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 22.55% is in line with its 5-year average of 24.06%, around the middle of its 5-year range (20.32%–27.12%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.89% below its 12-month average of 23.23%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.55%
TAX RATE AVG TTM
23.23%
TAX RATE AVG 3Y
23.58%
TAX RATE AVG 5Y
24.06%
TAX RATE AVG 10Y
24.05%
TAX RATE AVG 15Y
29.84%
TAX RATE AVG 20Y
31.86%
CURRENT VS TTM AVG
-2.89%
CURRENT VS 3Y AVG
-4.36%
CURRENT VS 5Y AVG
-6.26%
CURRENT VS 10Y AVG
-6.20%
CURRENT VS 15Y AVG
-24.41%
CURRENT VS 20Y AVG
-29.22%
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 | 22.55% |
| 2026-03-31 | 23.17% |
| 2025-09-30 | 22.46% |
| 2025-06-30 | 24.72% |
| 2025-03-31 | 22.75% |
| 2024-12-31 | 20.32% |
| 2024-09-30 | 23.86% |
| 2024-06-30 | 23.47% |
| 2024-03-31 | 23.46% |
| 2023-12-31 | 24.34% |
| 2023-09-30 | 24.48% |
| 2023-06-30 | 24.14% |
| 2023-03-31 | 24.84% |
| 2022-12-31 | 25.31% |
| 2022-09-30 | 25.26% |
| 2022-06-30 | 24.22% |
| 2022-03-31 | 24.52% |
| 2021-12-31 | 25.99% |
| 2021-09-30 | 23.54% |
| 2021-06-30 | 27.12% |
| 2021-03-31 | 23.84% |
| 2020-12-31 | 23.90% |
| 2020-09-30 | 21.75% |
| 2020-03-31 | 23.82% |
| 2019-12-31 | 21.91% |
| 2019-09-30 | 25.23% |
| 2019-06-30 | 25.75% |
| 2019-03-31 | 24.24% |
| 2018-12-31 | 26.58% |
| 2018-09-30 | 24.51% |
| 2018-06-30 | 24.41% |
| 2018-03-31 | 23.00% |
| 2017-12-31 | 51.27% |
| 2017-09-30 | 35.69% |
| 2017-06-30 | 36.07% |
| 2017-03-31 | 34.30% |
| 2016-12-31 | 35.45% |
| 2016-09-30 | 36.39% |
| 2016-06-30 | 36.22% |
| 2016-03-31 | 35.93% |
| 2015-12-31 | 38.35% |
| 2015-09-30 | 37.45% |
| 2015-06-30 | 37.00% |
| 2015-03-31 | 35.95% |
| 2014-12-31 | 37.60% |
| 2014-09-30 | 36.13% |
| 2014-06-30 | 36.25% |
| 2014-03-31 | 35.45% |
| 2013-12-31 | 36.16% |
| 2013-09-30 | 36.06% |
| 2013-06-30 | 31.26% |
| 2013-03-31 | 35.00% |
| 2012-12-31 | 36.40% |
| 2012-09-30 | 36.31% |
| 2012-06-30 | 36.92% |
| 2012-03-31 | 35.90% |
| 2011-12-31 | 35.79% |
| 2011-09-30 | 38.55% |
| 2011-06-30 | 37.15% |
| 2011-03-31 | 34.10% |
| 2010-12-31 | 36.34% |
| 2010-09-30 | 37.98% |
| 2010-06-30 | 38.01% |
| 2010-03-31 | 37.94% |
| 2009-12-31 | 39.06% |
| 2009-09-30 | 36.94% |
| 2009-06-30 | 37.60% |
| 2009-03-31 | 38.37% |
| 2008-12-31 | 41.57% |
| 2008-09-30 | 37.86% |
| 2008-06-30 | 38.31% |
| 2008-03-31 | 35.55% |
| 2007-12-31 | 38.02% |
| 2007-09-30 | 38.00% |
| 2007-06-30 | 37.98% |
| 2007-03-31 | 38.02% |
| 2006-12-31 | 38.44% |
| 2006-09-30 | 38.36% |
| 2006-06-30 | 38.27% |
| 2006-03-31 | 38.25% |
| 2005-12-31 | 38.39% |
| 2005-09-30 | 38.44% |
| 2005-06-30 | 38.30% |
| 2005-03-31 | 38.10% |
| 2004-12-31 | 36.58% |
| 2004-09-30 | 37.93% |
| 2004-06-30 | 38.30% |
| 2004-03-31 | 38.30% |
| 2003-12-31 | 35.02% |
| 2003-09-30 | 39.10% |
| 2003-06-30 | 39.10% |
| 2003-03-31 | 39.10% |
| 2002-12-31 | 39.72% |
| 2002-09-30 | 39.40% |
