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 23.22% is in line with its 5-year average of 23.97%, near the low end of its 5-year range (-1.13%–107.14%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.20% above its 12-month average of 21.46%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.22%
TAX RATE AVG TTM
21.46%
TAX RATE AVG 3Y
22.21%
TAX RATE AVG 5Y
20.85%
TAX RATE AVG 10Y
18.98%
TAX RATE AVG 15Y
20.86%
TAX RATE AVG 20Y
24.25%
CURRENT VS TTM AVG
+8.20%
CURRENT VS 3Y AVG
+4.57%
CURRENT VS 5Y AVG
+11.35%
CURRENT VS 10Y AVG
+22.36%
CURRENT VS 15Y AVG
+11.30%
CURRENT VS 20Y AVG
-4.23%
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 | 23.22% |
| 2025-12-31 | 20.24% |
| 2025-09-30 | 19.10% |
| 2025-06-30 | 22.10% |
| 2025-03-31 | 22.65% |
| 2024-12-31 | 107.14% |
| 2024-09-30 | 17.87% |
| 2024-06-30 | 23.56% |
| 2024-03-31 | 25.47% |
| 2023-12-31 | 27.66% |
| 2023-09-30 | 25.28% |
| 2023-06-30 | 18.83% |
| 2023-03-31 | 20.50% |
| 2022-12-31 | 26.32% |
| 2022-09-30 | 8.80% |
| 2022-03-31 | 18.28% |
| 2021-12-31 | 3.26% |
| 2021-09-30 | -1.13% |
| 2021-06-30 | 36.48% |
| 2021-03-31 | 13.79% |
| 2020-12-31 | 2.99% |
| 2020-09-30 | 23.32% |
| 2020-06-30 | 20.00% |
| 2020-03-31 | -21.05% |
| 2019-12-31 | -1.56% |
| 2019-09-30 | 25.81% |
| 2019-06-30 | 13.60% |
| 2019-03-31 | 7.87% |
| 2018-12-31 | -30.70% |
| 2018-09-30 | 70.35% |
| 2018-06-30 | 27.71% |
| 2018-03-31 | 21.38% |
| 2017-12-31 | 42.39% |
| 2017-09-30 | 7.27% |
| 2017-06-30 | 18.03% |
| 2017-03-31 | 26.19% |
| 2016-12-31 | 74.71% |
| 2016-09-30 | 67.65% |
| 2016-06-30 | -59.38% |
| 2015-12-31 | -1.44% |
| 2015-09-30 | -182.35% |
| 2015-06-30 | 33.19% |
| 2015-03-31 | 3.57% |
| 2014-12-31 | 10.48% |
| 2014-09-30 | 21.18% |
| 2014-06-30 | 27.96% |
| 2014-03-31 | 27.48% |
| 2013-12-31 | 29.56% |
| 2013-09-30 | 26.76% |
| 2013-06-30 | 23.86% |
| 2013-03-31 | 18.43% |
| 2012-12-31 | 33.08% |
| 2012-09-30 | 29.64% |
| 2012-07-01 | 25.92% |
| 2012-04-01 | 23.03% |
| 2011-12-31 | 34.89% |
| 2011-10-02 | 25.65% |
| 2011-07-03 | 30.92% |
| 2011-04-03 | 32.54% |
| 2010-12-31 | 25.19% |
| 2010-09-26 | 30.73% |
| 2010-06-27 | 34.27% |
| 2010-03-28 | 21.18% |
| 2009-12-31 | 30.99% |
| 2009-09-27 | 34.74% |
| 2009-06-28 | 27.79% |
| 2009-03-29 | 27.99% |
| 2008-12-31 | 38.00% |
| 2008-09-28 | 31.65% |
| 2008-06-29 | 32.22% |
| 2008-03-30 | 31.74% |
| 2007-12-31 | 24.44% |
| 2007-09-30 | -5.67% |
| 2007-07-01 | 33.76% |
| 2007-04-01 | 24.03% |
| 2006-12-31 | 28.49% |
| 2006-10-01 | 26.11% |
| 2006-07-02 | 32.81% |
| 2006-03-31 | 20.32% |
| 2005-12-31 | 5.97% |
| 2005-10-02 | 25.88% |
| 2005-07-03 | 30.69% |
| 2005-04-03 | 35.02% |
| 2004-12-31 | 31.55% |
| 2004-10-03 | 32.24% |
| 2004-07-04 | 31.68% |
| 2004-04-04 | 31.48% |
| 2003-12-31 | 29.95% |
| 2003-09-28 | 29.94% |
| 2003-06-29 | 31.08% |
| 2003-03-30 | 34.97% |
| 2002-12-31 | 38.26% |
| 2002-09-29 | 34.99% |
| 2002-06-30 | 34.51% |
