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 24.11% is in line with its 5-year average of 24.01%, near the high end of its 5-year range (22.30%–24.85%).
As of the fiscal period ended Sunday, May 31, 2026. 1.47% above its 12-month average of 23.76%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.11%
TAX RATE AVG TTM
23.76%
TAX RATE AVG 3Y
24.01%
TAX RATE AVG 5Y
24.01%
TAX RATE AVG 10Y
23.85%
TAX RATE AVG 15Y
29.00%
TAX RATE AVG 20Y
30.03%
CURRENT VS TTM AVG
+1.47%
CURRENT VS 3Y AVG
+0.42%
CURRENT VS 5Y AVG
+0.41%
CURRENT VS 10Y AVG
+1.06%
CURRENT VS 15Y AVG
-16.88%
CURRENT VS 20Y AVG
-19.72%
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 |
|---|---|
| 2026-05-31 | 24.11% |
| 2026-02-28 | 24.18% |
| 2025-11-30 | 23.99% |
| 2025-08-31 | 22.85% |
| 2025-05-31 | 23.66% |
| 2025-02-28 | 24.28% |
| 2024-11-30 | 23.97% |
| 2024-08-31 | 23.28% |
| 2024-05-31 | 22.75% |
| 2024-02-29 | 24.36% |
| 2023-11-30 | 24.17% |
| 2023-08-31 | 23.66% |
| 2023-05-31 | 24.42% |
| 2023-02-28 | 24.30% |
| 2022-11-30 | 24.18% |
| 2022-08-31 | 22.93% |
| 2022-05-31 | 23.77% |
| 2022-02-28 | 22.30% |
| 2021-11-30 | 24.11% |
| 2021-08-31 | 24.85% |
| 2021-05-31 | 23.97% |
| 2021-02-28 | 24.23% |
| 2020-11-30 | 22.08% |
| 2020-08-31 | 23.36% |
| 2020-05-31 | 24.31% |
| 2020-02-29 | 23.63% |
| 2019-11-30 | 23.23% |
| 2019-08-31 | 23.26% |
| 2019-05-31 | 25.80% |
| 2019-02-28 | 23.73% |
| 2018-11-30 | 23.76% |
| 2018-08-31 | 24.49% |
| 2018-05-31 | 28.66% |
| 2018-02-28 | 11.67% |
| 2017-11-30 | 35.01% |
| 2017-08-31 | 34.37% |
| 2017-05-31 | 35.01% |
| 2017-02-28 | 34.21% |
| 2016-11-30 | 35.22% |
| 2016-08-31 | 33.00% |
| 2016-05-31 | 35.49% |
| 2016-02-29 | 35.96% |
| 2015-11-30 | 36.04% |
| 2015-08-31 | 29.71% |
| 2015-05-31 | 36.44% |
| 2015-02-28 | 36.29% |
| 2014-11-30 | 36.30% |
| 2014-08-31 | 36.30% |
| 2014-05-31 | 36.48% |
| 2014-02-28 | 36.52% |
| 2013-11-30 | 36.49% |
| 2013-08-31 | 36.48% |
| 2013-05-31 | 42.07% |
| 2013-02-28 | 36.17% |
| 2012-11-30 | 36.22% |
| 2012-08-31 | 36.18% |
| 2012-05-31 | 37.63% |
| 2012-02-29 | 36.13% |
| 2011-11-30 | 36.01% |
| 2011-08-31 | 35.60% |
| 2011-05-31 | 35.45% |
| 2011-02-28 | 34.83% |
| 2010-11-30 | 34.81% |
| 2010-08-31 | 34.77% |
| 2010-05-31 | 33.95% |
| 2010-02-28 | 33.89% |
| 2009-11-30 | 35.20% |
| 2009-08-31 | 35.20% |
| 2009-05-31 | 35.02% |
| 2009-02-28 | 34.10% |
| 2008-11-30 | 34.41% |
| 2008-08-31 | 33.80% |
| 2008-05-31 | 32.60% |
| 2008-02-29 | 33.42% |
| 2007-11-30 | 32.20% |
| 2007-08-31 | 32.20% |
| 2007-05-31 | 29.49% |
| 2007-02-28 | 31.00% |
| 2006-11-30 | 31.00% |
| 2006-08-31 | 31.00% |
| 2006-05-31 | 30.25% |
| 2006-02-28 | 31.40% |
| 2005-11-30 | 31.40% |
| 2005-08-31 | 31.40% |
| 2005-05-31 | 31.02% |
| 2005-02-28 | 33.00% |
| 2004-11-30 | 33.00% |
| 2004-08-31 | 33.00% |
| 2004-05-31 | 32.69% |
| 2004-02-29 | 32.70% |
| 2003-11-30 | 32.70% |
| 2003-08-31 | 32.50% |
| 2003-05-31 | 32.00% |
| 2003-02-28 | 32.00% |
| 2002-11-30 | 32.50% |
| 2002-08-31 | 31.50% |
