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 21.69% is in line with its 5-year average of 23.40%, near the low end of its 5-year range (21.39%–47.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.23% below its 12-month average of 22.18%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q3 FY2026 (2026-06-30): 21.69%.
TAX RATE
21.69%
TAX RATE AVG TTM
22.18%
TAX RATE AVG 3Y
23.29%
TAX RATE AVG 5Y
23.40%
TAX RATE AVG 10Y
24.63%
TAX RATE AVG 15Y
30.87%
TAX RATE AVG 20Y
32.62%
CURRENT VS TTM AVG
-2.23%
CURRENT VS 3Y AVG
-6.88%
CURRENT VS 5Y AVG
-7.33%
CURRENT VS 10Y AVG
-11.95%
CURRENT VS 15Y AVG
-29.75%
CURRENT VS 20Y AVG
-33.52%
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 | 21.69% |
| 2026-03-31 | 22.58% |
| 2025-12-31 | 21.39% |
| 2025-06-30 | 23.07% |
| 2025-03-31 | 23.50% |
| 2024-12-31 | 23.36% |
| 2024-09-30 | 47.34% |
| 2024-06-30 | 23.10% |
| 2024-03-31 | 23.13% |
| 2023-12-31 | 23.99% |
| 2023-09-30 | 23.09% |
| 2023-06-30 | 23.78% |
| 2023-03-31 | 23.78% |
| 2022-12-31 | 23.40% |
| 2022-06-30 | 21.97% |
| 2021-12-31 | 23.21% |
| 2021-06-30 | 24.23% |
| 2021-03-31 | 25.22% |
| 2020-12-31 | 24.41% |
| 2020-06-30 | 24.94% |
| 2020-03-31 | 23.94% |
| 2019-12-31 | 23.66% |
| 2019-09-30 | 24.00% |
| 2019-06-30 | 23.20% |
| 2019-03-31 | 23.82% |
| 2018-12-31 | 22.39% |
| 2018-09-30 | -16.62% |
| 2018-06-30 | 29.11% |
| 2018-03-31 | 28.92% |
| 2017-12-31 | 35.54% |
| 2017-09-30 | 41.24% |
| 2017-06-30 | 35.80% |
| 2017-03-31 | 38.01% |
| 2016-12-31 | 38.07% |
| 2016-09-30 | 46.77% |
| 2016-06-30 | 40.76% |
| 2016-03-31 | 38.19% |
| 2015-12-31 | 38.12% |
| 2015-09-30 | 60.26% |
| 2015-06-30 | 38.40% |
| 2015-03-31 | 38.06% |
| 2014-12-31 | 38.15% |
| 2014-06-30 | 38.69% |
| 2014-03-31 | 38.38% |
| 2013-12-31 | 38.10% |
| 2013-06-30 | 38.16% |
| 2013-03-31 | 38.07% |
| 2012-12-31 | 38.02% |
| 2012-06-30 | 42.66% |
| 2012-03-31 | 37.99% |
| 2011-12-31 | 38.01% |
| 2011-06-30 | 38.10% |
| 2011-03-31 | 38.01% |
| 2010-12-31 | 37.96% |
| 2010-06-30 | 30.07% |
| 2010-03-31 | 37.98% |
| 2009-12-31 | 37.97% |
| 2009-09-30 | 39.87% |
| 2009-06-30 | 36.63% |
| 2009-03-31 | 38.00% |
| 2008-12-31 | 38.02% |
| 2008-06-30 | 37.31% |
| 2008-03-31 | 38.20% |
| 2007-12-31 | 37.95% |
| 2007-06-30 | 37.35% |
| 2007-03-31 | 37.99% |
| 2006-12-31 | 38.00% |
| 2006-06-30 | 48.12% |
| 2006-03-31 | 38.16% |
| 2005-12-31 | 38.20% |
| 2005-06-30 | 40.73% |
| 2005-03-31 | 38.21% |
| 2004-12-31 | 38.22% |
| 2004-03-31 | 38.07% |
| 2003-12-31 | 38.03% |
| 2003-03-31 | 38.55% |
| 2002-12-31 | 38.61% |
