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 15.50% is 13% below its 5-year average of 17.83%, around the middle of its 5-year range (-18.25%–33.72%).
As of the fiscal period ended Tuesday, March 31, 2026. 19.63% below its 12-month average of 19.29%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
15.50%
TAX RATE AVG TTM
19.29%
TAX RATE AVG 3Y
20.90%
TAX RATE AVG 5Y
19.63%
TAX RATE AVG 10Y
15.99%
TAX RATE AVG 15Y
21.55%
TAX RATE AVG 20Y
24.04%
CURRENT VS TTM AVG
-19.63%
CURRENT VS 3Y AVG
-25.85%
CURRENT VS 5Y AVG
-21.04%
CURRENT VS 10Y AVG
-3.08%
CURRENT VS 15Y AVG
-28.07%
CURRENT VS 20Y AVG
-35.52%
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 | 15.50% |
| 2025-12-31 | 23.58% |
| 2025-09-30 | 27.50% |
| 2025-06-30 | 16.28% |
| 2025-03-31 | 13.57% |
| 2024-12-31 | 19.12% |
| 2024-09-30 | 22.59% |
| 2024-06-30 | 28.40% |
| 2024-03-31 | 10.16% |
| 2023-12-31 | -18.25% |
| 2023-09-30 | 33.72% |
| 2023-06-30 | 19.64% |
| 2023-03-31 | 20.77% |
| 2022-12-31 | 24.33% |
| 2022-09-30 | 21.97% |
| 2022-06-30 | 15.97% |
| 2022-03-31 | 11.79% |
| 2021-12-31 | 17.69% |
| 2021-09-30 | 15.21% |
| 2021-06-30 | 5.52% |
| 2021-03-31 | 29.29% |
| 2020-12-31 | -46.76% |
| 2019-12-31 | 6.20% |
| 2019-09-30 | 51.73% |
| 2019-06-30 | 5.87% |
| 2019-03-31 | 22.38% |
| 2018-12-31 | -0.77% |
| 2018-09-30 | 24.54% |
| 2018-06-30 | 44.86% |
| 2018-03-31 | 6.04% |
| 2017-12-31 | 18.23% |
| 2017-09-30 | 1.35% |
| 2017-06-30 | -11.14% |
| 2017-03-31 | -70.74% |
| 2016-12-31 | 61.72% |
| 2016-09-30 | 6.88% |
| 2016-03-31 | 28.92% |
| 2015-06-30 | 32.59% |
| 2015-03-31 | 34.19% |
| 2014-12-31 | 33.88% |
| 2014-09-30 | 57.27% |
| 2014-06-30 | 25.57% |
| 2014-03-31 | 31.74% |
| 2013-12-31 | 33.11% |
| 2013-09-30 | 31.18% |
| 2013-06-30 | 25.86% |
| 2013-03-31 | 24.05% |
| 2012-12-31 | 24.24% |
| 2012-09-30 | 23.78% |
| 2012-06-30 | 24.38% |
| 2012-03-31 | 24.19% |
| 2011-12-31 | 24.05% |
| 2011-09-30 | 27.81% |
| 2011-06-30 | 26.92% |
| 2011-03-31 | 29.74% |
| 2010-12-31 | 29.47% |
| 2010-09-30 | 25.88% |
| 2010-06-30 | 26.20% |
| 2010-03-31 | 32.18% |
| 2009-12-31 | 28.52% |
| 2009-09-30 | 29.14% |
| 2009-06-30 | 24.31% |
| 2009-03-31 | 34.07% |
| 2008-12-31 | 73.21% |
| 2008-09-30 | 30.09% |
| 2008-06-30 | 25.59% |
| 2008-03-31 | 30.15% |
| 2007-12-31 | 21.80% |
| 2007-09-30 | 31.34% |
| 2007-06-30 | 31.22% |
| 2007-03-31 | 30.69% |
| 2006-12-31 | 29.84% |
| 2006-09-30 | 29.34% |
| 2006-06-30 | 31.37% |
| 2006-03-31 | 30.23% |
| 2005-12-31 | 28.38% |
| 2005-09-30 | 29.34% |
| 2005-06-30 | 29.75% |
| 2005-03-31 | 28.95% |
| 2004-12-31 | 16.28% |
| 2004-09-30 | 31.11% |
| 2004-06-30 | 32.07% |
| 2004-03-31 | 45.08% |
| 2003-09-30 | 45.72% |
| 2003-06-30 | 17.25% |
| 2003-03-31 | 28.26% |
