 5-year range (14.79%–25.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.32% above its 12-month average of 21.74%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.33%
TAX RATE AVG TTM
21.74%
TAX RATE AVG 3Y
21.47%
TAX RATE AVG 5Y
21.38%
TAX RATE AVG 10Y
21.85%
TAX RATE AVG 15Y
24.46%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+7.32%
CURRENT VS 3Y AVG
+8.63%
CURRENT VS 5Y AVG
+9.10%
CURRENT VS 10Y AVG
+6.79%
CURRENT VS 15Y AVG
-4.64%
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 |
|---|---|
| 2026-06-30 | 23.33% |
| 2026-03-31 | 22.28% |
| 2025-12-31 | 21.76% |
| 2025-09-30 | 22.05% |
| 2025-06-30 | 19.26% |
| 2025-03-31 | 20.02% |
| 2024-12-31 | 22.11% |
| 2024-09-30 | 14.79% |
| 2024-06-30 | 21.82% |
| 2024-03-31 | 21.28% |
| 2023-12-31 | 25.00% |
| 2023-09-30 | 20.71% |
| 2023-06-30 | 21.59% |
| 2023-03-31 | 21.80% |
| 2022-12-31 | 22.22% |
| 2022-09-30 | 18.38% |
| 2022-06-30 | 21.98% |
| 2022-03-31 | 22.10% |
| 2021-12-31 | 15.61% |
| 2021-09-30 | 20.78% |
| 2021-03-31 | 19.76% |
| 2020-12-31 | 22.13% |
| 2020-09-30 | 22.88% |
| 2019-12-31 | 42.05% |
| 2019-09-30 | 22.60% |
| 2019-06-30 | 21.89% |
| 2019-03-31 | 23.27% |
| 2018-12-31 | 35.23% |
| 2018-09-30 | 16.32% |
| 2018-03-31 | 23.23% |
| 2017-12-31 | 406.17% |
| 2017-09-30 | 29.25% |
| 2017-06-30 | 36.06% |
| 2017-03-31 | 35.60% |
| 2016-12-31 | 44.59% |
| 2016-09-30 | 194.33% |
| 2016-06-30 | 36.22% |
| 2016-03-31 | 32.91% |
| 2015-09-30 | 37.11% |
| 2015-06-30 | 35.59% |
| 2015-03-31 | 37.95% |
| 2014-12-31 | 4.07% |
| 2014-09-30 | 24.00% |
| 2014-06-30 | 26.37% |
| 2014-03-31 | 24.97% |
| 2013-12-31 | 8.67% |
| 2013-09-30 | 23.68% |
| 2013-06-30 | 22.37% |
| 2013-03-31 | 29.78% |
| 2012-12-31 | -5.78% |
| 2012-09-30 | 13.45% |
| 2012-06-30 | 52.50% |
| 2012-03-31 | 23.94% |
| 2011-12-31 | 28.33% |
| 2011-09-30 | 70.00% |
| 2011-06-30 | 51.77% |
| 2011-03-31 | 38.98% |
| 2010-12-31 | 54.10% |
| 2010-09-30 | 28.07% |
| 2010-06-30 | 14.96% |
| 2009-12-31 | 29.49% |
