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 21.21% is in line with its 5-year average of 21.42%, around the middle of its 5-year range (10.07%–34.50%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.72% above its 12-month average of 18.65%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.21%
TAX RATE AVG TTM
18.65%
TAX RATE AVG 3Y
19.79%
TAX RATE AVG 5Y
21.42%
TAX RATE AVG 10Y
22.08%
TAX RATE AVG 15Y
23.55%
TAX RATE AVG 20Y
26.14%
CURRENT VS TTM AVG
+13.72%
CURRENT VS 3Y AVG
+7.18%
CURRENT VS 5Y AVG
-0.96%
CURRENT VS 10Y AVG
-3.95%
CURRENT VS 15Y AVG
-9.92%
CURRENT VS 20Y AVG
-18.87%
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 | 21.21% |
| 2025-12-31 | 15.38% |
| 2025-03-31 | 19.36% |
| 2024-12-31 | 10.07% |
| 2024-03-31 | 21.14% |
| 2023-12-31 | 21.67% |
| 2023-09-30 | 16.56% |
| 2023-03-31 | 32.93% |
| 2022-09-30 | 10.33% |
| 2022-03-31 | 26.22% |
| 2021-09-30 | 27.79% |
| 2021-06-30 | 34.50% |
| 2021-03-31 | 21.26% |
| 2020-12-31 | 26.46% |
| 2020-06-30 | 12.37% |
| 2020-03-31 | 24.41% |
| 2019-12-31 | 26.39% |
| 2019-03-31 | 18.59% |
| 2018-12-31 | 20.91% |
| 2018-09-30 | 265.96% |
| 2018-03-31 | 21.76% |
| 2017-12-31 | -31.66% |
| 2017-03-31 | 28.55% |
| 2016-12-31 | 23.18% |
| 2016-06-30 | 54.02% |
| 2016-03-31 | 26.89% |
| 2015-12-31 | 32.16% |
| 2015-03-31 | 25.10% |
| 2014-12-31 | 99.14% |
| 2014-06-30 | 608.00% |
| 2014-03-31 | 26.71% |
| 2013-12-31 | 28.55% |
| 2013-03-31 | 23.68% |
| 2012-12-31 | 27.89% |
| 2012-03-31 | 24.86% |
| 2011-12-31 | 27.66% |
| 2011-03-31 | 28.96% |
| 2010-12-31 | 29.16% |
| 2010-03-31 | 29.86% |
| 2009-12-31 | 30.38% |
| 2009-03-31 | 28.71% |
| 2008-12-31 | 27.05% |
| 2008-06-30 | 41.85% |
| 2008-03-31 | 28.19% |
| 2007-12-31 | 37.74% |
| 2007-09-30 | 29.14% |
| 2007-06-30 | 41.92% |
| 2007-03-31 | 38.70% |
| 2006-12-31 | 38.10% |
| 2006-06-30 | 10.10% |
| 2006-03-31 | 38.24% |
| 2005-12-31 | 40.10% |
| 2005-03-31 | 41.58% |
| 2004-12-31 | 34.94% |
| 2004-06-30 | 39.86% |
| 2004-03-31 | 37.70% |
| 2003-12-31 | 38.51% |
| 2003-03-31 | 38.69% |
| 2002-12-31 | 38.78% |
| 2002-06-30 | 46.67% |
