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 21.96% is 14% above its 5-year average of 19.21%, around the middle of its 5-year range (6.06%–34.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.84% above its 12-month average of 20.36%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.96%
TAX RATE AVG TTM
20.36%
TAX RATE AVG 3Y
19.53%
TAX RATE AVG 5Y
19.21%
TAX RATE AVG 10Y
17.91%
TAX RATE AVG 15Y
19.71%
TAX RATE AVG 20Y
21.78%
CURRENT VS TTM AVG
+7.84%
CURRENT VS 3Y AVG
+12.42%
CURRENT VS 5Y AVG
+14.33%
CURRENT VS 10Y AVG
+22.63%
CURRENT VS 15Y AVG
+11.40%
CURRENT VS 20Y AVG
+0.85%
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 | 21.96% |
| 2026-03-31 | 20.22% |
| 2025-12-31 | 22.86% |
| 2025-09-30 | 21.27% |
| 2025-06-30 | 15.50% |
| 2025-03-31 | 21.44% |
| 2024-12-31 | 17.62% |
| 2024-09-30 | 20.94% |
| 2024-06-30 | 22.92% |
| 2024-03-31 | 23.24% |
| 2023-12-31 | 16.75% |
| 2023-09-30 | 16.61% |
| 2023-06-30 | 12.61% |
| 2023-03-31 | 19.60% |
| 2022-12-31 | 6.06% |
| 2022-09-30 | 18.04% |
| 2022-06-30 | 18.80% |
| 2022-03-31 | 19.63% |
| 2021-12-31 | 15.73% |
| 2021-06-30 | 34.06% |
| 2021-03-31 | 20.05% |
| 2020-12-31 | 14.70% |
| 2020-09-30 | 22.53% |
| 2020-06-30 | 17.14% |
| 2020-03-31 | 19.29% |
| 2019-12-31 | 13.38% |
| 2019-09-30 | 19.65% |
| 2019-06-30 | 16.33% |
| 2019-03-31 | 15.71% |
| 2018-12-31 | 32.54% |
| 2018-09-30 | 20.10% |
| 2018-03-31 | 15.88% |
| 2017-12-31 | 95.81% |
| 2017-09-30 | 2.00% |
| 2017-03-31 | 0.00% |
| 2016-12-31 | 10.86% |
| 2016-09-30 | 8.09% |
| 2016-06-30 | 13.61% |
| 2016-03-31 | 15.90% |
| 2015-12-31 | 15.95% |
| 2015-09-30 | 13.92% |
| 2015-06-30 | 12.15% |
| 2015-03-31 | 19.00% |
| 2014-12-31 | 19.62% |
| 2014-09-30 | 19.23% |
| 2014-06-30 | 17.63% |
| 2014-03-31 | 18.84% |
| 2013-12-31 | 24.21% |
| 2013-09-30 | 25.21% |
| 2013-06-30 | 26.32% |
| 2013-03-31 | 26.09% |
| 2012-12-31 | 25.12% |
| 2012-09-30 | 23.36% |
| 2012-06-30 | 27.35% |
| 2012-03-31 | 28.03% |
| 2011-12-31 | 27.08% |
| 2011-09-30 | 28.77% |
| 2011-06-30 | 24.72% |
| 2011-03-31 | 28.93% |
| 2010-12-31 | 32.78% |
| 2010-09-30 | 29.33% |
| 2010-06-30 | 24.59% |
| 2010-03-31 | 24.70% |
| 2009-12-31 | 25.69% |
| 2009-09-30 | 26.40% |
| 2009-06-30 | 27.14% |
| 2009-03-31 | 31.49% |
| 2008-12-31 | 28.65% |
| 2008-09-30 | 27.06% |
| 2008-06-30 | 25.22% |
| 2008-03-31 | 29.46% |
| 2007-12-31 | 5.56% |
| 2007-09-30 | 41.70% |
| 2007-06-30 | 34.88% |
| 2007-03-31 | 31.25% |
| 2006-12-31 | 24.19% |
| 2006-09-30 | 35.25% |
| 2006-06-30 | 34.46% |
| 2006-03-31 | 34.96% |
| 2005-12-31 | 29.76% |
| 2005-09-30 | 32.64% |
| 2005-06-30 | 39.84% |
| 2005-03-31 | 36.13% |
| 2004-12-31 | 23.64% |
| 2004-09-30 | 35.43% |
| 2004-06-30 | 36.17% |
| 2004-03-31 | 36.00% |
| 2003-12-31 | 37.08% |
| 2003-09-30 | 37.19% |
| 2003-06-30 | 36.92% |
| 2003-03-31 | 36.94% |
| 2002-12-31 | 37.02% |
| 2002-09-30 | 38.60% |
