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 28.85% is 13% above its 5-year average of 25.55%, near the high end of its 5-year range (-199.37%–34.22%).
As of the fiscal period ended Sunday, December 31, 2023. 3.46% above its 12-month average of 27.89%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2023 (2023-12-31): 28.85%.
TAX RATE
28.85%
TAX RATE AVG TTM
27.89%
TAX RATE AVG 3Y
-0.10%
TAX RATE AVG 5Y
25.55%
TAX RATE AVG 10Y
32.12%
TAX RATE AVG 15Y
20.29%
TAX RATE AVG 20Y
33.99%
CURRENT VS TTM AVG
+3.46%
CURRENT VS 3Y AVG
+28856.56%
CURRENT VS 5Y AVG
+12.91%
CURRENT VS 10Y AVG
-10.17%
CURRENT VS 15Y AVG
+42.18%
CURRENT VS 20Y AVG
-15.11%
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 |
|---|---|
| 2023-12-31 | 28.85% |
| 2022-12-31 | 26.92% |
| 2022-09-30 | 6.32% |
| 2022-06-30 | 27.34% |
| 2022-03-31 | 27.99% |
| 2021-12-31 | -199.37% |
| 2021-09-30 | 26.58% |
| 2021-06-30 | 27.26% |
| 2021-03-31 | 27.20% |
| 2019-09-30 | 22.86% |
| 2019-03-31 | 34.22% |
| 2018-12-31 | -50.93% |
| 2018-09-30 | 26.41% |
| 2018-06-30 | 26.84% |
| 2018-03-31 | 24.41% |
| 2017-12-31 | 45.55% |
| 2017-09-30 | 39.38% |
| 2017-06-30 | 41.87% |
| 2017-03-31 | 39.64% |
| 2016-12-31 | 37.87% |
| 2016-09-30 | 38.89% |
| 2016-03-31 | 39.03% |
| 2015-12-31 | 34.88% |
| 2015-09-30 | 39.89% |
| 2015-06-30 | 39.61% |
| 2015-03-31 | 41.02% |
| 2014-06-30 | 0.00% |
| 2014-03-31 | 0.00% |
| 2013-12-31 | -50.26% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2008-06-30 | 11.80% |
| 2008-03-31 | 25.66% |
| 2007-12-31 | 31.09% |
| 2007-09-30 | 38.82% |
| 2007-06-30 | 38.89% |
| 2007-03-31 | 38.77% |
| 2006-12-31 | 29.53% |
| 2006-09-30 | 36.77% |
| 2006-06-30 | 36.75% |
| 2006-03-31 | 36.67% |
| 2005-12-31 | 40.51% |
| 2005-09-30 | 40.49% |
| 2005-06-30 | 40.50% |
| 2005-03-31 | 40.44% |
| 2004-12-31 | 40.37% |
| 2004-09-30 | 40.33% |
| 2004-06-30 | 40.35% |
| 2004-03-31 | 41.48% |
| 2003-12-31 | 41.39% |
| 2003-09-30 | 38.53% |
| 2003-06-30 | 39.39% |
| 2003-03-31 | 38.93% |
| 2002-12-31 | 38.06% |
| 2002-09-30 | 38.00% |
