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 21.90% is in line with its 5-year average of 20.25%, near the high end of its 5-year range (16.70%–21.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.35% above its 12-month average of 21.61%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.90%
TAX RATE AVG TTM
21.61%
TAX RATE AVG 3Y
20.82%
TAX RATE AVG 5Y
20.61%
TAX RATE AVG 10Y
20.67%
TAX RATE AVG 15Y
21.19%
TAX RATE AVG 20Y
21.33%
CURRENT VS TTM AVG
+1.35%
CURRENT VS 3Y AVG
+5.18%
CURRENT VS 5Y AVG
+6.27%
CURRENT VS 10Y AVG
+5.93%
CURRENT VS 15Y AVG
+3.36%
CURRENT VS 20Y AVG
+2.68%
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 | 21.90% |
| 2025-12-31 | 21.34% |
| 2025-09-30 | 21.60% |
| 2025-06-30 | 21.60% |
| 2025-03-31 | 21.60% |
| 2024-12-31 | 20.61% |
| 2024-09-30 | 20.60% |
| 2024-06-30 | 20.85% |
| 2024-03-31 | 20.40% |
| 2023-12-31 | 20.48% |
| 2023-09-30 | 19.90% |
| 2023-06-30 | 19.90% |
| 2023-03-31 | 19.90% |
| 2022-12-31 | 16.70% |
| 2022-09-30 | 20.11% |
| 2022-06-30 | 20.70% |
| 2022-03-31 | 20.70% |
| 2021-12-31 | 16.94% |
| 2021-09-30 | 19.81% |
| 2021-06-30 | 18.73% |
| 2021-03-31 | 20.80% |
| 2020-12-31 | 22.36% |
| 2020-09-30 | 18.86% |
| 2020-06-30 | 20.80% |
| 2020-03-31 | 20.80% |
| 2019-12-31 | 21.32% |
| 2019-09-30 | 15.80% |
| 2019-06-30 | 21.00% |
| 2019-03-31 | 21.00% |
| 2018-12-31 | 18.06% |
| 2018-09-30 | 18.86% |
| 2018-06-30 | 17.24% |
| 2018-03-31 | 21.00% |
| 2017-12-31 | 21.93% |
| 2017-09-30 | 21.60% |
| 2017-06-30 | 21.29% |
| 2017-03-31 | 21.90% |
| 2016-12-31 | 20.50% |
| 2016-09-30 | 20.31% |
| 2016-06-30 | 20.90% |
| 2016-03-31 | 20.90% |
| 2015-12-31 | 19.93% |
| 2015-09-30 | 17.29% |
| 2015-06-30 | 20.90% |
| 2015-03-31 | 20.90% |
| 2014-12-31 | 21.83% |
| 2014-09-30 | 23.11% |
| 2014-06-30 | 22.19% |
| 2014-03-31 | 22.20% |
| 2013-12-31 | 22.30% |
| 2013-09-30 | 22.70% |
| 2013-06-30 | 22.43% |
| 2013-03-31 | 23.00% |
| 2012-12-31 | 22.77% |
| 2012-09-30 | 22.99% |
| 2012-06-30 | 23.00% |
| 2012-03-31 | 23.00% |
| 2011-12-31 | 19.31% |
| 2011-09-30 | 23.00% |
| 2011-06-30 | 22.99% |
| 2011-03-31 | 23.01% |
| 2010-12-31 | 16.13% |
| 2010-09-30 | 23.00% |
| 2010-06-30 | 23.00% |
| 2010-03-31 | 23.00% |
| 2009-12-31 | 22.36% |
| 2009-09-30 | 23.62% |
| 2009-06-30 | 22.99% |
| 2009-03-31 | 23.00% |
| 2008-12-31 | 24.15% |
| 2008-09-30 | 24.02% |
| 2008-06-30 | 24.05% |
| 2008-03-31 | 23.99% |
| 2007-12-31 | 27.56% |
| 2007-09-30 | 23.58% |
| 2007-06-30 | 16.90% |
| 2007-03-31 | 28.00% |
| 2006-12-31 | 28.38% |
| 2006-09-30 | 29.93% |
| 2006-06-30 | 29.98% |
| 2006-03-31 | 29.89% |
| 2005-12-31 | 28.90% |
| 2005-09-30 | 27.51% |
| 2005-06-30 | 28.16% |
| 2005-03-31 | 31.19% |
| 2004-12-31 | 32.11% |
| 2004-09-30 | 33.33% |
| 2004-06-30 | 33.23% |
| 2004-03-31 | 32.95% |
| 2003-03-31 | 0.00% |
