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 23.39% is 15% below its 5-year average of 27.56%, around the middle of its 5-year range (17.71%–35.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.73% below its 12-month average of 27.43%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.39%
TAX RATE AVG TTM
27.43%
TAX RATE AVG 3Y
28.08%
TAX RATE AVG 5Y
27.56%
TAX RATE AVG 10Y
26.89%
TAX RATE AVG 15Y
30.88%
TAX RATE AVG 20Y
34.00%
CURRENT VS TTM AVG
-14.73%
CURRENT VS 3Y AVG
-16.72%
CURRENT VS 5Y AVG
-15.13%
CURRENT VS 10Y AVG
-13.03%
CURRENT VS 15Y AVG
-24.26%
CURRENT VS 20Y AVG
-31.21%
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 | 23.39% |
| 2026-03-31 | 35.81% |
| 2025-12-31 | 17.71% |
| 2025-09-30 | 28.94% |
| 2025-06-30 | 31.30% |
| 2025-03-31 | 30.75% |
| 2024-12-31 | 18.93% |
| 2024-09-30 | 31.13% |
| 2024-06-30 | 29.96% |
| 2024-03-31 | 30.75% |
| 2023-12-31 | 24.59% |
| 2023-09-30 | 31.78% |
| 2023-06-30 | 30.05% |
| 2023-03-31 | 29.52% |
| 2022-12-31 | 30.71% |
| 2022-09-30 | 20.55% |
| 2022-06-30 | 25.50% |
| 2022-03-31 | 32.80% |
| 2021-12-31 | 22.59% |
| 2021-09-30 | 27.73% |
| 2021-06-30 | 24.20% |
| 2021-03-31 | 22.16% |
| 2019-12-31 | 10.66% |
| 2019-09-30 | 31.22% |
| 2019-06-30 | 26.79% |
| 2019-03-31 | 43.90% |
| 2018-12-31 | 23.58% |
| 2018-09-30 | 29.01% |
| 2018-06-30 | 38.79% |
| 2018-03-31 | 33.94% |
| 2017-12-31 | -178.72% |
| 2017-09-30 | 26.83% |
| 2017-06-30 | 21.46% |
| 2017-03-31 | 30.89% |
| 2016-12-31 | -228.04% |
| 2016-09-30 | 10.45% |
| 2016-06-30 | 29.84% |
| 2016-03-31 | -2.95% |
| 2015-12-31 | -7.69% |
| 2015-09-30 | 23.74% |
| 2015-06-30 | 38.71% |
| 2015-03-31 | 23.51% |
| 2014-12-31 | 23.30% |
| 2014-09-30 | 37.76% |
| 2014-06-30 | 35.57% |
| 2014-03-31 | 38.46% |
| 2013-12-31 | 41.27% |
| 2013-09-30 | 43.13% |
| 2013-06-30 | 45.37% |
| 2013-03-31 | 39.14% |
| 2012-12-31 | 41.80% |
| 2012-09-30 | 42.69% |
| 2012-06-30 | 32.60% |
| 2012-03-31 | 44.05% |
| 2011-12-31 | 42.94% |
| 2011-09-30 | 42.87% |
| 2011-06-30 | 41.47% |
| 2011-03-31 | 42.31% |
| 2010-12-31 | 37.91% |
| 2010-09-30 | 41.20% |
| 2010-06-30 | 39.04% |
| 2010-03-31 | 45.52% |
| 2009-12-31 | 39.85% |
| 2009-09-30 | 47.08% |
| 2009-06-30 | 47.51% |
| 2009-03-31 | 40.10% |
| 2008-12-31 | 40.74% |
| 2008-09-30 | 42.43% |
| 2008-06-30 | 46.93% |
| 2008-03-31 | 45.43% |
| 2007-12-31 | 40.88% |
| 2007-09-30 | 43.85% |
| 2007-06-30 | 42.77% |
| 2007-03-31 | 42.23% |
| 2006-12-31 | 34.13% |
| 2006-09-30 | 42.29% |
| 2006-06-30 | 43.09% |
| 2006-03-31 | 45.66% |
| 2005-12-31 | 39.55% |
| 2005-09-30 | 38.20% |
| 2005-06-30 | 40.12% |
| 2005-03-31 | 39.08% |
| 2004-12-31 | 36.52% |
| 2004-09-30 | 40.42% |
| 2004-06-30 | 38.92% |
| 2004-03-31 | 39.30% |
| 2003-12-31 | 29.09% |
| 2003-09-30 | 38.78% |
| 2003-06-30 | 38.20% |
| 2003-03-31 | 34.30% |
| 2002-12-31 | 32.02% |
| 2002-09-30 | 41.37% |
