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 23.27% is 12% above its 5-year average of 20.75%, near the high end of its 5-year range (-10.53%–36.66%).
As of the fiscal period ended Tuesday, March 31, 2026. 9.59% below its 12-month average of 25.74%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.27%
TAX RATE AVG TTM
25.74%
TAX RATE AVG 3Y
22.08%
TAX RATE AVG 5Y
22.43%
TAX RATE AVG 10Y
22.32%
TAX RATE AVG 15Y
26.26%
TAX RATE AVG 20Y
28.42%
CURRENT VS TTM AVG
-9.59%
CURRENT VS 3Y AVG
+5.41%
CURRENT VS 5Y AVG
+3.77%
CURRENT VS 10Y AVG
+4.29%
CURRENT VS 15Y AVG
-11.36%
CURRENT VS 20Y AVG
-18.11%
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 |
|---|---|
| 2026-03-31 | 23.27% |
| 2025-12-31 | 23.29% |
| 2025-09-30 | 26.79% |
| 2025-06-30 | 29.62% |
| 2024-12-31 | -10.53% |
| 2024-09-30 | 19.63% |
| 2024-06-30 | 23.03% |
| 2024-03-31 | 20.97% |
| 2023-12-31 | 21.37% |
| 2023-09-30 | 23.39% |
| 2023-06-30 | 21.90% |
| 2023-03-31 | 21.86% |
| 2022-12-31 | 23.95% |
| 2022-09-30 | 21.89% |
| 2022-06-30 | 21.96% |
| 2022-03-31 | 20.67% |
| 2021-12-31 | 13.21% |
| 2021-09-30 | 11.34% |
| 2021-06-30 | 36.66% |
| 2020-06-30 | 20.25% |
| 2019-12-31 | 19.69% |
| 2019-09-30 | 20.52% |
| 2019-06-30 | 19.80% |
| 2019-03-31 | 23.39% |
| 2018-12-31 | 16.71% |
| 2018-09-30 | 24.00% |
| 2018-06-30 | 22.15% |
| 2018-03-31 | 20.38% |
| 2017-12-31 | -213.73% |
| 2017-09-30 | 30.46% |
| 2017-06-30 | 25.52% |
| 2017-03-31 | 25.87% |
| 2016-12-31 | 21.36% |
| 2016-09-30 | 18.25% |
| 2016-06-30 | 25.66% |
| 2016-03-31 | 29.73% |
| 2015-12-31 | 28.18% |
| 2015-09-30 | 32.36% |
| 2015-06-30 | 30.82% |
| 2015-03-31 | 31.73% |
| 2014-12-31 | 28.40% |
| 2014-09-30 | 32.91% |
| 2014-06-30 | 34.33% |
| 2014-03-31 | 33.91% |
| 2013-12-31 | 28.58% |
| 2013-09-30 | 27.52% |
| 2013-06-30 | 37.25% |
| 2013-03-31 | 34.27% |
| 2012-12-31 | 33.79% |
| 2012-09-30 | 45.59% |
| 2012-06-30 | 35.26% |
| 2011-12-31 | 51.61% |
| 2011-09-30 | 36.42% |
| 2011-06-30 | 37.64% |
| 2011-03-31 | 27.78% |
| 2010-12-31 | 45.41% |
| 2010-09-30 | 37.87% |
| 2010-06-30 | 34.24% |
| 2009-12-31 | 38.50% |
| 2009-03-31 | 27.63% |
| 2008-09-30 | 35.82% |
| 2008-06-30 | 32.66% |
| 2008-03-31 | 33.92% |
| 2007-12-31 | 29.04% |
| 2007-09-30 | 28.74% |
| 2007-06-30 | 33.85% |
| 2007-03-31 | 33.14% |
| 2006-12-31 | 32.11% |
| 2006-09-30 | 34.28% |
| 2006-06-30 | 32.80% |
| 2006-03-31 | 33.98% |
| 2005-12-31 | 32.24% |
| 2005-09-30 | 32.02% |
| 2005-06-30 | 31.75% |
| 2005-03-31 | 32.41% |
| 2004-12-31 | 30.41% |
| 2004-09-30 | 33.45% |
| 2004-06-30 | 34.78% |
| 2004-03-31 | 35.58% |
| 2003-12-31 | 35.11% |
| 2003-09-30 | 36.70% |
| 2003-06-30 | 37.97% |
| 2003-03-31 | 38.01% |
| 2002-12-31 | 38.83% |
| 2002-09-30 | 37.26% |
| 2002-06-30 | 38.59% |
