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 25.38% is 11% above its 5-year average of 22.97%, near the high end of its 5-year range (14.66%–26.26%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.13% above its 12-month average of 23.91%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.38%
TAX RATE AVG TTM
23.91%
TAX RATE AVG 3Y
23.90%
TAX RATE AVG 5Y
23.73%
TAX RATE AVG 10Y
24.16%
TAX RATE AVG 15Y
30.87%
TAX RATE AVG 20Y
32.83%
CURRENT VS TTM AVG
+6.13%
CURRENT VS 3Y AVG
+6.18%
CURRENT VS 5Y AVG
+6.93%
CURRENT VS 10Y AVG
+5.04%
CURRENT VS 15Y AVG
-17.79%
CURRENT VS 20Y AVG
-22.71%
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 | 25.38% |
| 2025-12-31 | 23.69% |
| 2025-09-30 | 23.11% |
| 2025-06-30 | 24.47% |
| 2025-03-31 | 22.91% |
| 2024-12-31 | 24.44% |
| 2024-09-30 | 22.92% |
| 2024-06-30 | 25.04% |
| 2024-03-31 | 22.01% |
| 2023-12-31 | 26.22% |
| 2023-09-30 | 24.22% |
| 2023-06-30 | 23.75% |
| 2023-03-31 | 22.55% |
| 2022-12-31 | 26.26% |
| 2022-09-30 | 24.36% |
| 2022-06-30 | 25.34% |
| 2022-03-31 | 16.69% |
| 2021-12-31 | 20.34% |
| 2021-09-30 | 14.66% |
| 2021-06-30 | 23.70% |
| 2021-03-31 | 20.20% |
| 2020-12-31 | -62.20% |
| 2020-09-30 | 24.65% |
| 2020-03-31 | -3.42% |
| 2019-12-31 | 28.30% |
| 2019-09-30 | 17.87% |
| 2019-06-30 | 26.57% |
| 2019-03-31 | 22.21% |
| 2018-12-31 | 26.34% |
| 2018-09-30 | 36.84% |
| 2018-06-30 | 33.29% |
| 2018-03-31 | 36.90% |
| 2017-12-31 | 28.75% |
| 2017-09-30 | 38.99% |
| 2017-06-30 | 38.08% |
| 2017-03-31 | 37.98% |
| 2016-12-31 | 48.70% |
| 2016-09-30 | 25.00% |
| 2016-06-30 | 38.59% |
| 2015-12-31 | 35.61% |
| 2015-09-30 | 38.68% |
| 2015-06-30 | 38.82% |
| 2015-03-31 | 38.38% |
| 2014-12-31 | 35.77% |
| 2014-09-30 | 37.18% |
| 2014-06-30 | 39.07% |
| 2014-03-31 | 39.07% |
| 2013-12-31 | 38.51% |
| 2013-09-30 | 39.54% |
| 2013-06-30 | 40.13% |
| 2013-03-31 | 36.34% |
| 2012-12-31 | 40.23% |
| 2012-09-30 | 38.84% |
| 2012-06-30 | 39.12% |
| 2012-03-31 | 38.96% |
| 2011-12-31 | 39.04% |
| 2011-09-30 | 38.62% |
| 2011-06-30 | 38.12% |
| 2011-03-31 | 38.25% |
| 2010-12-31 | 37.49% |
| 2010-09-30 | 38.14% |
| 2010-06-30 | 38.30% |
| 2010-03-31 | 38.45% |
| 2009-12-31 | 37.58% |
| 2009-09-30 | 37.19% |
| 2009-06-30 | 38.37% |
| 2009-03-31 | 38.54% |
| 2008-12-31 | 39.53% |
| 2008-09-30 | 38.96% |
| 2008-06-30 | 37.52% |
| 2008-03-31 | 38.41% |
| 2007-12-31 | 39.27% |
| 2007-09-30 | 37.41% |
| 2007-06-30 | 37.83% |
| 2007-03-31 | 38.00% |
| 2006-12-31 | 37.66% |
| 2006-09-30 | 40.39% |
| 2006-06-30 | 38.07% |
| 2006-03-31 | 41.43% |
| 2005-12-31 | 44.08% |
| 2005-09-30 | 45.05% |
