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 29.12% is in line with its 5-year average of 28.56%, near the high end of its 5-year range (27.41%–29.12%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.91% above its 12-month average of 28.86%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
29.12%
TAX RATE AVG TTM
28.86%
TAX RATE AVG 3Y
28.64%
TAX RATE AVG 5Y
28.56%
TAX RATE AVG 10Y
28.76%
TAX RATE AVG 15Y
34.48%
TAX RATE AVG 20Y
35.38%
CURRENT VS TTM AVG
+0.91%
CURRENT VS 3Y AVG
+1.67%
CURRENT VS 5Y AVG
+1.96%
CURRENT VS 10Y AVG
+1.24%
CURRENT VS 15Y AVG
-15.54%
CURRENT VS 20Y AVG
-17.70%
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 |
|---|---|
| 2026-03-31 | 29.12% |
| 2025-12-31 | 28.64% |
| 2025-03-31 | 28.81% |
| 2024-12-31 | 28.37% |
| 2024-03-31 | 28.96% |
| 2023-12-31 | 28.50% |
| 2023-03-31 | 28.11% |
| 2022-12-31 | 28.75% |
| 2022-03-31 | 28.79% |
| 2021-12-31 | 28.72% |
| 2021-03-31 | 27.41% |
| 2020-12-31 | 28.14% |
| 2020-03-31 | 29.72% |
| 2019-12-31 | 29.80% |
| 2019-03-31 | 28.79% |
| 2018-12-31 | 29.59% |
| 2018-03-31 | 33.83% |
| 2017-12-31 | -5.27% |
| 2017-03-31 | 40.74% |
| 2016-12-31 | 41.31% |
| 2016-03-31 | 41.34% |
| 2015-12-31 | 43.85% |
| 2015-03-31 | 41.72% |
| 2014-12-31 | 42.21% |
| 2014-03-31 | 41.52% |
| 2013-12-31 | 41.27% |
| 2013-03-31 | 41.13% |
| 2012-12-31 | 33.52% |
| 2012-03-31 | 42.06% |
| 2011-12-31 | 47.50% |
| 2011-03-31 | 42.15% |
| 2010-12-31 | 45.28% |
| 2010-03-31 | 42.40% |
| 2009-12-31 | 45.63% |
| 2009-03-31 | 4.15% |
| 2008-06-30 | -16.70% |
| 2008-03-31 | 6.18% |
| 2007-12-31 | 3.03% |
| 2007-03-31 | 4.88% |
| 2006-12-31 | 1.36% |
| 2006-03-31 | 1.00% |
| 2005-12-31 | 1.90% |
| 2004-03-31 | 0.92% |
| 2003-12-31 | 2.06% |
| 2003-03-31 | 1.73% |
| 2002-12-31 | 3.27% |
