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 24.16% is in line with its 5-year average of 25.57%, near the low end of its 5-year range (21.34%–31.25%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.20% below its 12-month average of 24.21%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.16%
TAX RATE AVG TTM
24.21%
TAX RATE AVG 3Y
25.46%
TAX RATE AVG 5Y
25.25%
TAX RATE AVG 10Y
25.87%
TAX RATE AVG 15Y
30.60%
TAX RATE AVG 20Y
32.16%
CURRENT VS TTM AVG
-0.20%
CURRENT VS 3Y AVG
-5.11%
CURRENT VS 5Y AVG
-4.32%
CURRENT VS 10Y AVG
-6.61%
CURRENT VS 15Y AVG
-21.04%
CURRENT VS 20Y AVG
-24.88%
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 | 24.16% |
| 2026-03-31 | 21.34% |
| 2025-12-31 | 24.73% |
| 2025-09-30 | 24.79% |
| 2025-06-30 | 26.02% |
| 2025-03-31 | 23.48% |
| 2024-12-31 | 27.30% |
| 2024-09-30 | 26.08% |
| 2024-06-30 | 26.06% |
| 2024-03-31 | 24.27% |
| 2023-12-31 | 25.82% |
| 2023-09-30 | 25.74% |
| 2023-06-30 | 27.07% |
| 2023-03-31 | 24.26% |
| 2022-12-31 | 31.25% |
| 2022-09-30 | 25.66% |
| 2022-06-30 | 25.12% |
| 2022-03-31 | 21.61% |
| 2021-12-31 | 29.92% |
| 2021-09-30 | 26.14% |
| 2021-06-30 | 26.19% |
| 2021-03-31 | 22.70% |
| 2020-12-31 | 27.94% |
| 2020-09-30 | 26.93% |
| 2020-06-30 | 27.20% |
| 2020-03-31 | 21.90% |
| 2019-12-31 | 29.50% |
| 2019-09-30 | 4.50% |
| 2019-06-30 | 26.06% |
| 2019-03-31 | 21.10% |
| 2018-12-31 | 28.69% |
| 2018-09-30 | 25.88% |
| 2018-06-30 | 27.32% |
| 2018-03-31 | 18.02% |
| 2017-12-31 | 50.78% |
| 2017-09-30 | 37.71% |
| 2017-06-30 | 37.67% |
| 2017-03-31 | 29.67% |
| 2016-12-31 | 27.65% |
| 2016-09-30 | 37.91% |
| 2016-06-30 | 37.91% |
| 2016-03-31 | 37.61% |
| 2015-12-31 | 38.71% |
| 2015-09-30 | 37.81% |
| 2015-06-30 | 37.69% |
| 2015-03-31 | 35.04% |
| 2014-12-31 | 35.71% |
| 2014-09-30 | 37.62% |
| 2014-06-30 | 37.78% |
| 2014-03-31 | 37.70% |
| 2013-12-31 | 32.12% |
| 2013-09-30 | 37.60% |
| 2013-06-30 | 37.16% |
| 2013-03-31 | 34.01% |
| 2012-12-31 | 34.58% |
| 2012-09-30 | 37.69% |
| 2012-06-30 | 37.71% |
| 2012-03-31 | 37.18% |
| 2011-12-31 | 37.68% |
| 2011-09-30 | 37.44% |
| 2011-06-30 | 37.34% |
| 2011-03-31 | 37.56% |
| 2010-12-31 | 36.29% |
| 2010-09-30 | 37.73% |
| 2010-06-30 | 37.58% |
| 2010-03-31 | 37.32% |
| 2009-12-31 | 10.67% |
| 2009-09-30 | 38.01% |
| 2009-06-30 | 38.62% |
| 2009-03-31 | 38.64% |
| 2008-12-31 | 39.86% |
| 2008-09-30 | 38.12% |
| 2008-06-30 | 39.09% |
| 2008-03-31 | 39.16% |
| 2007-12-31 | 34.51% |
| 2007-09-30 | 38.54% |
| 2007-06-30 | 39.20% |
| 2007-03-31 | 39.74% |
| 2006-12-31 | 37.81% |
| 2006-09-30 | 38.77% |
| 2006-06-30 | 40.00% |
| 2006-03-31 | 40.00% |
| 2005-12-31 | 36.71% |
| 2005-09-30 | 40.50% |
| 2005-06-30 | 40.50% |
| 2005-03-31 | 40.51% |
| 2004-12-31 | 38.65% |
| 2004-09-30 | 40.58% |
| 2004-06-30 | 42.66% |
| 2004-03-31 | 40.56% |
| 2003-12-31 | 52.38% |
| 2003-09-30 | 38.00% |
| 2003-06-30 | 38.00% |
| 2003-03-31 | 38.00% |
| 2002-12-31 | 38.01% |
| 2002-09-30 | 38.00% |
