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 20.02% is in line with its 5-year average of 19.60%, near the high end of its 5-year range (11.36%–23.68%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.90% below its 12-month average of 20.20%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.02%
TAX RATE AVG TTM
20.20%
TAX RATE AVG 3Y
21.27%
TAX RATE AVG 5Y
20.27%
TAX RATE AVG 10Y
17.87%
TAX RATE AVG 15Y
19.42%
TAX RATE AVG 20Y
19.67%
CURRENT VS TTM AVG
-0.90%
CURRENT VS 3Y AVG
-5.89%
CURRENT VS 5Y AVG
-1.23%
CURRENT VS 10Y AVG
+12.05%
CURRENT VS 15Y AVG
+3.09%
CURRENT VS 20Y AVG
+1.77%
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 | 20.02% |
| 2025-12-31 | 21.98% |
| 2025-09-30 | 22.32% |
| 2025-06-30 | 21.54% |
| 2025-03-31 | 15.14% |
| 2024-12-31 | 20.78% |
| 2024-09-30 | 20.78% |
| 2024-06-30 | 21.12% |
| 2024-03-31 | 18.79% |
| 2023-12-31 | 23.68% |
| 2023-09-30 | 21.93% |
| 2023-06-30 | 21.03% |
| 2023-03-31 | 15.93% |
| 2022-12-31 | 20.19% |
| 2022-09-30 | 20.52% |
| 2022-06-30 | 20.57% |
| 2022-03-31 | 17.99% |
| 2021-12-31 | 19.05% |
| 2021-09-30 | 18.82% |
| 2021-06-30 | 18.03% |
| 2021-03-31 | 11.36% |
| 2020-12-31 | 6.84% |
| 2020-03-31 | 13.40% |
| 2019-12-31 | 13.30% |
| 2019-09-30 | 15.29% |
| 2019-06-30 | 16.18% |
| 2019-03-31 | 15.96% |
| 2018-12-31 | 17.33% |
| 2018-09-30 | 14.46% |
| 2018-06-30 | 15.69% |
| 2018-03-31 | 14.66% |
| 2017-12-31 | 70.25% |
| 2017-09-30 | 19.91% |
| 2017-06-30 | 23.09% |
| 2017-03-31 | 15.16% |
| 2016-12-31 | 14.71% |
| 2016-09-30 | 9.66% |
| 2016-06-30 | 18.29% |
| 2016-03-31 | 23.37% |
| 2015-12-31 | 14.80% |
| 2015-09-30 | 23.97% |
| 2015-06-30 | 22.60% |
| 2015-03-31 | 22.49% |
| 2014-12-31 | 18.64% |
| 2014-09-30 | 21.53% |
| 2014-06-30 | 24.56% |
| 2014-03-31 | 20.62% |
| 2013-12-31 | 20.25% |
| 2013-09-30 | 25.58% |
| 2013-06-30 | 29.85% |
| 2013-03-31 | 24.85% |
| 2012-12-31 | 20.81% |
| 2012-09-30 | 23.62% |
| 2012-06-30 | 42.81% |
| 2012-03-31 | 22.67% |
| 2011-12-31 | 19.03% |
| 2011-09-30 | 33.44% |
| 2011-06-30 | 28.85% |
| 2011-03-31 | 23.83% |
| 2010-12-31 | 21.85% |
| 2010-09-30 | 29.60% |
| 2010-06-30 | 14.29% |
| 2010-03-31 | 18.01% |
| 2009-12-31 | 17.22% |
| 2009-09-30 | 23.53% |
| 2009-06-30 | 24.35% |
| 2009-03-31 | 13.43% |
| 2008-06-30 | 11.64% |
| 2008-03-31 | 2.11% |
| 2007-12-31 | 24.56% |
| 2007-09-30 | 8.76% |
| 2007-06-30 | 20.00% |
| 2007-03-31 | 23.61% |
| 2006-12-31 | 15.76% |
| 2006-09-30 | 19.82% |
| 2006-06-30 | 24.19% |
| 2006-03-31 | 24.08% |
| 2005-12-31 | 12.60% |
| 2005-09-30 | 32.04% |
| 2005-06-30 | 21.99% |
| 2005-03-31 | 28.86% |
| 2004-12-31 | 17.13% |
| 2004-09-30 | 27.97% |
