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 21.11% is in line with its 5-year average of 20.95%, near the high end of its 5-year range (-12.43%–26.98%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.62% below its 12-month average of 23.10%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.11%
TAX RATE AVG TTM
23.10%
TAX RATE AVG 3Y
22.93%
TAX RATE AVG 5Y
23.55%
TAX RATE AVG 10Y
23.02%
TAX RATE AVG 15Y
24.71%
TAX RATE AVG 20Y
27.30%
CURRENT VS TTM AVG
-8.62%
CURRENT VS 3Y AVG
-7.95%
CURRENT VS 5Y AVG
-10.38%
CURRENT VS 10Y AVG
-8.29%
CURRENT VS 15Y AVG
-14.57%
CURRENT VS 20Y AVG
-22.68%
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 | 21.11% |
| 2025-12-31 | 23.99% |
| 2025-09-30 | 26.48% |
| 2025-06-30 | 22.99% |
| 2025-03-31 | 20.93% |
| 2024-12-31 | 14.97% |
| 2024-09-30 | 23.45% |
| 2024-06-30 | 23.24% |
| 2024-03-31 | 22.57% |
| 2023-12-31 | 23.92% |
| 2023-09-30 | 20.44% |
| 2023-06-30 | 23.15% |
| 2023-03-31 | 22.88% |
| 2022-12-31 | 26.86% |
| 2022-09-30 | 13.39% |
| 2022-06-30 | -12.43% |
| 2022-03-31 | 23.14% |
| 2021-12-31 | 23.86% |
| 2021-09-30 | 23.45% |
| 2021-06-30 | 26.98% |
| 2021-03-31 | 24.48% |
| 2020-12-31 | 29.73% |
| 2020-09-30 | 25.58% |
| 2020-06-30 | 27.08% |
| 2019-12-31 | 227.50% |
| 2019-09-30 | 24.14% |
| 2019-06-30 | 23.22% |
| 2019-03-31 | 24.38% |
| 2018-09-30 | 48.72% |
| 2018-06-30 | 16.20% |
| 2018-03-31 | 16.92% |
| 2017-09-30 | 16.11% |
| 2017-06-30 | 25.19% |
| 2017-03-31 | 6.11% |
| 2016-12-31 | 56.98% |
| 2016-09-30 | 34.50% |
| 2015-06-30 | 31.20% |
| 2015-03-31 | 69.77% |
| 2014-12-31 | 27.36% |
| 2014-09-30 | 36.88% |
| 2014-06-30 | 40.58% |
| 2014-03-31 | 20.65% |
| 2013-12-31 | 73.82% |
| 2013-09-30 | 23.85% |
| 2013-06-30 | 33.77% |
| 2013-03-31 | 29.36% |
| 2012-12-31 | 27.92% |
| 2012-09-30 | 27.80% |
| 2012-06-30 | 29.96% |
| 2012-03-31 | 27.03% |
| 2011-09-30 | 9.32% |
| 2011-06-30 | 31.32% |
| 2011-03-31 | -6.51% |
| 2010-12-31 | 32.84% |
| 2010-06-30 | 31.61% |
| 2009-12-31 | 37.99% |
| 2009-09-30 | 31.18% |
| 2009-06-30 | 34.63% |
| 2009-03-31 | 74.67% |
| 2008-12-31 | -23.81% |
| 2008-09-30 | 32.62% |
| 2008-06-30 | 39.01% |
| 2008-03-31 | 36.63% |
| 2007-12-31 | 34.26% |
| 2007-09-30 | 41.24% |
| 2007-06-30 | 38.38% |
| 2007-03-31 | 37.96% |
| 2006-12-31 | 9.70% |
| 2006-09-30 | 47.12% |
| 2006-03-31 | 40.25% |
| 2005-12-31 | 39.70% |
| 2005-09-30 | -83.87% |
| 2005-06-30 | 50.61% |
| 2005-03-31 | 39.04% |
| 2004-12-31 | 47.92% |
| 2004-09-30 | 75.00% |
| 2004-03-31 | 71.93% |
| 2003-09-30 | 53.49% |
| 2003-06-30 | 51.92% |
| 2002-12-31 | 47.11% |
