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 21.68% is 23% above its 5-year average of 17.66%, around the middle of its 5-year range (11.84%–43.40%).
As of the fiscal period ended Tuesday, March 31, 2026. 19.70% above its 12-month average of 18.11%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.68%
TAX RATE AVG TTM
18.11%
TAX RATE AVG 3Y
17.01%
TAX RATE AVG 5Y
16.38%
TAX RATE AVG 10Y
14.33%
TAX RATE AVG 15Y
12.18%
TAX RATE AVG 20Y
11.54%
CURRENT VS TTM AVG
+19.70%
CURRENT VS 3Y AVG
+27.46%
CURRENT VS 5Y AVG
+32.39%
CURRENT VS 10Y AVG
+51.34%
CURRENT VS 15Y AVG
+77.95%
CURRENT VS 20Y AVG
+87.81%
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 | 21.68% |
| 2025-12-31 | 13.05% |
| 2025-09-30 | 20.71% |
| 2025-06-30 | 17.12% |
| 2025-03-31 | 18.01% |
| 2024-12-31 | 16.71% |
| 2024-09-30 | 16.03% |
| 2024-06-30 | 16.82% |
| 2024-03-31 | 17.88% |
| 2023-12-31 | 12.96% |
| 2023-09-30 | 17.33% |
| 2023-06-30 | 17.04% |
| 2023-03-31 | 16.14% |
| 2022-12-31 | 15.16% |
| 2022-09-30 | 15.56% |
| 2022-06-30 | 16.53% |
| 2022-03-31 | 13.89% |
| 2021-12-31 | 11.84% |
| 2021-09-30 | 43.40% |
| 2021-06-30 | 18.39% |
| 2021-03-31 | 14.68% |
| 2020-12-31 | 13.92% |
| 2020-09-30 | 14.86% |
| 2020-06-30 | -14.89% |
| 2020-03-31 | 29.47% |
| 2019-12-31 | 14.85% |
| 2019-09-30 | 16.16% |
| 2019-06-30 | 13.82% |
| 2019-03-31 | 13.43% |
| 2018-12-31 | 12.95% |
| 2018-09-30 | 5.24% |
| 2018-06-30 | 11.96% |
| 2018-03-31 | 13.81% |
| 2017-12-31 | 0.16% |
| 2017-09-30 | 17.27% |
| 2017-06-30 | 9.47% |
| 2017-03-31 | 6.90% |
| 2016-12-31 | 9.12% |
| 2016-09-30 | 8.90% |
| 2016-06-30 | 11.03% |
| 2016-03-31 | 8.82% |
| 2015-12-31 | 3.78% |
| 2015-09-30 | 8.62% |
| 2015-06-30 | 10.54% |
| 2015-03-31 | 7.52% |
| 2014-12-31 | 3.94% |
| 2014-09-30 | 5.76% |
| 2014-06-30 | -201.75% |
| 2014-03-31 | 2.65% |
| 2013-12-31 | -12.35% |
| 2013-09-30 | 1.34% |
| 2013-06-30 | 6.93% |
| 2013-03-31 | 5.00% |
| 2012-12-31 | -104.55% |
| 2012-09-30 | 7.71% |
| 2012-06-30 | 8.83% |
| 2012-03-31 | 15.49% |
| 2011-12-31 | 7.44% |
| 2011-09-30 | 15.05% |
| 2011-06-30 | 14.65% |
| 2011-03-31 | 14.63% |
| 2010-12-31 | 3.41% |
| 2010-09-30 | 11.80% |
| 2010-06-30 | 8.76% |
| 2010-03-31 | 16.58% |
| 2009-12-31 | -24.71% |
| 2009-09-30 | -16.87% |
| 2009-06-30 | -3.33% |
| 2008-12-31 | -21.64% |
| 2008-09-30 | 11.02% |
| 2008-06-30 | 5.93% |
| 2008-03-31 | 14.69% |
| 2007-12-31 | 2.70% |
| 2007-09-30 | 9.51% |
| 2007-06-30 | 6.25% |
| 2007-03-31 | 13.01% |
| 2006-12-31 | -0.84% |
| 2006-09-30 | 5.33% |
| 2006-06-30 | 8.99% |
| 2006-03-31 | 17.79% |
| 2005-12-31 | 13.93% |
| 2005-09-30 | 20.08% |
| 2005-06-30 | 21.72% |
| 2005-03-31 | 20.76% |
| 2004-12-31 | 5.67% |
| 2004-09-30 | 19.43% |
| 2004-06-30 | 20.69% |
| 2004-03-31 | 22.54% |
| 2003-12-31 | 21.38% |
| 2003-09-30 | 24.65% |
| 2003-06-30 | 23.77% |
| 2003-03-31 | 27.27% |
| 2002-12-31 | 27.17% |
| 2002-09-30 | 29.55% |
| 2002-06-30 | 30.71% |
