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 23.14% is 18% below its 5-year average of 28.11%, around the middle of its 5-year range (7.51%–43.25%).
As of the fiscal period ended Tuesday, March 31, 2026. 19.59% above its 12-month average of 19.35%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.14%
TAX RATE AVG TTM
19.35%
TAX RATE AVG 3Y
26.95%
TAX RATE AVG 5Y
28.11%
TAX RATE AVG 10Y
30.81%
TAX RATE AVG 15Y
32.62%
TAX RATE AVG 20Y
29.88%
CURRENT VS TTM AVG
+19.59%
CURRENT VS 3Y AVG
-14.15%
CURRENT VS 5Y AVG
-17.69%
CURRENT VS 10Y AVG
-24.89%
CURRENT VS 15Y AVG
-29.06%
CURRENT VS 20Y AVG
-22.55%
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 | 23.14% |
| 2025-12-31 | 19.82% |
| 2025-09-30 | 20.03% |
| 2025-06-30 | 7.51% |
| 2025-03-31 | 26.25% |
| 2024-12-31 | 36.90% |
| 2024-09-30 | 23.90% |
| 2024-06-30 | 39.10% |
| 2024-03-31 | 26.32% |
| 2023-12-31 | 22.57% |
| 2023-09-30 | 27.15% |
| 2023-06-30 | 34.46% |
| 2023-03-31 | 43.25% |
| 2022-09-30 | 34.40% |
| 2022-06-30 | 28.01% |
| 2022-03-31 | 29.89% |
| 2021-12-31 | 20.88% |
| 2021-09-30 | 34.55% |
| 2021-06-30 | 33.08% |
| 2021-03-31 | 31.06% |
| 2020-12-31 | 27.63% |
| 2020-09-30 | 18.26% |
| 2020-06-30 | 29.32% |
| 2020-03-31 | 36.80% |
| 2019-12-31 | 30.63% |
| 2019-09-30 | 24.52% |
| 2019-06-30 | 15.53% |
| 2019-03-31 | 54.40% |
| 2018-06-30 | 290.00% |
| 2018-03-31 | 51.15% |
| 2017-09-30 | 115.87% |
| 2017-06-30 | 19.42% |
| 2017-03-31 | 39.97% |
| 2016-12-31 | 30.34% |
| 2016-09-30 | 57.76% |
| 2016-06-30 | 49.57% |
| 2016-03-31 | 163.16% |
| 2015-06-30 | 109.57% |
| 2015-03-31 | 54.12% |
| 2014-09-30 | 60.84% |
| 2014-03-31 | 69.47% |
| 2013-09-30 | 97.65% |
| 2013-03-31 | 33.67% |
| 2012-09-30 | 41.05% |
| 2012-06-30 | 29.55% |
| 2012-03-31 | 33.75% |
| 2011-12-31 | 38.05% |
| 2011-09-30 | 32.11% |
| 2011-06-30 | 31.79% |
| 2011-03-31 | 32.74% |
| 2010-12-31 | 35.25% |
| 2010-09-30 | 28.48% |
| 2010-06-30 | 24.46% |
| 2010-03-31 | 34.03% |
| 2009-12-31 | 66.91% |
| 2009-06-30 | 27.84% |
| 2009-03-31 | 8.51% |
| 2008-09-30 | 8.04% |
| 2008-06-30 | 22.87% |
| 2008-03-31 | 32.94% |
| 2007-12-31 | 2.74% |
| 2007-09-30 | 14.36% |
| 2007-06-30 | 24.20% |
| 2006-12-31 | 34.33% |
| 2006-09-30 | 21.28% |
| 2006-06-30 | 21.66% |
| 2006-03-31 | 16.50% |
| 2005-12-31 | -0.04% |
| 2005-09-30 | 24.14% |
| 2005-06-30 | 13.21% |
| 2005-03-31 | 22.34% |
| 2004-09-30 | 12.77% |
| 2004-06-30 | -125.00% |
| 2004-03-31 | 34.62% |
| 2003-12-31 | -5.77% |
| 2003-09-30 | 38.96% |
| 2003-06-30 | -33.90% |
| 2003-03-31 | 4.23% |
| 2002-12-31 | -9.10% |
| 2002-09-30 | 5.26% |
| 2002-06-30 | 5.32% |
