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 21.86% is in line with its 5-year average of 22.74%, around the middle of its 5-year range (9.94%–31.56%).
As of the fiscal period ended Tuesday, March 31, 2026. 9.82% below its 12-month average of 24.24%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.86%
TAX RATE AVG TTM
24.24%
TAX RATE AVG 3Y
23.74%
TAX RATE AVG 5Y
23.38%
TAX RATE AVG 10Y
23.32%
TAX RATE AVG 15Y
25.15%
TAX RATE AVG 20Y
26.12%
CURRENT VS TTM AVG
-9.82%
CURRENT VS 3Y AVG
-7.92%
CURRENT VS 5Y AVG
-6.52%
CURRENT VS 10Y AVG
-6.28%
CURRENT VS 15Y AVG
-13.10%
CURRENT VS 20Y AVG
-16.31%
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 | 21.86% |
| 2025-12-31 | 26.36% |
| 2025-09-30 | 23.46% |
| 2025-06-30 | 26.12% |
| 2025-03-31 | 23.38% |
| 2024-12-31 | 20.77% |
| 2024-09-30 | 25.29% |
| 2024-06-30 | 27.39% |
| 2024-03-31 | 21.02% |
| 2023-12-31 | 31.56% |
| 2023-09-30 | 15.92% |
| 2023-06-30 | 27.18% |
| 2023-03-31 | 18.28% |
| 2022-12-31 | 24.56% |
| 2022-09-30 | 26.28% |
| 2022-06-30 | 26.54% |
| 2022-03-31 | 17.17% |
| 2021-12-31 | 15.73% |
| 2021-09-30 | 27.18% |
| 2021-06-30 | 21.57% |
| 2021-03-31 | 9.94% |
| 2020-12-31 | -4.66% |
| 2020-09-30 | 23.29% |
| 2020-03-31 | 23.10% |
| 2019-12-31 | 22.04% |
| 2019-09-30 | 19.80% |
| 2019-06-30 | 21.59% |
| 2019-03-31 | 21.64% |
| 2018-12-31 | 21.17% |
| 2018-09-30 | 17.16% |
| 2018-06-30 | 21.50% |
| 2018-03-31 | 19.62% |
| 2017-12-31 | 65.20% |
| 2017-09-30 | 25.56% |
| 2017-06-30 | 25.34% |
| 2017-03-31 | 25.00% |
| 2016-12-31 | 26.01% |
| 2016-06-30 | 27.15% |
| 2016-03-31 | 31.95% |
| 2015-12-31 | 39.33% |
| 2015-09-30 | 27.36% |
| 2015-06-30 | 29.29% |
| 2015-03-31 | 29.41% |
| 2014-12-31 | 28.82% |
| 2014-09-30 | 28.11% |
| 2014-06-30 | 27.93% |
| 2014-03-31 | 28.22% |
| 2013-12-31 | 24.48% |
| 2013-09-30 | 30.97% |
| 2013-06-30 | 25.77% |
| 2013-03-31 | 26.87% |
| 2012-12-31 | 28.74% |
| 2012-09-30 | 29.87% |
| 2012-06-30 | 30.30% |
| 2012-03-31 | 28.99% |
| 2011-12-31 | 31.05% |
| 2011-09-30 | 29.73% |
| 2011-06-30 | 29.40% |
| 2011-03-31 | 28.41% |
| 2010-12-31 | 21.14% |
| 2010-09-30 | 29.05% |
| 2010-06-30 | 28.17% |
| 2010-03-31 | 29.55% |
| 2009-12-31 | 26.68% |
| 2009-09-30 | 15.79% |
| 2009-06-30 | 24.36% |
| 2009-03-31 | 28.73% |
| 2008-12-31 | 34.64% |
| 2008-09-30 | 25.74% |
| 2008-06-30 | 30.84% |
| 2008-03-31 | 31.30% |
| 2007-12-31 | 25.72% |
| 2007-09-30 | 21.75% |
| 2007-06-30 | 31.28% |
| 2007-03-31 | 31.51% |
| 2006-12-31 | 27.09% |
| 2006-09-30 | 33.48% |
| 2006-06-30 | 33.40% |
| 2006-03-31 | 32.11% |
| 2005-12-31 | 30.76% |
| 2005-09-30 | 32.52% |
| 2005-06-30 | 29.76% |
| 2005-03-31 | 34.70% |
| 2004-12-31 | 34.99% |
| 2004-09-30 | 32.50% |
| 2004-06-30 | 35.97% |
| 2004-03-31 | 36.06% |
| 2003-12-31 | 29.48% |
| 2003-09-30 | 28.87% |
| 2003-06-30 | -2.55% |
| 2003-03-31 | 28.41% |
| 2002-12-31 | 23.67% |
| 2002-09-30 | -54.45% |
| 2002-06-30 | 100.00% |
