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 2.92% is 83% below its 4-year average of 17.04%, around the middle of its 4-year range (-93.21%–72.86%).
As of the fiscal period ended Tuesday, March 31, 2026. 93.68% below its 12-month average of 46.09%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q1 FY2026 (2026-03-31): 2.92%.
TAX RATE
2.92%
TAX RATE AVG TTM
46.09%
TAX RATE AVG 3Y
34.08%
TAX RATE AVG 5Y
17.04%
TAX RATE AVG 10Y
22.25%
TAX RATE AVG 15Y
27.84%
TAX RATE AVG 20Y
30.20%
CURRENT VS TTM AVG
-93.68%
CURRENT VS 3Y AVG
-91.45%
CURRENT VS 5Y AVG
-82.89%
CURRENT VS 10Y AVG
-86.90%
CURRENT VS 15Y AVG
-89.53%
CURRENT VS 20Y AVG
-90.35%
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 | 2.92% |
| 2025-09-30 | 62.50% |
| 2025-03-31 | 72.86% |
| 2023-09-30 | 15.72% |
| 2023-06-30 | 33.82% |
| 2023-03-31 | 16.69% |
| 2022-12-31 | 55.33% |
| 2022-09-30 | -13.30% |
| 2021-09-30 | -93.21% |
| 2019-09-30 | -59.34% |
| 2019-06-30 | -16.25% |
| 2019-03-31 | 13.36% |
| 2018-12-31 | -2.56% |
| 2018-09-30 | 18.42% |
| 2018-06-30 | 20.13% |
| 2018-03-31 | 20.75% |
| 2017-12-31 | 127.61% |
| 2017-09-30 | 29.78% |
| 2017-06-30 | 33.10% |
| 2017-03-31 | 32.74% |
| 2016-12-31 | 28.59% |
| 2016-09-30 | 28.04% |
| 2016-06-30 | 32.04% |
| 2016-03-31 | 33.23% |
| 2015-12-31 | -11.06% |
| 2015-09-30 | 34.48% |
| 2015-06-30 | 36.01% |
| 2015-03-31 | 36.00% |
| 2014-09-30 | 7.41% |
| 2014-06-30 | 45.48% |
| 2014-03-31 | 35.30% |
| 2013-12-31 | 21.07% |
| 2013-09-30 | 23.02% |
| 2013-06-30 | 32.61% |
| 2013-03-31 | 19.33% |
| 2012-12-31 | 34.36% |
| 2012-09-30 | 36.11% |
| 2012-06-30 | 36.02% |
| 2012-03-31 | 36.02% |
| 2011-12-31 | 34.26% |
| 2011-09-30 | 24.75% |
| 2011-06-30 | 35.02% |
| 2011-03-31 | 34.98% |
| 2010-12-31 | 24.88% |
| 2010-09-30 | 34.09% |
| 2010-06-30 | 36.60% |
| 2010-03-31 | 36.46% |
| 2009-12-31 | 32.12% |
| 2009-09-30 | 33.52% |
| 2009-06-30 | 33.37% |
| 2009-03-31 | 34.24% |
| 2008-12-31 | 27.31% |
| 2008-09-30 | 39.86% |
| 2008-06-30 | 24.48% |
| 2007-06-30 | 35.75% |
| 2006-12-31 | 36.29% |
| 2006-09-30 | 33.09% |
| 2006-06-30 | 35.47% |
| 2006-03-31 | 35.51% |
| 2005-09-30 | 5.60% |
| 2005-06-30 | 35.51% |
| 2005-03-31 | 35.32% |
| 2004-12-31 | 34.73% |
| 2004-09-30 | 34.48% |
| 2004-06-30 | 35.97% |
| 2004-03-31 | 36.00% |
| 2003-09-03 | 35.99% |
| 2003-06-30 | 33.42% |
