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 24.32% is in line with its 5-year average of 24.57%, around the middle of its 5-year range (13.73%–30.12%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.40% above its 12-month average of 24.22%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.32%
TAX RATE AVG TTM
24.22%
TAX RATE AVG 3Y
24.39%
TAX RATE AVG 5Y
24.57%
TAX RATE AVG 10Y
24.82%
TAX RATE AVG 15Y
26.35%
TAX RATE AVG 20Y
28.10%
CURRENT VS TTM AVG
+0.40%
CURRENT VS 3Y AVG
-0.31%
CURRENT VS 5Y AVG
-1.03%
CURRENT VS 10Y AVG
-2.02%
CURRENT VS 15Y AVG
-7.70%
CURRENT VS 20Y AVG
-13.45%
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 |
|---|---|
| 2026-06-30 | 24.32% |
| 2026-03-31 | 21.65% |
| 2025-12-31 | 22.47% |
| 2025-09-30 | 27.54% |
| 2025-06-30 | 25.13% |
| 2025-03-31 | 22.05% |
| 2024-12-31 | 25.19% |
| 2024-09-30 | 27.42% |
| 2024-06-30 | 25.68% |
| 2024-03-31 | 20.76% |
| 2023-12-31 | 13.73% |
| 2023-09-30 | 24.86% |
| 2023-06-30 | 25.67% |
| 2023-03-31 | 22.46% |
| 2022-12-31 | 20.75% |
| 2022-09-30 | 24.84% |
| 2022-06-30 | 25.94% |
| 2022-03-31 | 22.94% |
| 2021-12-31 | 27.08% |
| 2021-09-30 | 30.12% |
| 2021-03-31 | 27.39% |
| 2020-12-31 | 24.36% |
| 2020-09-30 | 22.89% |
| 2020-06-30 | 27.15% |
| 2020-03-31 | 18.97% |
| 2019-12-31 | 22.58% |
| 2019-09-30 | 27.39% |
| 2019-06-30 | 26.40% |
| 2019-03-31 | 22.88% |
| 2018-12-31 | 19.88% |
| 2018-09-30 | 27.02% |
| 2018-06-30 | 28.21% |
| 2018-03-31 | 19.50% |
| 2017-12-31 | 38.51% |
| 2017-09-30 | 37.88% |
| 2017-06-30 | 32.82% |
| 2017-03-31 | 29.58% |
| 2016-12-31 | 38.73% |
| 2016-09-30 | 35.68% |
| 2016-06-30 | 35.57% |
| 2016-03-31 | 32.77% |
| 2015-12-31 | 46.25% |
| 2015-09-30 | 38.89% |
| 2015-06-30 | 46.15% |
| 2015-03-31 | 37.07% |
| 2014-12-31 | 20.00% |
| 2014-09-30 | -265.13% |
| 2014-06-30 | 19.47% |
| 2014-03-31 | 5.38% |
| 2013-12-31 | 28.57% |
| 2013-09-30 | 24.68% |
| 2013-06-30 | 29.77% |
| 2013-03-31 | 17.72% |
| 2012-09-30 | 31.11% |
| 2012-03-31 | 0.00% |
| 2011-09-30 | 19.67% |
| 2011-06-30 | 65.52% |
| 2010-09-30 | 81.58% |
| 2010-06-30 | 25.00% |
| 2010-03-31 | 81.82% |
| 2009-09-30 | 29.21% |
| 2009-06-30 | 1.59% |
| 2008-09-30 | 66.19% |
| 2008-06-30 | 47.17% |
| 2008-03-31 | 52.63% |
| 2007-09-30 | 33.13% |
| 2007-06-30 | 35.88% |
| 2007-03-31 | 36.02% |
| 2006-09-30 | 34.83% |
| 2006-06-30 | 34.78% |
| 2006-03-31 | 34.56% |
| 2005-12-31 | 48.00% |
| 2005-09-30 | 34.47% |
| 2005-06-30 | 35.42% |
| 2005-03-31 | 32.40% |
| 2004-12-31 | 46.12% |
| 2004-09-30 | 36.30% |
| 2004-06-30 | 35.84% |
| 2004-03-31 | 36.27% |
| 2003-12-31 | 50.43% |
| 2003-09-30 | 37.03% |
| 2003-06-30 | 34.81% |
| 2003-03-31 | 34.79% |
| 2002-12-31 | 34.96% |
| 2002-09-30 | 31.47% |
