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 25.09% is in line with its 5-year average of 25.36%, near the low end of its 5-year range (21.19%–48.81%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.01% below its 12-month average of 26.69%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.09%
TAX RATE AVG TTM
26.69%
TAX RATE AVG 3Y
23.79%
TAX RATE AVG 5Y
23.73%
TAX RATE AVG 10Y
25.15%
TAX RATE AVG 15Y
26.23%
TAX RATE AVG 20Y
27.19%
CURRENT VS TTM AVG
-6.01%
CURRENT VS 3Y AVG
+5.44%
CURRENT VS 5Y AVG
+5.74%
CURRENT VS 10Y AVG
-0.23%
CURRENT VS 15Y AVG
-4.36%
CURRENT VS 20Y AVG
-7.71%
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 | 25.09% |
| 2025-12-31 | 27.06% |
| 2025-09-30 | 26.65% |
| 2025-06-30 | 33.07% |
| 2025-03-31 | 21.59% |
| 2024-12-31 | 48.81% |
| 2024-09-30 | 22.62% |
| 2024-06-30 | 23.12% |
| 2024-03-31 | 21.38% |
| 2023-12-31 | 21.78% |
| 2023-09-30 | 23.91% |
| 2023-06-30 | 24.73% |
| 2023-03-31 | 23.79% |
| 2022-12-31 | 21.19% |
| 2022-09-30 | 22.65% |
| 2022-06-30 | 24.37% |
| 2022-03-31 | 24.02% |
| 2021-12-31 | 25.69% |
| 2021-09-30 | 21.26% |
| 2021-06-30 | 25.52% |
| 2021-03-31 | 24.34% |
| 2020-12-31 | 22.92% |
| 2020-09-30 | 21.44% |
| 2020-06-30 | 27.77% |
| 2020-03-31 | 21.47% |
| 2019-12-31 | 27.95% |
| 2019-09-30 | 21.22% |
| 2019-06-30 | 25.85% |
| 2019-03-31 | 24.32% |
| 2018-12-31 | 23.55% |
| 2018-09-30 | 21.48% |
| 2018-06-30 | 23.75% |
| 2018-03-31 | 21.83% |
| 2017-12-31 | -110.85% |
| 2017-09-30 | 30.98% |
| 2017-06-30 | 27.40% |
| 2017-03-31 | 29.27% |
| 2016-12-31 | 31.51% |
| 2016-09-30 | 30.62% |
| 2016-06-30 | 33.03% |
| 2016-03-31 | 30.50% |
| 2015-12-31 | 24.48% |
| 2015-09-30 | 31.48% |
| 2015-06-30 | 24.97% |
| 2015-03-31 | 32.25% |
| 2014-12-31 | 26.53% |
| 2014-09-27 | 27.94% |
| 2014-06-28 | 32.46% |
| 2014-03-29 | 43.95% |
| 2013-12-31 | 26.07% |
| 2013-09-28 | 28.83% |
| 2013-06-29 | 23.27% |
| 2013-03-30 | 32.78% |
| 2012-12-31 | 28.49% |
| 2012-09-29 | 32.48% |
| 2012-06-30 | 28.91% |
| 2012-03-31 | 25.35% |
| 2011-12-31 | 21.30% |
| 2011-10-01 | 27.92% |
| 2011-07-02 | 31.19% |
| 2011-04-02 | 34.04% |
| 2010-12-31 | 26.80% |
| 2010-10-02 | 26.85% |
| 2010-07-03 | 28.46% |
| 2010-04-03 | 34.47% |
| 2009-10-03 | 29.47% |
| 2009-07-04 | 34.35% |
| 2009-04-04 | 28.17% |
| 2008-12-31 | 13.04% |
| 2008-09-27 | 32.96% |
| 2008-06-28 | 34.74% |
| 2008-03-29 | 30.10% |
| 2007-12-31 | 37.62% |
| 2007-09-29 | 33.35% |
| 2007-06-30 | 28.49% |
| 2007-03-31 | 32.95% |
| 2006-12-31 | 27.18% |
| 2006-09-30 | 31.34% |
| 2006-07-01 | 29.41% |
| 2006-04-01 | 32.07% |
| 2005-12-31 | 32.68% |
| 2005-10-01 | 31.74% |
| 2005-07-02 | 31.70% |
| 2005-04-02 | 31.91% |
| 2004-12-31 | 26.28% |
| 2004-10-02 | 33.70% |
| 2004-07-03 | 33.70% |
| 2004-04-03 | 33.70% |
| 2003-12-31 | 33.02% |
| 2003-09-27 | 33.80% |
| 2003-06-28 | 33.80% |
| 2003-03-29 | 33.80% |
| 2002-12-31 | 33.80% |
| 2002-09-28 | 33.80% |
| 2002-06-29 | 34.50% |
