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 20.63% is in line with its 5-year average of 22.08%, around the middle of its 5-year range (11.12%–27.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.78% below its 12-month average of 21.90%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.63%
TAX RATE AVG TTM
21.90%
TAX RATE AVG 3Y
22.32%
TAX RATE AVG 5Y
22.08%
TAX RATE AVG 10Y
22.06%
TAX RATE AVG 15Y
26.94%
TAX RATE AVG 20Y
29.15%
CURRENT VS TTM AVG
-5.78%
CURRENT VS 3Y AVG
-7.59%
CURRENT VS 5Y AVG
-6.57%
CURRENT VS 10Y AVG
-6.48%
CURRENT VS 15Y AVG
-23.41%
CURRENT VS 20Y AVG
-29.22%
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 | 20.63% |
| 2026-03-31 | 23.13% |
| 2025-12-31 | 24.49% |
| 2025-09-30 | 18.42% |
| 2025-06-30 | 22.80% |
| 2025-03-31 | 22.06% |
| 2024-12-31 | 19.09% |
| 2024-09-30 | 19.42% |
| 2024-06-30 | 24.61% |
| 2024-03-31 | 27.54% |
| 2023-12-31 | 22.20% |
| 2023-09-30 | 11.12% |
| 2023-06-30 | 23.49% |
| 2023-03-31 | 24.86% |
| 2022-12-31 | 22.70% |
| 2022-09-30 | 20.95% |
| 2022-06-30 | 22.94% |
| 2022-03-31 | 21.52% |
| 2021-12-31 | 21.93% |
| 2021-09-30 | 22.19% |
| 2021-06-30 | 22.12% |
| 2021-03-31 | 22.76% |
| 2020-09-30 | 22.50% |
| 2020-06-30 | 24.99% |
| 2020-03-31 | 22.80% |
| 2019-09-30 | 20.67% |
| 2019-06-30 | 23.55% |
| 2019-03-31 | 22.85% |
| 2018-12-31 | 16.57% |
| 2018-09-30 | 20.17% |
| 2018-06-30 | 22.90% |
| 2018-03-31 | 19.02% |
| 2017-12-31 | 20.06% |
| 2017-09-30 | 35.00% |
| 2017-06-30 | 34.69% |
| 2017-03-31 | 31.76% |
| 2016-09-30 | 34.97% |
| 2016-06-30 | 34.99% |
| 2016-03-31 | 35.26% |
| 2015-12-31 | 32.40% |
| 2015-09-30 | 34.02% |
| 2015-06-30 | 34.50% |
| 2015-03-31 | 35.47% |
| 2014-12-31 | 31.57% |
| 2014-09-30 | 35.05% |
| 2014-06-30 | 33.53% |
| 2014-03-31 | 35.98% |
| 2013-12-31 | 36.02% |
| 2013-09-30 | 36.00% |
| 2013-06-30 | 34.97% |
| 2013-03-31 | 30.36% |
| 2012-09-30 | 30.42% |
| 2012-06-30 | 34.51% |
| 2012-03-31 | 34.50% |
| 2011-12-31 | 34.83% |
| 2011-09-30 | 32.92% |
| 2011-06-30 | 34.54% |
| 2011-03-31 | 34.54% |
| 2010-12-31 | 35.32% |
| 2010-09-30 | 35.65% |
| 2010-06-30 | 35.00% |
| 2010-03-31 | 44.07% |
| 2009-12-31 | 36.01% |
| 2009-09-30 | 34.80% |
| 2009-06-30 | 35.69% |
| 2009-03-31 | 38.21% |
| 2008-12-31 | 64.72% |
| 2008-09-30 | 35.97% |
| 2008-06-30 | 36.00% |
| 2008-03-31 | 36.02% |
| 2007-09-30 | 35.53% |
| 2007-06-30 | 36.26% |
| 2007-03-31 | 36.28% |
| 2006-12-31 | 36.24% |
| 2006-09-30 | 32.90% |
| 2006-06-30 | 36.24% |
| 2006-03-31 | 36.27% |
| 2005-12-31 | 37.07% |
| 2005-09-30 | 36.00% |
| 2005-06-30 | 36.02% |
| 2005-03-31 | 35.99% |
| 2004-12-31 | 27.35% |
| 2004-09-30 | 28.57% |
| 2004-06-30 | 36.54% |
| 2004-03-31 | 36.49% |
| 2003-12-31 | 34.00% |
| 2003-09-30 | 35.12% |
| 2003-06-30 | 34.22% |
| 2003-03-31 | 30.73% |
| 2002-12-31 | 30.50% |
| 2002-09-30 | 38.51% |
