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 23.91% is in line with its 5-year average of 23.66%, near the high end of its 5-year range (20.91%–24.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.70% above its 12-month average of 23.51%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.91%
TAX RATE AVG TTM
23.51%
TAX RATE AVG 3Y
23.30%
TAX RATE AVG 5Y
23.66%
TAX RATE AVG 10Y
23.51%
TAX RATE AVG 15Y
28.46%
TAX RATE AVG 20Y
30.56%
CURRENT VS TTM AVG
+1.70%
CURRENT VS 3Y AVG
+2.61%
CURRENT VS 5Y AVG
+1.03%
CURRENT VS 10Y AVG
+1.66%
CURRENT VS 15Y AVG
-15.99%
CURRENT VS 20Y AVG
-21.79%
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 | 23.91% |
| 2026-03-31 | 23.54% |
| 2025-12-31 | 22.98% |
| 2025-09-30 | 23.70% |
| 2025-06-30 | 23.40% |
| 2025-03-31 | 23.50% |
| 2024-12-31 | 23.10% |
| 2024-09-30 | 22.14% |
| 2024-06-30 | 22.95% |
| 2024-03-31 | 20.91% |
| 2023-12-31 | 21.88% |
| 2023-09-30 | 23.81% |
| 2023-06-30 | 24.65% |
| 2023-03-31 | 24.16% |
| 2022-12-31 | 23.37% |
| 2022-09-30 | 24.51% |
| 2022-06-30 | 24.29% |
| 2022-03-31 | 24.48% |
| 2021-12-31 | 23.74% |
| 2021-09-30 | 23.53% |
| 2021-06-30 | 23.79% |
| 2021-03-31 | 23.38% |
| 2020-12-31 | 23.52% |
| 2020-09-30 | 24.49% |
| 2020-06-30 | 23.58% |
| 2020-03-31 | 24.28% |
| 2019-12-31 | 22.78% |
| 2019-09-30 | 26.95% |
| 2019-06-30 | 22.37% |
| 2019-03-31 | 19.88% |
| 2018-12-31 | 21.13% |
| 2018-09-30 | 23.66% |
| 2018-06-30 | 23.55% |
| 2018-03-31 | 22.81% |
| 2017-12-31 | 25.47% |
| 2017-09-30 | 34.03% |
| 2017-06-30 | 35.30% |
| 2017-03-31 | 33.89% |
| 2016-12-31 | 36.47% |
| 2016-09-30 | 35.93% |
| 2016-06-30 | 35.46% |
| 2016-03-31 | 33.98% |
| 2015-12-31 | 34.74% |
| 2015-09-30 | 34.02% |
| 2015-06-30 | 34.55% |
| 2015-03-31 | 34.58% |
| 2014-12-31 | 34.55% |
| 2014-09-30 | 33.53% |
| 2014-06-30 | 35.51% |
| 2014-03-31 | 35.60% |
| 2013-12-31 | 35.65% |
| 2013-09-30 | 36.08% |
| 2013-06-30 | 36.87% |
| 2013-03-31 | 36.30% |
| 2012-12-31 | 36.73% |
| 2012-09-30 | 34.11% |
| 2012-06-30 | 36.33% |
| 2012-03-31 | 35.87% |
| 2011-12-31 | 33.67% |
| 2011-09-30 | 35.51% |
| 2011-06-30 | 36.39% |
| 2011-03-31 | 36.28% |
| 2010-12-31 | 43.06% |
| 2010-09-30 | 29.40% |
| 2010-06-30 | 34.95% |
| 2010-03-31 | 35.43% |
| 2009-12-31 | 36.15% |
| 2009-09-30 | 35.17% |
| 2009-06-30 | 37.83% |
| 2009-03-31 | 33.90% |
| 2008-12-31 | 40.91% |
| 2008-09-30 | 37.71% |
| 2008-06-30 | 38.96% |
| 2008-03-31 | 38.50% |
| 2007-12-31 | 38.98% |
| 2007-09-30 | 33.72% |
| 2007-06-30 | 38.94% |
| 2007-03-31 | 38.56% |
| 2006-12-31 | 37.43% |
| 2006-09-30 | 36.56% |
| 2006-06-30 | 37.39% |
| 2006-03-31 | 37.56% |
| 2005-12-31 | 28.61% |
| 2005-09-30 | 36.85% |
| 2005-06-30 | 36.87% |
| 2005-03-31 | 36.97% |
| 2004-12-31 | 38.37% |
| 2004-09-30 | 36.86% |
| 2004-06-30 | 37.03% |
| 2004-03-31 | 37.04% |
| 2003-12-31 | 37.53% |
| 2003-09-30 | 37.29% |
| 2003-06-30 | 37.37% |
| 2003-03-31 | 36.95% |
| 2002-12-31 | 36.71% |
| 2002-09-30 | 36.71% |
