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 12.56% is 50% below its 5-year average of 24.99%, near the low end of its 5-year range (8.70%–29.13%).
As of the fiscal period ended Tuesday, March 31, 2026. 50.32% below its 12-month average of 25.29%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
12.56%
TAX RATE AVG TTM
25.29%
TAX RATE AVG 3Y
28.75%
TAX RATE AVG 5Y
28.10%
TAX RATE AVG 10Y
27.37%
TAX RATE AVG 15Y
32.36%
TAX RATE AVG 20Y
31.12%
CURRENT VS TTM AVG
-50.32%
CURRENT VS 3Y AVG
-56.31%
CURRENT VS 5Y AVG
-55.29%
CURRENT VS 10Y AVG
-54.11%
CURRENT VS 15Y AVG
-61.18%
CURRENT VS 20Y AVG
-59.63%
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 | 12.56% |
| 2025-12-31 | 28.06% |
| 2025-09-30 | 27.81% |
| 2025-06-30 | 29.00% |
| 2025-03-31 | 29.00% |
| 2024-12-31 | 29.13% |
| 2024-09-30 | 29.00% |
| 2024-06-30 | 29.00% |
| 2024-03-31 | 29.00% |
| 2023-12-31 | 29.00% |
| 2023-09-30 | 29.00% |
| 2023-06-30 | 29.03% |
| 2023-03-31 | 28.02% |
| 2022-12-31 | 8.70% |
| 2022-09-30 | 18.56% |
| 2022-06-30 | 20.74% |
| 2021-12-31 | 10.39% |
| 2021-09-30 | 27.50% |
| 2021-06-30 | 27.25% |
| 2021-03-31 | 28.99% |
| 2020-12-31 | 25.30% |
| 2020-09-30 | 29.00% |
| 2020-06-30 | 29.00% |
| 2019-12-31 | 28.92% |
| 2019-09-30 | 28.90% |
| 2019-06-30 | 28.96% |
| 2019-03-31 | 21.31% |
| 2018-12-31 | 24.46% |
| 2018-09-30 | 23.54% |
| 2018-06-30 | 20.70% |
| 2018-03-31 | 4.79% |
| 2017-12-31 | -0.89% |
| 2017-09-30 | 31.02% |
| 2017-06-30 | 38.76% |
| 2017-03-31 | 34.67% |
| 2016-12-31 | 44.63% |
| 2016-09-30 | 46.16% |
| 2016-06-30 | 38.67% |
| 2016-03-31 | 38.60% |
| 2015-12-31 | 40.88% |
| 2015-09-30 | 38.14% |
| 2015-06-30 | 38.79% |
| 2015-03-31 | 38.69% |
| 2014-12-31 | 39.26% |
| 2014-09-30 | 35.55% |
| 2014-06-30 | 39.89% |
| 2014-03-31 | 38.63% |
| 2013-12-31 | 36.40% |
| 2013-09-30 | 37.77% |
| 2013-06-30 | 38.60% |
| 2013-03-31 | 38.20% |
| 2012-12-31 | 33.32% |
| 2012-09-30 | 37.92% |
| 2012-06-30 | 38.50% |
| 2012-03-31 | 38.50% |
| 2011-12-31 | 40.06% |
| 2011-09-30 | 39.71% |
| 2011-06-30 | 38.97% |
| 2011-03-31 | 39.03% |
| 2010-12-31 | 40.31% |
| 2010-09-30 | 42.68% |
| 2010-06-30 | 37.14% |
| 2010-03-31 | 37.11% |
| 2009-12-31 | 38.44% |
| 2009-09-30 | 37.00% |
| 2009-06-30 | 38.32% |
| 2009-03-31 | 39.03% |
| 2008-12-31 | 25.29% |
| 2008-09-30 | 14.67% |
| 2007-12-31 | 22.67% |
| 2007-09-30 | 17.22% |
| 2007-06-30 | 16.97% |
| 2007-03-31 | 19.73% |
| 2006-12-31 | 15.08% |
