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 11.68% is 61% above its 5-year average of 7.26%, near the high end of its 5-year range (-29.76%–13.67%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.33% below its 12-month average of 12.74%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
11.68%
TAX RATE AVG TTM
12.74%
TAX RATE AVG 3Y
11.99%
TAX RATE AVG 5Y
9.11%
TAX RATE AVG 10Y
11.25%
TAX RATE AVG 15Y
18.27%
TAX RATE AVG 20Y
20.15%
CURRENT VS TTM AVG
-8.33%
CURRENT VS 3Y AVG
-2.57%
CURRENT VS 5Y AVG
+28.17%
CURRENT VS 10Y AVG
+3.85%
CURRENT VS 15Y AVG
-36.06%
CURRENT VS 20Y AVG
-42.03%
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 | 11.68% |
| 2025-12-31 | 13.67% |
| 2025-09-30 | 13.38% |
| 2025-06-30 | 13.25% |
| 2025-03-31 | 11.72% |
| 2024-12-31 | 11.16% |
| 2024-09-30 | 9.90% |
| 2024-06-30 | 13.03% |
| 2024-03-31 | 11.38% |
| 2023-12-31 | 10.38% |
| 2023-09-30 | 13.17% |
| 2023-06-30 | -29.76% |
| 2023-03-31 | 11.13% |
| 2022-12-31 | 10.88% |
| 2022-09-30 | 5.23% |
| 2022-06-30 | -1.87% |
| 2022-03-31 | 10.69% |
| 2021-12-31 | 1.11% |
| 2021-09-30 | 9.83% |
| 2021-06-30 | 2.03% |
| 2021-03-31 | 0.49% |
| 2020-12-31 | 8.45% |
| 2020-09-30 | 10.34% |
| 2020-06-30 | 16.36% |
| 2020-03-31 | 14.13% |
| 2019-12-31 | 9.33% |
| 2019-09-30 | 14.01% |
| 2019-06-30 | 11.54% |
| 2019-03-31 | 13.85% |
| 2018-12-31 | -14.91% |
| 2018-09-30 | 25.54% |
| 2018-06-30 | 19.40% |
| 2018-03-31 | -22.80% |
| 2017-12-31 | 18.14% |
| 2017-09-30 | 29.06% |
| 2017-06-30 | 29.12% |
| 2017-03-31 | 29.62% |
| 2016-12-31 | -3.53% |
| 2016-09-30 | 27.09% |
| 2016-06-30 | 8.60% |
| 2016-03-31 | 9.60% |
| 2015-03-31 | 34.15% |
| 2014-12-31 | 34.67% |
| 2014-09-30 | 29.84% |
| 2014-06-30 | 35.01% |
| 2014-03-31 | 34.54% |
| 2013-12-31 | 36.83% |
| 2013-09-30 | 36.57% |
| 2013-06-30 | 33.85% |
| 2013-03-31 | 33.27% |
| 2012-12-31 | 37.24% |
| 2012-09-30 | 34.11% |
| 2012-03-31 | 35.82% |
| 2011-12-31 | 34.25% |
| 2011-06-30 | 45.06% |
| 2011-03-31 | 33.15% |
| 2010-12-31 | 31.57% |
| 2010-09-30 | -13.20% |
| 2010-03-31 | 34.62% |
| 2009-12-31 | 34.41% |
| 2009-06-30 | 37.35% |
| 2009-03-31 | 18.84% |
| 2008-09-30 | 34.56% |
| 2008-06-30 | 30.79% |
| 2008-03-31 | 34.87% |
| 2007-12-31 | 27.54% |
| 2007-09-30 | 23.98% |
| 2007-06-30 | 32.30% |
| 2007-03-31 | 33.01% |
| 2006-12-31 | 32.04% |
| 2006-09-30 | 24.90% |
| 2006-06-30 | 34.05% |
| 2006-03-31 | 35.44% |
| 2005-12-31 | 35.83% |
| 2005-06-30 | 34.79% |
| 2005-03-31 | 35.03% |
| 2004-12-31 | 30.96% |
| 2004-09-30 | 33.20% |
| 2004-06-30 | 32.87% |
| 2004-03-31 | 30.24% |
| 2003-12-31 | 29.22% |
| 2003-09-30 | 33.70% |
| 2003-06-30 | 38.35% |
| 2003-03-31 | 34.07% |
| 2002-12-31 | 23.43% |
| 2002-09-30 | 34.97% |
| 2002-06-30 | 34.89% |
