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 20.53% is in line with its 5-year average of 21.54%, near the low end of its 5-year range (18.73%–37.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.54% below its 12-month average of 21.07%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.53%
TAX RATE AVG TTM
21.07%
TAX RATE AVG 3Y
21.63%
TAX RATE AVG 5Y
21.54%
TAX RATE AVG 10Y
20.85%
TAX RATE AVG 15Y
26.55%
TAX RATE AVG 20Y
27.73%
CURRENT VS TTM AVG
-2.54%
CURRENT VS 3Y AVG
-5.09%
CURRENT VS 5Y AVG
-4.70%
CURRENT VS 10Y AVG
-1.51%
CURRENT VS 15Y AVG
-22.66%
CURRENT VS 20Y AVG
-25.97%
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 | 20.53% |
| 2026-03-31 | 22.15% |
| 2025-12-31 | 18.73% |
| 2025-09-30 | 21.87% |
| 2025-06-30 | 22.05% |
| 2025-03-31 | 21.85% |
| 2024-12-31 | 21.60% |
| 2024-09-30 | 21.28% |
| 2024-06-30 | 21.75% |
| 2024-03-31 | 21.62% |
| 2023-12-31 | 22.06% |
| 2023-09-30 | 21.76% |
| 2023-06-30 | 21.04% |
| 2023-03-31 | 21.55% |
| 2022-12-31 | 22.18% |
| 2022-09-30 | 20.82% |
| 2022-06-30 | 21.95% |
| 2022-03-31 | 21.30% |
| 2021-12-31 | 37.05% |
| 2021-09-30 | 19.20% |
| 2021-06-30 | 20.41% |
| 2021-03-31 | 19.31% |
| 2020-12-31 | 19.06% |
| 2020-09-30 | 20.26% |
| 2020-06-30 | 21.02% |
| 2020-03-31 | 19.57% |
| 2019-12-31 | 22.40% |
| 2019-09-30 | 19.71% |
| 2019-06-30 | 21.14% |
| 2019-03-31 | 20.25% |
| 2018-12-31 | 19.93% |
| 2018-09-30 | 19.67% |
| 2018-06-30 | 20.04% |
| 2018-03-31 | 19.81% |
| 2017-12-31 | 45.86% |
| 2017-09-30 | 32.45% |
| 2017-06-30 | 32.46% |
| 2017-03-31 | 32.69% |
| 2016-12-31 | 32.18% |
| 2016-09-30 | 31.83% |
| 2016-06-30 | 32.97% |
| 2016-03-31 | 32.61% |
| 2015-12-31 | 32.60% |
| 2015-09-30 | 33.49% |
| 2015-06-30 | 32.27% |
| 2015-03-31 | 34.33% |
| 2014-12-31 | 32.50% |
| 2014-09-30 | 32.51% |
| 2014-06-30 | 32.62% |
| 2014-03-31 | 31.86% |
| 2013-12-31 | 32.54% |
| 2013-09-30 | 33.13% |
| 2013-06-30 | 32.26% |
| 2013-03-31 | 29.19% |
| 2012-12-31 | 33.85% |
| 2012-09-30 | 32.32% |
| 2012-06-30 | 33.58% |
| 2012-03-31 | 32.35% |
| 2011-12-31 | 34.46% |
| 2011-09-30 | 32.99% |
| 2011-06-30 | 32.41% |
| 2011-03-31 | 31.23% |
| 2010-12-31 | 31.34% |
| 2010-09-30 | 30.62% |
| 2010-06-30 | 31.97% |
| 2010-03-31 | 30.08% |
| 2009-12-31 | 29.68% |
| 2009-09-30 | 30.38% |
| 2009-06-30 | 30.78% |
| 2009-03-31 | 37.20% |
| 2008-12-31 | 38.25% |
| 2008-09-30 | 29.97% |
| 2008-06-30 | 29.35% |
| 2008-03-31 | 29.87% |
| 2007-12-31 | 31.90% |
| 2007-09-30 | 30.71% |
| 2007-06-30 | 29.89% |
| 2007-03-31 | 29.16% |
| 2006-12-31 | 31.83% |
| 2006-09-30 | 31.60% |
| 2006-06-30 | 31.36% |
| 2006-03-31 | 30.64% |
| 2005-12-31 | 28.66% |
| 2005-09-30 | 30.94% |
| 2005-06-30 | 30.39% |
| 2005-03-31 | 30.03% |
| 2004-12-31 | 26.84% |
| 2004-09-30 | 33.55% |
| 2004-06-30 | 29.57% |
| 2004-03-31 | 28.53% |
| 2003-12-31 | 29.82% |
| 2003-09-30 | 29.61% |
| 2003-06-30 | 30.46% |
| 2003-03-31 | 29.14% |
| 2002-12-31 | 32.05% |
| 2002-09-30 | 30.09% |
