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 -23.54% is 227% below its 5-year average of 18.52%, near the low end of its 5-year range (-23.54%–28.01%).
As of the fiscal period ended Tuesday, March 31, 2026. 278.06% below its 12-month average of 13.22%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
-23.54%
TAX RATE AVG TTM
13.22%
TAX RATE AVG 3Y
22.69%
TAX RATE AVG 5Y
21.55%
TAX RATE AVG 10Y
21.44%
TAX RATE AVG 15Y
22.13%
TAX RATE AVG 20Y
23.77%
CURRENT VS TTM AVG
-278.06%
CURRENT VS 3Y AVG
-203.75%
CURRENT VS 5Y AVG
-209.22%
CURRENT VS 10Y AVG
-209.79%
CURRENT VS 15Y AVG
-206.37%
CURRENT VS 20Y AVG
-199.03%
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 | -23.54% |
| 2025-12-31 | 20.89% |
| 2025-09-30 | 22.21% |
| 2025-06-30 | 22.82% |
| 2025-03-31 | 23.74% |
| 2024-12-31 | -0.53% |
| 2024-09-30 | 22.73% |
| 2024-06-30 | 22.09% |
| 2024-03-31 | 22.89% |
| 2023-12-31 | 22.19% |
| 2023-09-30 | 22.47% |
| 2023-06-30 | 23.62% |
| 2023-03-31 | 22.16% |
| 2022-12-31 | 18.49% |
| 2022-06-30 | 20.43% |
| 2022-03-31 | 19.82% |
| 2021-12-31 | 19.17% |
| 2021-09-30 | 19.08% |
| 2021-06-30 | 21.64% |
| 2021-03-31 | 28.01% |
| 2020-12-31 | 20.26% |
| 2020-09-30 | 11.48% |
| 2019-12-31 | 23.55% |
| 2019-09-30 | 35.00% |
| 2019-06-30 | 18.18% |
| 2019-03-31 | 22.05% |
| 2018-09-30 | 18.36% |
| 2018-06-30 | 19.22% |
| 2018-03-31 | 6.17% |
| 2017-12-31 | -15.18% |
| 2017-09-30 | 19.70% |
| 2017-06-30 | 19.88% |
| 2017-03-31 | 23.33% |
| 2016-12-31 | 10.63% |
| 2016-09-30 | 29.32% |
| 2016-03-31 | -2.05% |
| 2015-09-30 | 18.97% |
| 2015-06-30 | 16.27% |
| 2015-03-31 | 53.33% |
| 2014-12-31 | 26.76% |
| 2014-09-30 | 29.20% |
| 2014-06-30 | 26.56% |
| 2014-03-31 | 20.04% |
| 2013-09-30 | 26.91% |
| 2013-06-30 | 28.80% |
| 2013-03-31 | 22.89% |
| 2012-12-31 | -137.14% |
| 2012-09-30 | 24.21% |
| 2012-06-30 | 7.48% |
| 2012-03-31 | 29.96% |
| 2011-12-31 | 14.97% |
| 2011-09-30 | 28.02% |
| 2011-06-30 | 26.28% |
| 2011-03-31 | 25.76% |
| 2010-12-31 | 29.21% |
| 2010-09-30 | 32.56% |
| 2010-06-30 | 32.63% |
| 2010-03-31 | 30.47% |
| 2009-12-31 | 31.37% |
| 2009-09-30 | 27.77% |
| 2009-06-30 | 26.06% |
| 2008-06-30 | 30.71% |
| 2008-03-31 | 29.35% |
| 2007-12-31 | -32.75% |
| 2007-09-30 | 28.53% |
| 2007-06-30 | -30.22% |
| 2007-03-31 | 32.95% |
| 2006-12-31 | 30.81% |
| 2006-09-30 | -32.60% |
| 2006-06-30 | 32.97% |
| 2006-03-31 | 33.94% |
| 2005-12-31 | 21.40% |
| 2005-09-30 | 23.18% |
| 2005-06-30 | 25.79% |
| 2005-03-31 | 32.13% |
| 2004-12-31 | 31.12% |
| 2004-09-30 | 30.05% |
| 2004-06-30 | 22.27% |
| 2004-03-31 | 57.46% |
| 2003-12-31 | 34.26% |
| 2003-06-30 | 29.08% |
| 2003-03-31 | 32.85% |
| 2002-12-31 | 7.81% |
| 2002-09-30 | 37.98% |
| 2002-06-30 | 38.15% |
