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 31.41% is 16% below its 5-year average of 37.18%, near the low end of its 5-year range (13.83%–126.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.61% below its 12-month average of 35.95%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
31.41%
TAX RATE AVG TTM
35.95%
TAX RATE AVG 3Y
38.70%
TAX RATE AVG 5Y
37.18%
TAX RATE AVG 10Y
34.87%
TAX RATE AVG 15Y
37.59%
TAX RATE AVG 20Y
38.78%
CURRENT VS TTM AVG
-12.61%
CURRENT VS 3Y AVG
-18.83%
CURRENT VS 5Y AVG
-15.51%
CURRENT VS 10Y AVG
-9.92%
CURRENT VS 15Y AVG
-16.42%
CURRENT VS 20Y AVG
-18.99%
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 | 31.41% |
| 2026-03-31 | 38.27% |
| 2025-12-31 | 39.42% |
| 2025-09-30 | 31.60% |
| 2025-06-30 | 39.03% |
| 2025-03-31 | 45.57% |
| 2024-12-31 | 75.24% |
| 2024-09-30 | 39.60% |
| 2024-06-30 | 50.70% |
| 2024-03-31 | 32.63% |
| 2023-12-31 | 67.26% |
| 2023-09-30 | 36.44% |
| 2023-06-30 | 41.04% |
| 2023-03-31 | 38.89% |
| 2022-12-31 | 36.34% |
| 2022-09-30 | 40.11% |
| 2022-06-30 | 30.28% |
| 2022-03-31 | 32.08% |
| 2021-12-31 | 28.67% |
| 2021-09-30 | 126.57% |
| 2021-06-30 | 13.83% |
| 2021-03-31 | 29.78% |
| 2020-09-30 | -23.53% |
| 2020-03-31 | 103.69% |
| 2019-12-31 | 60.98% |
| 2019-09-30 | 28.05% |
| 2019-06-30 | 35.69% |
| 2019-03-31 | 34.53% |
| 2018-12-31 | 28.59% |
| 2018-09-30 | 37.96% |
| 2018-06-30 | 35.61% |
| 2018-03-31 | 27.92% |
| 2017-12-31 | 39.91% |
| 2017-09-30 | 25.61% |
| 2017-06-30 | 35.51% |
| 2017-03-31 | -8.13% |
| 2016-12-31 | 53.09% |
| 2016-09-30 | 22.86% |
| 2016-06-30 | -33.19% |
| 2015-06-30 | 26.17% |
| 2015-03-31 | 22.30% |
| 2014-12-31 | 83.47% |
| 2014-09-30 | 45.49% |
| 2014-06-30 | 41.41% |
| 2014-03-31 | 46.85% |
| 2013-12-31 | 69.43% |
| 2013-09-30 | 47.14% |
| 2013-06-30 | 67.59% |
| 2013-03-31 | 38.14% |
| 2012-12-31 | 45.50% |
| 2012-09-30 | 42.49% |
| 2012-06-30 | 58.83% |
| 2012-03-31 | 42.36% |
| 2011-12-31 | 45.21% |
| 2011-09-30 | 43.91% |
| 2011-06-30 | 41.19% |
| 2011-03-31 | 45.66% |
| 2010-12-31 | 39.12% |
| 2010-09-30 | 33.80% |
| 2010-06-30 | 48.61% |
| 2010-03-31 | 44.15% |
| 2009-12-31 | 58.74% |
| 2009-09-30 | 28.04% |
| 2009-06-30 | 33.20% |
| 2009-03-31 | 38.68% |
| 2008-09-30 | 45.17% |
| 2008-06-30 | 41.57% |
| 2008-03-31 | 41.42% |
| 2007-12-31 | 35.52% |
| 2007-09-30 | 38.72% |
| 2007-06-30 | 38.06% |
| 2007-03-31 | 35.14% |
| 2006-12-31 | 39.74% |
| 2006-09-30 | 41.88% |
| 2006-06-30 | 39.26% |
| 2006-03-31 | 43.08% |
| 2005-12-31 | 43.69% |
| 2005-09-30 | 36.95% |
| 2005-06-30 | 45.69% |
| 2005-03-31 | 37.84% |
| 2004-12-31 | 36.76% |
| 2004-09-30 | 40.29% |
