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 16.43% is 14% below its 5-year average of 19.09%, near the low end of its 5-year range (6.19%–113.44%).
As of the fiscal period ended Tuesday, March 31, 2026. 14.05% below its 12-month average of 19.12%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
16.43%
TAX RATE AVG TTM
19.12%
TAX RATE AVG 3Y
15.97%
TAX RATE AVG 5Y
13.08%
TAX RATE AVG 10Y
14.15%
TAX RATE AVG 15Y
16.21%
TAX RATE AVG 20Y
17.16%
CURRENT VS TTM AVG
-14.05%
CURRENT VS 3Y AVG
+2.88%
CURRENT VS 5Y AVG
+25.59%
CURRENT VS 10Y AVG
+16.09%
CURRENT VS 15Y AVG
+1.37%
CURRENT VS 20Y AVG
-4.28%
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 | 16.43% |
| 2025-12-31 | 19.71% |
| 2025-09-30 | 22.81% |
| 2025-06-30 | 16.47% |
| 2025-03-31 | 20.16% |
| 2024-12-31 | 12.48% |
| 2024-09-30 | 38.91% |
| 2024-06-30 | 15.64% |
| 2024-03-31 | 11.56% |
| 2023-12-31 | 12.72% |
| 2023-09-30 | 113.44% |
| 2023-06-30 | 15.59% |
| 2023-03-31 | 12.08% |
| 2022-12-31 | 7.57% |
| 2022-09-30 | 7.27% |
| 2022-06-30 | 12.69% |
| 2022-03-31 | 7.34% |
| 2021-12-31 | 6.19% |
| 2021-09-30 | 10.86% |
| 2021-06-30 | 12.78% |
| 2021-03-31 | 8.20% |
| 2020-12-31 | 14.27% |
| 2020-09-30 | 15.92% |
| 2020-06-30 | 14.10% |
| 2020-03-31 | 13.30% |
| 2019-12-31 | 10.07% |
| 2019-09-30 | 10.81% |
| 2019-06-30 | 9.46% |
| 2019-03-31 | 23.25% |
| 2018-12-31 | -19.82% |
| 2018-09-30 | 18.45% |
| 2018-06-30 | 655.40% |
| 2018-03-31 | 14.53% |
| 2017-12-31 | 683.21% |
| 2017-09-30 | 6.09% |
| 2017-06-30 | 20.03% |
| 2017-03-31 | 281.05% |
| 2016-12-31 | 13.48% |
| 2016-09-30 | 19.85% |
| 2016-06-30 | 20.84% |
| 2016-03-31 | 22.35% |
| 2015-12-31 | -7.60% |
| 2015-09-30 | 23.68% |
| 2015-06-30 | 11.61% |
| 2015-03-31 | 14.31% |
| 2014-12-31 | 16.57% |
| 2014-09-30 | 23.63% |
| 2014-06-30 | 22.00% |
| 2014-03-31 | 18.29% |
| 2013-12-31 | 20.05% |
| 2013-09-30 | 20.50% |
| 2013-06-30 | 20.38% |
| 2013-03-31 | 20.66% |
| 2012-12-31 | 18.29% |
| 2012-09-30 | 29.24% |
| 2012-06-30 | 22.11% |
| 2012-03-31 | 24.28% |
| 2011-12-31 | 17.62% |
| 2011-09-30 | 17.72% |
| 2011-06-30 | 21.81% |
| 2011-03-31 | 17.11% |
| 2010-12-31 | 17.03% |
| 2010-09-30 | 22.04% |
| 2010-06-30 | 22.32% |
| 2010-03-31 | 26.92% |
| 2009-12-31 | 19.50% |
| 2009-09-30 | 11.94% |
| 2009-06-30 | 21.07% |
| 2009-03-31 | 22.00% |
| 2008-06-30 | 20.52% |
| 2008-03-31 | -0.76% |
| 2007-12-31 | 18.81% |
| 2007-09-30 | 21.39% |
| 2007-06-30 | 28.39% |
| 2007-03-31 | 29.29% |
| 2006-12-31 | 38.47% |
| 2006-09-30 | 21.00% |
| 2006-06-30 | 21.00% |
| 2006-03-31 | 21.00% |
| 2005-12-31 | 19.24% |
| 2005-09-30 | 22.00% |
| 2005-03-31 | 22.00% |
| 2004-12-31 | 100.46% |
| 2004-09-30 | 22.00% |
| 2004-06-30 | 21.63% |
| 2004-03-31 | 34.95% |
| 2003-12-31 | 22.49% |
| 2003-09-30 | 22.00% |
| 2003-06-30 | 22.04% |
| 2003-03-31 | 17.59% |
| 2002-12-31 | 22.00% |
| 2002-09-30 | 20.73% |
| 2002-06-30 | 22.00% |
