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 21.37% is in line with its 5-year average of 20.74%, around the middle of its 5-year range (16.32%–23.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.33% above its 12-month average of 20.48%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.37%
TAX RATE AVG TTM
20.48%
TAX RATE AVG 3Y
21.88%
TAX RATE AVG 5Y
20.74%
TAX RATE AVG 10Y
20.91%
TAX RATE AVG 15Y
24.58%
TAX RATE AVG 20Y
25.00%
CURRENT VS TTM AVG
+4.33%
CURRENT VS 3Y AVG
-2.34%
CURRENT VS 5Y AVG
+3.01%
CURRENT VS 10Y AVG
+2.16%
CURRENT VS 15Y AVG
-13.08%
CURRENT VS 20Y AVG
-14.53%
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 |
|---|---|
| 2026-06-30 | 21.37% |
| 2026-03-31 | 16.32% |
| 2025-12-31 | 20.49% |
| 2025-09-30 | 21.01% |
| 2025-06-30 | 23.22% |
| 2025-03-31 | 22.51% |
| 2024-12-31 | 21.00% |
| 2024-09-30 | 23.00% |
| 2024-06-30 | 23.74% |
| 2024-03-31 | 23.00% |
| 2023-12-31 | 20.40% |
| 2023-09-30 | 20.60% |
| 2023-06-30 | 22.19% |
| 2023-03-31 | 21.36% |
| 2022-12-31 | 20.16% |
| 2022-09-30 | 19.49% |
| 2022-06-30 | 19.36% |
| 2022-03-31 | 19.03% |
| 2021-12-31 | 17.01% |
| 2021-09-30 | 19.55% |
| 2021-06-30 | 20.76% |
| 2021-03-31 | 21.74% |
| 2020-12-31 | 21.76% |
| 2020-09-30 | 26.18% |
| 2020-06-30 | 32.05% |
| 2019-12-31 | 18.38% |
| 2019-09-30 | 18.64% |
| 2019-06-30 | 20.57% |
| 2019-03-31 | 20.84% |
| 2018-12-31 | 16.21% |
| 2018-09-30 | 21.40% |
| 2018-06-30 | 21.14% |
| 2018-03-31 | 20.58% |
| 2017-12-31 | 22.41% |
| 2017-09-30 | 27.99% |
| 2017-06-30 | 31.93% |
| 2017-03-31 | 32.35% |
| 2016-12-31 | 33.72% |
| 2016-09-30 | 33.46% |
| 2016-06-30 | 31.21% |
| 2016-03-31 | 31.16% |
| 2015-12-31 | 29.66% |
| 2015-09-30 | 33.28% |
| 2015-06-30 | 30.94% |
| 2015-03-31 | 29.80% |
| 2014-12-31 | 31.81% |
| 2014-09-30 | 32.20% |
| 2014-06-30 | 31.61% |
| 2014-03-31 | 31.46% |
| 2013-12-31 | 25.50% |
| 2013-09-30 | 30.29% |
| 2013-06-30 | 27.46% |
| 2013-03-31 | 27.23% |
| 2012-12-31 | 28.82% |
| 2012-09-30 | 24.45% |
| 2012-06-30 | 26.63% |
| 2012-03-31 | 27.80% |
| 2011-12-31 | 21.37% |
| 2011-09-30 | 20.57% |
| 2011-06-30 | 24.68% |
| 2011-03-31 | 27.39% |
| 2010-12-31 | 27.73% |
| 2010-09-30 | 22.78% |
| 2010-06-30 | 24.41% |
| 2010-03-31 | 26.04% |
| 2009-12-31 | 27.68% |
| 2009-09-30 | 22.25% |
| 2009-06-30 | 22.25% |
| 2008-12-31 | -72.77% |
| 2008-06-30 | 15.90% |
| 2008-03-31 | 28.64% |
| 2007-12-31 | 29.07% |
| 2007-09-30 | 29.62% |
| 2007-06-30 | 29.35% |
| 2007-03-31 | 29.53% |
| 2006-12-31 | 29.44% |
| 2006-09-30 | 28.76% |
| 2006-06-30 | 29.01% |
| 2006-03-31 | 28.57% |
| 2005-12-31 | 29.10% |
| 2005-09-30 | 26.62% |
| 2005-06-30 | 29.27% |
| 2005-03-31 | 30.32% |
| 2004-12-31 | 31.22% |
| 2004-09-30 | 29.26% |
| 2004-06-30 | 30.50% |
| 2004-03-31 | 31.66% |
| 2003-12-31 | 31.54% |
| 2003-09-30 | 28.45% |
| 2003-06-30 | 31.29% |
| 2003-03-31 | 31.54% |
| 2002-12-31 | 29.36% |
| 2002-09-30 | 32.70% |
