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 20.91% is in line with its 5-year average of 20.65%, near the high end of its 5-year range (-14.56%–22.14%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.73% above its 12-month average of 20.35%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.91%
TAX RATE AVG TTM
20.35%
TAX RATE AVG 3Y
20.50%
TAX RATE AVG 5Y
20.65%
TAX RATE AVG 10Y
20.23%
TAX RATE AVG 15Y
23.88%
TAX RATE AVG 20Y
26.60%
CURRENT VS TTM AVG
+2.73%
CURRENT VS 3Y AVG
+1.98%
CURRENT VS 5Y AVG
+1.23%
CURRENT VS 10Y AVG
+3.33%
CURRENT VS 15Y AVG
-12.44%
CURRENT VS 20Y AVG
-21.42%
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 | 20.91% |
| 2026-03-31 | 20.32% |
| 2025-12-31 | 18.93% |
| 2025-09-30 | 20.66% |
| 2025-06-30 | 20.94% |
| 2025-03-31 | 19.61% |
| 2024-12-31 | 19.40% |
| 2024-09-30 | 21.54% |
| 2024-06-30 | 21.58% |
| 2024-03-31 | 19.18% |
| 2023-12-31 | 10.12% |
| 2023-09-30 | 21.24% |
| 2023-06-30 | 21.69% |
| 2023-03-31 | 20.57% |
| 2022-12-31 | -14.56% |
| 2022-09-30 | 21.04% |
| 2022-06-30 | 21.15% |
| 2022-03-31 | 20.88% |
| 2021-12-31 | 22.14% |
| 2021-09-30 | 20.20% |
| 2021-06-30 | 20.43% |
| 2021-03-31 | 19.15% |
| 2020-12-31 | 18.97% |
| 2020-09-30 | 19.45% |
| 2020-06-30 | 19.17% |
| 2020-03-31 | 18.46% |
| 2019-12-31 | 13.65% |
| 2019-09-30 | 19.56% |
| 2019-06-30 | 18.98% |
| 2019-03-31 | 19.41% |
| 2018-12-31 | 15.71% |
| 2018-09-30 | 20.09% |
| 2018-06-30 | 20.73% |
| 2018-03-31 | 20.60% |
| 2017-12-31 | 12.27% |
| 2017-09-30 | 28.77% |
| 2017-06-30 | 28.86% |
| 2017-03-31 | 28.83% |
| 2016-12-31 | 30.54% |
| 2016-09-30 | 31.94% |
| 2016-06-30 | 30.13% |
| 2016-03-31 | 31.21% |
| 2015-12-31 | 31.67% |
| 2015-09-30 | 31.62% |
| 2015-06-30 | 31.64% |
| 2015-03-31 | 31.41% |
| 2014-12-31 | 31.20% |
| 2014-09-30 | 31.41% |
| 2014-06-30 | 29.85% |
| 2014-03-31 | 29.36% |
| 2013-12-31 | 28.27% |
| 2013-09-30 | 29.42% |
| 2013-06-30 | 29.80% |
| 2013-03-31 | 28.20% |
| 2012-12-31 | 26.44% |
| 2012-09-30 | 29.56% |
| 2012-06-30 | 27.95% |
| 2012-03-31 | 29.07% |
| 2011-12-31 | 27.82% |
| 2011-09-30 | 28.98% |
| 2011-06-30 | 29.87% |
| 2011-03-31 | 30.00% |
| 2010-12-31 | 30.73% |
| 2010-09-30 | 31.06% |
| 2010-06-30 | 31.16% |
| 2010-03-31 | 31.29% |
| 2009-12-31 | 32.68% |
| 2009-09-30 | 32.85% |
| 2009-06-30 | 37.26% |
| 2008-12-31 | 37.49% |
| 2008-09-30 | 37.06% |
| 2008-06-30 | 37.89% |
| 2008-03-31 | 37.50% |
| 2007-12-31 | 37.50% |
| 2007-09-30 | 37.50% |
| 2007-06-30 | 37.50% |
| 2007-03-31 | 37.50% |
| 2006-12-31 | 37.50% |
| 2006-09-30 | 37.21% |
| 2006-06-30 | 37.56% |
| 2006-03-31 | 38.00% |
| 2005-12-31 | 38.10% |
| 2005-09-30 | 38.22% |
| 2005-06-30 | 38.00% |
| 2005-03-31 | 38.04% |
| 2004-12-31 | 40.50% |
| 2004-09-30 | 37.66% |
| 2004-06-30 | 37.66% |
| 2004-03-31 | 37.66% |
| 2003-12-31 | 39.49% |
| 2003-09-30 | 37.00% |
| 2003-06-30 | 37.00% |
| 2003-03-31 | 37.01% |
| 2002-12-31 | -31.78% |
| 2002-09-30 | 36.15% |
