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 23.55% is in line with its 4-year average of 23.12%, around the middle of its 4-year range (16.36%–27.10%).
As of the fiscal period ended Monday, March 31, 2025. 5.69% below its 12-month average of 24.97%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.55%
TAX RATE AVG TTM
24.97%
TAX RATE AVG 3Y
23.48%
TAX RATE AVG 5Y
23.12%
TAX RATE AVG 10Y
26.62%
TAX RATE AVG 15Y
30.71%
TAX RATE AVG 20Y
31.99%
CURRENT VS TTM AVG
-5.69%
CURRENT VS 3Y AVG
+0.29%
CURRENT VS 5Y AVG
+1.84%
CURRENT VS 10Y AVG
-11.55%
CURRENT VS 15Y AVG
-23.33%
CURRENT VS 20Y AVG
-26.40%
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 |
|---|---|
| 2025-03-31 | 23.55% |
| 2024-12-31 | 24.15% |
| 2024-09-30 | 27.10% |
| 2024-06-30 | 26.09% |
| 2024-03-31 | 23.95% |
| 2023-12-31 | 16.36% |
| 2023-09-30 | 23.09% |
| 2023-06-30 | 22.93% |
| 2023-03-31 | 23.03% |
| 2022-12-31 | 23.71% |
| 2022-09-30 | 23.67% |
| 2022-06-30 | 23.48% |
| 2022-03-31 | 23.24% |
| 2021-12-31 | 21.60% |
| 2021-09-30 | 22.18% |
| 2021-06-30 | 23.58% |
| 2021-03-31 | 23.38% |
| 2020-12-31 | 21.28% |
| 2020-09-30 | 19.60% |
| 2019-12-31 | 23.38% |
| 2019-09-30 | 22.54% |
| 2019-06-30 | 23.71% |
| 2019-03-31 | 21.94% |
| 2018-12-31 | 23.41% |
| 2018-09-30 | 25.54% |
| 2018-06-30 | 23.72% |
| 2018-03-31 | 22.20% |
| 2017-12-31 | 56.95% |
| 2017-09-30 | 33.33% |
| 2017-06-30 | 37.02% |
| 2017-03-31 | 35.02% |
| 2016-12-31 | 36.24% |
| 2016-09-30 | 33.51% |
| 2016-06-30 | 31.40% |
| 2016-03-31 | 37.09% |
| 2015-12-31 | 36.55% |
| 2015-09-30 | 37.17% |
| 2015-06-30 | 36.41% |
| 2015-03-31 | 35.46% |
| 2014-12-31 | 37.65% |
| 2014-09-30 | 36.17% |
| 2014-06-30 | 36.55% |
| 2014-03-31 | 38.26% |
| 2013-12-31 | 35.75% |
| 2013-09-30 | 37.32% |
| 2013-06-30 | 38.63% |
| 2013-03-31 | 37.69% |
| 2012-11-30 | 36.06% |
| 2012-08-31 | 38.04% |
| 2012-05-31 | 38.06% |
| 2012-02-29 | 37.77% |
| 2011-11-30 | 37.29% |
| 2011-08-31 | 38.01% |
| 2011-05-31 | 35.21% |
| 2011-02-28 | 35.42% |
| 2010-11-30 | 40.26% |
| 2010-08-31 | 39.69% |
| 2010-05-31 | 38.87% |
| 2009-11-30 | 38.18% |
| 2009-08-31 | 38.56% |
| 2009-05-31 | 45.54% |
| 2009-02-28 | 38.60% |
| 2008-11-30 | 33.48% |
| 2008-08-31 | 34.66% |
| 2008-05-31 | 38.16% |
| 2008-02-29 | 38.91% |
| 2007-08-31 | 38.57% |
| 2007-05-31 | 37.07% |
| 2007-02-28 | 37.10% |
| 2006-11-30 | -0.53% |
| 2006-08-31 | 34.32% |
| 2006-05-31 | 36.94% |
