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 20.68% is 38% above its 5-year average of 14.96%, near the high end of its 5-year range (5.86%–20.68%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.32% above its 12-month average of 19.45%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.68%
TAX RATE AVG TTM
19.45%
TAX RATE AVG 3Y
16.48%
TAX RATE AVG 5Y
14.96%
TAX RATE AVG 10Y
18.12%
TAX RATE AVG 15Y
26.59%
TAX RATE AVG 20Y
28.90%
CURRENT VS TTM AVG
+6.32%
CURRENT VS 3Y AVG
+25.51%
CURRENT VS 5Y AVG
+38.25%
CURRENT VS 10Y AVG
+14.10%
CURRENT VS 15Y AVG
-22.24%
CURRENT VS 20Y AVG
-28.45%
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 | 20.68% |
| 2025-12-31 | 19.98% |
| 2025-09-30 | 17.94% |
| 2025-06-30 | 19.17% |
| 2025-03-31 | 19.49% |
| 2024-12-31 | 18.40% |
| 2024-09-30 | 15.94% |
| 2024-06-30 | 16.80% |
| 2024-03-31 | 15.66% |
| 2023-12-31 | 14.74% |
| 2023-09-30 | 13.65% |
| 2023-06-30 | 10.57% |
| 2023-03-31 | 11.18% |
| 2022-12-31 | 11.05% |
| 2022-09-30 | 14.83% |
| 2022-06-30 | 9.26% |
| 2022-03-31 | 10.08% |
| 2021-12-31 | 5.86% |
| 2021-09-30 | 18.17% |
| 2021-06-30 | 13.44% |
| 2021-03-31 | 17.23% |
| 2020-12-31 | 23.06% |
| 2020-09-30 | 21.65% |
| 2020-06-30 | 7.02% |
| 2020-03-31 | 21.76% |
| 2019-12-31 | 22.46% |
| 2019-09-30 | 16.80% |
| 2019-06-30 | 22.82% |
| 2019-03-31 | 21.85% |
| 2018-12-31 | 21.53% |
| 2018-09-30 | 39.51% |
| 2018-06-30 | 27.09% |
| 2018-03-31 | 25.86% |
| 2017-12-31 | -51.01% |
| 2017-09-30 | 35.12% |
| 2017-06-30 | 36.71% |
| 2017-03-31 | 37.46% |
| 2016-12-31 | 35.90% |
| 2016-09-30 | 36.47% |
| 2016-06-30 | 35.05% |
| 2016-03-31 | 36.09% |
| 2015-12-31 | 37.44% |
| 2015-09-30 | 45.34% |
| 2015-06-30 | 37.66% |
| 2015-03-31 | 37.76% |
| 2014-12-31 | 37.54% |
| 2014-09-30 | 51.60% |
| 2014-06-30 | 38.54% |
| 2014-03-31 | 38.53% |
| 2013-12-31 | 36.24% |
| 2013-09-30 | 54.19% |
| 2013-06-30 | 37.06% |
| 2013-03-31 | 37.09% |
| 2012-12-31 | 38.17% |
| 2012-06-30 | 37.13% |
| 2012-03-31 | 38.61% |
| 2011-12-31 | 38.68% |
| 2011-09-30 | -90.63% |
| 2011-03-31 | 35.77% |
| 2010-12-31 | 38.53% |
| 2010-09-30 | 24.32% |
| 2010-03-31 | 38.31% |
| 2009-12-31 | 38.44% |
| 2009-06-30 | 42.08% |
| 2009-03-31 | 31.91% |
| 2008-12-31 | 38.69% |
| 2008-09-30 | 50.13% |
| 2008-03-31 | 37.72% |
| 2007-12-31 | 39.31% |
| 2007-03-31 | 39.34% |
| 2006-12-31 | 39.00% |
| 2006-09-30 | 40.66% |
| 2006-03-31 | 37.86% |
| 2005-12-31 | 37.67% |
| 2005-06-30 | 38.57% |
| 2005-03-31 | 36.81% |
| 2004-12-31 | 38.25% |
| 2004-06-30 | 37.60% |
| 2004-03-31 | 37.78% |
| 2003-12-31 | 37.69% |
| 2003-03-31 | 37.60% |
| 2002-12-31 | 37.50% |
| 2002-06-30 | 37.10% |
