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 19.29% is in line with its 5-year average of 20.55%, around the middle of its 5-year range (11.02%–26.73%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.09% below its 12-month average of 19.70%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.29%
TAX RATE AVG TTM
19.70%
TAX RATE AVG 3Y
20.35%
TAX RATE AVG 5Y
20.46%
TAX RATE AVG 10Y
21.18%
TAX RATE AVG 15Y
23.12%
TAX RATE AVG 20Y
23.77%
CURRENT VS TTM AVG
-2.09%
CURRENT VS 3Y AVG
-5.22%
CURRENT VS 5Y AVG
-5.76%
CURRENT VS 10Y AVG
-8.94%
CURRENT VS 15Y AVG
-16.59%
CURRENT VS 20Y AVG
-18.86%
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 | 19.29% |
| 2025-12-31 | 18.90% |
| 2025-09-30 | 20.10% |
| 2025-06-30 | 20.43% |
| 2025-03-31 | 19.77% |
| 2024-12-31 | 18.06% |
| 2024-09-30 | 21.32% |
| 2024-06-30 | 20.83% |
| 2024-03-31 | 20.88% |
| 2023-12-31 | 11.02% |
| 2023-09-30 | 20.14% |
| 2023-06-30 | 22.76% |
| 2023-03-31 | 21.70% |
| 2022-12-31 | 26.73% |
| 2022-09-30 | 19.07% |
| 2022-06-30 | 21.19% |
| 2022-03-31 | 21.33% |
| 2021-12-31 | 25.26% |
| 2021-09-30 | 19.62% |
| 2021-03-31 | 22.52% |
| 2020-12-31 | 21.41% |
| 2020-09-30 | 58.51% |
| 2020-06-30 | 20.73% |
| 2020-03-31 | 23.02% |
| 2019-12-31 | 18.20% |
| 2019-09-30 | 19.90% |
| 2019-06-30 | 16.00% |
| 2019-03-31 | 21.28% |
| 2018-12-31 | 18.79% |
| 2018-09-30 | 18.80% |
| 2018-06-30 | 21.61% |
| 2018-03-31 | 20.56% |
| 2017-12-31 | 85.58% |
| 2017-09-30 | 24.63% |
| 2017-06-30 | 20.65% |
| 2017-03-31 | 24.25% |
| 2016-12-31 | 22.89% |
| 2016-09-30 | 22.71% |
| 2016-06-30 | 28.44% |
| 2016-03-31 | 27.12% |
| 2015-12-31 | 7.53% |
| 2015-09-30 | 26.67% |
| 2015-06-30 | 22.12% |
| 2015-03-31 | 28.22% |
| 2014-12-31 | 32.14% |
| 2014-09-30 | 32.90% |
| 2014-06-30 | 41.92% |
| 2014-03-31 | 26.03% |
| 2013-09-30 | 16.70% |
| 2013-06-30 | 21.25% |
| 2013-03-31 | 26.77% |
| 2012-12-31 | 33.46% |
| 2012-09-30 | 4.57% |
| 2012-06-30 | 24.11% |
| 2012-03-31 | 32.21% |
| 2011-12-31 | 36.39% |
| 2011-09-30 | 19.68% |
| 2011-06-30 | 32.32% |
| 2011-03-31 | 35.68% |
| 2010-12-31 | 24.72% |
| 2010-09-30 | 5.85% |
| 2010-06-30 | 7.61% |
| 2010-03-31 | 33.78% |
| 2009-12-31 | 16.76% |
| 2009-09-30 | 32.89% |
| 2009-03-31 | 28.74% |
| 2008-12-31 | 35.39% |
| 2008-09-30 | 21.35% |
| 2008-06-30 | 33.22% |
| 2008-03-31 | 33.95% |
| 2007-12-31 | 26.03% |
| 2007-09-30 | 20.66% |
| 2007-06-30 | 11.27% |
| 2007-03-31 | 23.79% |
| 2006-12-31 | 23.93% |
| 2006-09-30 | 16.99% |
| 2006-06-30 | 29.63% |
| 2006-03-31 | 25.96% |
| 2005-12-31 | -9.04% |
| 2005-09-30 | 24.71% |
| 2005-06-30 | 18.35% |
| 2005-03-31 | 16.67% |
| 2004-12-31 | 11.06% |
| 2004-09-30 | 27.41% |
| 2004-06-30 | 16.22% |
| 2004-03-31 | 28.80% |
| 2003-12-31 | -13.27% |
| 2003-09-30 | 32.68% |
| 2003-06-30 | 29.52% |
| 2003-03-31 | 28.16% |
| 2002-12-31 | 10.88% |
| 2002-09-30 | 36.11% |
