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 25.87% is in line with its 5-year average of 24.46%, near the high end of its 5-year range (19.63%–27.21%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.25% above its 12-month average of 25.55%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.87%
TAX RATE AVG TTM
25.55%
TAX RATE AVG 3Y
24.69%
TAX RATE AVG 5Y
24.46%
TAX RATE AVG 10Y
22.10%
TAX RATE AVG 15Y
28.05%
TAX RATE AVG 20Y
30.62%
CURRENT VS TTM AVG
+1.25%
CURRENT VS 3Y AVG
+4.78%
CURRENT VS 5Y AVG
+5.77%
CURRENT VS 10Y AVG
+17.07%
CURRENT VS 15Y AVG
-7.78%
CURRENT VS 20Y AVG
-15.52%
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 | 25.87% |
| 2026-03-31 | 25.37% |
| 2025-12-31 | 27.21% |
| 2025-09-30 | 23.11% |
| 2025-06-30 | 26.19% |
| 2025-03-31 | 25.00% |
| 2024-12-31 | 24.81% |
| 2024-09-30 | 25.00% |
| 2024-06-30 | 24.45% |
| 2024-03-31 | 23.04% |
| 2023-12-31 | 22.09% |
| 2023-09-30 | 19.63% |
| 2023-06-30 | 24.12% |
| 2023-03-31 | 23.95% |
| 2022-12-31 | 24.60% |
| 2022-09-30 | 25.63% |
| 2022-06-30 | 22.82% |
| 2022-03-31 | 24.24% |
| 2021-12-31 | 22.37% |
| 2021-09-30 | 24.54% |
| 2021-06-30 | 24.74% |
| 2021-03-31 | 21.83% |
| 2020-12-31 | 22.00% |
| 2020-09-30 | 17.01% |
| 2020-06-30 | 17.59% |
| 2020-03-31 | 18.91% |
| 2019-12-31 | 17.61% |
| 2019-09-30 | 11.92% |
| 2019-06-30 | 21.11% |
| 2019-03-31 | 12.05% |
| 2018-12-31 | 13.50% |
| 2018-09-30 | 18.56% |
| 2018-06-30 | 4.66% |
| 2018-03-31 | 19.95% |
| 2017-12-31 | 6.17% |
| 2017-09-30 | 34.70% |
| 2017-03-31 | 30.47% |
| 2016-12-31 | 38.48% |
| 2016-09-30 | 38.31% |
| 2016-06-30 | 38.72% |
| 2016-03-31 | 38.86% |
| 2015-12-31 | 38.83% |
| 2015-09-30 | 38.48% |
| 2015-06-30 | 38.92% |
| 2015-03-31 | 38.91% |
| 2014-12-31 | 39.59% |
| 2014-09-30 | 38.44% |
| 2014-06-30 | 38.86% |
| 2014-03-31 | 38.86% |
| 2013-12-31 | 39.48% |
| 2013-09-30 | 31.96% |
| 2013-06-30 | 38.86% |
| 2013-03-31 | 38.90% |
| 2012-12-31 | 38.41% |
| 2012-09-30 | 38.81% |
| 2012-06-30 | 39.01% |
| 2012-03-31 | 38.89% |
| 2011-12-31 | 39.14% |
| 2011-09-30 | 38.90% |
| 2011-06-30 | 38.70% |
| 2011-03-31 | 38.44% |
| 2010-12-31 | 39.33% |
| 2010-09-30 | 38.24% |
| 2010-06-30 | 38.92% |
| 2010-03-31 | 38.89% |
| 2009-12-31 | 37.53% |
| 2009-09-30 | 39.34% |
| 2009-06-30 | 38.73% |
| 2009-03-31 | 38.81% |
| 2008-12-31 | 43.51% |
| 2008-09-30 | 42.90% |
| 2008-06-30 | 39.05% |
| 2008-03-31 | 37.83% |
| 2007-12-31 | 37.03% |
| 2007-09-30 | 39.58% |
| 2007-06-30 | 38.74% |
| 2007-03-31 | 38.46% |
| 2006-12-31 | 36.88% |
| 2006-09-30 | 25.79% |
| 2006-06-30 | 38.57% |
| 2006-03-31 | 39.05% |
| 2005-12-31 | 25.48% |
| 2005-09-30 | 29.12% |
| 2005-06-30 | 36.95% |
| 2005-03-31 | 41.77% |
| 2004-12-31 | 36.65% |
| 2004-09-30 | 25.81% |
| 2004-06-30 | 43.76% |
| 2003-09-30 | 37.50% |
| 2003-06-30 | 36.34% |
| 2003-03-31 | 40.56% |
| 2002-09-30 | 36.87% |
