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 22.27% is in line with its 5-year average of 20.35%, around the middle of its 5-year range (-36.87%–59.26%).
As of the fiscal period ended Friday, June 30, 2023. 40.63% below its 12-month average of 37.50%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.27%
TAX RATE AVG TTM
37.50%
TAX RATE AVG 3Y
19.27%
TAX RATE AVG 5Y
20.35%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-40.63%
CURRENT VS 3Y AVG
+15.52%
CURRENT VS 5Y AVG
+9.42%
CURRENT VS 10Y AVG
N/A
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 |
|---|---|
| 2023-06-30 | 22.27% |
| 2023-03-31 | 17.49% |
| 2022-12-31 | 59.26% |
| 2022-09-30 | 58.00% |
| 2022-06-30 | 30.49% |
| 2022-03-31 | 27.07% |
| 2021-12-31 | -17.98% |
| 2021-09-30 | 12.55% |
| 2021-06-30 | 16.21% |
| 2021-03-31 | 20.92% |
| 2020-12-31 | 28.83% |
| 2020-09-30 | 5.22% |
| 2020-06-30 | 11.71% |
| 2020-03-31 | 17.44% |
| 2019-12-31 | 15.01% |
| 2019-09-30 | 14.84% |
| 2019-06-30 | 28.65% |
| 2019-03-31 | 17.91% |
| 2018-12-31 | 49.88% |
| 2018-09-30 | -36.87% |
| 2018-06-30 | 9.47% |
| 2018-03-31 | 13.69% |
| 2017-12-31 | 45.91% |
| 2017-09-30 | 0.32% |
| 2017-06-30 | 0.82% |
| 2017-03-31 | -5.67% |
| 2016-12-31 | 18.41% |
| 2016-09-30 | 16.18% |
| 2016-06-30 | 0.48% |
| 2016-03-31 | 4.45% |
| 2015-12-31 | -31.70% |
| 2015-09-30 | 2.50% |
| 2015-06-30 | 8.03% |
| 2015-03-31 | 6.25% |
| 2014-12-31 | 10.62% |
| 2014-09-30 | 12.10% |
