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 19.38% is in line with its 5-year average of 19.59%, near the high end of its 5-year range (10.01%–21.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.79% below its 12-month average of 20.15%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.38%
TAX RATE AVG TTM
20.15%
TAX RATE AVG 3Y
19.81%
TAX RATE AVG 5Y
19.59%
TAX RATE AVG 10Y
19.48%
TAX RATE AVG 15Y
21.84%
TAX RATE AVG 20Y
22.94%
CURRENT VS TTM AVG
-3.79%
CURRENT VS 3Y AVG
-2.14%
CURRENT VS 5Y AVG
-1.05%
CURRENT VS 10Y AVG
-0.49%
CURRENT VS 15Y AVG
-11.26%
CURRENT VS 20Y AVG
-15.51%
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 | 19.38% |
| 2026-03-31 | 20.12% |
| 2025-12-31 | 19.31% |
| 2025-09-30 | 21.48% |
| 2025-06-30 | 20.44% |
| 2025-03-31 | 19.01% |
| 2024-12-31 | 21.49% |
| 2024-09-30 | 19.01% |
| 2024-06-30 | 19.77% |
| 2024-03-31 | 20.74% |
| 2023-12-31 | 10.01% |
| 2023-09-30 | 17.68% |
| 2023-06-30 | 19.26% |
| 2023-03-31 | 20.16% |
| 2022-12-31 | 18.50% |
| 2022-09-30 | 18.98% |
| 2022-06-30 | 13.64% |
| 2022-03-31 | 17.97% |
| 2021-12-31 | 21.26% |
| 2021-09-30 | 19.47% |
| 2021-06-30 | 18.20% |
| 2021-03-31 | 19.53% |
| 2020-12-31 | 17.38% |
| 2020-09-30 | 20.20% |
| 2020-06-30 | 20.44% |
| 2020-03-31 | 17.43% |
| 2019-12-31 | 14.67% |
| 2019-09-30 | 20.13% |
| 2019-06-30 | 20.68% |
| 2019-03-31 | 23.58% |
| 2018-12-31 | 15.37% |
| 2018-09-30 | 18.50% |
| 2018-06-30 | 21.27% |
| 2018-03-31 | 18.50% |
| 2017-12-31 | -8.33% |
| 2017-09-30 | 22.89% |
| 2017-06-30 | 28.06% |
| 2017-03-31 | 25.75% |
| 2016-12-31 | 25.40% |
| 2016-09-30 | 28.20% |
| 2016-06-30 | 28.09% |
| 2016-03-31 | 22.15% |
| 2015-12-31 | 19.42% |
| 2015-09-30 | 23.98% |
| 2015-06-30 | 29.62% |
| 2015-03-31 | 28.84% |
| 2014-12-31 | 24.31% |
| 2014-09-30 | 29.04% |
| 2014-06-30 | 30.63% |
| 2014-03-31 | 29.62% |
| 2013-12-31 | 27.33% |
| 2013-09-30 | 28.78% |
| 2013-06-30 | 10.50% |
| 2013-03-31 | 29.68% |
| 2012-12-31 | 24.85% |
| 2012-09-30 | 28.00% |
| 2012-06-30 | 26.97% |
| 2012-03-31 | 28.38% |
| 2011-12-31 | 21.40% |
| 2011-09-30 | 25.40% |
| 2011-06-30 | 19.72% |
| 2011-03-31 | 23.61% |
| 2010-12-31 | 21.37% |
| 2010-09-30 | 14.58% |
| 2010-06-30 | 29.16% |
| 2010-03-31 | 31.39% |
| 2009-12-31 | 27.24% |
| 2009-09-30 | 30.54% |
| 2009-06-30 | 1.10% |
| 2009-03-31 | 35.07% |
| 2008-12-31 | 21.35% |
| 2008-09-30 | 25.67% |
| 2008-06-30 | 29.34% |
| 2008-03-31 | 29.49% |
| 2007-12-31 | 24.12% |
| 2007-09-30 | 26.58% |
| 2007-06-30 | 27.06% |
| 2007-03-31 | 28.33% |
| 2006-12-31 | 22.76% |
| 2006-09-30 | 24.52% |
| 2006-06-30 | 29.63% |
| 2006-03-31 | 30.20% |
| 2005-12-31 | 24.72% |
| 2005-09-30 | 25.77% |
| 2005-06-30 | 29.53% |
| 2005-03-31 | 25.39% |
| 2004-12-31 | 17.70% |
| 2004-09-30 | 26.29% |
| 2004-06-30 | 29.56% |
| 2004-03-31 | 28.79% |
| 2003-12-31 | 20.02% |
| 2003-09-30 | 24.96% |
| 2003-06-30 | 23.97% |
| 2003-03-31 | 23.67% |
| 2002-12-31 | -15.68% |
| 2002-09-30 | 27.65% |
