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 17.55% is 12% below its 5-year average of 19.87%, around the middle of its 5-year range (12.04%–25.62%).
As of the fiscal period ended Tuesday, March 31, 2026. 18.52% below its 12-month average of 21.54%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
17.55%
TAX RATE AVG TTM
21.54%
TAX RATE AVG 3Y
21.05%
TAX RATE AVG 5Y
20.43%
TAX RATE AVG 10Y
20.52%
TAX RATE AVG 15Y
22.18%
TAX RATE AVG 20Y
23.41%
CURRENT VS TTM AVG
-18.52%
CURRENT VS 3Y AVG
-16.63%
CURRENT VS 5Y AVG
-14.11%
CURRENT VS 10Y AVG
-14.46%
CURRENT VS 15Y AVG
-20.85%
CURRENT VS 20Y AVG
-25.04%
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 | 17.55% |
| 2025-12-31 | 22.23% |
| 2025-09-30 | 20.48% |
| 2025-06-30 | 25.62% |
| 2025-03-31 | 21.81% |
| 2024-09-30 | 23.69% |
| 2024-06-30 | 18.40% |
| 2024-03-31 | 20.07% |
| 2023-12-31 | 21.31% |
| 2023-06-30 | 19.87% |
| 2023-03-31 | 20.55% |
| 2021-12-31 | 12.04% |
| 2021-09-30 | 14.20% |
| 2021-06-30 | 21.81% |
| 2021-03-31 | 18.49% |
| 2020-12-31 | -9.42% |
| 2020-09-30 | -3.43% |
| 2019-12-31 | 16.44% |
| 2019-09-30 | 19.25% |
| 2019-06-30 | 18.49% |
| 2019-03-31 | 20.35% |
| 2018-12-31 | 20.70% |
| 2018-09-30 | 10.01% |
| 2018-06-30 | 27.20% |
| 2018-03-31 | 20.79% |
| 2017-12-31 | -247.13% |
| 2017-09-30 | 26.48% |
| 2017-06-30 | 20.56% |
| 2017-03-31 | 22.68% |
| 2016-12-31 | 11.04% |
| 2016-09-30 | 21.64% |
| 2016-06-30 | 32.14% |
| 2016-03-31 | 21.25% |
| 2015-12-31 | 13.05% |
| 2015-09-30 | 28.50% |
| 2015-06-30 | 31.89% |
| 2015-03-31 | 25.44% |
| 2014-09-30 | -82.39% |
| 2014-06-30 | 26.81% |
| 2014-03-31 | 27.53% |
| 2013-09-30 | 32.57% |
| 2012-06-30 | 25.03% |
| 2011-12-31 | 25.25% |
| 2011-09-30 | 35.74% |
| 2011-06-30 | 26.94% |
| 2011-03-31 | 25.48% |
| 2010-12-31 | 2.90% |
| 2010-09-30 | 29.94% |
| 2010-06-30 | 28.29% |
| 2010-03-31 | 34.79% |
| 2009-12-31 | 46.56% |
| 2009-09-30 | -18.04% |
| 2009-03-31 | -66.67% |
| 2008-06-30 | 9.55% |
| 2008-03-31 | 36.51% |
| 2007-12-31 | 18.27% |
| 2007-09-30 | 28.21% |
| 2007-06-30 | 28.35% |
| 2007-03-31 | 29.64% |
| 2006-12-31 | 29.57% |
| 2006-09-30 | 26.07% |
| 2006-06-30 | 28.30% |
| 2006-03-31 | 28.85% |
| 2005-12-31 | 49.03% |
| 2005-09-30 | -23.35% |
| 2005-06-30 | 29.56% |
| 2005-03-31 | 29.44% |
| 2004-12-31 | 30.99% |
| 2004-09-30 | 30.72% |
| 2004-06-30 | 21.63% |
| 2004-03-31 | 31.16% |
| 2003-12-31 | 31.26% |
| 2003-09-30 | 42.40% |
| 2003-06-30 | 17.59% |
| 2003-03-31 | 32.48% |
| 2002-09-30 | -123.26% |
