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 21.99% is in line with its 5-year average of 20.10%, near the high end of its 5-year range (6.60%–28.34%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.46% above its 12-month average of 21.46%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.99%
TAX RATE AVG TTM
21.46%
TAX RATE AVG 3Y
20.57%
TAX RATE AVG 5Y
20.64%
TAX RATE AVG 10Y
23.86%
TAX RATE AVG 15Y
26.41%
TAX RATE AVG 20Y
27.51%
CURRENT VS TTM AVG
+2.46%
CURRENT VS 3Y AVG
+6.91%
CURRENT VS 5Y AVG
+6.54%
CURRENT VS 10Y AVG
-7.84%
CURRENT VS 15Y AVG
-16.72%
CURRENT VS 20Y AVG
-20.05%
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 | 21.99% |
| 2025-12-31 | 21.54% |
| 2025-09-30 | 22.75% |
| 2025-06-30 | 21.25% |
| 2025-03-31 | 19.79% |
| 2024-12-31 | 20.53% |
| 2024-09-30 | 20.68% |
| 2024-06-30 | 20.86% |
| 2024-03-31 | 19.88% |
| 2023-12-31 | 18.93% |
| 2023-09-30 | 20.73% |
| 2023-06-30 | 17.96% |
| 2023-03-31 | 20.51% |
| 2022-12-31 | 18.62% |
| 2022-09-30 | 21.87% |
| 2022-06-30 | 15.69% |
| 2022-03-31 | 28.34% |
| 2021-12-31 | 22.25% |
| 2021-09-30 | 20.12% |
| 2021-06-30 | 6.60% |
| 2021-03-31 | 21.28% |
| 2020-12-31 | 24.74% |
| 2020-09-30 | 20.50% |
| 2020-06-30 | 25.42% |
| 2020-03-31 | 23.39% |
| 2019-12-31 | 22.43% |
| 2019-09-30 | 25.29% |
| 2019-06-30 | 24.45% |
| 2019-03-31 | 27.46% |
| 2018-12-31 | 19.19% |
| 2018-09-30 | 24.15% |
| 2018-06-30 | 25.86% |
| 2018-03-31 | 27.15% |
| 2017-12-31 | 62.94% |
| 2017-09-30 | 33.19% |
| 2017-06-30 | 32.32% |
| 2017-03-31 | 32.79% |
| 2016-12-31 | 31.21% |
| 2016-09-30 | 33.03% |
| 2016-06-30 | 33.77% |
| 2016-03-31 | 28.65% |
| 2015-12-31 | 29.49% |
| 2015-09-30 | 30.30% |
| 2015-06-30 | 29.78% |
| 2015-03-31 | 35.29% |
| 2014-12-31 | 31.24% |
| 2014-09-30 | 44.39% |
| 2014-06-30 | 33.04% |
| 2014-03-31 | 32.44% |
| 2013-12-31 | 32.03% |
| 2013-09-30 | 33.02% |
| 2013-06-30 | 32.21% |
| 2013-03-31 | 30.09% |
| 2012-12-31 | 32.49% |
| 2012-09-30 | 32.44% |
| 2012-06-30 | 32.98% |
| 2012-03-31 | 31.44% |
| 2011-12-31 | 30.60% |
| 2011-09-30 | 33.40% |
| 2011-06-30 | 31.76% |
| 2011-03-31 | 28.84% |
| 2010-12-31 | 28.34% |
| 2010-09-30 | 29.68% |
| 2010-06-30 | 29.36% |
| 2010-03-31 | 30.00% |
| 2009-12-31 | 28.47% |
| 2009-09-30 | 30.78% |
| 2009-06-30 | 31.30% |
| 2009-03-31 | 28.63% |
| 2008-12-31 | 29.48% |
| 2008-09-30 | 29.88% |
| 2008-06-30 | 29.92% |
| 2008-03-31 | 30.60% |
| 2007-12-31 | 0.86% |
| 2007-09-30 | 30.95% |
| 2007-03-31 | 30.37% |
| 2006-12-31 | 25.94% |
| 2006-09-30 | 30.84% |
| 2006-06-30 | 33.57% |
| 2006-03-31 | 32.07% |
| 2005-12-31 | 28.44% |
| 2005-09-30 | 32.27% |
| 2005-06-30 | 43.29% |
| 2005-03-31 | 12.32% |
| 2004-12-31 | 30.58% |
| 2004-09-30 | 22.59% |
| 2004-06-30 | 31.78% |
| 2004-03-31 | 32.50% |
| 2003-12-31 | 53.01% |
| 2003-09-30 | 33.50% |
| 2003-06-30 | 33.51% |
| 2003-03-31 | 33.49% |
| 2002-09-30 | 31.96% |
| 2002-06-30 | 31.96% |
