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 19.74% is in line with its 5-year average of 20.08%, near the high end of its 5-year range (13.90%–22.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.73% below its 12-month average of 19.89%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.74%
TAX RATE AVG TTM
19.89%
TAX RATE AVG 3Y
20.63%
TAX RATE AVG 5Y
20.86%
TAX RATE AVG 10Y
20.16%
TAX RATE AVG 15Y
22.83%
TAX RATE AVG 20Y
23.29%
CURRENT VS TTM AVG
-0.73%
CURRENT VS 3Y AVG
-4.32%
CURRENT VS 5Y AVG
-5.35%
CURRENT VS 10Y AVG
-2.07%
CURRENT VS 15Y AVG
-13.51%
CURRENT VS 20Y AVG
-15.22%
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 | 19.74% |
| 2026-03-31 | 19.39% |
| 2025-12-31 | 19.03% |
| 2025-09-30 | 20.70% |
| 2025-06-30 | 20.58% |
| 2025-03-31 | 20.52% |
| 2024-12-31 | 20.78% |
| 2024-09-30 | 16.89% |
| 2024-06-30 | 21.64% |
| 2024-03-31 | 20.74% |
| 2023-12-31 | 13.90% |
| 2023-09-30 | 22.05% |
| 2023-06-30 | 21.82% |
| 2023-03-31 | 21.07% |
| 2022-12-31 | 15.53% |
| 2022-09-30 | 20.94% |
| 2022-06-30 | 21.25% |
| 2022-03-31 | 20.31% |
| 2021-12-31 | 21.48% |
| 2021-09-30 | 21.71% |
| 2021-06-30 | 21.70% |
| 2021-03-31 | 20.99% |
| 2020-12-31 | 20.57% |
| 2020-09-30 | 17.95% |
| 2020-06-30 | 8.43% |
| 2020-03-31 | 18.07% |
| 2019-12-31 | 19.17% |
| 2019-09-30 | 19.59% |
| 2019-06-30 | 19.72% |
| 2019-03-31 | 18.12% |
| 2018-12-31 | 13.52% |
| 2018-09-30 | 20.16% |
| 2018-06-30 | 20.05% |
| 2018-03-31 | 17.71% |
| 2017-12-31 | -28.60% |
| 2017-09-30 | 27.29% |
| 2017-06-30 | 26.71% |
| 2017-03-31 | 25.14% |
| 2016-12-31 | 26.91% |
| 2016-09-30 | 27.19% |
| 2016-06-30 | 26.08% |
| 2016-03-31 | 26.46% |
| 2015-12-31 | 27.19% |
| 2015-09-30 | 26.22% |
| 2015-06-30 | 26.07% |
| 2015-03-31 | 24.91% |
| 2014-12-31 | 25.77% |
| 2014-09-30 | 26.03% |
| 2014-06-30 | 26.61% |
| 2014-03-31 | 26.00% |
| 2013-12-31 | 21.50% |
| 2013-09-30 | 27.48% |
| 2013-06-30 | 26.81% |
| 2013-03-31 | 28.69% |
| 2012-12-31 | 28.65% |
| 2012-09-30 | 29.28% |
| 2012-06-30 | 29.04% |
| 2012-03-31 | 28.77% |
| 2011-12-31 | 28.41% |
| 2011-09-30 | 28.13% |
| 2011-06-30 | 27.98% |
| 2011-03-31 | 26.24% |
| 2010-12-31 | 24.78% |
| 2010-09-30 | 22.53% |
| 2010-06-30 | 20.93% |
| 2010-03-31 | 19.54% |
| 2009-12-31 | 15.21% |
| 2009-09-30 | 12.45% |
| 2009-06-30 | 17.09% |
| 2009-03-31 | 15.63% |
| 2008-12-31 | 7.56% |
| 2008-09-30 | 25.26% |
| 2008-06-30 | 28.53% |
| 2008-03-31 | 30.07% |
| 2007-12-31 | 30.71% |
| 2007-09-30 | 30.15% |
| 2007-06-30 | 30.19% |
| 2007-03-31 | 30.38% |
| 2006-12-31 | 26.66% |
| 2006-09-30 | 30.66% |
| 2006-06-30 | 32.75% |
| 2006-03-31 | 32.73% |
| 2005-12-31 | 30.81% |
| 2005-09-30 | 33.68% |
| 2005-06-30 | 27.96% |
| 2005-03-31 | 34.01% |
| 2004-12-31 | 33.36% |
| 2004-09-30 | 33.99% |
| 2004-06-30 | 34.25% |
| 2004-03-31 | 27.98% |
| 2003-12-31 | 35.06% |
| 2003-09-30 | 34.34% |
| 2003-06-30 | 34.42% |
| 2003-03-31 | 34.41% |
| 2002-12-31 | 34.82% |
| 2002-09-30 | 34.82% |
