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 4.02% is 77% below its 5-year average of 17.55%, near the low end of its 5-year range (4.02%–44.53%).
As of the fiscal period ended Tuesday, March 31, 2026. 74.65% below its 12-month average of 15.86%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
4.02%
TAX RATE AVG TTM
15.86%
TAX RATE AVG 3Y
18.72%
TAX RATE AVG 5Y
17.48%
TAX RATE AVG 10Y
20.86%
TAX RATE AVG 15Y
25.38%
TAX RATE AVG 20Y
28.80%
CURRENT VS TTM AVG
-74.65%
CURRENT VS 3Y AVG
-78.53%
CURRENT VS 5Y AVG
-77.00%
CURRENT VS 10Y AVG
-80.73%
CURRENT VS 15Y AVG
-84.16%
CURRENT VS 20Y AVG
-86.04%
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 | 4.02% |
| 2025-12-31 | 19.90% |
| 2025-09-30 | 17.80% |
| 2025-06-30 | 19.28% |
| 2025-03-31 | 18.30% |
| 2024-12-31 | 16.91% |
| 2024-09-30 | 11.47% |
| 2024-06-30 | 19.56% |
| 2024-03-31 | 16.91% |
| 2023-12-31 | 19.11% |
| 2023-09-30 | 19.78% |
| 2023-06-30 | 20.66% |
| 2023-03-31 | 17.71% |
| 2022-12-31 | 17.48% |
| 2022-09-30 | 22.97% |
| 2022-06-30 | 18.36% |
| 2022-03-31 | 12.56% |
| 2021-12-31 | 15.07% |
| 2021-09-30 | 10.80% |
| 2021-06-30 | 44.53% |
| 2021-03-31 | 5.36% |
| 2020-12-31 | 6.01% |
| 2020-09-30 | 31.00% |
| 2020-03-31 | 17.32% |
| 2019-12-31 | 18.31% |
| 2019-09-30 | 19.06% |
| 2019-06-30 | 21.20% |
| 2019-03-31 | 12.11% |
| 2018-12-31 | 23.53% |
| 2018-09-30 | 25.57% |
| 2018-06-30 | 22.29% |
| 2018-03-31 | 24.87% |
| 2017-12-31 | -39.63% |
| 2017-09-30 | 29.70% |
| 2017-06-30 | 33.03% |
| 2017-03-31 | 29.23% |
| 2016-12-31 | 35.63% |
| 2016-09-30 | 34.76% |
| 2016-06-30 | 34.16% |
| 2016-03-31 | 34.02% |
| 2015-12-31 | 34.15% |
| 2015-09-30 | 34.93% |
| 2015-06-30 | 34.20% |
| 2015-03-31 | 35.04% |
| 2014-12-31 | 34.89% |
| 2014-09-30 | 33.43% |
| 2014-06-30 | 37.83% |
| 2014-03-31 | 28.21% |
| 2013-12-31 | 33.33% |
| 2013-09-30 | 32.92% |
| 2013-06-30 | 34.76% |
| 2013-03-31 | 33.14% |
| 2012-12-31 | 37.15% |
| 2012-09-30 | 36.36% |
| 2012-06-30 | 27.03% |
| 2012-03-31 | 33.67% |
| 2011-12-31 | 36.51% |
| 2011-09-30 | 30.22% |
| 2011-06-30 | 33.56% |
| 2011-03-31 | 35.96% |
| 2010-12-31 | 39.29% |
| 2010-09-30 | 35.27% |
| 2010-06-30 | 37.50% |
| 2010-03-31 | 37.24% |
| 2009-12-31 | 38.16% |
| 2009-09-30 | 32.61% |
| 2009-06-30 | 37.16% |
| 2009-03-31 | 38.37% |
| 2008-12-31 | 41.38% |
| 2008-09-30 | 59.66% |
| 2008-06-30 | 38.55% |
| 2008-03-31 | 38.61% |
| 2007-12-31 | 37.67% |
| 2007-09-30 | 37.78% |
| 2007-06-30 | 38.60% |
| 2007-03-31 | 38.38% |
| 2006-12-31 | 38.50% |
| 2006-09-30 | 37.70% |
| 2006-06-30 | 37.08% |
| 2006-03-31 | 37.80% |
| 2005-12-31 | 37.15% |
| 2005-09-30 | 34.95% |
| 2005-06-30 | 38.70% |
| 2005-03-31 | 38.70% |
| 2004-12-31 | 35.24% |
| 2004-09-30 | 38.40% |
| 2004-06-30 | 38.96% |
| 2004-03-31 | 38.89% |
| 2003-12-31 | 39.00% |
| 2003-09-30 | 39.00% |
| 2003-06-30 | 39.00% |
| 2003-03-31 | 39.00% |
| 2002-12-31 | 39.00% |
| 2002-09-30 | 39.00% |
| 2002-06-30 | 39.00% |
