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 18.51% is 12% below its 5-year average of 20.97%, near the high end of its 5-year range (-9.09%–23.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.95% below its 12-month average of 18.88%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.51%
TAX RATE AVG TTM
18.88%
TAX RATE AVG 3Y
20.40%
TAX RATE AVG 5Y
20.97%
TAX RATE AVG 10Y
21.56%
TAX RATE AVG 15Y
23.38%
TAX RATE AVG 20Y
24.25%
CURRENT VS TTM AVG
-1.95%
CURRENT VS 3Y AVG
-9.27%
CURRENT VS 5Y AVG
-11.75%
CURRENT VS 10Y AVG
-14.18%
CURRENT VS 15Y AVG
-20.84%
CURRENT VS 20Y AVG
-23.67%
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 | 18.51% |
| 2026-03-31 | 19.21% |
| 2025-12-31 | 20.58% |
| 2025-09-30 | 22.31% |
| 2025-06-30 | 13.77% |
| 2025-03-31 | 3.38% |
| 2024-12-31 | 18.63% |
| 2024-09-30 | 20.19% |
| 2024-06-30 | 20.37% |
| 2024-03-31 | 21.01% |
| 2023-12-31 | 21.44% |
| 2023-09-30 | 20.64% |
| 2023-06-30 | 21.49% |
| 2023-03-31 | 21.87% |
| 2022-12-31 | 23.47% |
| 2022-09-30 | 22.91% |
| 2022-06-30 | -9.09% |
| 2022-03-31 | 19.79% |
| 2021-12-31 | 20.92% |
| 2021-09-30 | 21.04% |
| 2021-06-30 | 23.09% |
| 2021-03-31 | 21.04% |
| 2020-12-31 | 22.38% |
| 2020-09-30 | 22.52% |
| 2020-06-30 | 20.20% |
| 2020-03-31 | 19.11% |
| 2019-12-31 | 19.69% |
| 2019-09-30 | 21.73% |
| 2019-06-30 | 19.40% |
| 2019-03-31 | 22.26% |
| 2018-12-31 | 27.66% |
| 2018-09-30 | 18.23% |
| 2018-06-30 | 29.04% |
| 2018-03-31 | 22.07% |
| 2017-12-31 | 84.36% |
| 2017-09-30 | 23.72% |
| 2017-06-30 | 26.77% |
| 2017-03-31 | 24.19% |
| 2016-12-31 | 24.73% |
| 2016-09-30 | 28.06% |
| 2016-06-30 | 28.05% |
| 2016-03-31 | 31.45% |
| 2015-12-31 | 20.33% |
| 2015-09-30 | 29.25% |
| 2015-06-30 | 40.92% |
| 2015-03-31 | 26.50% |
| 2014-12-31 | 22.12% |
| 2014-09-30 | 29.36% |
| 2014-06-30 | 26.15% |
| 2014-03-31 | 26.40% |
| 2013-12-31 | 48.84% |
| 2013-09-30 | 24.61% |
| 2013-06-30 | 27.46% |
| 2013-03-31 | 24.21% |
| 2012-12-31 | 31.04% |
| 2012-09-30 | 28.60% |
| 2012-06-30 | 28.93% |
| 2012-03-31 | 21.99% |
| 2011-12-31 | 28.50% |
| 2011-09-30 | 27.56% |
| 2011-06-30 | 22.74% |
| 2011-03-31 | 27.73% |
| 2010-12-31 | 24.30% |
| 2010-09-30 | 25.96% |
| 2010-06-30 | 23.65% |
| 2010-03-31 | 25.20% |
| 2009-12-31 | 26.20% |
| 2009-09-30 | 35.13% |
| 2009-06-30 | 23.01% |
| 2009-03-31 | 14.57% |
| 2008-12-31 | 21.46% |
| 2008-09-30 | 29.87% |
| 2008-06-30 | 28.82% |
| 2008-03-31 | 28.61% |
| 2007-12-31 | 28.47% |
| 2007-09-30 | 27.74% |
| 2007-06-30 | 27.10% |
| 2007-03-31 | 29.03% |
| 2006-12-31 | 27.12% |
| 2006-09-30 | 30.19% |
| 2006-06-30 | 29.19% |
| 2006-03-31 | 30.40% |
| 2005-12-31 | 26.49% |
| 2005-09-30 | 29.50% |
| 2005-06-30 | 26.45% |
| 2005-03-31 | 25.81% |
| 2004-12-31 | 28.85% |
| 2004-09-30 | 29.62% |
| 2004-06-30 | 32.40% |
| 2004-03-31 | 24.30% |
| 2003-12-31 | 31.46% |
| 2003-09-30 | 33.00% |
| 2003-06-30 | 33.39% |
| 2003-03-31 | 34.20% |
| 2002-12-31 | 35.31% |
| 2002-09-30 | 33.50% |
