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 24.15% is in line with its 5-year average of 22.50%, near the high end of its 5-year range (20.08%–24.15%).
As of the fiscal period ended Tuesday, March 31, 2026. 7.51% above its 12-month average of 22.46%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.15%
TAX RATE AVG TTM
22.46%
TAX RATE AVG 3Y
22.12%
TAX RATE AVG 5Y
22.63%
TAX RATE AVG 10Y
22.81%
TAX RATE AVG 15Y
21.60%
TAX RATE AVG 20Y
24.91%
CURRENT VS TTM AVG
+7.51%
CURRENT VS 3Y AVG
+9.15%
CURRENT VS 5Y AVG
+6.70%
CURRENT VS 10Y AVG
+5.85%
CURRENT VS 15Y AVG
+11.77%
CURRENT VS 20Y AVG
-3.08%
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 | 24.15% |
| 2025-12-31 | 20.08% |
| 2025-09-30 | 22.54% |
| 2025-06-30 | 22.51% |
| 2025-03-31 | 23.02% |
| 2024-12-31 | 22.14% |
| 2024-09-30 | 20.71% |
| 2024-06-30 | 22.07% |
| 2024-03-31 | 22.27% |
| 2023-09-30 | 21.12% |
| 2023-06-30 | 22.02% |
| 2023-03-31 | 22.80% |
| 2022-12-31 | 23.98% |
| 2022-09-30 | 22.94% |
| 2022-06-30 | 22.49% |
| 2022-03-31 | 22.55% |
| 2021-12-31 | 22.90% |
| 2021-09-30 | 21.73% |
| 2021-06-30 | 23.96% |
| 2021-03-31 | 24.02% |
| 2020-12-31 | 24.55% |
| 2020-09-30 | 23.02% |
| 2020-06-30 | 21.79% |
| 2020-03-31 | 24.47% |
| 2019-12-31 | -40.54% |
| 2019-09-30 | 22.91% |
| 2019-06-30 | 23.28% |
| 2019-03-31 | 23.98% |
| 2018-12-31 | -51.06% |
| 2018-09-30 | 24.16% |
| 2018-06-30 | 23.18% |
| 2018-03-31 | 22.93% |
| 2017-12-31 | -540.18% |
| 2017-09-30 | 32.21% |
| 2017-06-30 | 35.73% |
| 2017-03-31 | 31.44% |
| 2016-12-31 | 33.80% |
| 2016-09-30 | 32.80% |
| 2016-06-30 | 50.97% |
| 2016-03-31 | 34.53% |
| 2015-12-31 | 35.73% |
| 2015-09-30 | 34.48% |
| 2015-06-30 | 34.31% |
| 2015-03-31 | 34.95% |
| 2014-09-30 | 32.94% |
| 2014-06-30 | 33.92% |
| 2014-03-31 | 13.92% |
| 2013-12-31 | 26.43% |
| 2013-09-30 | 15.64% |
| 2013-06-30 | 15.97% |
| 2013-03-31 | 15.11% |
| 2012-09-30 | 12.82% |
| 2012-06-30 | 15.62% |
| 2012-03-31 | 15.67% |
| 2011-09-30 | 13.57% |
| 2011-06-30 | 16.30% |
| 2011-03-31 | 15.90% |
| 2010-12-31 | 33.01% |
| 2010-09-30 | 11.16% |
| 2010-03-31 | 39.72% |
| 2009-12-31 | -184.50% |
| 2009-09-30 | 16.58% |
| 2009-06-30 | 16.18% |
| 2009-03-31 | 18.73% |
| 2008-12-31 | 6.99% |
| 2008-09-30 | 20.99% |
| 2008-06-30 | 22.37% |
| 2008-03-31 | 23.66% |
| 2007-12-31 | 11.03% |
| 2007-09-30 | 52.18% |
| 2007-06-30 | 36.20% |
| 2007-03-31 | 37.25% |
| 2006-12-31 | 5.12% |
| 2006-09-30 | 37.75% |
| 2006-06-30 | 40.28% |
| 2006-03-31 | 45.37% |
| 2005-12-31 | 13.15% |
| 2005-09-30 | 29.55% |
| 2005-06-30 | 32.71% |
| 2005-03-31 | 30.72% |
| 2004-12-31 | 13.76% |
| 2004-09-30 | 31.05% |
| 2004-06-30 | 32.98% |
| 2004-03-31 | 26.32% |
| 2003-09-30 | 30.23% |
| 2003-06-30 | 31.16% |
| 2003-03-31 | 29.57% |
| 2002-12-31 | -36.15% |
| 2002-09-30 | 17.45% |
