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 17.70% is 12% above its 5-year average of 15.75%, near the high end of its 5-year range (-1.78%–22.44%).
As of the fiscal period ended Tuesday, March 31, 2026. 15.53% above its 12-month average of 15.32%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
17.70%
TAX RATE AVG TTM
15.32%
TAX RATE AVG 3Y
16.33%
TAX RATE AVG 5Y
17.55%
TAX RATE AVG 10Y
20.48%
TAX RATE AVG 15Y
25.27%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+15.53%
CURRENT VS 3Y AVG
+8.40%
CURRENT VS 5Y AVG
+0.86%
CURRENT VS 10Y AVG
-13.58%
CURRENT VS 15Y AVG
-29.96%
CURRENT VS 20Y AVG
N/A
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 | 17.70% |
| 2025-12-31 | 15.82% |
| 2025-09-30 | 19.14% |
| 2025-06-30 | 14.27% |
| 2025-03-31 | 9.66% |
| 2024-12-31 | 12.39% |
| 2024-09-30 | 10.02% |
| 2024-06-30 | 16.02% |
| 2024-03-31 | 18.26% |
| 2023-12-31 | 17.82% |
| 2023-09-30 | 21.66% |
| 2023-06-30 | 18.43% |
| 2023-03-31 | 21.06% |
| 2022-12-31 | 21.61% |
| 2022-09-30 | 22.12% |
| 2022-06-30 | 22.44% |
| 2022-03-31 | 19.39% |
| 2021-12-31 | 18.03% |
| 2021-09-30 | -1.78% |
| 2021-06-30 | 0.84% |
| 2020-12-31 | -338.60% |
| 2020-06-30 | 64.10% |
| 2019-12-31 | 51.39% |
| 2019-09-30 | 18.64% |
| 2019-06-30 | 20.52% |
| 2019-03-31 | 28.65% |
| 2018-12-31 | 26.78% |
| 2018-09-30 | 19.09% |
| 2018-06-30 | 18.54% |
| 2018-03-31 | 8.56% |
| 2017-12-31 | -121.58% |
| 2017-09-30 | 29.25% |
| 2017-06-30 | 30.34% |
| 2017-03-31 | 28.87% |
| 2016-12-31 | 30.70% |
| 2016-09-30 | 25.51% |
| 2016-06-30 | 33.53% |
| 2015-12-31 | 28.51% |
| 2015-09-30 | 35.23% |
| 2015-06-30 | 33.99% |
| 2015-03-31 | 34.99% |
| 2014-12-31 | 32.18% |
| 2014-09-30 | 32.91% |
| 2014-06-30 | 34.60% |
| 2014-03-31 | 34.29% |
| 2013-12-31 | 34.88% |
| 2013-09-30 | 31.89% |
| 2013-06-30 | 34.54% |
| 2013-03-31 | 34.12% |
| 2012-12-31 | 33.65% |
| 2012-09-30 | 34.55% |
| 2012-06-30 | 36.90% |
| 2012-03-31 | 36.19% |
| 2011-09-30 | 35.03% |
| 2011-06-30 | 39.83% |
| 2011-03-31 | 35.64% |
| 2010-12-31 | 36.29% |
| 2010-09-30 | 36.90% |
| 2010-06-30 | 36.72% |
| 2009-09-30 | 38.01% |
