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 22.91% is 71% above its 5-year average of 13.40%, near the high end of its 5-year range (-145.68%–36.25%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.85% above its 12-month average of 22.27%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.91%
TAX RATE AVG TTM
22.27%
TAX RATE AVG 3Y
22.03%
TAX RATE AVG 5Y
22.19%
TAX RATE AVG 10Y
20.91%
TAX RATE AVG 15Y
18.68%
TAX RATE AVG 20Y
17.71%
CURRENT VS TTM AVG
+2.85%
CURRENT VS 3Y AVG
+3.98%
CURRENT VS 5Y AVG
+3.21%
CURRENT VS 10Y AVG
+9.54%
CURRENT VS 15Y AVG
+22.60%
CURRENT VS 20Y AVG
+29.32%
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 | 22.91% |
| 2025-12-31 | 21.40% |
| 2025-06-30 | 23.54% |
| 2025-03-31 | 21.24% |
| 2024-12-31 | 15.19% |
| 2024-09-30 | -145.68% |
| 2024-06-30 | 24.04% |
| 2024-03-31 | 20.91% |
| 2023-12-31 | 36.25% |
| 2023-09-30 | 20.66% |
| 2023-06-30 | 21.54% |
| 2023-03-31 | 28.16% |
| 2022-09-30 | 20.11% |
| 2022-06-30 | 12.75% |
| 2022-03-31 | 20.96% |
| 2021-12-31 | 24.75% |
| 2021-09-30 | 5.58% |
| 2021-06-30 | 25.32% |
| 2021-03-31 | 35.08% |
| 2020-09-30 | 23.09% |
| 2020-06-30 | 50.91% |
| 2019-12-31 | 19.55% |
| 2019-06-30 | 17.57% |
| 2019-03-31 | 17.76% |
| 2018-12-31 | -9.24% |
| 2018-09-30 | 15.73% |
| 2018-06-30 | 17.63% |
| 2018-03-31 | 20.96% |
| 2017-12-31 | -194.97% |
| 2017-09-30 | 33.67% |
| 2017-06-30 | 27.35% |
| 2017-03-31 | 23.66% |
| 2016-12-31 | 40.80% |
| 2016-09-30 | 8.77% |
| 2016-06-30 | 10.77% |
| 2016-03-31 | 11.40% |
| 2015-12-31 | 18.72% |
| 2015-06-30 | 20.14% |
| 2015-03-31 | 13.69% |
| 2014-12-31 | 22.47% |
| 2014-06-30 | 11.05% |
| 2014-03-31 | 2.83% |
| 2013-12-31 | 9.43% |
| 2013-09-28 | 21.04% |
| 2013-06-29 | 10.92% |
| 2013-03-30 | 8.45% |
| 2012-12-31 | 53.54% |
| 2012-09-29 | 17.48% |
| 2012-06-30 | 20.92% |
| 2012-03-31 | 17.91% |
| 2011-12-31 | 4.95% |
| 2011-09-24 | 13.80% |
| 2011-06-25 | 16.09% |
| 2011-03-26 | 16.35% |
| 2010-12-31 | 11.30% |
| 2010-09-25 | 19.05% |
| 2010-06-26 | 17.93% |
| 2010-03-27 | 15.70% |
| 2009-12-31 | -64.71% |
| 2009-09-26 | 9.35% |
| 2009-06-28 | 20.12% |
| 2009-03-29 | -1.65% |
| 2008-12-31 | 19.70% |
| 2008-09-28 | 25.03% |
| 2008-06-29 | 22.65% |
| 2008-03-30 | -11.96% |
| 2007-12-31 | -15.49% |
| 2007-09-30 | -4.22% |
| 2007-07-01 | 13.09% |
| 2007-04-01 | 18.74% |
| 2006-12-31 | 24.37% |
| 2006-09-24 | 31.13% |
| 2006-06-25 | -3.16% |
| 2005-12-31 | 13.47% |
| 2005-09-25 | 6.36% |
| 2005-06-26 | 53.03% |
| 2004-12-31 | 29.86% |
| 2004-09-26 | 30.17% |
| 2004-06-27 | 32.03% |
| 2004-03-28 | 33.69% |
| 2003-12-31 | 33.07% |
| 2003-09-28 | 35.85% |
| 2003-06-29 | 25.81% |
| 2003-03-30 | 36.03% |
| 2002-12-31 | 33.35% |
| 2002-09-29 | 37.49% |
| 2002-06-30 | 36.64% |
