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 22.08% is 15% above its 5-year average of 19.19%, near the high end of its 5-year range (-23.20%–29.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 102.46% above its 12-month average of 10.91%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.08%
TAX RATE AVG TTM
10.91%
TAX RATE AVG 3Y
21.23%
TAX RATE AVG 5Y
21.31%
TAX RATE AVG 10Y
20.71%
TAX RATE AVG 15Y
23.55%
TAX RATE AVG 20Y
24.62%
CURRENT VS TTM AVG
+102.46%
CURRENT VS 3Y AVG
+4.03%
CURRENT VS 5Y AVG
+3.63%
CURRENT VS 10Y AVG
+6.61%
CURRENT VS 15Y AVG
-6.23%
CURRENT VS 20Y AVG
-10.31%
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 | 22.08% |
| 2025-12-31 | 22.56% |
| 2025-09-30 | -23.20% |
| 2025-06-30 | 12.46% |
| 2025-03-31 | 20.63% |
| 2024-12-31 | 28.25% |
| 2024-09-30 | 19.33% |
| 2024-06-30 | 23.98% |
| 2024-03-31 | 29.90% |
| 2023-12-31 | 11.19% |
| 2023-09-30 | 25.52% |
| 2023-06-30 | 17.44% |
| 2023-03-31 | 21.37% |
| 2022-12-31 | 11.11% |
| 2022-09-30 | 25.26% |
| 2022-06-30 | 22.73% |
| 2022-03-31 | 23.94% |
| 2021-12-31 | 25.69% |
| 2021-09-30 | 21.61% |
| 2021-06-30 | 22.33% |
| 2021-03-31 | 18.76% |
| 2020-12-31 | 1.32% |
| 2020-09-30 | 2.16% |
| 2019-12-31 | 27.37% |
| 2019-09-30 | 24.71% |
| 2019-06-30 | -82.65% |
| 2019-03-31 | 21.23% |
| 2018-09-30 | 15.99% |
| 2018-06-30 | 29.96% |
| 2018-03-31 | 33.30% |
| 2017-12-31 | 34.22% |
| 2017-09-30 | 12.53% |
| 2017-06-30 | 7.19% |
| 2017-03-31 | 26.65% |
| 2016-12-31 | -20.17% |
| 2015-06-30 | 437.50% |
| 2014-12-31 | 18.94% |
| 2014-09-30 | 22.23% |
| 2014-06-30 | 25.90% |
| 2014-03-31 | 31.27% |
| 2013-12-31 | 20.42% |
| 2013-09-30 | 24.06% |
| 2013-06-30 | 26.99% |
| 2013-03-31 | 34.86% |
| 2012-12-31 | 25.42% |
| 2012-09-30 | 28.43% |
| 2012-06-30 | 26.75% |
| 2012-03-31 | 29.54% |
| 2011-12-31 | 34.75% |
| 2011-09-30 | 27.56% |
| 2011-06-30 | 23.29% |
| 2011-03-31 | 82.96% |
| 2010-09-30 | 25.78% |
| 2010-06-30 | 30.74% |
| 2010-03-31 | 38.60% |
| 2009-12-31 | 25.76% |
| 2009-09-30 | 20.26% |
| 2009-06-30 | -70.53% |
| 2009-03-31 | 17.57% |
| 2008-12-31 | 31.95% |
| 2008-09-30 | 29.10% |
| 2008-03-31 | 23.19% |
| 2007-12-31 | -672.58% |
| 2007-09-30 | 27.49% |
| 2007-06-30 | 18.51% |
| 2007-03-31 | 33.79% |
| 2006-12-31 | 39.36% |
| 2006-09-30 | 30.80% |
| 2006-06-30 | -20.19% |
| 2006-03-31 | 71.79% |
| 2005-12-31 | 33.07% |
| 2005-09-30 | 33.21% |
| 2005-06-30 | 33.02% |
| 2004-12-31 | 29.65% |
| 2004-09-30 | 28.19% |
| 2004-06-30 | 32.65% |
| 2004-03-31 | 13.96% |
| 2003-12-31 | 31.86% |
| 2003-09-30 | 40.48% |
| 2003-06-30 | -28.12% |
| 2003-03-31 | 37.17% |
| 2002-12-31 | 39.60% |
| 2002-09-30 | 39.16% |
| 2002-06-30 | 43.26% |
