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 23.61% is in line with its 5-year average of 22.28%, near the high end of its 5-year range (15.98%–25.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.13% above its 12-month average of 21.63%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.61%
TAX RATE AVG TTM
21.63%
TAX RATE AVG 3Y
21.62%
TAX RATE AVG 5Y
22.28%
TAX RATE AVG 10Y
22.39%
TAX RATE AVG 15Y
26.28%
TAX RATE AVG 20Y
26.41%
CURRENT VS TTM AVG
+9.13%
CURRENT VS 3Y AVG
+9.21%
CURRENT VS 5Y AVG
+5.95%
CURRENT VS 10Y AVG
+5.41%
CURRENT VS 15Y AVG
-10.19%
CURRENT VS 20Y AVG
-10.62%
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 | 23.61% |
| 2026-03-31 | 21.36% |
| 2025-12-31 | 20.32% |
| 2025-09-30 | 24.13% |
| 2025-06-30 | 18.73% |
| 2025-03-31 | 22.40% |
| 2024-12-31 | 21.26% |
| 2024-09-30 | 21.75% |
| 2024-06-30 | 20.45% |
| 2024-03-31 | 22.51% |
| 2023-12-31 | 23.05% |
| 2023-09-30 | 20.94% |
| 2023-06-30 | 20.48% |
| 2023-03-31 | 16.20% |
| 2022-12-31 | 15.98% |
| 2022-09-30 | 23.59% |
| 2022-06-30 | 22.77% |
| 2022-03-31 | 22.60% |
| 2021-12-31 | 25.46% |
| 2021-09-30 | 25.47% |
| 2021-06-30 | 22.45% |
| 2021-03-31 | 25.33% |
| 2020-12-31 | 22.60% |
| 2020-09-30 | 21.33% |
| 2020-06-30 | 58.68% |
| 2020-03-31 | 18.81% |
| 2019-12-31 | 14.75% |
| 2019-09-30 | 22.55% |
| 2019-06-30 | 20.64% |
| 2019-03-31 | 20.84% |
| 2018-12-31 | -9.78% |
| 2018-09-30 | 21.91% |
| 2018-06-30 | 22.38% |
| 2018-03-31 | 21.52% |
| 2017-12-31 | 165.73% |
| 2017-09-30 | 25.78% |
| 2017-06-30 | 31.32% |
| 2017-03-31 | 31.97% |
| 2016-12-31 | 28.94% |
| 2016-09-30 | 34.18% |
| 2016-06-30 | 33.19% |
| 2016-03-31 | 34.71% |
| 2015-12-31 | 38.17% |
| 2015-09-30 | 34.67% |
| 2015-06-30 | 33.95% |
| 2015-03-31 | 34.15% |
| 2014-12-31 | 34.97% |
| 2014-09-30 | 34.24% |
| 2014-06-30 | 33.87% |
| 2014-03-31 | 35.14% |
| 2013-12-31 | 33.94% |
| 2013-09-30 | 31.84% |
| 2013-06-30 | 29.57% |
| 2013-03-31 | 32.95% |
| 2012-12-31 | 31.43% |
| 2012-09-30 | 33.16% |
| 2012-06-30 | 28.74% |
| 2012-03-31 | 29.16% |
| 2011-12-31 | 31.81% |
| 2011-09-30 | 27.82% |
| 2011-06-30 | 26.63% |
| 2011-03-31 | 32.04% |
| 2010-12-31 | 28.10% |
| 2010-09-30 | 33.35% |
| 2010-06-30 | 36.24% |
| 2010-03-31 | 29.31% |
| 2009-12-31 | 26.12% |
| 2009-09-30 | 30.07% |
| 2009-06-30 | 18.18% |
| 2009-03-31 | 18.57% |
| 2008-12-31 | -14.18% |
| 2008-09-30 | 20.13% |
| 2008-06-30 | 14.73% |
| 2008-03-31 | 28.54% |
| 2007-12-31 | 25.69% |
| 2007-09-30 | 24.21% |
| 2007-06-30 | 26.25% |
| 2007-03-31 | 32.03% |
| 2006-12-31 | 24.37% |
| 2006-09-30 | 28.76% |
| 2006-06-30 | 32.59% |
| 2006-03-31 | 33.89% |
| 2005-12-31 | 21.69% |
| 2005-09-30 | 19.91% |
| 2005-06-30 | 23.28% |
| 2005-03-31 | 31.53% |
| 2004-12-31 | 24.26% |
| 2004-09-30 | 30.77% |
| 2004-06-30 | 30.81% |
| 2004-03-31 | 30.69% |
| 2003-12-31 | 28.81% |
| 2003-09-30 | 27.63% |
| 2003-06-30 | 30.54% |
| 2003-03-31 | 30.52% |
| 2002-12-31 | 28.03% |
| 2002-09-30 | 28.36% |
