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 8.00% is 53% below its 5-year average of 17.02%, near the low end of its 5-year range (2.93%–62.94%).
As of the fiscal period ended Friday, May 31, 2024.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
8.00%
TAX RATE AVG TTM
N/A
TAX RATE AVG 3Y
20.96%
TAX RATE AVG 5Y
10.15%
TAX RATE AVG 10Y
16.38%
TAX RATE AVG 15Y
25.54%
TAX RATE AVG 20Y
28.71%
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
-61.84%
CURRENT VS 5Y AVG
-21.17%
CURRENT VS 10Y AVG
-51.15%
CURRENT VS 15Y AVG
-68.67%
CURRENT VS 20Y AVG
-72.13%
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 |
|---|---|
| 2024-05-31 | 8.00% |
| 2023-02-28 | 11.42% |
| 2022-02-28 | 17.60% |
| 2021-11-30 | 7.22% |
| 2021-08-31 | 62.94% |
| 2021-05-31 | 18.59% |
| 2021-02-28 | 4.38% |
| 2020-08-31 | 39.77% |
| 2020-02-29 | 14.61% |
| 2019-11-30 | 2.93% |
| 2019-08-31 | 3.65% |
| 2019-05-31 | 13.08% |
| 2019-02-28 | 16.57% |
| 2018-11-30 | 14.06% |
| 2018-08-31 | 9.50% |
| 2018-05-31 | 7.49% |
| 2018-02-28 | 27.16% |
| 2017-11-30 | 21.64% |
| 2017-08-31 | 13.50% |
| 2017-05-31 | 12.60% |
| 2017-02-28 | 18.81% |
| 2016-11-30 | 17.09% |
| 2016-08-31 | 16.67% |
| 2016-05-31 | 22.53% |
| 2016-02-29 | 24.41% |
| 2015-11-30 | 13.01% |
| 2015-05-31 | 23.75% |
| 2015-02-28 | 15.95% |
| 2014-11-30 | 26.79% |
| 2014-08-31 | 208.72% |
| 2014-05-31 | 32.08% |
| 2014-02-28 | 34.88% |
| 2013-11-30 | 36.40% |
| 2013-08-31 | 35.40% |
| 2013-05-31 | 38.70% |
| 2013-02-28 | 36.58% |
| 2012-11-30 | 38.17% |
| 2012-08-31 | 35.70% |
| 2012-05-31 | 37.27% |
| 2012-02-29 | 37.22% |
| 2011-11-30 | 37.26% |
| 2011-08-31 | 36.69% |
| 2011-05-31 | 35.37% |
| 2011-02-28 | 37.85% |
| 2010-11-30 | 37.02% |
| 2010-08-31 | 35.62% |
| 2010-05-31 | 42.48% |
| 2010-02-28 | 37.12% |
| 2009-11-30 | 36.98% |
| 2009-08-31 | 35.79% |
| 2009-05-31 | 36.42% |
| 2009-02-28 | 36.63% |
| 2008-11-30 | 37.61% |
| 2008-08-31 | 37.05% |
| 2008-05-31 | 37.27% |
| 2008-02-29 | 36.82% |
| 2007-11-30 | 37.45% |
| 2007-08-31 | 34.99% |
| 2007-05-31 | 35.20% |
| 2007-02-28 | 36.75% |
| 2006-11-30 | 36.75% |
| 2006-08-31 | 36.71% |
| 2006-05-31 | 35.12% |
| 2006-02-28 | 37.00% |
| 2005-11-30 | 37.00% |
| 2005-08-31 | 35.12% |
| 2005-05-31 | 37.25% |
| 2005-02-28 | 37.25% |
| 2004-11-30 | 35.73% |
| 2004-08-31 | 37.50% |
| 2004-05-31 | 37.49% |
| 2004-02-29 | 37.51% |
| 2003-11-30 | 37.49% |
| 2003-08-31 | 37.76% |
| 2003-05-31 | 37.75% |
| 2003-02-28 | 37.75% |
| 2002-11-30 | 37.74% |
| 2002-08-31 | 37.76% |
| 2002-05-31 | 37.74% |
| 2002-02-28 | 37.74% |
| 2001-11-30 | 37.76% |
| 2001-08-31 | 36.17% |
