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 23.64% is in line with its 5-year average of 24.79%, around the middle of its 5-year range (-9.43%–44.96%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.66% below its 12-month average of 26.46%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.64%
TAX RATE AVG TTM
26.46%
TAX RATE AVG 3Y
24.65%
TAX RATE AVG 5Y
25.29%
TAX RATE AVG 10Y
27.41%
TAX RATE AVG 15Y
30.65%
TAX RATE AVG 20Y
31.04%
CURRENT VS TTM AVG
-10.66%
CURRENT VS 3Y AVG
-4.07%
CURRENT VS 5Y AVG
-6.51%
CURRENT VS 10Y AVG
-13.74%
CURRENT VS 15Y AVG
-22.86%
CURRENT VS 20Y AVG
-23.83%
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 | 23.64% |
| 2025-12-31 | 26.17% |
| 2025-09-30 | 22.76% |
| 2025-06-30 | 23.73% |
| 2025-03-31 | 36.01% |
| 2024-12-31 | -9.43% |
| 2024-09-30 | 24.22% |
| 2024-06-30 | 25.66% |
| 2024-03-31 | 22.27% |
| 2023-12-31 | 24.68% |
| 2023-09-30 | 25.52% |
| 2023-06-30 | 24.55% |
| 2023-03-31 | 27.91% |
| 2022-12-31 | 0.52% |
| 2022-09-30 | 44.96% |
| 2022-06-30 | 44.49% |
| 2022-03-31 | 26.71% |
| 2021-12-31 | 28.77% |
| 2021-06-30 | 26.09% |
| 2021-03-31 | 26.64% |
| 2020-12-31 | 24.36% |
| 2020-06-30 | 24.44% |
| 2020-03-31 | 26.47% |
| 2019-06-30 | 23.22% |
| 2019-03-31 | 26.06% |
| 2018-12-31 | 26.84% |
| 2018-09-30 | 25.46% |
| 2018-06-30 | 26.59% |
| 2018-03-31 | 23.15% |
| 2017-12-31 | -127.58% |
| 2017-09-30 | 29.39% |
| 2017-06-30 | 31.62% |
| 2017-03-31 | 32.95% |
| 2016-12-31 | 34.57% |
| 2016-09-30 | 36.65% |
| 2016-06-30 | 34.73% |
| 2016-03-31 | 35.32% |
| 2015-12-31 | 36.75% |
| 2015-09-30 | 33.25% |
| 2015-06-30 | 35.71% |
| 2015-03-31 | 34.83% |
| 2014-12-31 | 35.25% |
| 2014-09-30 | 33.92% |
| 2014-06-30 | 35.12% |
| 2014-03-31 | 34.94% |
| 2013-12-31 | 31.56% |
| 2013-09-30 | 34.09% |
| 2013-06-30 | 35.54% |
| 2013-03-31 | 35.49% |
| 2012-12-31 | 37.14% |
| 2012-09-30 | 37.01% |
| 2012-06-30 | 32.15% |
| 2012-03-31 | 36.06% |
| 2011-12-31 | 29.25% |
| 2011-09-30 | 34.52% |
| 2011-06-30 | 61.59% |
| 2011-03-31 | 35.31% |
| 2010-12-31 | 34.61% |
| 2010-09-30 | 32.80% |
| 2010-06-30 | 22.86% |
| 2010-03-31 | 36.53% |
| 2009-12-31 | 32.47% |
| 2009-09-30 | 28.53% |
| 2009-06-30 | 37.09% |
| 2009-03-31 | 38.71% |
| 2008-12-31 | 30.78% |
| 2008-09-30 | 36.16% |
| 2008-06-30 | 36.78% |
| 2008-03-31 | 37.28% |
| 2007-12-31 | 28.66% |
| 2007-09-30 | 30.24% |
| 2007-06-30 | 33.50% |
| 2007-03-31 | 37.47% |
| 2006-12-31 | 26.61% |
| 2006-09-30 | 34.12% |
| 2006-06-30 | 33.50% |
| 2006-03-31 | 12.83% |
| 2005-12-31 | 30.68% |
| 2005-09-30 | 27.39% |
| 2005-06-30 | 28.72% |
| 2005-03-31 | 33.15% |
| 2004-12-31 | 35.50% |
| 2004-09-30 | 33.44% |
| 2004-06-30 | 26.55% |
| 2004-03-31 | 34.58% |
| 2003-12-31 | 34.70% |
| 2003-09-30 | 34.50% |
| 2003-06-30 | 35.18% |
| 2003-03-31 | 35.21% |
| 2002-12-31 | 35.49% |
| 2002-09-30 | 35.50% |
| 2002-06-30 | 35.50% |
