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 22.95% is in line with its 5-year average of 23.96%, near the high end of its 5-year range (16.86%–25.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.97% above its 12-month average of 22.07%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 22.95%.
TAX RATE
22.95%
TAX RATE AVG TTM
22.07%
TAX RATE AVG 3Y
23.26%
TAX RATE AVG 5Y
23.96%
TAX RATE AVG 10Y
24.31%
TAX RATE AVG 15Y
27.18%
TAX RATE AVG 20Y
27.18%
CURRENT VS TTM AVG
+3.97%
CURRENT VS 3Y AVG
-1.32%
CURRENT VS 5Y AVG
-4.20%
CURRENT VS 10Y AVG
-5.60%
CURRENT VS 15Y AVG
-15.56%
CURRENT VS 20Y AVG
-15.56%
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 | 22.95% |
| 2026-03-31 | 22.50% |
| 2025-12-31 | 24.85% |
| 2025-09-30 | 23.20% |
| 2025-06-30 | 16.86% |
| 2025-03-31 | 23.00% |
| 2024-12-31 | 18.91% |
| 2024-09-30 | 19.56% |
| 2024-06-30 | 23.30% |
| 2024-03-31 | 23.29% |
| 2023-12-31 | 24.00% |
| 2023-09-30 | 23.76% |
| 2023-06-30 | 23.30% |
| 2023-03-31 | 24.84% |
| 2022-12-31 | 22.78% |
| 2022-09-30 | 25.04% |
| 2022-06-30 | 24.96% |
| 2022-03-31 | 25.00% |
| 2021-12-31 | 18.72% |
| 2021-09-30 | 24.96% |
| 2021-06-30 | 25.52% |
| 2021-03-31 | 24.80% |
| 2020-12-31 | 23.49% |
| 2020-09-30 | 24.48% |
| 2020-06-30 | 24.58% |
| 2020-03-31 | 22.65% |
| 2019-12-31 | 25.47% |
| 2019-09-30 | 25.50% |
| 2019-06-30 | 25.50% |
| 2019-03-31 | 25.50% |
| 2018-12-31 | 26.81% |
| 2018-09-30 | 25.99% |
| 2018-06-30 | 26.00% |
| 2018-03-31 | 26.00% |
| 2017-12-31 | 87.60% |
| 2017-09-30 | 37.71% |
| 2017-06-30 | 37.12% |
| 2017-03-31 | 36.89% |
| 2016-12-31 | 39.75% |
| 2016-09-30 | 38.43% |
| 2016-06-30 | 36.52% |
| 2016-03-31 | 37.63% |
| 2015-12-31 | 37.72% |
| 2015-09-30 | 37.71% |
| 2015-06-30 | 37.71% |
| 2015-03-31 | 37.71% |
| 2005-12-31 | 37.02% |
| 2005-09-30 | 37.89% |
| 2005-06-30 | 38.21% |
| 2005-03-31 | 36.17% |
| 2004-12-31 | 38.55% |
| 2004-09-30 | 38.39% |
| 2004-06-30 | 39.00% |
| 2004-03-31 | 38.82% |
| 2003-09-30 | 38.08% |
| 2003-06-30 | 38.31% |
| 2003-03-31 | 38.77% |
| 2002-12-31 | 39.31% |
| 2002-09-30 | 39.52% |
| 2002-06-30 | 39.24% |
| 2002-03-31 | 39.43% |
| 2001-12-31 | 36.18% |
| 2001-09-30 | 41.03% |
