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 22.30% is in line with its 5-year average of 22.58%, around the middle of its 5-year range (13.97%–39.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.48% below its 12-month average of 24.10%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.30%
TAX RATE AVG TTM
24.10%
TAX RATE AVG 3Y
22.52%
TAX RATE AVG 5Y
22.94%
TAX RATE AVG 10Y
22.75%
TAX RATE AVG 15Y
27.31%
TAX RATE AVG 20Y
30.06%
CURRENT VS TTM AVG
-7.48%
CURRENT VS 3Y AVG
-0.96%
CURRENT VS 5Y AVG
-2.80%
CURRENT VS 10Y AVG
-1.96%
CURRENT VS 15Y AVG
-18.35%
CURRENT VS 20Y AVG
-25.80%
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 | 22.30% |
| 2026-03-31 | 39.63% |
| 2025-12-31 | 14.84% |
| 2025-09-30 | 21.39% |
| 2025-06-30 | 22.35% |
| 2025-03-31 | 22.44% |
| 2024-12-31 | 13.97% |
| 2024-09-30 | 21.35% |
| 2024-06-30 | 23.61% |
| 2024-03-31 | 23.28% |
| 2023-12-31 | 21.25% |
| 2023-09-30 | 23.17% |
| 2023-06-30 | 24.03% |
| 2023-03-31 | 24.00% |
| 2022-12-31 | 15.75% |
| 2022-09-30 | 24.00% |
| 2022-06-30 | 23.91% |
| 2022-03-31 | 24.04% |
| 2021-12-31 | 22.23% |
| 2021-09-30 | 23.22% |
| 2021-06-30 | 23.48% |
| 2021-03-31 | 22.60% |
| 2020-12-31 | 10.81% |
| 2020-09-30 | 21.81% |
| 2020-06-30 | 23.56% |
| 2020-03-31 | 23.13% |
| 2019-12-31 | 17.56% |
| 2019-09-30 | 24.17% |
| 2019-06-30 | 23.43% |
| 2019-03-31 | 23.30% |
| 2018-12-31 | 20.93% |
| 2018-09-30 | 21.54% |
| 2018-06-30 | 23.73% |
| 2018-03-31 | 23.82% |
| 2017-12-31 | -87.89% |
| 2017-09-30 | 35.55% |
| 2017-06-30 | 35.00% |
| 2017-03-31 | 34.70% |
| 2016-12-31 | -35.89% |
| 2016-09-30 | 36.54% |
| 2016-06-30 | 36.54% |
| 2016-03-31 | 36.60% |
| 2015-09-30 | 37.18% |
| 2015-06-30 | 39.13% |
| 2015-03-31 | 33.43% |
| 2014-09-30 | 34.91% |
| 2014-06-30 | 35.97% |
| 2014-03-31 | 33.92% |
| 2013-12-31 | 37.83% |
| 2013-09-30 | 39.29% |
| 2013-06-30 | 40.29% |
| 2013-03-31 | 34.15% |
| 2012-12-31 | 13.79% |
| 2012-09-30 | 15.45% |
| 2012-06-30 | 39.05% |
| 2012-03-31 | 38.97% |
| 2011-12-31 | 37.15% |
| 2011-09-30 | 41.05% |
| 2011-06-30 | 35.75% |
| 2011-03-31 | 37.42% |
| 2010-12-31 | 49.01% |
| 2010-09-30 | 50.35% |
| 2010-06-30 | 38.99% |
| 2010-03-31 | 35.23% |
| 2009-12-31 | 42.69% |
| 2009-09-30 | 40.80% |
| 2008-09-30 | 37.15% |
| 2008-06-30 | 38.00% |
| 2008-03-31 | 38.00% |
| 2007-12-31 | 37.50% |
| 2007-09-30 | 37.10% |
| 2007-06-30 | 36.93% |
| 2007-03-31 | 38.00% |
| 2006-12-31 | 37.61% |
| 2006-09-30 | 38.20% |
| 2006-06-30 | 34.28% |
| 2006-03-31 | 38.50% |
| 2005-12-31 | 38.50% |
| 2005-09-30 | 38.50% |
| 2005-06-30 | 38.50% |
| 2005-03-31 | 38.50% |
| 2004-12-31 | 38.00% |
| 2004-09-30 | 38.00% |
| 2004-06-30 | 37.50% |
| 2004-03-31 | 37.50% |
| 2003-12-31 | 37.50% |
| 2003-09-30 | 37.50% |
| 2003-06-30 | 37.49% |
| 2003-03-31 | 37.50% |
| 2002-12-31 | 37.34% |
| 2002-09-30 | 37.50% |
