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 20.19% is 13% below its 5-year average of 23.17%, around the middle of its 5-year range (-10.81%–53.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.41% below its 12-month average of 22.53%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.19%
TAX RATE AVG TTM
22.53%
TAX RATE AVG 3Y
22.25%
TAX RATE AVG 5Y
23.17%
TAX RATE AVG 10Y
24.92%
TAX RATE AVG 15Y
26.42%
TAX RATE AVG 20Y
27.64%
CURRENT VS TTM AVG
-10.41%
CURRENT VS 3Y AVG
-9.30%
CURRENT VS 5Y AVG
-12.88%
CURRENT VS 10Y AVG
-18.99%
CURRENT VS 15Y AVG
-23.60%
CURRENT VS 20Y AVG
-26.97%
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 | 20.19% |
| 2026-03-31 | 21.02% |
| 2025-12-31 | 26.21% |
| 2025-09-30 | 22.17% |
| 2025-06-30 | 23.08% |
| 2025-03-31 | 20.25% |
| 2024-12-31 | 22.25% |
| 2024-09-30 | 22.56% |
| 2024-06-30 | 20.63% |
| 2024-03-31 | 21.75% |
| 2023-12-31 | -10.81% |
| 2023-09-30 | 23.01% |
| 2023-06-30 | 23.94% |
| 2023-03-31 | 23.17% |
| 2022-12-31 | 27.67% |
| 2022-09-30 | 27.51% |
| 2022-06-30 | 26.96% |
| 2022-03-31 | 21.33% |
| 2021-12-31 | 53.87% |
| 2021-09-30 | 24.61% |
| 2021-06-30 | 21.95% |
| 2021-03-31 | -103.19% |
| 2020-12-31 | 26.24% |
| 2020-09-30 | 25.44% |
| 2020-06-30 | 29.93% |
| 2020-03-31 | 27.97% |
| 2019-12-31 | 16.71% |
| 2019-09-30 | 36.85% |
| 2019-06-30 | 28.00% |
| 2019-03-31 | 27.49% |
| 2018-12-31 | -4.07% |
| 2018-09-30 | 26.66% |
| 2018-06-30 | 27.43% |
| 2018-03-31 | 26.23% |
| 2017-12-31 | 97.86% |
| 2017-09-30 | 33.09% |
| 2017-06-30 | 31.81% |
| 2017-03-31 | 31.02% |
| 2016-12-31 | 13.38% |
| 2016-09-30 | 27.61% |
| 2016-06-30 | 32.84% |
| 2016-03-31 | 26.70% |
| 2015-12-31 | 39.77% |
| 2015-09-30 | 24.18% |
| 2015-06-30 | 26.35% |
| 2015-03-31 | 32.09% |
| 2014-12-31 | 11.35% |
| 2014-09-30 | 31.68% |
| 2014-06-30 | 28.81% |
| 2014-03-31 | 34.61% |
| 2013-12-31 | 34.23% |
| 2013-09-30 | 27.06% |
| 2013-06-30 | 31.06% |
| 2013-03-31 | 32.01% |
| 2012-12-31 | 22.68% |
| 2012-09-30 | 31.98% |
| 2012-06-30 | 28.01% |
| 2012-03-31 | 27.99% |
| 2011-12-31 | 20.00% |
| 2011-09-30 | 27.98% |
| 2011-06-30 | 32.00% |
| 2011-03-31 | 32.01% |
| 2010-12-31 | 20.02% |
| 2010-09-30 | 37.35% |
| 2010-06-30 | 31.00% |
| 2010-03-31 | 31.02% |
| 2009-12-31 | -631.25% |
| 2009-09-30 | 32.28% |
| 2008-12-31 | 30.86% |
| 2008-09-30 | 32.95% |
| 2008-06-30 | 31.95% |
| 2008-03-31 | 33.53% |
| 2007-12-31 | 30.40% |
| 2007-09-30 | 34.98% |
| 2007-06-30 | 32.88% |
| 2007-03-31 | 33.80% |
| 2006-12-31 | 18.32% |
| 2006-09-30 | 37.93% |
| 2006-06-30 | 36.97% |
| 2006-03-31 | 32.30% |
| 2005-09-30 | 39.49% |
| 2005-06-30 | 35.78% |
| 2005-03-31 | 41.05% |
| 2004-12-31 | 18.40% |
| 2004-09-30 | 37.87% |
| 2004-06-30 | 38.59% |
| 2004-03-31 | 38.56% |
| 2003-12-31 | 33.90% |
| 2003-09-30 | -163.40% |
| 2003-06-30 | 35.19% |
