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 23.07% is in line with its 5-year average of 22.27%, around the middle of its 5-year range (18.90%–26.48%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.65% above its 12-month average of 22.26%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.07%
TAX RATE AVG TTM
22.26%
TAX RATE AVG 3Y
22.68%
TAX RATE AVG 5Y
22.27%
TAX RATE AVG 10Y
21.98%
TAX RATE AVG 15Y
23.87%
TAX RATE AVG 20Y
24.78%
CURRENT VS TTM AVG
+3.65%
CURRENT VS 3Y AVG
+1.69%
CURRENT VS 5Y AVG
+3.56%
CURRENT VS 10Y AVG
+4.96%
CURRENT VS 15Y AVG
-3.37%
CURRENT VS 20Y AVG
-6.91%
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 | 23.07% |
| 2026-03-31 | 19.58% |
| 2025-12-31 | 23.19% |
| 2025-09-30 | 22.78% |
| 2025-06-30 | 22.65% |
| 2025-03-31 | 21.16% |
| 2024-12-31 | 24.09% |
| 2024-09-30 | 23.57% |
| 2024-06-30 | 23.49% |
| 2024-03-31 | 21.23% |
| 2023-12-31 | 26.48% |
| 2023-09-30 | 22.58% |
| 2023-06-30 | 21.02% |
| 2023-03-31 | 19.34% |
| 2022-12-31 | 18.90% |
| 2022-09-30 | 21.43% |
| 2022-06-30 | 23.59% |
| 2022-03-31 | 19.03% |
| 2021-12-31 | 23.91% |
| 2021-09-30 | 23.59% |
| 2021-06-30 | 23.08% |
| 2021-03-31 | 22.01% |
| 2020-12-31 | 22.98% |
| 2020-09-30 | 21.11% |
| 2020-06-30 | 25.69% |
| 2020-03-31 | 17.05% |
| 2019-12-31 | 15.66% |
| 2019-09-30 | 18.15% |
| 2019-06-30 | 22.63% |
| 2019-03-31 | 16.48% |
| 2018-12-31 | 16.16% |
| 2018-09-30 | 24.41% |
| 2018-06-30 | 20.59% |
| 2018-03-31 | 20.88% |
| 2017-12-31 | 73.25% |
| 2017-09-30 | 28.08% |
| 2017-06-30 | 32.02% |
| 2017-03-31 | 29.02% |
| 2016-12-31 | 25.20% |
| 2016-09-30 | 31.46% |
| 2016-06-30 | 33.55% |
| 2016-03-31 | 33.26% |
| 2015-12-31 | 34.47% |
| 2015-09-30 | 28.70% |
| 2015-06-30 | 32.78% |
| 2015-03-31 | 13.56% |
| 2014-09-30 | 20.86% |
| 2014-06-30 | 0.78% |
| 2014-03-31 | 33.12% |
| 2013-09-30 | 26.59% |
| 2013-06-30 | 31.96% |
| 2013-03-31 | 21.04% |
| 2012-12-31 | 0.59% |
| 2012-06-30 | 23.91% |
| 2012-03-31 | 26.73% |
| 2011-09-30 | 38.40% |
| 2011-06-30 | 27.31% |
| 2011-03-31 | -27.08% |
| 2010-12-31 | 7.48% |
| 2010-09-30 | -2.87% |
| 2010-06-30 | 14.09% |
| 2010-03-31 | 17.34% |
| 2009-12-31 | 23.87% |
| 2009-09-30 | 34.90% |
| 2008-08-31 | 27.15% |
| 2008-05-31 | 29.97% |
| 2008-02-29 | 30.01% |
| 2007-08-31 | 34.37% |
| 2007-05-31 | 32.56% |
| 2007-02-28 | 33.01% |
| 2006-11-30 | 7.14% |
| 2006-08-31 | 29.86% |
| 2006-05-31 | 36.66% |
| 2006-02-28 | 33.00% |
| 2005-11-30 | 15.41% |
| 2005-08-31 | 28.77% |
| 2005-05-31 | 29.84% |
| 2005-02-28 | 33.28% |
| 2004-11-30 | 25.53% |
| 2004-08-31 | 28.34% |
| 2004-05-31 | 28.92% |
| 2004-02-29 | 31.04% |
| 2003-11-30 | 17.22% |
| 2003-08-31 | 24.85% |
| 2003-05-31 | 31.54% |
| 2003-02-28 | 35.54% |
| 2002-11-30 | 35.51% |
| 2002-08-31 | 35.55% |
