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 23.05% is in line with its 5-year average of 23.17%, around the middle of its 5-year range (20.03%–25.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.00% above its 12-month average of 22.82%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.05%
TAX RATE AVG TTM
22.82%
TAX RATE AVG 3Y
23.04%
TAX RATE AVG 5Y
23.46%
TAX RATE AVG 10Y
23.59%
TAX RATE AVG 15Y
28.39%
TAX RATE AVG 20Y
28.73%
CURRENT VS TTM AVG
+1.00%
CURRENT VS 3Y AVG
+0.05%
CURRENT VS 5Y AVG
-1.77%
CURRENT VS 10Y AVG
-2.31%
CURRENT VS 15Y AVG
-18.81%
CURRENT VS 20Y AVG
-19.79%
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 | 23.05% |
| 2026-03-31 | 23.06% |
| 2025-12-31 | 21.83% |
| 2025-09-30 | 22.73% |
| 2025-06-30 | 23.42% |
| 2025-03-31 | 23.26% |
| 2024-12-31 | 22.79% |
| 2024-09-30 | 20.68% |
| 2024-06-30 | 23.39% |
| 2024-03-31 | 20.03% |
| 2023-12-31 | 22.90% |
| 2023-09-30 | 23.93% |
| 2023-06-30 | 25.19% |
| 2023-03-31 | 24.19% |
| 2022-12-31 | 24.27% |
| 2022-09-30 | 23.71% |
| 2022-06-30 | 21.66% |
| 2022-03-31 | 23.80% |
| 2021-12-31 | 23.66% |
| 2021-09-30 | 24.59% |
| 2021-06-30 | 24.36% |
| 2021-03-31 | 24.52% |
| 2020-12-31 | 24.07% |
| 2020-09-30 | 23.57% |
| 2020-06-30 | 22.83% |
| 2020-03-31 | 23.14% |
| 2019-12-31 | 24.40% |
| 2019-09-30 | 24.40% |
| 2019-06-30 | 24.34% |
| 2019-03-31 | 23.91% |
| 2018-12-31 | 21.90% |
| 2018-09-30 | 24.45% |
| 2018-06-30 | 24.67% |
| 2018-03-31 | 22.99% |
| 2017-12-31 | 48.72% |
| 2017-09-30 | 38.69% |
| 2017-06-30 | 36.11% |
| 2017-03-31 | 32.67% |
| 2016-12-31 | 35.20% |
| 2016-09-30 | 36.40% |
| 2016-06-30 | 36.62% |
| 2016-03-31 | 36.18% |
| 2015-12-31 | 34.08% |
| 2015-09-30 | 35.50% |
| 2015-06-30 | 36.79% |
| 2015-03-31 | 35.64% |
| 2014-12-31 | 33.98% |
| 2014-09-30 | 35.34% |
| 2014-06-30 | 33.55% |
| 2014-03-31 | 35.36% |
| 2013-12-31 | 32.42% |
| 2013-09-30 | 33.66% |
| 2013-06-30 | 34.34% |
| 2013-03-31 | 34.00% |
| 2012-12-31 | 33.51% |
| 2012-09-30 | 34.26% |
| 2012-06-30 | 33.74% |
| 2012-03-31 | 33.06% |
| 2011-12-31 | 27.19% |
| 2011-09-30 | 30.92% |
| 2011-06-30 | 28.04% |
| 2011-03-31 | 33.17% |
| 2010-12-31 | 33.35% |
| 2010-09-30 | 33.01% |
| 2010-06-30 | 32.52% |
| 2010-03-31 | 31.28% |
| 2009-12-31 | 31.98% |
| 2009-09-30 | 25.70% |
| 2009-06-30 | 18.11% |
| 2009-03-31 | 23.37% |
| 2008-12-31 | 21.15% |
| 2008-09-30 | -37.76% |
| 2008-06-30 | 32.69% |
| 2008-03-31 | 33.88% |
| 2007-12-31 | 22.91% |
| 2007-09-30 | 32.72% |
| 2007-06-30 | 33.57% |
| 2007-03-31 | 32.54% |
| 2006-12-31 | 31.48% |
| 2006-09-30 | 31.06% |
| 2006-06-30 | 32.56% |
| 2006-03-31 | 32.35% |
| 2005-12-31 | 33.03% |
| 2005-09-30 | 33.29% |
| 2005-06-30 | 32.92% |
| 2005-03-31 | 33.58% |
| 2004-12-31 | 33.68% |
| 2004-09-30 | 28.37% |
| 2004-06-30 | 33.89% |
| 2004-03-31 | 32.84% |
| 2003-12-31 | 32.89% |
| 2003-09-30 | 32.50% |
| 2003-06-30 | 31.83% |
| 2003-03-31 | 32.85% |
| 2002-12-31 | 32.46% |
| 2002-09-30 | 32.13% |
