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 10.32% is 47% below its 5-year average of 19.37%, near the low end of its 5-year range (1.67%–48.15%).
As of the fiscal period ended Thursday, March 5, 2026. 7.47% below its 12-month average of 11.16%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
10.32%
TAX RATE AVG TTM
11.16%
TAX RATE AVG 3Y
17.40%
TAX RATE AVG 5Y
19.47%
TAX RATE AVG 10Y
19.65%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-7.47%
CURRENT VS 3Y AVG
-40.69%
CURRENT VS 5Y AVG
-46.97%
CURRENT VS 10Y AVG
-47.47%
CURRENT VS 15Y AVG
N/A
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 |
|---|---|
| 2026-03-05 | 10.32% |
| 2025-12-31 | 1.67% |
| 2025-09-30 | 15.76% |
| 2025-03-31 | 16.88% |
| 2024-12-31 | 25.78% |
| 2024-09-30 | 18.22% |
| 2024-06-30 | 17.67% |
| 2024-03-31 | 17.47% |
| 2023-12-31 | 17.07% |
| 2023-09-30 | 20.21% |
| 2023-06-30 | 26.98% |
| 2023-03-31 | 15.96% |
| 2022-12-31 | 6.68% |
| 2022-09-30 | 19.86% |
| 2022-06-30 | 48.15% |
| 2022-03-31 | 20.99% |
| 2021-12-31 | 21.03% |
| 2021-09-30 | 23.68% |
| 2021-06-30 | 22.22% |
| 2021-03-31 | 20.82% |
| 2020-12-31 | 19.86% |
| 2020-09-30 | 23.37% |
| 2020-06-30 | 26.50% |
| 2020-03-31 | 23.43% |
| 2019-12-31 | 19.31% |
| 2019-09-30 | 22.45% |
| 2019-06-30 | 52.52% |
| 2019-03-31 | 20.77% |
| 2018-12-31 | 17.25% |
| 2018-09-30 | 17.61% |
| 2018-06-30 | 13.33% |
| 2018-03-31 | 13.33% |
| 2017-12-31 | 21.24% |
| 2017-09-30 | 19.36% |
| 2017-06-30 | 18.17% |
| 2017-03-31 | 18.17% |
| 2016-12-31 | 21.52% |
| 2016-09-30 | 21.52% |
| 2015-12-31 | 21.49% |
| 2015-09-30 | 21.49% |
| 2015-06-30 | 20.54% |
| 2015-03-31 | 20.54% |
| 2014-12-31 | 21.48% |
| 2014-09-30 | 21.48% |
| 2014-06-30 | 20.58% |
| 2014-03-31 | 20.58% |
| 2013-12-31 | 20.40% |
| 2013-09-30 | 20.40% |
| 2013-06-30 | 21.88% |
| 2013-03-31 | 21.88% |
| 2012-12-31 | 21.92% |
| 2012-09-30 | 21.92% |
