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 14.75% is in line with its 5-year average of 14.48%, around the middle of its 5-year range (9.00%–17.58%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.87% below its 12-month average of 15.19%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
14.75%
TAX RATE AVG TTM
15.19%
TAX RATE AVG 3Y
14.55%
TAX RATE AVG 5Y
15.12%
TAX RATE AVG 10Y
13.54%
TAX RATE AVG 15Y
13.68%
TAX RATE AVG 20Y
14.09%
CURRENT VS TTM AVG
-2.87%
CURRENT VS 3Y AVG
+1.35%
CURRENT VS 5Y AVG
-2.47%
CURRENT VS 10Y AVG
+8.93%
CURRENT VS 15Y AVG
+7.82%
CURRENT VS 20Y AVG
+4.69%
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 | 14.75% |
| 2025-09-27 | 12.46% |
| 2025-06-28 | 17.21% |
| 2025-03-29 | 15.05% |
| 2024-12-31 | 16.46% |
| 2024-09-28 | 16.59% |
| 2024-06-29 | 15.75% |
| 2024-03-30 | 11.02% |
| 2023-12-31 | 9.00% |
| 2023-09-30 | 12.17% |
| 2023-07-01 | 16.49% |
| 2023-04-01 | 14.68% |
| 2022-12-31 | 17.58% |
| 2022-10-01 | 14.93% |
| 2022-07-02 | 14.26% |
| 2022-04-02 | 14.39% |
| 2021-12-31 | 14.30% |
| 2021-10-02 | 11.76% |
| 2021-07-03 | 15.26% |
| 2021-04-03 | 14.76% |
| 2020-12-31 | 15.14% |
| 2020-09-26 | 15.73% |
| 2020-06-27 | 15.43% |
| 2020-03-28 | 7.43% |
| 2019-12-31 | 10.57% |
| 2019-09-28 | 16.15% |
| 2019-06-29 | 15.91% |
| 2019-03-30 | 7.15% |
| 2018-12-31 | 6.40% |
| 2018-09-29 | 16.67% |
| 2018-06-30 | 10.82% |
| 2018-03-31 | 20.35% |
| 2017-12-31 | 256.45% |
| 2017-09-30 | 11.51% |
| 2017-07-01 | 10.97% |
| 2017-04-01 | 6.99% |
| 2016-12-31 | 13.92% |
| 2016-10-01 | 14.16% |
| 2016-07-02 | 11.85% |
| 2016-04-02 | 11.80% |
| 2015-12-31 | 13.80% |
| 2015-10-03 | 10.25% |
| 2015-07-04 | 14.64% |
| 2015-04-04 | 15.25% |
| 2014-12-31 | 8.01% |
| 2014-09-27 | 13.63% |
| 2014-06-28 | 13.91% |
| 2014-03-29 | 15.02% |
| 2013-12-31 | 16.38% |
| 2013-09-28 | 12.97% |
| 2013-06-29 | 14.71% |
| 2013-03-30 | -17.07% |
| 2012-12-31 | -14.97% |
| 2012-09-29 | 14.43% |
| 2012-06-30 | 14.48% |
| 2012-03-31 | 15.15% |
| 2011-12-31 | 13.57% |
| 2011-10-01 | 16.81% |
| 2011-07-02 | 13.97% |
| 2011-04-02 | 16.03% |
| 2010-12-31 | 12.60% |
| 2010-10-02 | 5.77% |
| 2010-07-03 | 17.08% |
| 2010-04-03 | 16.16% |
| 2009-12-31 | 16.51% |
| 2009-10-03 | 19.25% |
| 2009-07-04 | 17.41% |
| 2009-04-04 | 11.92% |
| 2008-12-31 | 11.62% |
| 2008-09-27 | 23.52% |
| 2008-06-28 | -1.19% |
| 2008-03-29 | 18.60% |
| 2007-12-31 | 20.32% |
| 2007-09-29 | 14.76% |
| 2007-06-30 | 15.08% |
| 2007-03-31 | 15.19% |
| 2006-12-31 | 14.96% |
| 2006-09-30 | 14.68% |
| 2006-07-01 | 15.65% |
| 2006-04-01 | 17.20% |
| 2005-12-31 | 15.20% |
| 2005-10-01 | 57.62% |
| 2005-07-02 | 18.69% |
| 2005-04-02 | 20.00% |
| 2004-12-31 | 21.00% |
| 2004-10-02 | 19.10% |
| 2004-07-03 | 25.21% |
| 2004-04-03 | 19.97% |
| 2003-09-30 | 25.43% |
| 2003-06-30 | 23.00% |
| 2003-03-31 | 22.19% |
| 2002-12-31 | 19.73% |
| 2002-09-30 | 23.00% |
| 2002-06-30 | 23.00% |
