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 23.48% is 33% above its 5-year average of 17.63%, around the middle of its 5-year range (-110.66%–116.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.53% above its 12-month average of 22.04%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.48%
TAX RATE AVG TTM
22.04%
TAX RATE AVG 3Y
21.07%
TAX RATE AVG 5Y
19.17%
TAX RATE AVG 10Y
18.47%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+6.53%
CURRENT VS 3Y AVG
+11.44%
CURRENT VS 5Y AVG
+22.48%
CURRENT VS 10Y AVG
+27.12%
CURRENT VS 15Y AVG
N/A
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 |
|---|---|
| 2026-06-30 | 23.48% |
| 2026-03-31 | 20.63% |
| 2025-12-31 | 25.91% |
| 2025-09-30 | 17.48% |
| 2025-06-30 | 22.68% |
| 2025-03-31 | 21.97% |
| 2024-12-31 | 116.65% |
| 2024-09-30 | 22.34% |
| 2024-06-30 | 22.33% |
| 2024-03-31 | 21.47% |
| 2023-12-31 | -110.66% |
| 2023-09-30 | 17.61% |
| 2023-06-30 | 15.81% |
| 2023-03-31 | 18.51% |
| 2022-12-31 | 12.99% |
| 2022-09-30 | 16.53% |
| 2022-06-30 | 16.77% |
| 2022-03-31 | 17.62% |
| 2021-12-31 | 16.77% |
| 2021-09-30 | 16.42% |
| 2021-06-30 | 16.83% |
| 2021-03-31 | 8.79% |
| 2020-12-31 | 16.64% |
| 2020-06-30 | 26.70% |
| 2020-03-31 | 62.50% |
| 2019-12-31 | -4.36% |
| 2019-09-30 | 18.61% |
| 2019-06-30 | 17.81% |
| 2019-03-31 | 14.67% |
| 2018-12-31 | 8.09% |
| 2018-09-30 | 15.91% |
| 2018-06-30 | 14.93% |
| 2018-03-31 | 18.03% |
| 2017-12-31 | -154.90% |
| 2017-09-30 | 18.67% |
| 2017-06-30 | 19.66% |
| 2017-03-31 | 16.34% |
| 2016-12-31 | 20.00% |
