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 20.67% is 10% below its 5-year average of 23.00%, near the low end of its 5-year range (17.37%–28.73%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.41% below its 12-month average of 21.85%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.67%
TAX RATE AVG TTM
21.85%
TAX RATE AVG 3Y
22.50%
TAX RATE AVG 5Y
23.00%
TAX RATE AVG 10Y
24.43%
TAX RATE AVG 15Y
28.75%
TAX RATE AVG 20Y
30.89%
CURRENT VS TTM AVG
-5.41%
CURRENT VS 3Y AVG
-8.13%
CURRENT VS 5Y AVG
-10.15%
CURRENT VS 10Y AVG
-15.39%
CURRENT VS 15Y AVG
-28.11%
CURRENT VS 20Y AVG
-33.09%
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 | 20.67% |
| 2026-03-31 | 25.99% |
| 2025-12-31 | 22.66% |
| 2025-09-30 | 17.37% |
| 2025-06-30 | 22.56% |
| 2025-03-31 | 26.23% |
| 2024-12-31 | 19.89% |
| 2024-09-30 | 20.79% |
| 2024-06-30 | 23.60% |
| 2024-03-31 | 21.84% |
| 2023-12-31 | 20.95% |
| 2023-09-30 | 25.81% |
| 2023-06-30 | 24.07% |
| 2023-03-31 | 23.34% |
| 2022-12-31 | 21.93% |
| 2022-09-30 | 28.73% |
| 2022-06-30 | 27.47% |
| 2022-03-31 | 25.40% |
| 2021-12-31 | 20.07% |
| 2021-09-30 | 23.39% |
| 2021-06-30 | 20.26% |
| 2021-03-31 | 20.58% |
| 2020-12-31 | 21.80% |
| 2020-09-30 | 18.36% |
| 2020-06-30 | 13.13% |
| 2020-03-31 | 29.29% |
| 2019-12-31 | 25.35% |
| 2019-09-30 | 24.05% |
| 2019-06-30 | 24.27% |
| 2019-03-31 | 24.78% |
| 2018-12-31 | 25.00% |
| 2018-09-30 | 25.35% |
| 2018-06-30 | 27.04% |
| 2018-03-31 | 26.81% |
| 2017-12-31 | 61.74% |
| 2017-09-30 | 30.10% |
| 2017-06-30 | 33.07% |
| 2017-03-31 | 32.71% |
| 2016-12-31 | 28.82% |
| 2016-09-30 | 27.73% |
| 2016-06-30 | 35.27% |
| 2016-03-31 | 37.23% |
| 2015-12-31 | 36.46% |
| 2015-09-30 | 38.60% |
| 2015-06-30 | 37.23% |
| 2015-03-31 | 38.07% |
| 2014-12-31 | 38.57% |
| 2014-09-30 | 37.06% |
| 2014-06-30 | 38.31% |
| 2014-03-31 | 39.81% |
| 2013-12-31 | 34.84% |
| 2013-09-30 | 28.08% |
| 2013-06-30 | 37.39% |
| 2013-03-31 | 32.05% |
| 2012-12-31 | 36.20% |
| 2012-09-30 | 34.91% |
| 2012-06-30 | 35.16% |
| 2012-03-31 | 39.51% |
| 2011-12-31 | 41.59% |
| 2011-09-30 | 47.94% |
| 2011-06-30 | 39.32% |
| 2011-03-31 | 36.48% |
| 2010-12-31 | 38.50% |
| 2010-09-30 | 36.48% |
| 2010-06-30 | 38.62% |
| 2010-03-31 | 36.12% |
| 2009-12-31 | 39.46% |
| 2009-09-30 | 30.56% |
| 2009-06-30 | 38.75% |
| 2009-03-31 | 109.62% |
| 2008-12-31 | 41.97% |
| 2008-09-30 | 40.95% |
| 2008-06-30 | 39.25% |
| 2008-03-31 | 38.88% |
| 2007-12-31 | 38.03% |
| 2007-09-30 | 34.14% |
| 2007-06-30 | 37.80% |
| 2007-03-31 | 35.76% |
| 2006-12-31 | 36.66% |
| 2006-09-30 | 35.47% |
| 2006-06-30 | 41.17% |
| 2006-03-31 | 35.44% |
| 2005-12-31 | 36.76% |
| 2005-09-30 | 39.20% |
| 2005-06-24 | 37.09% |
| 2005-03-24 | 40.31% |
| 2004-12-31 | 39.44% |
| 2004-09-30 | 39.33% |
| 2004-06-25 | 37.94% |
| 2004-03-26 | 35.63% |
| 2003-12-26 | 37.80% |
| 2003-09-30 | 36.88% |
| 2003-06-27 | 38.23% |
| 2003-03-28 | 37.40% |
| 2002-12-27 | 38.25% |
| 2002-09-30 | 41.36% |
