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 19.99% is in line with its 5-year average of 19.39%, near the high end of its 5-year range (14.61%–21.32%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.28% below its 12-month average of 20.24%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.99%
TAX RATE AVG TTM
20.24%
TAX RATE AVG 3Y
20.34%
TAX RATE AVG 5Y
19.63%
TAX RATE AVG 10Y
18.55%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-1.28%
CURRENT VS 3Y AVG
-1.72%
CURRENT VS 5Y AVG
+1.80%
CURRENT VS 10Y AVG
+7.73%
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 |
|---|---|
| 2026-06-30 | 19.99% |
| 2026-03-31 | 19.41% |
| 2025-12-31 | 20.71% |
| 2025-09-30 | 20.81% |
| 2025-06-30 | 20.30% |
| 2025-03-31 | 20.55% |
| 2024-12-31 | 21.32% |
| 2024-09-30 | 20.89% |
| 2024-06-30 | 20.05% |
| 2024-03-31 | 14.61% |
| 2023-12-31 | 20.48% |
| 2023-09-30 | 20.29% |
| 2023-06-30 | 19.22% |
| 2023-03-31 | 18.41% |
| 2022-12-31 | 20.08% |
| 2022-09-30 | 17.75% |
| 2022-06-30 | 16.50% |
| 2022-03-31 | 18.22% |
| 2021-12-31 | 19.57% |
| 2021-09-30 | 19.82% |
| 2021-06-30 | 18.28% |
| 2021-03-31 | 18.66% |
| 2020-12-31 | 10.83% |
| 2020-09-30 | 7.64% |
| 2020-06-30 | 16.96% |
| 2020-03-31 | -1.11% |
| 2019-12-31 | 17.05% |
| 2019-09-30 | 14.59% |
| 2019-06-30 | 16.74% |
| 2019-03-31 | 17.90% |
| 2018-12-31 | 12.94% |
| 2018-09-30 | 15.29% |
| 2018-06-30 | 18.85% |
| 2018-03-31 | 17.33% |
| 2017-12-31 | 47.22% |
| 2017-09-30 | 20.06% |
| 2017-06-30 | 33.40% |
| 2017-03-31 | 32.36% |
| 2016-12-31 | 33.29% |
| 2016-09-30 | 34.00% |
| 2016-06-30 | 34.54% |
| 2016-03-31 | 33.36% |
| 2015-12-31 | 33.08% |
| 2015-09-30 | 33.60% |
| 2015-06-30 | 33.80% |
| 2015-03-31 | 33.92% |
