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 23.00% is in line with its 5-year average of 20.95%, near the high end of its 5-year range (17.86%–24.02%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.86% above its 12-month average of 22.80%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.00%
TAX RATE AVG TTM
22.80%
TAX RATE AVG 3Y
21.28%
TAX RATE AVG 5Y
20.95%
TAX RATE AVG 10Y
21.00%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+0.86%
CURRENT VS 3Y AVG
+8.06%
CURRENT VS 5Y AVG
+9.78%
CURRENT VS 10Y AVG
+9.51%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
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 | 23.00% |
| 2026-03-31 | 23.00% |
| 2025-12-31 | 24.02% |
| 2025-09-30 | 22.00% |
| 2025-06-30 | 22.00% |
| 2025-03-31 | 22.00% |
| 2024-12-31 | 18.22% |
| 2024-09-30 | 19.50% |
| 2024-06-30 | 19.07% |
| 2024-03-31 | 20.00% |
| 2023-12-31 | 19.89% |
| 2023-09-30 | 22.00% |
| 2023-06-30 | 22.00% |
| 2023-03-31 | 22.00% |
| 2022-12-31 | 21.04% |
| 2022-09-30 | 20.00% |
| 2022-06-30 | 20.00% |
| 2022-03-31 | 20.00% |
| 2021-12-31 | 17.86% |
| 2021-09-30 | 20.40% |
| 2021-06-30 | 21.97% |
| 2021-03-31 | 20.00% |
| 2020-12-31 | -9.65% |
| 2020-09-30 | 17.95% |
| 2020-06-30 | 20.00% |
| 2020-03-31 | 20.00% |
| 2019-12-31 | 20.76% |
| 2019-09-30 | 20.00% |
| 2019-06-30 | 20.00% |
| 2019-03-31 | 20.00% |
| 2018-12-31 | -1.82% |
| 2018-09-30 | -46.23% |
| 2018-06-30 | 25.01% |
| 2018-03-31 | 27.85% |
| 2017-12-31 | 27.91% |
| 2017-09-30 | 27.63% |
| 2017-06-30 | 27.97% |
| 2017-03-31 | 28.55% |
| 2016-12-31 | 27.39% |
| 2016-09-30 | 29.82% |
| 2016-06-30 | 30.66% |
| 2016-03-31 | 30.90% |
| 2015-12-31 | 31.80% |
| 2015-09-30 | 33.50% |
| 2015-06-30 | 33.49% |
| 2015-03-31 | 33.54% |
| 2014-12-31 | 32.75% |
| 2014-09-30 | 38.32% |
| 2014-06-30 | 30.62% |
| 2014-03-31 | 32.50% |
