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 23.34% is in line with its 5-year average of 24.34%, near the high end of its 5-year range (2.96%–28.12%).
As of the fiscal period ended Friday, July 31, 2026. 9.28% below its 12-month average of 25.73%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2027 (2026-07-31): 23.34%.
TAX RATE
23.34%
TAX RATE AVG TTM
25.73%
TAX RATE AVG 3Y
25.08%
TAX RATE AVG 5Y
24.34%
TAX RATE AVG 10Y
26.39%
TAX RATE AVG 15Y
16.90%
TAX RATE AVG 20Y
18.13%
CURRENT VS TTM AVG
-9.28%
CURRENT VS 3Y AVG
-6.92%
CURRENT VS 5Y AVG
-4.10%
CURRENT VS 10Y AVG
-11.55%
CURRENT VS 15Y AVG
+38.13%
CURRENT VS 20Y AVG
+28.73%
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 |
|---|---|
| 2026-07-31 | 23.34% |
| 2025-07-31 | 28.12% |
| 2025-04-30 | 26.36% |
| 2024-10-31 | 25.50% |
| 2024-07-31 | 23.70% |
| 2024-04-30 | 25.46% |
| 2023-10-31 | 24.54% |
| 2023-07-31 | 23.61% |
| 2022-10-31 | 3.89% |
| 2022-07-31 | 2.96% |
| 2021-10-31 | 18.21% |
| 2021-07-31 | 24.57% |
| 2020-10-31 | 7.89% |
| 2020-07-31 | 46.80% |
| 2019-10-31 | 30.23% |
| 2019-07-31 | 35.41% |
| 2018-10-31 | 27.34% |
| 2018-07-31 | 27.89% |
| 2017-10-31 | 40.30% |
| 2017-07-31 | 36.17% |
| 2016-10-31 | -286.69% |
| 2016-07-31 | 1.99% |
| 2015-10-31 | 2.23% |
| 2015-07-31 | 0.51% |
| 2014-10-31 | -5.27% |
| 2014-07-31 | 5.55% |
| 2013-10-31 | -0.41% |
| 2013-07-31 | 1.19% |
| 2012-10-31 | -5.48% |
| 2012-07-31 | 2.84% |
| 2011-07-31 | 1.55% |
| 2010-07-31 | 18.90% |
| 2009-10-31 | 18.05% |
| 2009-07-31 | 42.96% |
| 2008-10-31 | 40.82% |
| 2008-07-31 | 38.54% |
| 2007-10-31 | -152.97% |
| 2007-07-31 | 3.17% |
| 2006-07-31 | 1.51% |
| 2005-07-31 | 0.51% |
| 2004-10-31 | 0.00% |
| 2004-07-31 | 0.00% |
| 2002-10-31 | 39.00% |
