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 23.12% is in line with its 5-year average of 23.19%, near the high end of its 5-year range (-62.29%–24.18%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.06% above its 12-month average of 22.87%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.12%
TAX RATE AVG TTM
22.87%
TAX RATE AVG 3Y
23.24%
TAX RATE AVG 5Y
23.19%
TAX RATE AVG 10Y
22.85%
TAX RATE AVG 15Y
23.28%
TAX RATE AVG 20Y
22.69%
CURRENT VS TTM AVG
+1.06%
CURRENT VS 3Y AVG
-0.52%
CURRENT VS 5Y AVG
-0.31%
CURRENT VS 10Y AVG
+1.16%
CURRENT VS 15Y AVG
-0.71%
CURRENT VS 20Y AVG
+1.90%
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 | 23.12% |
| 2026-03-31 | 23.23% |
| 2025-12-31 | 23.94% |
| 2025-09-30 | 21.68% |
| 2025-06-30 | 22.41% |
| 2025-03-31 | 22.87% |
| 2024-12-31 | 22.81% |
| 2024-09-30 | 22.84% |
| 2024-06-30 | 23.21% |
| 2024-03-31 | 23.58% |
| 2023-12-31 | -5.21% |
| 2023-09-30 | 24.18% |
| 2023-06-30 | 23.42% |
| 2023-03-31 | 23.57% |
| 2022-12-31 | 22.73% |
| 2022-09-30 | 23.96% |
| 2022-06-30 | 23.50% |
| 2022-03-31 | 23.65% |
| 2021-12-31 | -62.29% |
| 2021-09-30 | 22.71% |
| 2021-06-30 | 21.35% |
| 2021-03-31 | 20.16% |
| 2020-12-31 | 13.99% |
| 2020-09-30 | 7.52% |
| 2020-06-30 | 20.44% |
| 2020-03-31 | -75.10% |
| 2019-12-31 | 19.81% |
| 2019-09-30 | 20.45% |
| 2019-06-30 | 22.55% |
| 2019-03-31 | 14.38% |
| 2018-12-31 | 22.11% |
| 2018-09-30 | 22.78% |
| 2018-06-30 | 22.15% |
| 2018-03-31 | 11.92% |
| 2017-12-31 | 27.60% |
| 2017-09-30 | 23.17% |
| 2017-06-30 | 23.00% |
| 2017-03-31 | 21.10% |
| 2016-12-31 | 25.59% |
| 2016-09-30 | 23.26% |
| 2016-06-30 | 24.08% |
| 2016-03-31 | 23.84% |
| 2015-12-31 | 19.02% |
| 2015-09-30 | 24.18% |
| 2015-06-30 | 24.79% |
| 2015-03-31 | 24.37% |
| 2014-12-31 | 45.66% |
| 2014-09-30 | 14.62% |
| 2014-06-30 | 20.89% |
| 2014-03-31 | 24.29% |
| 2013-12-31 | -150.89% |
| 2013-09-30 | 24.40% |
| 2013-06-30 | 26.63% |
| 2013-03-31 | 26.44% |
| 2012-12-31 | 23.01% |
| 2012-09-30 | 24.47% |
| 2012-06-30 | 25.82% |
| 2012-03-31 | 24.36% |
| 2011-12-31 | 41.38% |
| 2011-09-30 | 27.40% |
| 2011-03-31 | 28.52% |
| 2010-09-30 | 13.85% |
| 2010-06-30 | 38.17% |
| 2010-03-31 | 33.99% |
| 2009-12-31 | 12.61% |
| 2009-09-30 | 27.25% |
| 2009-06-30 | 40.03% |
| 2009-03-31 | 33.42% |
| 2008-12-31 | 57.50% |
| 2008-09-30 | 14.64% |
| 2008-03-31 | 46.68% |
| 2007-09-30 | 16.12% |
| 2007-06-30 | 283.40% |
| 2007-03-31 | 12.43% |
| 2006-12-31 | 194.18% |
| 2006-09-30 | 48.84% |
| 2006-06-30 | -954.46% |
| 2006-03-31 | 56.46% |
| 2005-12-31 | 78.88% |
| 2005-09-30 | 41.31% |
| 2005-06-30 | 44.93% |
| 2005-03-31 | 34.92% |
| 2004-12-31 | 8.83% |
| 2004-09-30 | -22.34% |
| 2004-06-30 | 44.05% |
| 2004-03-31 | 42.00% |
