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 20.45% is in line with its 5-year average of 19.77%, near the high end of its 5-year range (11.13%–23.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.46% below its 12-month average of 20.55%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 20.45%.
TAX RATE
20.45%
TAX RATE AVG TTM
20.55%
TAX RATE AVG 3Y
20.26%
TAX RATE AVG 5Y
19.77%
TAX RATE AVG 10Y
17.80%
TAX RATE AVG 15Y
20.42%
TAX RATE AVG 20Y
21.86%
CURRENT VS TTM AVG
-0.46%
CURRENT VS 3Y AVG
+0.97%
CURRENT VS 5Y AVG
+3.44%
CURRENT VS 10Y AVG
+14.88%
CURRENT VS 15Y AVG
+0.15%
CURRENT VS 20Y AVG
-6.42%
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 | 20.45% |
| 2026-03-31 | 20.94% |
| 2025-12-31 | 20.43% |
| 2025-09-30 | 19.49% |
| 2025-06-30 | 21.42% |
| 2025-03-31 | 19.01% |
| 2024-12-31 | 20.49% |
| 2024-09-30 | 20.93% |
| 2024-03-31 | 17.08% |
| 2023-12-31 | 18.74% |
| 2023-09-30 | 23.83% |
| 2022-12-31 | 11.13% |
| 2022-03-31 | 18.36% |
| 2021-12-31 | 20.14% |
| 2021-06-30 | 15.50% |
| 2021-03-31 | 17.63% |
| 2020-06-30 | -40.70% |
| 2019-03-31 | 18.57% |
| 2018-09-30 | 12.13% |
| 2018-03-31 | 5.60% |
| 2017-12-31 | -54.10% |
| 2017-03-31 | 19.22% |
| 2016-12-31 | 13.42% |
| 2016-09-30 | 17.15% |
| 2016-06-30 | -260.42% |
| 2016-03-31 | 22.06% |
| 2015-12-31 | 28.59% |
| 2015-09-30 | 27.18% |
| 2015-06-30 | 23.11% |
| 2015-03-31 | 25.61% |
| 2014-12-31 | 30.90% |
| 2014-06-30 | 18.16% |
| 2014-03-31 | 16.14% |
| 2013-12-31 | 28.96% |
| 2013-09-30 | 18.55% |
| 2013-06-30 | 23.73% |
| 2013-03-31 | 24.98% |
| 2012-09-30 | 12.87% |
| 2012-06-30 | 23.26% |
| 2012-03-31 | 22.88% |
| 2011-12-31 | 22.58% |
| 2011-03-31 | 16.27% |
| 2010-12-31 | 16.83% |
| 2010-09-30 | -95.91% |
| 2010-06-30 | 24.04% |
| 2010-03-31 | 19.83% |
| 2009-03-31 | -119.32% |
| 2008-03-31 | 24.96% |
| 2007-12-31 | 30.66% |
| 2007-09-30 | 27.95% |
| 2007-06-30 | 30.83% |
| 2007-03-31 | 30.12% |
| 2006-12-31 | 32.30% |
| 2006-09-30 | 32.02% |
| 2006-06-30 | 29.50% |
| 2006-03-31 | 19.63% |
| 2005-09-30 | 22.89% |
| 2005-06-30 | 32.03% |
| 2005-03-31 | 31.16% |
| 2004-12-31 | 31.17% |
| 2004-09-30 | 31.47% |
| 2004-06-30 | 31.65% |
| 2004-03-31 | 31.06% |
| 2003-12-31 | 30.82% |
| 2003-09-30 | 30.59% |
| 2003-06-30 | 30.63% |
| 2003-03-31 | 29.51% |
| 2002-12-31 | 0.62% |
| 2002-09-30 | 5.94% |
