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 8.95% is 74% below its 5-year average of 34.16%, around the middle of its 5-year range (-134.61%–178.48%).
As of the fiscal period ended Saturday, May 25, 2024. 73.17% below its 12-month average of 33.38%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2024 (2024-05-25): 8.95%.
TAX RATE
8.95%
TAX RATE AVG TTM
33.38%
TAX RATE AVG 3Y
24.16%
TAX RATE AVG 5Y
34.16%
TAX RATE AVG 10Y
39.37%
TAX RATE AVG 15Y
43.03%
TAX RATE AVG 20Y
42.92%
CURRENT VS TTM AVG
-73.17%
CURRENT VS 3Y AVG
-62.93%
CURRENT VS 5Y AVG
-73.78%
CURRENT VS 10Y AVG
-77.26%
CURRENT VS 15Y AVG
-79.19%
CURRENT VS 20Y AVG
-79.14%
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 |
|---|---|
| 2024-05-25 | 8.95% |
| 2024-02-24 | 43.17% |
| 2023-11-25 | 43.40% |
| 2023-08-26 | 39.97% |
| 2023-05-27 | 31.42% |
| 2023-02-25 | -0.03% |
| 2022-11-26 | 25.21% |
| 2022-08-27 | 27.82% |
| 2022-05-28 | 26.05% |
| 2022-02-26 | -12.72% |
| 2021-11-27 | 28.01% |
| 2021-08-28 | 28.64% |
| 2021-05-29 | -50.63% |
| 2021-02-27 | 60.50% |
| 2020-11-28 | 178.48% |
| 2020-08-29 | 46.14% |
| 2020-05-30 | 42.02% |
| 2020-02-22 | -134.61% |
| 2019-11-23 | 30.20% |
| 2019-08-24 | 34.84% |
| 2019-05-25 | 30.14% |
| 2019-02-23 | 39.74% |
| 2018-11-24 | 32.73% |
| 2018-08-25 | 37.83% |
| 2018-05-26 | 55.40% |
| 2018-02-24 | 0.99% |
| 2017-11-25 | 20.89% |
| 2017-08-26 | 58.05% |
| 2017-05-27 | 46.77% |
| 2017-02-25 | 48.75% |
| 2016-11-26 | 40.84% |
| 2016-08-27 | 44.67% |
| 2016-05-28 | 44.89% |
| 2016-02-27 | 44.66% |
| 2015-11-28 | 41.49% |
| 2015-08-29 | 43.61% |
| 2015-05-30 | 44.29% |
| 2015-02-28 | 42.96% |
| 2014-11-29 | 45.27% |
| 2014-08-30 | 49.61% |
| 2014-05-31 | 49.14% |
| 2014-02-22 | 53.50% |
| 2013-11-23 | 45.41% |
| 2013-08-24 | 45.95% |
| 2013-05-25 | 50.38% |
| 2013-02-23 | 44.49% |
| 2012-11-24 | 48.16% |
| 2012-08-25 | 50.49% |
| 2012-05-26 | 39.65% |
| 2012-02-25 | 48.58% |
| 2011-11-26 | 41.51% |
| 2011-08-27 | 62.34% |
| 2011-05-28 | 55.45% |
| 2011-02-26 | 75.20% |
| 2010-11-27 | 46.49% |
| 2010-08-28 | 70.12% |
| 2010-05-29 | 71.00% |
| 2009-02-28 | 60.00% |
| 2008-11-29 | 46.08% |
| 2008-08-30 | 43.53% |
| 2008-05-31 | 45.11% |
| 2008-02-29 | 47.72% |
| 2007-11-30 | 44.85% |
| 2007-08-31 | 44.51% |
| 2007-05-31 | 42.79% |
| 2007-02-28 | 44.19% |
| 2006-11-30 | 44.10% |
| 2006-08-31 | 46.65% |
| 2006-05-31 | 39.83% |
| 2006-02-28 | 39.25% |
| 2005-11-30 | 39.01% |
| 2005-08-31 | 39.50% |
| 2005-05-31 | 40.50% |
| 2005-02-28 | 41.00% |
| 2004-11-30 | 41.00% |
| 2004-08-31 | 41.00% |
| 2004-05-31 | 41.00% |
| 2004-02-29 | 41.00% |
| 2003-11-30 | 40.50% |
| 2003-08-31 | 40.50% |
| 2003-05-31 | 41.01% |
| 2003-02-28 | 41.00% |
| 2002-11-30 | 40.99% |
| 2002-08-31 | 40.99% |
