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 21.67% is in line with its 5-year average of 20.74%, around the middle of its 5-year range (-31.07%–50.46%).
As of the fiscal period ended Tuesday, March 31, 2026. 49.81% above its 12-month average of 14.46%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.67%
TAX RATE AVG TTM
14.46%
TAX RATE AVG 3Y
19.60%
TAX RATE AVG 5Y
20.74%
TAX RATE AVG 10Y
20.94%
TAX RATE AVG 15Y
21.81%
TAX RATE AVG 20Y
23.54%
CURRENT VS TTM AVG
+49.81%
CURRENT VS 3Y AVG
+10.55%
CURRENT VS 5Y AVG
+4.46%
CURRENT VS 10Y AVG
+3.49%
CURRENT VS 15Y AVG
-0.68%
CURRENT VS 20Y AVG
-7.95%
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 | 21.67% |
| 2025-12-31 | -5.05% |
| 2025-09-30 | 16.18% |
| 2025-06-30 | 19.27% |
| 2025-03-31 | 20.25% |
| 2024-12-31 | 17.77% |
| 2024-09-30 | -31.07% |
| 2024-06-30 | 21.33% |
| 2023-12-31 | 14.34% |
| 2023-09-30 | 6.30% |
| 2023-06-30 | 34.57% |
| 2023-03-31 | 24.31% |
| 2022-12-31 | 19.60% |
| 2022-09-30 | 26.56% |
| 2022-06-30 | 24.48% |
| 2021-12-31 | 50.46% |
| 2021-09-30 | 24.78% |
| 2021-06-30 | 16.51% |
| 2021-03-31 | 23.94% |
| 2020-12-31 | 14.88% |
| 2020-09-30 | 57.21% |
| 2020-03-31 | 23.22% |
| 2019-12-31 | -41.45% |
| 2019-06-30 | 22.20% |
| 2019-03-31 | 16.26% |
| 2018-12-31 | 99.70% |
| 2018-09-30 | 21.21% |
| 2018-06-30 | 12.80% |
| 2018-03-31 | 24.30% |
| 2017-12-31 | 280.43% |
| 2017-09-30 | 26.12% |
| 2017-06-30 | 25.42% |
| 2017-03-31 | 25.38% |
| 2016-12-31 | 20.94% |
| 2016-09-30 | 22.24% |
| 2016-06-30 | 20.50% |
| 2016-03-31 | 20.77% |
| 2015-12-31 | 13.83% |
| 2015-09-30 | 16.08% |
| 2015-06-30 | 18.40% |
| 2015-03-31 | 17.31% |
| 2014-12-31 | 18.16% |
| 2014-09-30 | 19.19% |
| 2014-06-30 | 15.23% |
| 2014-03-31 | 24.62% |
| 2013-12-31 | 29.30% |
| 2013-09-30 | 27.27% |
| 2013-06-30 | 28.63% |
| 2013-03-31 | 23.66% |
| 2012-12-31 | 25.77% |
| 2012-09-30 | 29.45% |
| 2012-06-30 | 27.18% |
| 2012-03-31 | 34.58% |
| 2011-12-31 | 19.18% |
| 2011-09-30 | 24.35% |
| 2011-06-30 | 24.44% |
| 2011-03-31 | 25.99% |
| 2010-12-31 | 21.66% |
| 2010-09-30 | 26.94% |
| 2010-06-30 | 28.60% |
| 2010-03-31 | 26.53% |
| 2009-12-31 | 24.55% |
| 2009-09-30 | 24.77% |
| 2009-06-30 | 24.67% |
| 2009-03-31 | 26.29% |
| 2008-12-31 | 22.13% |
| 2008-09-30 | 27.66% |
| 2008-06-30 | 28.27% |
| 2008-03-31 | 27.91% |
| 2007-12-31 | 26.06% |
| 2007-09-30 | 30.85% |
| 2007-06-30 | 28.46% |
| 2007-03-31 | 29.86% |
| 2006-09-30 | 158.42% |
| 2006-06-30 | 33.50% |
| 2006-03-31 | 33.90% |
| 2005-12-31 | 25.70% |
| 2005-09-30 | 32.00% |
| 2005-06-30 | 32.00% |
| 2005-03-31 | 32.00% |
| 2004-12-31 | 32.17% |
| 2004-09-30 | 32.00% |
| 2004-06-30 | 31.00% |
| 2004-03-31 | 31.00% |
| 2003-09-30 | 5.01% |
| 2003-06-30 | 4.99% |
| 2002-12-31 | 2.94% |
| 2002-09-30 | 2.58% |
