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 25.25% is in line with its 5-year average of 23.94%, near the high end of its 5-year range (11.33%–31.09%).
As of the fiscal period ended Tuesday, March 31, 2026. 7.29% above its 12-month average of 23.54%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.25%
TAX RATE AVG TTM
23.54%
TAX RATE AVG 3Y
24.08%
TAX RATE AVG 5Y
24.45%
TAX RATE AVG 10Y
26.00%
TAX RATE AVG 15Y
25.96%
TAX RATE AVG 20Y
26.33%
CURRENT VS TTM AVG
+7.29%
CURRENT VS 3Y AVG
+4.86%
CURRENT VS 5Y AVG
+3.27%
CURRENT VS 10Y AVG
-2.87%
CURRENT VS 15Y AVG
-2.73%
CURRENT VS 20Y AVG
-4.09%
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 | 25.25% |
| 2025-12-31 | 24.42% |
| 2025-09-30 | 21.80% |
| 2025-06-30 | 23.11% |
| 2025-03-31 | 23.10% |
| 2024-12-31 | 24.36% |
| 2024-09-30 | 25.04% |
| 2024-06-30 | 24.33% |
| 2024-03-31 | 11.33% |
| 2023-12-31 | 20.14% |
| 2023-09-30 | 30.69% |
| 2023-06-30 | 29.25% |
| 2023-03-31 | 14.20% |
| 2022-12-31 | 26.05% |
| 2022-09-30 | 24.63% |
| 2022-03-31 | 30.90% |
| 2021-12-31 | 25.99% |
| 2021-09-30 | 31.09% |
| 2021-06-30 | 19.44% |
| 2021-03-31 | 23.64% |
| 2020-12-31 | 24.85% |
| 2020-09-30 | 26.22% |
| 2020-06-30 | 30.36% |
| 2020-03-31 | 22.96% |
| 2019-12-31 | 18.41% |
| 2019-09-30 | 35.19% |
| 2019-06-30 | 26.44% |
| 2019-03-31 | 14.36% |
| 2018-12-31 | 27.73% |
| 2018-09-30 | 53.20% |
| 2018-06-30 | 28.63% |
| 2018-03-31 | 25.95% |
| 2017-12-31 | 6.27% |
| 2017-09-30 | 21.69% |
| 2017-06-30 | 19.73% |
| 2017-03-31 | 33.61% |
| 2016-12-31 | 26.98% |
| 2016-09-30 | 33.35% |
| 2016-06-30 | 27.85% |
| 2016-03-31 | 26.84% |
| 2015-12-31 | 20.85% |
| 2015-09-30 | 35.21% |
| 2015-06-30 | 20.50% |
| 2015-03-31 | 21.73% |
| 2014-12-31 | 28.97% |
| 2014-09-30 | 26.24% |
| 2014-06-30 | 25.61% |
| 2014-03-31 | 28.05% |
| 2013-12-31 | 29.72% |
| 2013-09-30 | 26.04% |
| 2013-06-30 | 25.92% |
| 2013-03-31 | 26.41% |
| 2012-12-31 | 32.35% |
| 2012-09-30 | 25.93% |
| 2012-06-30 | 34.23% |
| 2012-03-31 | 30.32% |
| 2011-12-31 | 26.18% |
| 2011-09-30 | 32.86% |
| 2011-06-30 | 29.16% |
| 2011-03-31 | 15.07% |
| 2010-12-31 | 28.97% |
| 2010-06-30 | 29.83% |
| 2010-03-31 | 26.33% |
| 2009-12-31 | 30.45% |
| 2009-06-30 | 26.35% |
| 2009-03-31 | 28.46% |
| 2008-12-31 | 27.38% |
| 2008-06-30 | 27.98% |
| 2008-03-31 | 28.39% |
| 2007-12-31 | 28.94% |
| 2007-09-30 | 2.61% |
| 2007-06-30 | 35.46% |
| 2007-03-31 | 23.50% |
| 2006-12-31 | 33.72% |
| 2006-09-30 | 25.18% |
| 2006-06-30 | 20.37% |
| 2006-03-31 | 20.90% |
| 2005-12-31 | 21.27% |
| 2005-09-30 | 25.04% |
| 2005-06-30 | 22.22% |
| 2005-03-31 | 19.18% |
| 2004-12-31 | 24.42% |
| 2004-09-30 | 27.55% |
| 2004-06-30 | 17.77% |
| 2004-03-31 | -7.16% |
| 2003-12-31 | 29.62% |
| 2003-09-30 | 17.95% |
| 2003-06-30 | 22.13% |
| 2003-03-31 | 26.83% |
| 2002-12-31 | 37.08% |
| 2002-09-30 | 60.39% |
| 2002-06-30 | 26.26% |
