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 22.50% is in line with its 5-year average of 21.71%, near the high end of its 5-year range (19.31%–23.37%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.09% above its 12-month average of 21.62%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.50%
TAX RATE AVG TTM
21.62%
TAX RATE AVG 3Y
21.88%
TAX RATE AVG 5Y
21.71%
TAX RATE AVG 10Y
21.86%
TAX RATE AVG 15Y
27.11%
TAX RATE AVG 20Y
28.80%
CURRENT VS TTM AVG
+4.09%
CURRENT VS 3Y AVG
+2.88%
CURRENT VS 5Y AVG
+3.67%
CURRENT VS 10Y AVG
+2.95%
CURRENT VS 15Y AVG
-16.98%
CURRENT VS 20Y AVG
-21.85%
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 | 22.50% |
| 2025-12-31 | 21.00% |
| 2025-09-30 | 19.35% |
| 2025-06-30 | 23.19% |
| 2025-03-31 | 22.06% |
| 2024-12-31 | 22.97% |
| 2024-09-30 | 21.60% |
| 2024-06-30 | 21.76% |
| 2024-03-31 | 22.22% |
| 2023-12-31 | 21.58% |
| 2023-09-30 | 21.10% |
| 2023-06-30 | 21.80% |
| 2023-03-31 | 22.04% |
| 2022-12-31 | 20.36% |
| 2022-09-30 | 22.09% |
| 2022-06-30 | 22.35% |
| 2022-03-31 | 21.53% |
| 2021-12-31 | 20.57% |
| 2021-09-30 | 23.37% |
| 2021-06-30 | 19.31% |
| 2021-03-31 | 23.16% |
| 2020-12-31 | 21.11% |
| 2020-03-31 | 67.74% |
| 2019-12-31 | 23.42% |
| 2019-09-30 | 22.86% |
| 2019-06-30 | 22.17% |
| 2019-03-31 | 23.19% |
| 2018-12-31 | 17.97% |
| 2018-09-30 | 17.66% |
| 2018-06-30 | 21.97% |
| 2018-03-31 | 21.49% |
| 2017-12-31 | -487.99% |
| 2017-09-30 | 31.13% |
| 2017-06-30 | 63.10% |
| 2017-03-30 | 27.59% |
| 2014-12-31 | 61.29% |
| 2014-09-30 | 35.65% |
| 2014-06-30 | 35.83% |
| 2014-03-31 | 35.88% |
| 2013-12-31 | 36.87% |
| 2013-09-30 | 35.90% |
| 2013-06-30 | 36.28% |
| 2013-03-31 | 34.99% |
| 2012-09-30 | 36.54% |
| 2012-06-30 | 38.76% |
| 2012-03-31 | 37.71% |
| 2011-12-31 | 50.05% |
| 2011-09-30 | 39.85% |
| 2011-06-30 | 45.59% |
| 2011-03-31 | 40.65% |
| 2010-12-31 | 61.54% |
| 2010-06-30 | 45.60% |
| 2010-03-31 | 40.14% |
| 2009-12-31 | 36.06% |
| 2009-09-30 | 7.92% |
| 2009-03-31 | 40.06% |
| 2008-12-31 | 37.22% |
| 2008-09-30 | 34.99% |
| 2008-06-30 | 27.96% |
| 2008-03-31 | 34.90% |
| 2007-12-31 | 29.33% |
| 2007-09-30 | 35.97% |
| 2007-06-30 | 34.09% |
| 2007-03-31 | 35.09% |
| 2006-12-31 | 31.17% |
| 2006-09-30 | 35.81% |
| 2006-06-30 | 28.62% |
| 2006-03-31 | 32.25% |
| 2005-12-31 | 38.03% |
| 2005-09-30 | 33.69% |
| 2005-06-30 | 35.52% |
| 2005-03-31 | 34.95% |
| 2004-12-31 | 30.83% |
| 2004-09-30 | 34.32% |
| 2004-06-30 | 31.87% |
| 2004-03-31 | 33.66% |
| 2003-12-31 | 23.63% |
| 2003-09-30 | 34.62% |
| 2003-06-30 | 34.36% |
| 2003-03-31 | 35.27% |
| 2002-12-31 | 22.22% |
| 2002-09-30 | 32.61% |
| 2002-06-20 | 31.40% |
