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 23.11% is in line with its 5-year average of 23.07%, near the high end of its 5-year range (18.37%–24.63%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.55% above its 12-month average of 22.99%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.11%
TAX RATE AVG TTM
22.99%
TAX RATE AVG 3Y
23.70%
TAX RATE AVG 5Y
23.31%
TAX RATE AVG 10Y
23.34%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+0.55%
CURRENT VS 3Y AVG
-2.49%
CURRENT VS 5Y AVG
-0.83%
CURRENT VS 10Y AVG
-0.97%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
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 | 23.11% |
| 2025-12-31 | 21.11% |
| 2025-09-30 | 24.63% |
| 2025-06-30 | 23.01% |
| 2025-03-31 | 23.07% |
| 2024-12-31 | 20.45% |
| 2024-09-30 | 23.25% |
| 2024-06-30 | 23.82% |
| 2024-03-31 | 24.30% |
| 2023-12-31 | 18.37% |
| 2023-09-30 | 24.61% |
| 2023-06-30 | 23.32% |
| 2023-03-31 | 23.92% |
| 2022-12-31 | 22.13% |
| 2022-09-30 | 23.75% |
| 2022-06-30 | 24.58% |
| 2022-03-31 | 24.41% |
| 2021-12-31 | 22.35% |
| 2021-09-30 | 23.93% |
| 2021-06-30 | 24.31% |
| 2021-03-31 | 22.05% |
| 2020-12-31 | 21.82% |
| 2020-09-30 | 24.03% |
| 2020-06-30 | 18.64% |
| 2020-03-31 | 25.13% |
| 2019-12-31 | 20.63% |
| 2019-09-30 | 23.20% |
| 2019-06-30 | 24.45% |
| 2019-03-31 | 24.28% |
| 2018-12-31 | 22.63% |
| 2018-09-30 | 24.86% |
| 2018-06-30 | 21.97% |
| 2018-03-31 | 24.44% |
| 2017-12-31 | 56.00% |
| 2017-09-30 | 36.86% |
| 2017-06-30 | 37.06% |
| 2017-03-31 | 36.19% |
| 2016-12-31 | 36.56% |
| 2016-09-30 | 37.28% |
| 2016-06-30 | 36.58% |
| 2016-03-31 | 37.28% |
| 2015-12-31 | 36.98% |
| 2015-09-30 | 37.54% |
| 2015-06-30 | 37.17% |
| 2015-03-31 | 37.49% |
| 2014-12-31 | 37.75% |
| 2014-09-30 | 37.66% |
| 2014-06-30 | 38.22% |
| 2014-03-31 | 37.30% |
| 2013-12-31 | 35.98% |
| 2013-09-30 | 37.22% |
| 2013-06-30 | 37.38% |
| 2013-03-31 | 37.35% |
