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 22.62% is in line with its 5-year average of 22.28%, near the high end of its 5-year range (17.72%–23.90%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.40% above its 12-month average of 22.09%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.62%
TAX RATE AVG TTM
22.09%
TAX RATE AVG 3Y
22.19%
TAX RATE AVG 5Y
22.28%
TAX RATE AVG 10Y
22.09%
TAX RATE AVG 15Y
28.18%
TAX RATE AVG 20Y
30.60%
CURRENT VS TTM AVG
+2.40%
CURRENT VS 3Y AVG
+1.93%
CURRENT VS 5Y AVG
+1.53%
CURRENT VS 10Y AVG
+2.40%
CURRENT VS 15Y AVG
-19.73%
CURRENT VS 20Y AVG
-26.09%
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 | 22.62% |
| 2026-03-31 | 22.55% |
| 2025-12-31 | 21.47% |
| 2025-09-30 | 21.41% |
| 2025-06-30 | 22.39% |
| 2025-03-31 | 21.31% |
| 2024-12-31 | 19.57% |
| 2024-09-30 | 21.52% |
| 2024-06-30 | 23.25% |
| 2024-03-31 | 21.87% |
| 2023-12-31 | 17.72% |
| 2023-09-30 | 23.25% |
| 2023-06-30 | 22.46% |
| 2023-03-31 | 23.70% |
| 2022-12-31 | 18.21% |
| 2022-09-30 | 23.16% |
| 2022-06-30 | 23.84% |
| 2022-03-31 | 23.90% |
| 2021-12-31 | 19.44% |
| 2021-09-30 | 22.47% |
| 2021-06-30 | 23.10% |
| 2021-03-31 | 23.52% |
| 2020-12-31 | 21.40% |
| 2020-09-30 | 23.19% |
| 2020-06-30 | 24.09% |
| 2020-03-31 | 20.87% |
| 2019-12-31 | 20.62% |
| 2019-09-30 | 22.04% |
| 2019-06-30 | 23.93% |
| 2019-03-31 | 22.46% |
| 2018-12-31 | 23.60% |
| 2018-09-30 | 19.64% |
| 2018-06-30 | 21.52% |
| 2018-03-31 | 22.89% |
| 2017-12-31 | 19.75% |
| 2017-09-30 | 35.45% |
| 2017-06-30 | 35.18% |
| 2017-03-31 | 31.23% |
| 2016-12-31 | 37.07% |
| 2016-09-30 | 35.52% |
| 2016-06-30 | 36.94% |
| 2016-03-31 | 37.03% |
| 2015-12-31 | 37.48% |
| 2015-09-30 | 33.58% |
| 2015-06-30 | 37.26% |
| 2015-03-31 | 36.96% |
| 2014-12-31 | 37.38% |
| 2014-09-30 | 34.70% |
| 2014-06-30 | 36.68% |
| 2014-03-31 | 36.77% |
| 2013-12-31 | 37.54% |
| 2013-09-30 | 35.31% |
| 2013-06-30 | 38.09% |
| 2013-03-31 | 35.86% |
| 2012-12-31 | 37.56% |
| 2012-09-30 | 37.27% |
| 2012-06-30 | 37.84% |
| 2012-03-31 | 38.49% |
| 2011-12-31 | 37.76% |
| 2011-09-30 | 36.84% |
| 2011-06-30 | 38.35% |
| 2011-03-31 | 38.33% |
| 2010-12-31 | 37.52% |
| 2010-09-30 | 38.72% |
| 2010-06-30 | 41.91% |
| 2010-03-31 | 38.49% |
| 2009-12-31 | 37.98% |
| 2009-09-30 | 37.37% |
| 2009-06-30 | 38.68% |
| 2009-03-31 | 38.51% |
| 2008-12-31 | 37.75% |
| 2008-09-30 | 41.81% |
| 2008-06-30 | 37.36% |
| 2008-03-31 | 37.14% |
| 2007-12-31 | 37.06% |
| 2007-09-30 | 36.40% |
| 2007-06-30 | 36.97% |
| 2007-03-31 | 37.28% |
| 2006-12-31 | 36.95% |
| 2006-09-30 | 36.49% |
| 2006-06-30 | 37.10% |
| 2006-03-31 | 37.12% |
| 2005-12-31 | 37.10% |
| 2005-09-30 | 27.45% |
| 2005-06-30 | 37.18% |
| 2005-03-31 | 37.23% |
| 2004-12-31 | 37.22% |
| 2004-09-30 | 37.30% |
| 2004-06-30 | 37.37% |
| 2004-03-31 | 37.39% |
| 2003-12-31 | 37.44% |
| 2003-09-30 | 37.41% |
| 2003-06-30 | 37.49% |
| 2003-03-31 | 37.53% |
| 2002-12-31 | 35.98% |
| 2002-09-30 | 37.82% |
