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 21.62% is in line with its 5-year average of 20.44%, around the middle of its 5-year range (19.04%–22.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.34% below its 12-month average of 21.69%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.62%
TAX RATE AVG TTM
21.69%
TAX RATE AVG 3Y
20.84%
TAX RATE AVG 5Y
20.44%
TAX RATE AVG 10Y
20.22%
TAX RATE AVG 15Y
22.06%
TAX RATE AVG 20Y
23.13%
CURRENT VS TTM AVG
-0.34%
CURRENT VS 3Y AVG
+3.73%
CURRENT VS 5Y AVG
+5.75%
CURRENT VS 10Y AVG
+6.95%
CURRENT VS 15Y AVG
-1.98%
CURRENT VS 20Y AVG
-6.53%
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 | 21.62% |
| 2026-03-31 | 21.61% |
| 2025-12-31 | 22.79% |
| 2025-09-30 | 21.93% |
| 2025-06-30 | 20.51% |
| 2025-03-31 | 20.64% |
| 2024-12-31 | 20.99% |
| 2024-09-30 | 19.04% |
| 2024-06-30 | 20.38% |
| 2024-03-31 | 20.71% |
| 2023-12-31 | 20.49% |
| 2023-09-30 | 20.25% |
| 2023-06-30 | 19.99% |
| 2023-03-31 | 19.88% |
| 2022-12-31 | 19.58% |
| 2022-09-30 | 19.61% |
| 2022-06-30 | 19.68% |
| 2022-03-31 | 19.96% |
| 2021-12-31 | 21.20% |
| 2021-09-30 | 20.81% |
| 2021-06-30 | 20.00% |
| 2021-03-31 | 19.28% |
| 2020-12-31 | 14.16% |
| 2020-09-30 | 17.19% |
| 2020-06-30 | 18.85% |
| 2020-03-31 | 18.98% |
| 2019-12-31 | 16.24% |
| 2019-09-30 | 9.74% |
| 2019-06-30 | 19.75% |
| 2019-03-31 | 20.50% |
| 2018-12-31 | 4.66% |
| 2018-09-30 | 5.81% |
| 2018-06-30 | 11.11% |
| 2018-03-31 | 11.70% |
| 2017-12-31 | -113.75% |
| 2017-09-30 | 20.18% |
| 2017-06-30 | 18.62% |
| 2017-03-31 | 22.20% |
| 2016-12-31 | 23.44% |
| 2016-09-30 | 25.29% |
| 2016-06-30 | 25.17% |
| 2016-03-31 | 25.15% |
| 2015-12-31 | 26.80% |
| 2015-09-30 | 28.12% |
| 2015-06-30 | 22.71% |
| 2015-03-31 | 24.92% |
| 2014-12-31 | 27.71% |
| 2014-09-30 | 23.58% |
| 2014-06-30 | 25.27% |
| 2014-03-31 | 25.25% |
| 2013-12-31 | 25.38% |
| 2013-09-30 | 24.90% |
| 2013-06-30 | 25.82% |
| 2013-03-31 | 25.45% |
| 2012-12-31 | 25.06% |
| 2012-09-30 | 23.30% |
| 2012-06-30 | 26.99% |
| 2012-03-31 | 27.00% |
| 2011-12-31 | 26.48% |
| 2011-09-30 | 27.00% |
| 2011-06-30 | 25.06% |
| 2011-03-31 | 27.02% |
| 2010-12-31 | 25.77% |
| 2010-09-30 | 27.77% |
| 2010-06-30 | 29.14% |
| 2010-03-31 | 28.31% |
| 2009-12-31 | 30.52% |
| 2009-09-30 | 24.49% |
| 2009-06-30 | 20.22% |
| 2009-03-31 | 23.08% |
| 2008-12-31 | 17.98% |
| 2008-09-30 | 24.32% |
| 2008-06-30 | 27.01% |
| 2008-03-31 | 27.29% |
| 2007-12-31 | 28.57% |
| 2007-09-30 | 25.79% |
| 2007-06-30 | 26.91% |
| 2007-03-31 | 28.13% |
| 2006-12-31 | 24.39% |
| 2006-09-30 | 28.89% |
| 2006-06-30 | 27.19% |
| 2006-03-31 | 25.70% |
| 2005-12-31 | 10.56% |
| 2005-09-30 | 20.56% |
| 2005-06-30 | 20.67% |
| 2005-03-31 | 20.01% |
| 2004-12-31 | 15.79% |
| 2004-09-30 | 15.49% |
| 2004-06-30 | 19.97% |
| 2004-03-31 | 20.04% |
| 2003-12-31 | 35.59% |
| 2003-09-30 | 15.36% |
| 2003-06-30 | 15.00% |
| 2002-09-30 | 14.72% |
