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 37.83% is 50% above its 5-year average of 25.26%, near the high end of its 5-year range (-22.81%–54.56%).
As of the fiscal period ended Wednesday, December 31, 2025. 32.17% above its 12-month average of 28.62%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
37.83%
TAX RATE AVG TTM
28.62%
TAX RATE AVG 3Y
20.55%
TAX RATE AVG 5Y
25.26%
TAX RATE AVG 10Y
28.09%
TAX RATE AVG 15Y
29.22%
TAX RATE AVG 20Y
30.40%
CURRENT VS TTM AVG
+32.17%
CURRENT VS 3Y AVG
+84.08%
CURRENT VS 5Y AVG
+49.76%
CURRENT VS 10Y AVG
+34.65%
CURRENT VS 15Y AVG
+29.44%
CURRENT VS 20Y AVG
+24.45%
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 |
|---|---|
| 2025-12-31 | 37.83% |
| 2025-09-30 | 24.36% |
| 2025-06-30 | 27.09% |
| 2025-03-31 | 30.86% |
| 2024-12-31 | 22.97% |
| 2024-09-30 | 28.60% |
| 2024-03-31 | 17.26% |
| 2023-12-31 | 19.11% |
| 2023-09-30 | 21.51% |
| 2023-03-31 | -22.81% |
| 2022-12-31 | 19.26% |
| 2022-09-30 | 25.50% |
| 2022-06-30 | 54.56% |
| 2022-03-31 | 37.28% |
| 2021-12-31 | 23.42% |
| 2021-09-30 | 15.08% |
| 2021-06-30 | 23.70% |
| 2021-03-31 | 29.12% |
| 2020-12-31 | 26.46% |
| 2020-09-30 | 27.81% |
| 2020-06-30 | -272.57% |
| 2020-03-31 | 33.76% |
| 2019-12-31 | 26.05% |
| 2019-09-30 | 27.88% |
| 2019-06-30 | 82.66% |
| 2019-03-31 | 41.04% |
| 2018-12-31 | 19.99% |
| 2018-09-30 | 30.94% |
| 2018-06-30 | -95.37% |
| 2018-03-31 | 42.21% |
| 2017-12-31 | 19.30% |
| 2017-09-30 | 32.93% |
| 2017-06-30 | -16.20% |
| 2017-03-31 | 35.38% |
| 2016-12-31 | 32.18% |
| 2016-09-30 | 34.61% |
| 2016-03-31 | 33.97% |
| 2015-12-31 | 31.50% |
| 2015-09-30 | 27.19% |
| 2015-03-31 | 24.79% |
| 2014-12-31 | 33.91% |
| 2014-09-30 | 24.26% |
| 2014-03-31 | 30.86% |
| 2013-12-31 | 33.44% |
| 2013-09-30 | 28.92% |
| 2013-06-30 | 35.01% |
| 2013-03-31 | 37.09% |
| 2012-12-31 | 31.27% |
| 2012-09-30 | 28.47% |
| 2012-06-30 | 33.92% |
| 2012-03-31 | 28.96% |
| 2011-12-31 | 30.38% |
| 2011-09-30 | 275.18% |
| 2011-06-30 | 35.48% |
| 2011-03-31 | 40.42% |
| 2010-12-31 | 28.60% |
| 2010-09-30 | 30.31% |
| 2010-06-30 | 33.65% |
| 2010-03-31 | 47.28% |
| 2009-12-31 | 32.13% |
| 2009-09-30 | 27.11% |
| 2009-06-30 | 33.45% |
| 2009-03-31 | 49.79% |
| 2008-12-31 | 26.09% |
| 2008-09-30 | 33.46% |
| 2008-06-30 | 32.72% |
| 2008-03-31 | 12.37% |
| 2007-12-31 | 35.72% |
| 2007-09-30 | 36.27% |
| 2007-06-30 | 38.48% |
| 2007-03-31 | 54.35% |
| 2006-12-31 | 37.44% |
| 2006-09-30 | 37.49% |
| 2006-06-30 | 128.48% |
| 2005-09-30 | 41.56% |
| 2005-06-30 | 39.50% |
| 2005-03-31 | 34.06% |
| 2004-12-31 | 39.74% |
| 2004-09-30 | 56.03% |
| 2004-06-30 | 39.50% |
| 2004-03-31 | 37.58% |
| 2003-12-31 | 36.00% |
| 2003-09-30 | 36.00% |
| 2003-06-30 | 17.44% |
| 2003-03-31 | 35.50% |
| 2002-12-31 | 35.50% |
| 2002-09-30 | 35.50% |
