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 28.33% is 97% above its 5-year average of 14.41%, near the high end of its 5-year range (-105.88%–40.98%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.38% below its 12-month average of 28.73%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
28.33%
TAX RATE AVG TTM
28.73%
TAX RATE AVG 3Y
19.26%
TAX RATE AVG 5Y
14.41%
TAX RATE AVG 10Y
18.54%
TAX RATE AVG 15Y
22.76%
TAX RATE AVG 20Y
25.99%
CURRENT VS TTM AVG
-1.38%
CURRENT VS 3Y AVG
+47.13%
CURRENT VS 5Y AVG
+96.65%
CURRENT VS 10Y AVG
+52.83%
CURRENT VS 15Y AVG
+24.47%
CURRENT VS 20Y AVG
+9.02%
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 | 28.33% |
| 2025-12-31 | 25.16% |
| 2025-09-30 | 20.43% |
| 2025-03-31 | 40.98% |
| 2024-12-31 | 18.63% |
| 2024-09-30 | 16.36% |
| 2024-06-30 | 2.58% |
| 2024-03-31 | 19.69% |
| 2023-12-31 | 17.74% |
| 2023-09-30 | -2.90% |
| 2023-06-30 | 14.53% |
| 2023-03-31 | 12.44% |
| 2022-12-31 | 24.72% |
| 2022-09-30 | 13.48% |
| 2022-06-30 | 21.68% |
| 2022-03-31 | 12.55% |
| 2021-12-31 | 16.38% |
| 2021-09-30 | -2.37% |
| 2021-06-30 | -105.88% |
| 2021-03-31 | -0.11% |
| 2020-12-31 | 18.14% |
| 2020-09-30 | 15.11% |
| 2020-06-30 | 4.36% |
| 2020-03-31 | 22.19% |
| 2019-12-31 | 20.42% |
| 2019-09-30 | 19.14% |
| 2019-06-30 | 27.76% |
| 2019-03-31 | 10.47% |
| 2018-12-31 | 19.35% |
| 2018-09-30 | 1.04% |
| 2018-06-30 | 27.31% |
| 2018-03-31 | 20.99% |
| 2017-12-31 | -124.78% |
| 2017-09-30 | 30.93% |
| 2017-06-30 | 26.22% |
| 2017-03-31 | 28.77% |
| 2016-12-31 | 53.37% |
| 2016-09-30 | 32.51% |
| 2016-06-30 | 32.15% |
| 2016-03-31 | 28.71% |
| 2015-12-31 | 26.92% |
| 2015-09-30 | 28.70% |
| 2015-06-30 | 31.15% |
| 2015-03-31 | 37.33% |
| 2014-12-31 | 21.98% |
| 2014-09-30 | 30.90% |
| 2014-06-30 | 32.01% |
| 2014-03-31 | 31.32% |
| 2013-12-31 | 30.82% |
| 2013-09-30 | 30.83% |
| 2013-06-30 | 30.30% |
| 2013-03-31 | 25.52% |
| 2012-12-31 | 32.27% |
| 2012-09-30 | 32.43% |
| 2012-06-30 | 32.93% |
| 2012-03-31 | 26.50% |
| 2011-12-31 | 31.84% |
| 2011-09-30 | 32.05% |
| 2011-06-30 | 34.07% |
| 2011-03-31 | 31.55% |
| 2010-12-31 | 29.57% |
| 2010-09-30 | 32.30% |
| 2010-06-30 | 32.92% |
| 2010-03-31 | 21.84% |
| 2009-12-31 | 32.64% |
| 2009-09-30 | 32.58% |
| 2009-06-30 | 32.17% |
| 2009-03-31 | 32.32% |
| 2008-12-31 | 30.83% |
| 2008-09-30 | 33.42% |
| 2008-06-30 | 32.71% |
| 2008-03-31 | 31.17% |
| 2007-12-31 | 33.56% |
| 2007-09-30 | 33.61% |
| 2007-06-30 | 32.86% |
| 2007-03-31 | 35.16% |
| 2006-12-31 | 33.89% |
| 2006-09-30 | 33.93% |
| 2006-06-30 | 34.19% |
| 2006-03-31 | 34.71% |
| 2005-12-31 | 33.68% |
| 2005-09-30 | 33.30% |
| 2005-06-30 | 32.61% |
| 2005-03-31 | 33.92% |
| 2004-12-31 | 34.17% |
| 2004-09-30 | 34.74% |
| 2004-06-30 | 37.04% |
| 2004-03-31 | 36.24% |
| 2003-12-31 | 34.98% |
| 2003-09-30 | 35.05% |
| 2003-06-30 | 35.13% |
| 2003-03-31 | 35.17% |
| 2002-12-31 | 34.07% |
| 2002-09-30 | 34.34% |
