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 23.46% is in line with its 5-year average of 23.74%, around the middle of its 5-year range (21.49%–26.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.41% below its 12-month average of 24.29%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.46%
TAX RATE AVG TTM
24.29%
TAX RATE AVG 3Y
23.74%
TAX RATE AVG 5Y
23.74%
TAX RATE AVG 10Y
23.14%
TAX RATE AVG 15Y
23.22%
TAX RATE AVG 20Y
23.59%
CURRENT VS TTM AVG
-3.41%
CURRENT VS 3Y AVG
-1.16%
CURRENT VS 5Y AVG
-1.16%
CURRENT VS 10Y AVG
+1.37%
CURRENT VS 15Y AVG
+1.05%
CURRENT VS 20Y AVG
-0.56%
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 | 23.46% |
| 2025-12-31 | 23.20% |
| 2025-06-30 | 26.21% |
| 2024-12-31 | 22.81% |
| 2024-06-30 | 24.62% |
| 2023-12-31 | 21.49% |
| 2023-06-30 | 24.37% |
| 2022-12-31 | 23.63% |
| 2022-06-30 | 26.41% |
| 2021-12-31 | 21.56% |
| 2021-06-30 | 23.34% |
| 2020-12-31 | 20.61% |
| 2020-06-30 | 22.52% |
| 2019-12-31 | 20.34% |
| 2019-06-30 | 21.03% |
| 2018-12-31 | 21.66% |
| 2018-06-30 | 22.46% |
| 2017-12-31 | 16.13% |
| 2017-06-30 | 25.39% |
| 2016-12-31 | 31.10% |
| 2016-06-30 | 24.65% |
| 2015-12-31 | 17.77% |
| 2015-06-30 | 23.03% |
| 2014-12-31 | 22.32% |
| 2014-06-30 | 22.87% |
| 2013-12-31 | 25.93% |
| 2013-06-30 | 24.44% |
| 2012-12-31 | 23.08% |
| 2012-06-30 | 23.08% |
| 2011-12-31 | 22.79% |
| 2011-06-30 | 22.79% |
| 2010-12-31 | 24.02% |
| 2010-06-30 | 24.02% |
| 2009-12-31 | 24.25% |
| 2009-06-30 | 24.25% |
| 2008-12-31 | 24.36% |
| 2008-06-30 | 24.36% |
| 2007-12-31 | 27.01% |
| 2007-06-30 | 27.01% |
| 2006-12-31 | 28.44% |
| 2006-06-30 | 28.44% |
| 2005-12-31 | 29.34% |
| 2005-06-30 | 29.34% |
| 2004-12-31 | 26.76% |
| 2004-06-30 | 26.76% |
| 2003-12-31 | 13.34% |
| 2003-06-30 | 13.34% |
| 2002-12-31 | -33.45% |
| 2002-06-30 | -33.45% |
| 2001-12-31 | 20.79% |
| 2001-06-30 | 20.79% |
