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 20.61% is in line with its 5-year average of 20.88%, around the middle of its 5-year range (16.99%–24.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.48% below its 12-month average of 21.36%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.61%
TAX RATE AVG TTM
21.36%
TAX RATE AVG 3Y
20.27%
TAX RATE AVG 5Y
20.90%
TAX RATE AVG 10Y
20.42%
TAX RATE AVG 15Y
24.32%
TAX RATE AVG 20Y
25.02%
CURRENT VS TTM AVG
-3.48%
CURRENT VS 3Y AVG
+1.68%
CURRENT VS 5Y AVG
-1.35%
CURRENT VS 10Y AVG
+0.97%
CURRENT VS 15Y AVG
-15.24%
CURRENT VS 20Y AVG
-17.61%
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 | 20.61% |
| 2026-03-31 | 21.71% |
| 2025-12-31 | 24.58% |
| 2025-09-30 | 19.63% |
| 2025-06-30 | 20.25% |
| 2025-03-31 | 21.10% |
| 2024-12-31 | 18.72% |
| 2024-09-30 | 19.41% |
| 2024-06-30 | 19.84% |
| 2024-03-31 | 20.69% |
| 2023-12-31 | 16.99% |
| 2023-09-30 | 20.84% |
| 2023-06-30 | 20.19% |
| 2023-03-31 | 22.43% |
| 2022-12-31 | 21.44% |
| 2022-09-30 | 23.67% |
| 2022-06-30 | 21.22% |
| 2022-03-31 | 21.94% |
| 2021-12-31 | 19.04% |
| 2021-09-30 | 21.66% |
| 2021-06-30 | 22.62% |
| 2021-03-31 | 21.90% |
| 2020-12-31 | 16.42% |
| 2020-09-30 | 16.40% |
| 2020-03-31 | 20.59% |
| 2019-12-31 | 20.12% |
| 2019-09-30 | 20.74% |
| 2019-06-30 | 19.25% |
| 2019-03-31 | 21.04% |
| 2018-12-31 | 17.31% |
| 2018-09-30 | 18.68% |
| 2018-06-30 | 19.06% |
| 2018-03-31 | 23.62% |
| 2017-12-31 | 39.05% |
| 2017-09-30 | 30.67% |
| 2017-06-30 | 29.62% |
| 2017-03-31 | 30.24% |
| 2016-12-31 | 31.31% |
| 2016-09-30 | 32.27% |
| 2016-06-30 | 29.72% |
| 2016-03-31 | 29.27% |
| 2015-12-31 | 29.41% |
| 2015-09-30 | 30.69% |
| 2015-06-30 | 30.02% |
| 2015-03-31 | 28.70% |
| 2014-12-31 | 26.46% |
| 2014-09-30 | 32.26% |
| 2014-06-30 | 33.41% |
| 2014-03-31 | 33.26% |
| 2013-12-31 | 27.63% |
| 2013-09-30 | 29.74% |
| 2013-06-30 | 31.28% |
| 2013-03-31 | 25.50% |
| 2012-12-31 | 33.25% |
| 2012-09-30 | 30.36% |
| 2012-06-30 | 26.42% |
| 2012-03-31 | 25.55% |
| 2011-09-30 | 10.76% |
| 2011-06-30 | -75.56% |
| 2011-03-31 | -138.10% |
| 2010-12-31 | 37.32% |
| 2009-03-31 | 80.36% |
| 2008-09-30 | 6.25% |
| 2008-06-30 | 24.46% |
| 2008-03-31 | 31.91% |
| 2007-12-31 | -0.26% |
| 2007-09-30 | 31.26% |
| 2007-06-30 | 33.70% |
| 2007-03-31 | 33.23% |
| 2006-12-31 | 31.65% |
| 2006-09-30 | 30.43% |
| 2006-06-30 | 30.44% |
| 2006-03-31 | 31.50% |
| 2005-12-31 | 28.38% |
| 2005-09-30 | 29.54% |
| 2005-06-30 | 30.20% |
| 2005-03-31 | 30.47% |
| 2004-12-31 | 31.06% |
| 2004-09-30 | 29.80% |
| 2004-06-30 | 29.09% |
| 2004-03-31 | 29.30% |
| 2003-12-31 | 28.47% |
| 2003-09-30 | 28.50% |
| 2003-06-30 | 28.50% |
| 2003-03-31 | 28.50% |
| 2002-12-31 | 28.70% |
| 2002-09-30 | 28.67% |
