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 20.49% is in line with its 5-year average of 21.03%, around the middle of its 5-year range (17.44%–27.60%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.00% below its 12-month average of 20.70%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.49%
TAX RATE AVG TTM
20.70%
TAX RATE AVG 3Y
20.49%
TAX RATE AVG 5Y
21.03%
TAX RATE AVG 10Y
21.06%
TAX RATE AVG 15Y
26.03%
TAX RATE AVG 20Y
24.92%
CURRENT VS TTM AVG
-1.00%
CURRENT VS 3Y AVG
-0.01%
CURRENT VS 5Y AVG
-2.58%
CURRENT VS 10Y AVG
-2.71%
CURRENT VS 15Y AVG
-21.30%
CURRENT VS 20Y AVG
-17.77%
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 | 20.49% |
| 2026-03-31 | 19.54% |
| 2025-12-31 | 21.50% |
| 2025-09-30 | 20.42% |
| 2025-06-30 | 21.54% |
| 2025-03-31 | 17.44% |
| 2024-12-31 | 18.67% |
| 2024-09-30 | 19.59% |
| 2024-06-30 | 20.59% |
| 2024-03-31 | 21.47% |
| 2023-12-31 | 22.57% |
| 2023-09-30 | 20.90% |
| 2023-06-30 | 21.69% |
| 2023-03-31 | 21.82% |
| 2022-12-31 | 21.14% |
| 2022-09-30 | 20.32% |
| 2022-06-30 | 27.60% |
| 2022-03-31 | 21.45% |
| 2021-12-31 | 21.40% |
| 2021-09-30 | 20.42% |
| 2021-06-30 | 21.73% |
| 2021-03-31 | 20.62% |
| 2020-12-31 | 25.38% |
| 2020-09-30 | 21.18% |
| 2020-06-30 | 19.67% |
| 2020-03-31 | 19.94% |
| 2019-12-31 | 23.23% |
| 2019-09-30 | 22.30% |
| 2019-06-30 | 17.47% |
| 2019-03-31 | 19.68% |
| 2018-12-31 | 38.89% |
| 2018-09-30 | 21.63% |
| 2018-06-30 | 20.59% |
| 2018-03-31 | 22.11% |
| 2017-12-31 | 36.20% |
| 2017-09-30 | 33.59% |
| 2017-06-30 | 26.53% |
| 2017-03-31 | 31.91% |
| 2016-12-31 | 32.67% |
| 2016-09-30 | 35.00% |
| 2016-06-30 | 34.28% |
| 2016-03-31 | 34.08% |
| 2015-12-31 | 40.06% |
| 2015-09-30 | 34.72% |
| 2015-06-30 | 34.26% |
| 2015-03-31 | 33.82% |
| 2014-12-31 | 26.05% |
| 2014-09-30 | 25.17% |
| 2014-06-30 | 27.95% |
| 2014-03-31 | 34.75% |
| 2013-12-31 | 32.24% |
| 2013-09-30 | 32.47% |
| 2013-06-30 | -93.61% |
| 2013-03-31 | 33.57% |
| 2012-12-31 | 29.91% |
| 2012-09-30 | 31.75% |
| 2012-06-30 | 32.29% |
| 2012-03-31 | 33.72% |
| 2011-12-31 | 18.38% |
| 2011-09-30 | 35.01% |
| 2011-06-30 | 26.73% |
| 2011-03-31 | -11.11% |
| 2010-09-30 | -1.04% |
| 2010-06-30 | -2.46% |
| 2010-03-31 | 4.46% |
| 2009-12-31 | -6.74% |
| 2009-09-30 | -5.28% |
| 2009-06-30 | -15.00% |
| 2009-03-31 | 2.09% |
| 2008-12-31 | -38.88% |
| 2008-06-30 | 1.22% |
| 2008-03-31 | 0.81% |
| 2005-09-30 | 98.16% |
| 2002-09-30 | 28.90% |
| 2002-06-30 | 34.26% |
| 2002-03-31 | 33.44% |
| 2001-12-31 | 34.43% |
| 2001-09-28 | 33.78% |
| 2001-03-31 | 32.90% |
