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 35.66% is 49% above its 5-year average of 23.93%, near the high end of its 5-year range (20.31%–35.66%).
As of the fiscal period ended Tuesday, March 31, 2026. 23.87% above its 12-month average of 28.79%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q1 FY2026 (2026-03-31): 35.66%.
TAX RATE
35.66%
TAX RATE AVG TTM
28.79%
TAX RATE AVG 3Y
26.48%
TAX RATE AVG 5Y
23.93%
TAX RATE AVG 10Y
27.24%
TAX RATE AVG 15Y
31.59%
TAX RATE AVG 20Y
32.91%
CURRENT VS TTM AVG
+23.87%
CURRENT VS 3Y AVG
+34.68%
CURRENT VS 5Y AVG
+49.03%
CURRENT VS 10Y AVG
+30.91%
CURRENT VS 15Y AVG
+12.90%
CURRENT VS 20Y AVG
+8.38%
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 | 35.66% |
| 2025-12-31 | 27.25% |
| 2025-03-31 | 23.46% |
| 2024-06-30 | 24.00% |
| 2023-06-30 | 23.96% |
| 2023-03-31 | 24.55% |
| 2022-12-31 | 20.31% |
| 2022-06-30 | 25.27% |
| 2021-12-31 | 29.34% |
| 2021-09-30 | 21.85% |
| 2021-06-30 | 22.47% |
| 2021-03-31 | 20.77% |
| 2019-12-31 | 23.03% |
| 2019-09-30 | 22.80% |
| 2019-06-30 | 23.15% |
| 2019-03-31 | 22.72% |
| 2018-12-31 | 21.01% |
| 2018-09-30 | -5.08% |
| 2018-06-30 | 20.66% |
| 2018-03-31 | 20.46% |
| 2017-12-31 | -402.11% |
| 2017-09-30 | 35.81% |
| 2017-06-30 | 38.07% |
| 2017-03-31 | 37.03% |
| 2016-12-31 | 33.38% |
| 2016-09-30 | 35.97% |
| 2016-06-30 | 37.97% |
| 2016-03-31 | 37.33% |
| 2015-12-31 | 35.74% |
| 2015-09-30 | 37.17% |
| 2015-06-30 | 37.06% |
| 2015-03-31 | 36.06% |
| 2014-12-31 | 38.14% |
| 2014-09-30 | 35.79% |
| 2014-06-30 | 37.20% |
| 2014-03-31 | 37.30% |
| 2013-12-31 | 37.84% |
| 2013-09-30 | 38.23% |
| 2013-06-30 | 37.21% |
| 2013-03-31 | 36.94% |
| 2012-12-31 | 37.57% |
| 2012-09-30 | 37.03% |
| 2012-06-30 | 36.81% |
| 2012-03-31 | 37.14% |
| 2011-12-31 | 41.37% |
| 2011-09-30 | 36.30% |
| 2011-06-30 | 36.72% |
| 2011-03-31 | 37.17% |
| 2010-12-31 | 39.70% |
| 2010-09-30 | 31.57% |
| 2010-06-30 | 36.83% |
| 2010-03-31 | 36.81% |
| 2009-12-31 | 39.71% |
| 2009-09-30 | 35.84% |
| 2009-06-30 | 36.46% |
| 2009-03-31 | 36.10% |
| 2008-12-31 | 36.60% |
| 2008-09-30 | 36.54% |
| 2008-06-30 | 36.41% |
| 2008-03-31 | 34.11% |
| 2007-12-31 | 36.55% |
| 2007-09-30 | 36.80% |
| 2007-06-30 | 36.78% |
| 2007-03-31 | 40.22% |
| 2006-12-31 | 128.18% |
| 2006-09-30 | 0.41% |
