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 18.37% is in line with its 5-year average of 16.88%, around the middle of its 5-year range (1.12%–30.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.40% below its 12-month average of 18.63%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.37%
TAX RATE AVG TTM
18.63%
TAX RATE AVG 3Y
17.65%
TAX RATE AVG 5Y
16.88%
TAX RATE AVG 10Y
18.92%
TAX RATE AVG 15Y
20.46%
TAX RATE AVG 20Y
21.06%
CURRENT VS TTM AVG
-1.40%
CURRENT VS 3Y AVG
+4.06%
CURRENT VS 5Y AVG
+8.80%
CURRENT VS 10Y AVG
-2.95%
CURRENT VS 15Y AVG
-10.22%
CURRENT VS 20Y AVG
-12.79%
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 | 18.37% |
| 2025-12-31 | 19.20% |
| 2025-06-30 | 18.31% |
| 2024-12-31 | 30.49% |
| 2024-06-30 | 18.49% |
| 2023-12-31 | 1.12% |
| 2023-06-30 | 17.56% |
| 2022-12-31 | 18.11% |
| 2022-06-30 | 16.58% |
| 2021-12-31 | 10.54% |
| 2021-06-30 | 16.90% |
| 2020-12-31 | 15.17% |
| 2020-06-30 | 16.85% |
| 2019-12-31 | 16.84% |
| 2019-06-30 | 14.00% |
| 2018-12-31 | 28.04% |
| 2018-06-30 | 20.83% |
| 2017-12-31 | 32.12% |
| 2017-06-30 | 25.27% |
| 2016-12-31 | 22.27% |
| 2016-06-30 | 27.29% |
| 2015-12-31 | 22.42% |
| 2015-06-30 | 25.86% |
| 2014-12-31 | 22.45% |
| 2014-06-30 | 24.73% |
| 2013-12-31 | 23.05% |
| 2013-06-30 | 22.03% |
| 2012-12-31 | 20.52% |
| 2012-06-30 | 20.69% |
| 2011-12-31 | 20.69% |
| 2011-06-30 | 19.70% |
| 2010-12-31 | 19.70% |
| 2010-06-30 | 20.69% |
| 2009-12-31 | 20.69% |
| 2009-06-30 | 16.83% |
| 2008-12-31 | 23.42% |
| 2008-06-30 | 23.42% |
| 2007-12-31 | 23.42% |
| 2007-06-30 | 25.27% |
| 2006-12-31 | 27.30% |
| 2006-06-30 | 27.30% |
| 2005-12-31 | 24.80% |
| 2005-06-30 | 24.80% |
| 2005-01-31 | 24.80% |
| 2004-06-30 | 24.72% |
| 2003-12-31 | 29.60% |
| 2003-06-30 | 29.60% |
| 2001-12-31 | 21.80% |
| 2001-06-30 | 21.80% |
| 2000-12-31 | 24.00% |
| 2000-06-30 | 24.00% |
| 1999-12-31 | 25.18% |
| 1999-06-30 | 25.18% |
| 1999-01-31 | 25.18% |
| 1998-06-30 | 17.69% |
| 1998-01-31 | 17.69% |
