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 20.40% is in line with its 5-year average of 18.93%, near the high end of its 5-year range (12.62%–22.60%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.16% above its 12-month average of 19.21%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.40%
TAX RATE AVG TTM
19.21%
TAX RATE AVG 3Y
19.21%
TAX RATE AVG 5Y
19.08%
TAX RATE AVG 10Y
18.45%
TAX RATE AVG 15Y
20.02%
TAX RATE AVG 20Y
20.44%
CURRENT VS TTM AVG
+6.16%
CURRENT VS 3Y AVG
+6.19%
CURRENT VS 5Y AVG
+6.88%
CURRENT VS 10Y AVG
+10.56%
CURRENT VS 15Y AVG
+1.88%
CURRENT VS 20Y AVG
-0.22%
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 | 20.40% |
| 2025-12-31 | 12.62% |
| 2025-09-30 | 22.60% |
| 2025-06-30 | 18.44% |
| 2025-03-31 | 22.01% |
| 2024-12-31 | 19.39% |
| 2024-09-30 | 19.18% |
| 2024-06-30 | 19.42% |
| 2024-03-31 | 19.09% |
| 2023-12-31 | 19.89% |
| 2023-09-30 | 18.57% |
| 2023-06-30 | 19.03% |
| 2023-03-31 | 18.69% |
| 2022-12-31 | 19.60% |
| 2022-09-30 | 18.96% |
| 2022-06-30 | 15.80% |
| 2022-03-31 | 18.50% |
| 2021-12-31 | 19.18% |
| 2021-09-30 | 18.67% |
| 2021-06-30 | 18.27% |
| 2021-03-31 | 19.17% |
| 2020-12-31 | 18.90% |
| 2019-12-31 | 24.12% |
| 2019-06-30 | 16.69% |
| 2019-03-31 | 15.52% |
| 2018-12-31 | 15.43% |
| 2018-09-30 | 16.39% |
| 2018-06-30 | 19.38% |
| 2018-03-31 | 17.57% |
| 2017-09-30 | 17.87% |
| 2017-06-30 | 576.47% |
| 2017-03-31 | 14.97% |
| 2016-09-30 | 5.00% |
| 2016-03-31 | 15.92% |
| 2015-09-30 | 19.95% |
| 2015-06-30 | 21.03% |
| 2015-03-31 | 23.65% |
| 2014-12-31 | 55.66% |
| 2014-09-30 | 22.06% |
| 2014-06-30 | 21.74% |
| 2014-03-31 | 22.58% |
| 2013-12-31 | 22.44% |
| 2013-09-30 | 22.68% |
| 2013-06-30 | 16.80% |
| 2013-03-31 | 24.54% |
| 2012-12-31 | 24.13% |
| 2012-09-30 | 23.80% |
| 2012-06-30 | 24.20% |
| 2012-03-31 | 23.88% |
| 2011-12-31 | 24.71% |
| 2011-09-30 | 23.88% |
| 2011-06-30 | 24.97% |
| 2011-03-31 | 23.83% |
| 2010-12-31 | 21.72% |
| 2010-09-30 | 10.77% |
| 2010-06-30 | 17.81% |
| 2010-03-31 | 24.10% |
| 2009-12-31 | 17.59% |
| 2009-09-30 | 19.49% |
| 2009-06-30 | 19.82% |
| 2009-03-31 | 21.14% |
| 2008-12-31 | 22.07% |
| 2008-09-30 | 21.36% |
| 2008-06-30 | 20.94% |
| 2008-03-31 | 19.10% |
| 2007-12-31 | 20.52% |
| 2007-09-30 | 20.83% |
| 2007-06-30 | 22.29% |
| 2007-03-31 | 24.04% |
| 2006-12-31 | 22.97% |
| 2006-09-30 | 24.10% |
| 2006-06-30 | 24.40% |
| 2006-03-31 | 25.11% |
| 2005-12-31 | 22.98% |
| 2005-09-30 | 23.63% |
| 2005-06-30 | 24.92% |
| 2005-03-31 | 20.27% |
| 2004-12-31 | 16.35% |
| 2004-09-30 | 19.84% |
| 2004-06-30 | 22.92% |
| 2004-03-31 | 30.24% |
| 2003-12-31 | 49.15% |
| 2003-06-30 | 30.27% |
| 2003-03-31 | 31.63% |
| 2002-09-30 | 26.74% |
