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 23.55% is in line with its 5-year average of 24.41%, around the middle of its 5-year range (19.61%–28.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.44% above its 12-month average of 23.21%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.55%
TAX RATE AVG TTM
23.21%
TAX RATE AVG 3Y
23.95%
TAX RATE AVG 5Y
24.44%
TAX RATE AVG 10Y
24.15%
TAX RATE AVG 15Y
30.23%
TAX RATE AVG 20Y
32.11%
CURRENT VS TTM AVG
+1.44%
CURRENT VS 3Y AVG
-1.69%
CURRENT VS 5Y AVG
-3.63%
CURRENT VS 10Y AVG
-2.49%
CURRENT VS 15Y AVG
-22.10%
CURRENT VS 20Y AVG
-26.66%
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 | 23.55% |
| 2026-03-31 | 23.43% |
| 2025-12-31 | 24.87% |
| 2025-09-30 | 22.13% |
| 2025-06-30 | 22.09% |
| 2025-03-31 | 24.27% |
| 2024-12-31 | 27.28% |
| 2024-09-30 | 22.48% |
| 2024-06-30 | 24.76% |
| 2024-03-31 | 23.48% |
| 2023-12-31 | 26.79% |
| 2023-09-30 | 24.81% |
| 2023-06-30 | 24.78% |
| 2023-03-31 | 28.71% |
| 2022-12-31 | 25.51% |
| 2022-09-30 | 27.25% |
| 2022-06-30 | 25.96% |
| 2022-03-31 | 24.23% |
| 2021-12-31 | 19.61% |
| 2021-09-30 | 23.08% |
| 2021-06-30 | 23.53% |
| 2021-03-31 | 23.16% |
| 2020-12-31 | 18.88% |
| 2020-09-30 | 24.11% |
| 2020-06-30 | 24.80% |
| 2020-03-31 | 19.48% |
| 2019-12-31 | 20.84% |
| 2019-09-30 | 22.36% |
| 2019-06-30 | 24.84% |
| 2019-03-31 | 24.66% |
| 2018-12-31 | 30.33% |
| 2018-09-30 | 24.02% |
| 2018-06-30 | 26.91% |
| 2018-03-31 | 24.07% |
| 2017-12-31 | 38.93% |
| 2017-09-30 | 34.36% |
| 2017-06-30 | 37.06% |
| 2017-03-31 | 37.11% |
| 2016-12-31 | 36.26% |
| 2016-09-30 | 35.69% |
| 2016-06-30 | 35.02% |
| 2016-03-31 | 36.83% |
| 2015-12-31 | 39.17% |
| 2015-09-30 | 39.58% |
| 2015-06-30 | 38.39% |
| 2015-03-31 | 38.66% |
| 2014-12-31 | 39.11% |
| 2014-09-30 | 38.53% |
| 2014-06-30 | 38.74% |
| 2014-03-31 | 38.05% |
| 2013-12-31 | 39.02% |
| 2013-09-30 | 38.22% |
| 2013-06-30 | 38.08% |
| 2013-03-31 | 38.12% |
| 2012-12-31 | 38.64% |
| 2012-09-30 | 38.22% |
| 2012-06-30 | 38.34% |
| 2012-03-31 | 38.53% |
| 2011-12-31 | 38.53% |
| 2011-09-30 | 37.44% |
| 2011-06-30 | 38.38% |
| 2011-03-31 | 38.30% |
| 2010-12-31 | 35.75% |
| 2010-09-30 | 37.56% |
| 2010-06-30 | 38.33% |
| 2010-03-31 | 37.30% |
| 2009-12-31 | 36.46% |
| 2009-09-30 | 37.46% |
| 2009-06-30 | 38.20% |
| 2009-03-31 | 35.39% |
| 2008-12-31 | 40.59% |
| 2008-09-30 | 37.51% |
| 2008-06-30 | 39.11% |
| 2008-03-31 | 38.01% |
| 2007-12-31 | 36.77% |
| 2007-09-30 | 37.95% |
| 2007-06-30 | 38.28% |
| 2007-03-31 | 38.06% |
| 2006-12-31 | 37.47% |
| 2006-09-30 | 41.04% |
| 2006-06-30 | 37.29% |
| 2006-03-31 | 37.29% |
| 2005-12-31 | 36.45% |
| 2005-09-30 | 36.85% |
| 2005-06-30 | 36.16% |
| 2005-03-31 | 36.82% |
| 2004-12-31 | 34.93% |
| 2004-09-30 | 37.64% |
| 2004-06-30 | 37.53% |
| 2004-03-31 | 37.47% |
| 2003-12-31 | 38.29% |
| 2003-09-30 | 37.33% |
| 2003-06-30 | 37.60% |
| 2003-03-31 | 37.76% |
| 2002-12-31 | 34.49% |
| 2002-09-30 | 38.56% |
