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 35.09% is in line with its 5-year average of 34.59%, around the middle of its 5-year range (22.36%–42.71%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.02% below its 12-month average of 36.56%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
35.09%
TAX RATE AVG TTM
36.56%
TAX RATE AVG 3Y
34.39%
TAX RATE AVG 5Y
35.24%
TAX RATE AVG 10Y
35.11%
TAX RATE AVG 15Y
38.34%
TAX RATE AVG 20Y
40.84%
CURRENT VS TTM AVG
-4.02%
CURRENT VS 3Y AVG
+2.03%
CURRENT VS 5Y AVG
-0.43%
CURRENT VS 10Y AVG
-0.08%
CURRENT VS 15Y AVG
-8.49%
CURRENT VS 20Y AVG
-14.09%
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 | 35.09% |
| 2025-12-31 | 35.77% |
| 2025-09-30 | 41.05% |
| 2025-06-30 | 34.67% |
| 2025-03-31 | 36.21% |
| 2024-12-31 | 22.36% |
| 2024-09-30 | 36.35% |
| 2024-06-30 | 36.35% |
| 2024-03-31 | 33.01% |
| 2023-12-31 | 29.48% |
| 2023-09-30 | 31.76% |
| 2023-06-30 | 33.61% |
| 2023-03-31 | 35.99% |
| 2022-12-31 | 37.94% |
| 2022-09-30 | 39.15% |
| 2022-06-30 | 32.79% |
| 2022-03-31 | 27.08% |
| 2021-12-31 | 39.41% |
| 2021-09-30 | 33.58% |
| 2021-06-30 | 32.11% |
| 2021-03-31 | 42.71% |
| 2019-12-31 | 42.22% |
| 2019-09-30 | 12.08% |
| 2019-06-30 | 22.40% |
| 2019-03-31 | 31.30% |
| 2018-12-31 | 29.72% |
| 2018-09-30 | 35.55% |
| 2018-06-30 | 36.85% |
| 2018-03-31 | 49.32% |
| 2017-12-31 | -20.60% |
| 2017-09-30 | 33.23% |
| 2014-09-30 | 35.41% |
| 2014-06-30 | 40.32% |
| 2014-03-31 | 42.75% |
| 2013-12-31 | 41.05% |
| 2013-09-30 | 44.63% |
| 2013-06-30 | 44.10% |
| 2013-03-31 | 46.55% |
| 2012-12-31 | 49.14% |
| 2012-09-30 | 49.83% |
| 2012-06-30 | 57.08% |
| 2012-03-31 | 46.03% |
| 2011-12-31 | 41.54% |
| 2011-09-30 | 49.21% |
| 2011-06-30 | 44.78% |
| 2011-03-31 | 47.52% |
| 2010-12-31 | 52.17% |
| 2010-09-30 | 41.81% |
| 2010-06-30 | 47.07% |
| 2010-03-31 | 47.07% |
| 2009-12-31 | 53.32% |
| 2009-09-30 | 48.42% |
| 2009-06-30 | 57.92% |
| 2009-03-31 | 57.92% |
| 2008-09-30 | 45.20% |
| 2008-06-30 | 44.47% |
| 2008-03-31 | 45.17% |
| 2007-12-31 | 40.32% |
| 2007-09-30 | 42.28% |
| 2007-06-30 | 91.44% |
| 2007-03-31 | 41.54% |
| 2006-12-31 | 45.97% |
| 2006-09-30 | 51.17% |
| 2006-06-30 | 40.27% |
| 2006-03-31 | 43.23% |
| 2005-12-31 | 42.88% |
| 2005-09-30 | 41.96% |
| 2005-06-30 | 42.36% |
| 2005-03-31 | 40.83% |
| 2004-12-31 | 41.99% |
| 2004-09-30 | 45.05% |
| 2004-06-30 | 41.99% |
| 2004-03-31 | 45.92% |
| 2003-12-31 | 41.24% |
| 2003-09-30 | 45.93% |
| 2003-06-30 | 38.45% |
| 2003-03-31 | 50.49% |
| 2002-12-31 | 51.50% |
| 2002-09-30 | 115.70% |
| 2002-06-30 | 50.34% |
