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 20.38% is 36% below its 5-year average of 31.67%, near the low end of its 5-year range (-2.05%–106.63%).
As of the fiscal period ended Tuesday, March 31, 2026. 30.97% below its 12-month average of 29.53%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.38%
TAX RATE AVG TTM
29.53%
TAX RATE AVG 3Y
27.47%
TAX RATE AVG 5Y
29.22%
TAX RATE AVG 10Y
21.78%
TAX RATE AVG 15Y
15.54%
TAX RATE AVG 20Y
17.09%
CURRENT VS TTM AVG
-30.97%
CURRENT VS 3Y AVG
-25.82%
CURRENT VS 5Y AVG
-30.24%
CURRENT VS 10Y AVG
-6.43%
CURRENT VS 15Y AVG
+31.14%
CURRENT VS 20Y AVG
+19.27%
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 | 20.38% |
| 2025-12-31 | 32.82% |
| 2025-09-30 | 30.46% |
| 2025-06-30 | 26.37% |
| 2025-03-31 | 37.59% |
| 2024-12-31 | 27.65% |
| 2024-09-30 | 26.32% |
| 2024-06-30 | 28.93% |
| 2024-03-31 | 30.00% |
| 2023-12-31 | 24.08% |
| 2023-09-30 | -2.05% |
| 2023-06-30 | 27.70% |
| 2023-03-31 | 106.63% |
| 2022-12-31 | 27.66% |
| 2022-09-30 | 29.98% |
| 2022-06-30 | 28.67% |
| 2022-03-31 | 36.80% |
| 2021-12-31 | 27.47% |
| 2021-09-30 | 9.82% |
| 2021-06-30 | 33.77% |
| 2021-03-31 | 53.94% |
| 2020-12-31 | 13.88% |
| 2020-09-30 | -33.09% |
| 2020-06-30 | 22.01% |
| 2020-03-31 | -0.97% |
| 2019-12-31 | 7.49% |
| 2019-09-30 | -200.70% |
| 2019-06-30 | -225.92% |
| 2019-03-31 | 4.57% |
| 2018-12-31 | 1.13% |
| 2018-09-30 | 7.61% |
| 2018-06-30 | 8.15% |
| 2018-03-31 | 19.50% |
| 2017-06-30 | 14.02% |
| 2017-03-31 | 20.95% |
| 2016-06-30 | 20.29% |
| 2016-03-31 | -70.91% |
| 2015-06-30 | 13.16% |
| 2015-03-31 | 0.50% |
| 2014-12-31 | 8.97% |
| 2014-09-30 | 83.33% |
| 2014-06-30 | 5.37% |
| 2014-03-31 | -8.90% |
| 2013-06-30 | 2.63% |
| 2013-03-31 | 2.12% |
| 2012-06-30 | 4.29% |
| 2012-03-31 | -10.80% |
| 2011-06-30 | 3.91% |
| 2011-03-31 | -1.34% |
| 2010-06-30 | -3.23% |
| 2010-03-31 | 62.50% |
| 2007-12-31 | 222.22% |
| 2006-12-31 | 35.00% |
| 2006-09-30 | 42.11% |
| 2006-03-31 | 138.46% |
| 2005-12-31 | 28.88% |
| 2005-09-30 | 14.52% |
| 2005-03-31 | 38.01% |
| 2004-12-31 | 30.78% |
| 2004-09-30 | 29.00% |
| 2004-06-30 | 29.00% |
| 2004-03-31 | 10.40% |
| 2003-12-31 | 29.75% |
| 2003-09-30 | 31.00% |
| 2003-06-30 | 31.00% |
| 2003-03-31 | 33.97% |
| 2002-12-31 | 31.00% |
| 2002-09-30 | 31.00% |
| 2002-06-30 | 31.00% |
