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 23.24% is in line with its 5-year average of 22.16%, near the high end of its 5-year range (19.04%–23.45%).
As of the fiscal period ended Saturday, March 28, 2026. 7.31% above its 12-month average of 21.65%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.24%
TAX RATE AVG TTM
21.65%
TAX RATE AVG 3Y
22.00%
TAX RATE AVG 5Y
22.16%
TAX RATE AVG 10Y
22.28%
TAX RATE AVG 15Y
28.71%
TAX RATE AVG 20Y
30.77%
CURRENT VS TTM AVG
+7.31%
CURRENT VS 3Y AVG
+5.63%
CURRENT VS 5Y AVG
+4.83%
CURRENT VS 10Y AVG
+4.31%
CURRENT VS 15Y AVG
-19.07%
CURRENT VS 20Y AVG
-24.48%
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 |
|---|---|
| 2026-03-28 | 23.24% |
| 2025-12-27 | 19.04% |
| 2025-09-27 | 20.96% |
| 2025-06-28 | 23.18% |
| 2025-03-29 | 21.84% |
| 2024-12-31 | 21.50% |
| 2024-09-28 | 22.29% |
| 2024-06-29 | 22.67% |
| 2024-03-30 | 21.12% |
| 2023-12-31 | 23.08% |
| 2023-09-30 | 23.05% |
| 2023-07-01 | 22.99% |
| 2023-04-01 | 21.00% |
| 2022-12-31 | 22.38% |
| 2022-09-24 | 22.00% |
| 2022-06-25 | 23.45% |
| 2022-03-26 | 21.07% |
| 2021-12-31 | 22.75% |
| 2021-09-25 | 22.91% |
| 2021-06-26 | 22.78% |
| 2021-03-27 | 18.79% |
| 2020-12-31 | 22.95% |
| 2020-09-26 | 22.19% |
| 2020-06-27 | 22.91% |
| 2020-03-28 | 22.06% |
| 2019-12-31 | 22.32% |
| 2019-09-28 | 22.17% |
| 2019-06-29 | 22.37% |
| 2019-03-30 | 21.98% |
| 2018-12-31 | 22.22% |
| 2018-09-29 | 21.46% |
| 2018-06-30 | 22.79% |
| 2018-03-31 | 20.88% |
| 2017-12-31 | 38.90% |
| 2017-09-30 | 36.40% |
| 2017-07-01 | 36.96% |
| 2017-04-01 | 35.55% |
| 2016-12-31 | 35.95% |
| 2016-09-24 | 36.52% |
| 2016-06-25 | 36.76% |
| 2016-03-26 | 36.80% |
| 2015-12-31 | 35.38% |
| 2015-09-26 | 36.93% |
| 2015-06-27 | 37.25% |
| 2015-03-28 | 36.90% |
| 2014-12-31 | 36.72% |
| 2014-09-30 | 36.96% |
| 2014-06-30 | 36.69% |
| 2014-03-31 | 37.64% |
| 2013-12-31 | 35.04% |
| 2013-09-28 | 36.08% |
| 2013-06-29 | 37.40% |
| 2013-03-30 | 35.04% |
| 2012-12-31 | 36.19% |
| 2012-09-29 | 35.49% |
| 2012-06-30 | 37.21% |
| 2012-03-31 | 36.80% |
| 2011-12-31 | 36.19% |
| 2011-09-30 | 36.73% |
| 2011-06-30 | 36.71% |
| 2011-03-31 | 35.72% |
| 2010-12-31 | 35.64% |
| 2010-09-25 | 37.00% |
| 2010-06-26 | 37.35% |
| 2010-03-27 | 34.00% |
| 2009-12-31 | 35.00% |
| 2009-09-26 | 37.80% |
| 2009-06-27 | 37.79% |
| 2009-03-28 | 39.04% |
| 2008-12-31 | 37.78% |
| 2008-09-27 | 39.30% |
| 2008-06-28 | 38.58% |
| 2007-12-31 | 37.84% |
| 2007-09-29 | 37.95% |
| 2007-06-30 | 37.94% |
| 2007-03-31 | 37.94% |
| 2006-12-31 | 37.89% |
| 2006-09-30 | 37.12% |
| 2006-07-01 | 37.13% |
| 2006-04-01 | 37.05% |
| 2005-12-31 | 36.81% |
| 2005-09-24 | 36.25% |
| 2005-06-25 | 36.25% |
| 2005-03-26 | 36.25% |
| 2004-12-31 | 34.40% |
| 2004-09-25 | 36.33% |
| 2004-06-26 | 36.78% |
| 2004-03-27 | 37.30% |
| 2003-12-31 | 39.47% |
| 2003-09-27 | 36.79% |
| 2003-06-28 | 36.67% |
| 2003-03-29 | 37.00% |
| 2002-12-31 | 35.10% |
| 2002-09-28 | 35.29% |
| 2002-06-29 | 38.00% |
