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 26.35% is in line with its 5-year average of 25.29%, near the high end of its 5-year range (14.66%–31.00%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.41% above its 12-month average of 25.98%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
26.35%
TAX RATE AVG TTM
25.98%
TAX RATE AVG 3Y
26.59%
TAX RATE AVG 5Y
25.82%
TAX RATE AVG 10Y
27.57%
TAX RATE AVG 15Y
30.21%
TAX RATE AVG 20Y
32.30%
CURRENT VS TTM AVG
+1.41%
CURRENT VS 3Y AVG
-0.90%
CURRENT VS 5Y AVG
+2.02%
CURRENT VS 10Y AVG
-4.45%
CURRENT VS 15Y AVG
-12.77%
CURRENT VS 20Y AVG
-18.43%
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 | 26.35% |
| 2025-12-31 | 29.25% |
| 2025-09-30 | 20.18% |
| 2025-06-30 | 26.05% |
| 2025-03-31 | 28.09% |
| 2024-12-31 | 26.64% |
| 2024-09-30 | 24.71% |
| 2024-06-30 | 30.60% |
| 2024-03-31 | 31.00% |
| 2023-12-31 | 18.86% |
| 2023-09-30 | 22.47% |
| 2023-06-30 | 27.88% |
| 2023-03-31 | 25.82% |
| 2022-12-31 | 29.45% |
| 2022-09-30 | 25.21% |
| 2022-06-30 | 23.22% |
| 2022-03-31 | 24.86% |
| 2021-12-31 | 14.66% |
| 2021-09-30 | 23.93% |
| 2021-06-30 | 26.04% |
| 2021-03-31 | 25.90% |
| 2020-12-31 | 27.49% |
| 2020-09-30 | 28.82% |
| 2020-06-30 | 26.11% |
| 2020-03-31 | 29.14% |
| 2019-12-31 | 26.28% |
| 2019-09-30 | 27.56% |
| 2019-06-30 | 26.90% |
| 2019-03-31 | 34.23% |
| 2018-12-31 | 45.16% |
| 2018-09-30 | 25.52% |
| 2018-06-30 | 27.80% |
| 2018-03-31 | 24.50% |
| 2017-12-31 | 19.28% |
| 2017-09-30 | 32.23% |
| 2017-06-30 | 33.45% |
| 2017-03-31 | 33.88% |
| 2016-12-31 | 32.52% |
| 2016-09-30 | 34.08% |
| 2016-06-30 | 35.20% |
| 2016-03-31 | 33.92% |
| 2015-12-31 | 30.87% |
| 2015-09-30 | 34.11% |
| 2015-06-30 | 35.08% |
| 2015-03-31 | 35.95% |
| 2014-12-31 | 37.53% |
| 2014-09-30 | 34.20% |
| 2014-06-30 | 34.13% |
| 2014-03-31 | 34.05% |
| 2013-12-31 | 34.33% |
| 2013-09-30 | 32.65% |
| 2013-06-30 | 34.97% |
| 2013-03-31 | 35.80% |
| 2012-12-31 | 35.64% |
| 2012-09-30 | 35.08% |
| 2012-06-30 | 36.76% |
| 2012-03-31 | 36.77% |
| 2011-12-31 | 33.33% |
| 2011-09-30 | 38.48% |
| 2011-06-30 | 38.39% |
| 2011-03-31 | 39.22% |
| 2010-12-31 | 37.78% |
| 2010-09-30 | 38.41% |
| 2010-06-30 | 39.44% |
| 2010-03-31 | 37.23% |
| 2009-12-31 | 35.36% |
| 2009-09-30 | 37.58% |
| 2009-06-30 | 39.94% |
| 2009-03-31 | 40.21% |
| 2008-12-31 | 34.83% |
| 2008-09-30 | 41.10% |
| 2008-06-30 | 38.58% |
| 2008-03-31 | 40.01% |
| 2007-12-31 | 36.11% |
| 2007-09-30 | 38.87% |
| 2007-06-30 | 42.97% |
| 2007-03-31 | 39.66% |
| 2006-12-31 | 39.92% |
| 2006-09-30 | 35.74% |
| 2006-06-30 | 39.82% |
| 2006-03-31 | 40.20% |
| 2005-12-31 | 38.22% |
| 2005-09-30 | 40.63% |
| 2005-06-30 | 42.19% |
| 2005-03-31 | 40.01% |
| 2004-12-31 | 36.63% |
| 2004-09-30 | 39.55% |
| 2004-06-30 | 40.22% |
| 2004-03-31 | 40.24% |
| 2003-12-31 | 39.42% |
| 2003-09-30 | 40.06% |
| 2003-06-30 | 94.88% |
| 2003-03-31 | 94.89% |
| 2002-12-31 | 36.11% |
| 2002-09-30 | 41.46% |
