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 20.22% is in line with its 5-year average of 18.89%, near the high end of its 5-year range (7.43%–25.57%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.56% above its 12-month average of 19.34%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.22%
TAX RATE AVG TTM
19.34%
TAX RATE AVG 3Y
18.98%
TAX RATE AVG 5Y
19.14%
TAX RATE AVG 10Y
21.00%
TAX RATE AVG 15Y
25.89%
TAX RATE AVG 20Y
28.22%
CURRENT VS TTM AVG
+4.56%
CURRENT VS 3Y AVG
+6.50%
CURRENT VS 5Y AVG
+5.61%
CURRENT VS 10Y AVG
-3.73%
CURRENT VS 15Y AVG
-21.91%
CURRENT VS 20Y AVG
-28.35%
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 | 20.22% |
| 2025-12-31 | 20.26% |
| 2025-09-30 | 17.74% |
| 2025-06-30 | 19.54% |
| 2025-03-31 | 18.94% |
| 2024-12-31 | 17.18% |
| 2024-09-30 | 18.68% |
| 2024-06-30 | 19.90% |
| 2024-03-31 | 19.39% |
| 2023-12-31 | 16.67% |
| 2023-09-30 | 25.57% |
| 2023-06-30 | 17.63% |
| 2023-03-31 | 21.66% |
| 2022-12-31 | 21.00% |
| 2022-09-30 | 18.73% |
| 2022-06-30 | 18.45% |
| 2022-03-31 | 19.92% |
| 2021-12-31 | 7.43% |
| 2021-09-30 | 18.41% |
| 2021-06-30 | 18.54% |
| 2021-03-31 | 20.86% |
| 2020-12-31 | 14.68% |
| 2020-09-30 | 17.27% |
| 2020-06-30 | 21.41% |
| 2020-03-31 | 52.83% |
| 2019-12-31 | 19.52% |
| 2019-09-30 | 20.18% |
| 2019-06-30 | 20.60% |
| 2019-03-31 | 16.39% |
| 2018-12-31 | 28.72% |
| 2018-09-30 | 19.28% |
| 2018-06-30 | 24.55% |
| 2018-03-31 | 13.86% |
| 2017-12-31 | 55.14% |
| 2017-09-30 | 29.25% |
| 2017-06-30 | 30.42% |
| 2017-03-31 | 18.54% |
| 2016-12-31 | 33.06% |
| 2016-09-30 | 32.15% |
| 2016-06-30 | 27.84% |
| 2016-03-31 | 34.30% |
| 2015-12-31 | 23.49% |
| 2015-09-30 | 34.18% |
| 2015-06-30 | 34.46% |
| 2015-03-31 | 34.27% |
| 2014-12-31 | 33.19% |
| 2014-09-30 | 34.21% |
| 2014-06-30 | 35.36% |
| 2014-03-31 | 34.97% |
| 2013-12-31 | 33.20% |
| 2013-09-30 | 34.20% |
| 2013-06-30 | 35.05% |
| 2013-03-31 | 35.25% |
| 2012-12-31 | 25.56% |
| 2012-09-30 | 35.03% |
| 2012-06-30 | 34.35% |
| 2012-03-31 | 34.51% |
| 2011-12-31 | 28.02% |
| 2011-09-30 | 33.52% |
| 2011-06-30 | 33.95% |
| 2010-12-31 | 29.44% |
| 2010-09-30 | 33.60% |
| 2010-06-30 | 36.01% |
| 2009-12-31 | 38.89% |
| 2009-09-30 | 39.17% |
| 2009-06-30 | 37.57% |
| 2008-12-31 | 49.20% |
| 2008-09-30 | 37.08% |
| 2008-06-30 | 39.17% |
| 2008-03-31 | 37.38% |
| 2007-12-31 | 33.84% |
| 2007-09-30 | 36.78% |
| 2007-06-30 | 32.17% |
| 2007-03-31 | 37.23% |
| 2006-12-31 | -11.00% |
| 2006-09-30 | 36.09% |
| 2006-06-30 | 28.18% |
| 2006-03-31 | 37.31% |
| 2005-12-31 | 31.59% |
| 2005-09-30 | 36.97% |
| 2005-06-30 | 37.22% |
| 2005-03-31 | 36.45% |
| 2004-12-31 | 36.92% |
| 2004-09-30 | 35.33% |
| 2004-06-30 | 37.07% |
| 2003-12-31 | 21.64% |
| 2003-09-30 | 34.83% |
| 2003-06-30 | 35.87% |
| 2003-03-31 | 29.17% |
| 2002-12-31 | 20.40% |
| 2002-09-30 | 37.17% |
| 2002-06-30 | 41.09% |
