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 23.74% is 21% above its 5-year average of 19.59%, near the high end of its 5-year range (9.03%–23.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.11% above its 12-month average of 21.76%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.74%
TAX RATE AVG TTM
21.76%
TAX RATE AVG 3Y
20.99%
TAX RATE AVG 5Y
21.07%
TAX RATE AVG 10Y
20.94%
TAX RATE AVG 15Y
25.85%
TAX RATE AVG 20Y
28.58%
CURRENT VS TTM AVG
+9.11%
CURRENT VS 3Y AVG
+13.09%
CURRENT VS 5Y AVG
+12.68%
CURRENT VS 10Y AVG
+13.39%
CURRENT VS 15Y AVG
-8.17%
CURRENT VS 20Y AVG
-16.93%
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 | 23.74% |
| 2026-03-31 | 18.88% |
| 2025-12-31 | 23.15% |
| 2025-09-30 | 22.38% |
| 2025-06-30 | 20.64% |
| 2025-03-31 | 21.81% |
| 2024-12-31 | 19.09% |
| 2024-09-30 | 20.44% |
| 2024-06-30 | 21.21% |
| 2024-03-31 | 19.84% |
| 2023-12-31 | 19.86% |
| 2023-09-30 | 19.49% |
| 2023-06-30 | 22.37% |
| 2023-03-31 | 20.63% |
| 2022-12-31 | 20.03% |
| 2022-09-30 | 9.03% |
| 2022-06-30 | 22.15% |
| 2022-03-31 | 20.96% |
| 2021-12-31 | 9.06% |
| 2021-09-30 | 14.07% |
| 2021-06-30 | 22.56% |
| 2021-03-31 | 23.93% |
| 2020-12-31 | 18.88% |
| 2020-09-30 | 10.60% |
| 2020-06-30 | 22.09% |
| 2020-03-31 | 20.71% |
| 2019-12-31 | 3.81% |
| 2019-09-30 | 12.38% |
| 2019-06-30 | 20.34% |
| 2019-03-31 | 22.99% |
| 2018-12-31 | 22.40% |
| 2018-09-30 | 14.11% |
| 2018-06-30 | 19.84% |
| 2018-03-31 | 12.94% |
| 2017-12-31 | 40.00% |
| 2017-09-30 | 32.84% |
| 2017-06-30 | 34.28% |
| 2017-03-31 | 28.60% |
| 2016-12-31 | 34.14% |
| 2016-09-30 | 34.76% |
| 2016-06-30 | 35.24% |
| 2016-03-31 | 31.80% |
| 2015-12-31 | 34.42% |
| 2015-09-30 | 35.01% |
| 2015-06-30 | 35.04% |
| 2015-03-31 | 34.07% |
| 2014-12-31 | 32.75% |
| 2014-09-30 | 35.00% |
| 2014-06-30 | 32.14% |
| 2014-03-31 | 33.94% |
| 2013-12-31 | 35.36% |
| 2013-09-30 | 35.93% |
| 2013-06-30 | 33.43% |
| 2013-03-31 | 35.89% |
| 2012-12-31 | 36.03% |
| 2012-09-30 | 36.01% |
| 2012-06-30 | 38.36% |
| 2012-03-31 | 37.15% |
| 2011-12-31 | 35.85% |
| 2011-09-30 | 36.26% |
| 2011-06-30 | 36.37% |
| 2011-03-31 | 36.20% |
| 2010-12-31 | 35.76% |
| 2010-09-30 | 36.36% |
| 2010-06-30 | 36.40% |
| 2010-03-31 | 36.36% |
| 2009-12-31 | 24.82% |
| 2009-09-30 | 37.59% |
| 2009-06-30 | 36.98% |
| 2009-03-31 | 24.26% |
| 2008-12-31 | 38.48% |
| 2008-09-30 | 38.83% |
| 2008-06-30 | 42.84% |
| 2008-03-31 | 39.05% |
| 2007-12-31 | 38.90% |
| 2007-09-30 | 39.09% |
| 2007-06-30 | 37.73% |
| 2007-03-31 | 40.06% |
| 2006-12-31 | 39.13% |
| 2006-09-30 | 38.58% |
| 2006-06-30 | 40.40% |
| 2006-03-31 | 40.32% |
| 2001-12-31 | 38.48% |
