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 22.75% is 21% below its 5-year average of 28.79%, near the low end of its 5-year range (22.75%–44.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.23% below its 12-month average of 27.49%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.75%
TAX RATE AVG TTM
27.49%
TAX RATE AVG 3Y
27.51%
TAX RATE AVG 5Y
28.79%
TAX RATE AVG 10Y
28.64%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-17.23%
CURRENT VS 3Y AVG
-17.30%
CURRENT VS 5Y AVG
-20.96%
CURRENT VS 10Y AVG
-20.54%
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 | 22.75% |
| 2025-12-31 | 27.05% |
| 2025-06-30 | 32.67% |
| 2024-12-31 | 24.21% |
| 2024-06-30 | 27.42% |
| 2023-12-31 | 27.97% |
| 2023-06-30 | 30.51% |
| 2022-12-31 | 44.45% |
| 2022-06-30 | 24.50% |
| 2021-12-31 | 26.65% |
| 2021-06-30 | 28.47% |
| 2020-12-31 | 32.75% |
| 2020-06-30 | 35.98% |
| 2019-12-31 | 32.40% |
| 2019-06-30 | 45.30% |
| 2018-12-31 | 17.57% |
| 2018-06-30 | 33.17% |
| 2017-12-31 | 29.21% |
| 2017-05-31 | 33.68% |
| 2016-12-31 | 28.50% |
| 2016-06-30 | 17.02% |
| 2015-06-30 | 54.21% |
| 2014-12-31 | 36.01% |
| 2014-06-30 | 29.66% |
| 2013-12-31 | 306.12% |
| 2013-06-30 | 47.52% |
