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 19.33% is 14% above its 5-year average of 16.88%, near the high end of its 5-year range (5.12%–23.19%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.30% below its 12-month average of 19.38%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.33%
TAX RATE AVG TTM
19.38%
TAX RATE AVG 3Y
17.74%
TAX RATE AVG 5Y
17.47%
TAX RATE AVG 10Y
19.38%
TAX RATE AVG 15Y
22.08%
TAX RATE AVG 20Y
25.03%
CURRENT VS TTM AVG
-0.30%
CURRENT VS 3Y AVG
+8.93%
CURRENT VS 5Y AVG
+10.62%
CURRENT VS 10Y AVG
-0.28%
CURRENT VS 15Y AVG
-12.48%
CURRENT VS 20Y AVG
-22.78%
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 | 19.33% |
| 2025-12-31 | 16.74% |
| 2025-09-30 | 21.44% |
| 2025-06-30 | 20.78% |
| 2025-03-31 | 18.63% |
| 2024-12-31 | 14.11% |
| 2024-09-30 | 15.60% |
| 2024-06-30 | 17.29% |
| 2024-03-31 | 15.37% |
| 2023-12-31 | 15.96% |
| 2023-09-30 | 14.97% |
| 2023-06-30 | 23.19% |
| 2023-03-31 | 17.25% |
| 2022-12-31 | 18.26% |
| 2022-09-30 | 18.65% |
| 2022-06-30 | 18.69% |
| 2022-03-31 | 5.12% |
| 2021-12-31 | 15.73% |
| 2021-09-30 | 14.28% |
| 2021-06-30 | 16.63% |
| 2021-03-31 | 16.53% |
| 2020-12-31 | 17.67% |
| 2020-09-30 | 20.99% |
| 2020-06-30 | 15.98% |
| 2020-03-31 | 14.80% |
| 2019-12-31 | 15.15% |
| 2019-09-30 | 16.81% |
| 2019-06-30 | 18.70% |
| 2019-03-31 | 15.48% |
| 2018-12-31 | 26.01% |
| 2018-09-30 | 16.12% |
| 2018-06-30 | 18.37% |
| 2018-03-31 | 17.25% |
| 2017-12-31 | 84.70% |
| 2017-09-30 | 25.98% |
| 2017-06-30 | 27.70% |
| 2017-03-31 | 26.86% |
| 2016-12-31 | 28.83% |
| 2016-09-30 | 27.50% |
| 2016-06-30 | 27.99% |
| 2016-03-31 | 28.27% |
| 2015-12-31 | 13.17% |
| 2015-09-30 | 27.74% |
| 2015-06-30 | 25.79% |
| 2015-03-31 | 23.88% |
| 2014-12-31 | 20.46% |
| 2014-09-30 | 28.42% |
| 2014-06-30 | 32.19% |
| 2014-03-31 | 32.08% |
| 2013-12-31 | 31.61% |
| 2013-09-30 | 29.90% |
| 2013-06-30 | 31.22% |
| 2013-03-31 | 30.49% |
| 2012-12-31 | 32.33% |
| 2012-09-30 | 27.58% |
| 2012-06-30 | 28.06% |
| 2012-03-31 | 31.80% |
| 2011-09-30 | 30.49% |
| 2011-06-30 | 31.84% |
| 2011-03-31 | 32.78% |
| 2010-12-31 | 28.69% |
| 2010-09-30 | 32.33% |
| 2010-06-30 | 35.76% |
| 2010-03-31 | 34.53% |
| 2009-12-31 | 35.77% |
| 2009-09-30 | 32.84% |
| 2009-06-30 | 34.89% |
| 2009-03-31 | 33.27% |
| 2008-12-31 | 46.20% |
| 2008-03-31 | 35.10% |
| 2007-12-31 | 34.86% |
| 2007-09-30 | 34.80% |
| 2007-06-30 | 34.69% |
| 2007-03-31 | 36.00% |
| 2006-12-31 | 41.35% |
| 2006-09-30 | 33.93% |
| 2006-03-31 | 34.30% |
| 2003-09-30 | 33.24% |
| 2003-06-30 | 35.32% |
| 2002-09-30 | 36.67% |
| 2002-06-30 | 35.38% |
