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 24.20% is in line with its 5-year average of 23.66%, near the high end of its 5-year range (15.25%–27.10%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.74% above its 12-month average of 23.33%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q1 FY2026 (2026-03-31): 24.20%.
TAX RATE
24.20%
TAX RATE AVG TTM
23.33%
TAX RATE AVG 3Y
23.42%
TAX RATE AVG 5Y
23.66%
TAX RATE AVG 10Y
22.35%
TAX RATE AVG 15Y
27.62%
TAX RATE AVG 20Y
29.02%
CURRENT VS TTM AVG
+3.74%
CURRENT VS 3Y AVG
+3.34%
CURRENT VS 5Y AVG
+2.30%
CURRENT VS 10Y AVG
+8.31%
CURRENT VS 15Y AVG
-12.38%
CURRENT VS 20Y AVG
-16.61%
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 | 24.20% |
| 2025-12-31 | 22.28% |
| 2025-09-30 | 22.87% |
| 2025-06-30 | 23.22% |
| 2025-03-31 | 24.08% |
| 2024-12-31 | 18.66% |
| 2024-09-30 | 22.86% |
| 2024-06-30 | 22.47% |
| 2024-03-31 | 27.10% |
| 2023-12-31 | 23.64% |
| 2023-09-30 | 23.93% |
| 2023-06-30 | 24.39% |
| 2023-03-31 | 23.68% |
| 2022-12-31 | 24.56% |
| 2022-09-30 | 24.07% |
| 2022-06-30 | 23.27% |
| 2022-03-31 | 23.64% |
| 2021-12-31 | 15.25% |
| 2021-09-30 | 23.33% |
| 2021-06-30 | 24.76% |
| 2021-03-31 | 24.62% |
| 2020-12-31 | 23.96% |
| 2020-06-30 | 23.98% |
| 2020-03-31 | 19.65% |
| 2019-12-31 | 11.94% |
| 2019-09-30 | 20.15% |
| 2019-06-30 | 19.04% |
| 2019-03-31 | 18.59% |
| 2018-12-31 | 13.77% |
| 2018-09-30 | 17.98% |
| 2018-06-30 | 16.12% |
| 2018-03-31 | 15.63% |
| 2017-12-31 | 50.57% |
| 2017-09-30 | 30.78% |
| 2017-06-30 | 29.22% |
| 2017-03-31 | 24.02% |
| 2016-12-31 | 33.02% |
| 2016-09-30 | 34.41% |
| 2016-06-30 | 34.50% |
| 2016-03-31 | 36.82% |
| 2015-12-31 | 34.68% |
| 2015-09-30 | 35.47% |
| 2015-06-30 | 35.12% |
| 2015-03-31 | 34.27% |
| 2014-12-31 | 33.56% |
| 2014-09-30 | 35.07% |
| 2014-06-30 | 35.10% |
| 2014-03-31 | 35.25% |
| 2013-12-31 | 28.79% |
| 2013-09-30 | 34.85% |
| 2013-06-30 | 35.74% |
| 2013-03-31 | 35.08% |
| 2012-12-31 | 34.44% |
| 2012-09-30 | 35.08% |
| 2012-06-30 | 35.79% |
| 2012-03-31 | 35.65% |
| 2011-12-31 | 35.52% |
| 2011-09-30 | 35.13% |
| 2011-06-30 | 35.87% |
| 2011-03-31 | 35.92% |
| 2010-12-31 | 22.68% |
| 2010-09-30 | 37.84% |
| 2010-06-30 | 36.81% |
| 2010-03-31 | 37.41% |
| 2009-12-31 | 32.37% |
| 2009-09-30 | 38.68% |
| 2009-06-30 | 38.68% |
| 2009-03-31 | 36.97% |
| 2008-12-31 | 29.14% |
| 2008-09-30 | 33.23% |
| 2008-06-30 | 30.88% |
| 2008-03-31 | 33.19% |
| 2007-12-31 | 32.01% |
| 2007-09-30 | 33.60% |
| 2006-09-30 | 34.57% |
| 2006-06-30 | 34.58% |
| 2006-03-31 | 34.81% |
| 2005-12-31 | 33.42% |
| 2005-09-30 | 35.01% |
| 2005-06-30 | 34.91% |
| 2005-03-31 | 35.19% |
| 2004-12-31 | 34.00% |
| 2004-09-30 | 35.44% |
| 2004-06-30 | 36.10% |
| 2004-03-31 | 35.54% |
| 2003-12-31 | 35.91% |
| 2003-09-30 | 35.97% |
| 2003-06-30 | 35.44% |
| 2003-03-31 | 35.00% |
| 2002-12-31 | 35.06% |
| 2002-09-30 | 27.84% |
