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 20.71% is in line with its 5-year average of 20.00%, around the middle of its 5-year range (16.24%–23.17%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.85% above its 12-month average of 20.54%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.71%
TAX RATE AVG TTM
20.54%
TAX RATE AVG 3Y
20.40%
TAX RATE AVG 5Y
20.00%
TAX RATE AVG 10Y
18.82%
TAX RATE AVG 15Y
23.37%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+0.85%
CURRENT VS 3Y AVG
+1.51%
CURRENT VS 5Y AVG
+3.56%
CURRENT VS 10Y AVG
+10.03%
CURRENT VS 15Y AVG
-11.38%
CURRENT VS 20Y AVG
N/A
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 | 20.71% |
| 2025-12-31 | 20.76% |
| 2025-09-30 | 18.71% |
| 2025-06-30 | 20.40% |
| 2025-03-31 | 22.10% |
| 2024-12-31 | 20.63% |
| 2024-09-30 | 20.82% |
| 2024-06-30 | 20.00% |
| 2024-03-31 | 19.81% |
| 2023-12-31 | 19.54% |
| 2023-09-30 | 16.88% |
| 2023-06-30 | 23.17% |
| 2023-03-31 | 20.95% |
| 2022-12-31 | 22.30% |
| 2022-09-30 | 20.84% |
| 2022-06-30 | 21.04% |
| 2022-03-31 | 18.29% |
| 2021-12-31 | 18.38% |
| 2021-09-30 | 16.24% |
| 2021-06-30 | 19.65% |
| 2021-03-31 | 18.78% |
| 2020-12-31 | 14.76% |
| 2020-09-30 | 19.77% |
| 2020-06-30 | 21.99% |
| 2020-03-31 | 14.89% |
| 2019-12-31 | 12.13% |
| 2019-09-30 | 17.99% |
| 2019-06-30 | 18.46% |
| 2019-03-31 | 18.11% |
| 2018-12-31 | 17.46% |
| 2018-09-30 | 16.99% |
| 2018-06-30 | 12.59% |
| 2018-03-31 | 16.07% |
| 2017-12-31 | 81.40% |
| 2017-10-01 | 28.33% |
| 2017-07-02 | 28.41% |
| 2017-04-02 | 29.08% |
| 2016-12-31 | 33.33% |
| 2016-10-02 | 28.83% |
| 2016-07-03 | 32.53% |
| 2016-04-03 | 38.55% |
| 2015-12-31 | 71.01% |
| 2015-09-27 | 30.40% |
| 2015-03-29 | 28.26% |
| 2014-12-31 | 18.71% |
| 2014-09-28 | 29.83% |
| 2014-06-29 | 30.50% |
| 2014-03-30 | 31.72% |
| 2013-12-31 | 17.46% |
| 2013-09-29 | 29.19% |
| 2013-06-30 | 31.55% |
| 2013-03-31 | 27.08% |
| 2012-12-31 | 113.51% |
| 2012-09-30 | 24.41% |
| 2012-06-30 | 31.35% |
| 2012-03-31 | 34.50% |
| 2011-12-31 | 66.67% |
| 2011-09-30 | 35.81% |
| 2011-06-30 | 36.54% |
| 2011-03-31 | 31.25% |
