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 19.40% is in line with its 5-year average of 19.99%, around the middle of its 5-year range (15.59%–25.40%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.44% below its 12-month average of 21.19%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
19.40%
TAX RATE AVG TTM
21.19%
TAX RATE AVG 3Y
19.12%
TAX RATE AVG 5Y
19.94%
TAX RATE AVG 10Y
21.64%
TAX RATE AVG 15Y
26.92%
TAX RATE AVG 20Y
30.13%
CURRENT VS TTM AVG
-8.44%
CURRENT VS 3Y AVG
+1.49%
CURRENT VS 5Y AVG
-2.71%
CURRENT VS 10Y AVG
-10.35%
CURRENT VS 15Y AVG
-27.94%
CURRENT VS 20Y AVG
-35.60%
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 | 19.40% |
| 2025-12-31 | 20.05% |
| 2025-09-30 | 22.20% |
| 2025-06-30 | 25.40% |
| 2025-03-31 | 18.90% |
| 2024-12-31 | 15.59% |
| 2024-09-30 | 20.80% |
| 2024-06-30 | 19.30% |
| 2024-03-31 | 17.70% |
| 2023-12-31 | 20.24% |
| 2023-09-30 | 18.20% |
| 2023-06-30 | 16.54% |
| 2023-03-31 | 20.48% |
| 2022-12-31 | 23.28% |
| 2022-09-30 | 20.52% |
| 2022-06-30 | 18.41% |
| 2022-03-31 | 21.70% |
| 2021-12-31 | 20.80% |
| 2021-09-30 | 18.94% |
| 2021-06-30 | 18.81% |
| 2021-03-31 | 22.62% |
| 2020-12-31 | 22.41% |
| 2020-09-30 | 23.22% |
| 2020-06-30 | 24.61% |
| 2020-03-31 | 24.78% |
| 2019-12-31 | 21.38% |
| 2019-09-30 | 23.83% |
| 2019-06-30 | 23.46% |
| 2019-03-31 | 26.28% |
| 2018-12-31 | 19.97% |
| 2018-09-30 | 31.14% |
| 2018-06-30 | 26.17% |
| 2018-03-31 | 23.44% |
| 2017-12-31 | -320.91% |
| 2017-06-30 | 41.36% |
| 2017-03-31 | 36.52% |
| 2016-12-31 | 32.29% |
| 2016-09-30 | 14.56% |
| 2016-06-30 | 58.80% |
| 2016-03-31 | 47.86% |
| 2015-12-31 | 76.44% |
| 2015-09-30 | 36.01% |
| 2015-06-30 | 37.14% |
| 2014-12-31 | 29.34% |
| 2014-09-30 | 34.67% |
| 2014-06-30 | 35.74% |
| 2014-03-31 | 37.09% |
| 2013-12-31 | 35.72% |
| 2013-09-30 | 37.28% |
| 2013-06-30 | 31.32% |
| 2013-03-31 | 24.57% |
| 2012-12-31 | 34.70% |
| 2012-09-30 | 36.37% |
| 2012-06-30 | 36.17% |
| 2012-03-31 | 36.68% |
| 2011-12-31 | 34.07% |
| 2011-09-30 | 36.42% |
| 2011-06-30 | 35.72% |
| 2011-03-31 | 35.46% |
| 2010-12-31 | 30.16% |
| 2010-09-30 | 34.42% |
| 2010-06-30 | 36.57% |
| 2010-03-31 | 37.16% |
| 2009-12-31 | 35.45% |
| 2009-09-30 | 37.01% |
| 2009-06-30 | 37.08% |
| 2009-03-31 | 37.43% |
| 2008-12-31 | 37.69% |
| 2008-09-30 | 39.75% |
| 2008-06-30 | 38.03% |
| 2008-03-31 | 39.00% |
| 2007-12-31 | 37.86% |
| 2007-09-30 | 39.44% |
| 2007-06-30 | 39.30% |
| 2007-03-31 | 40.00% |
| 2006-12-31 | 39.00% |
| 2006-09-30 | 38.94% |
| 2006-06-30 | 39.48% |
| 2006-03-31 | 39.49% |
| 2005-12-31 | 34.69% |
| 2005-09-30 | 37.54% |
| 2005-06-30 | 37.98% |
| 2005-03-31 | 38.51% |
| 2004-12-31 | 37.42% |
| 2004-09-30 | 38.96% |
| 2004-06-30 | 38.98% |
| 2004-03-31 | 38.98% |
| 2003-12-31 | 37.51% |
| 2003-09-30 | 39.50% |
| 2003-06-30 | 40.00% |
| 2003-03-31 | 39.97% |
| 2002-12-31 | 40.84% |
| 2002-09-30 | 40.19% |
| 2002-06-30 | 41.26% |
