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 20.96% is in line with its 5-year average of 20.17%, around the middle of its 5-year range (10.27%–25.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 31.59% above its 12-month average of 15.93%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.96%
TAX RATE AVG TTM
15.93%
TAX RATE AVG 3Y
19.01%
TAX RATE AVG 5Y
20.17%
TAX RATE AVG 10Y
20.55%
TAX RATE AVG 15Y
22.92%
TAX RATE AVG 20Y
23.99%
CURRENT VS TTM AVG
+31.59%
CURRENT VS 3Y AVG
+10.25%
CURRENT VS 5Y AVG
+3.92%
CURRENT VS 10Y AVG
+1.98%
CURRENT VS 15Y AVG
-8.54%
CURRENT VS 20Y AVG
-12.65%
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 | 20.96% |
| 2026-03-31 | 10.27% |
| 2025-09-30 | 16.34% |
| 2025-06-30 | 16.14% |
| 2025-03-31 | 22.13% |
| 2024-12-31 | 16.45% |
| 2024-09-30 | 22.42% |
| 2024-06-30 | 20.97% |
| 2024-03-31 | 21.17% |
| 2023-12-31 | 17.13% |
| 2023-09-30 | 22.98% |
| 2023-06-30 | 21.17% |
| 2023-03-31 | 20.99% |
| 2022-12-31 | 14.13% |
| 2022-09-30 | 21.81% |
| 2022-06-30 | 25.88% |
| 2022-03-31 | 24.65% |
| 2021-12-31 | 19.58% |
| 2021-09-30 | 25.12% |
| 2021-06-30 | 23.07% |
| 2021-03-31 | 22.19% |
| 2020-12-31 | 19.36% |
| 2020-09-30 | 31.97% |
| 2020-06-30 | 9.84% |
| 2020-03-31 | 17.00% |
| 2019-12-31 | 10.07% |
| 2019-09-30 | 16.22% |
| 2019-06-30 | 21.49% |
| 2019-03-31 | 22.04% |
| 2018-12-31 | -1.16% |
| 2018-09-30 | -26.80% |
| 2018-06-30 | 35.94% |
| 2018-03-31 | 24.02% |
| 2017-12-31 | 248.36% |
| 2017-09-30 | 23.40% |
| 2017-06-30 | 21.26% |
| 2017-03-31 | 22.74% |
| 2016-12-31 | 27.03% |
| 2016-09-30 | 23.53% |
| 2016-06-30 | 24.39% |
| 2016-03-31 | 24.69% |
| 2015-12-31 | 27.22% |
| 2015-09-30 | 25.25% |
| 2015-06-30 | 26.47% |
| 2015-03-31 | 26.73% |
| 2014-12-31 | 25.23% |
| 2014-09-30 | 24.56% |
| 2014-06-30 | 26.07% |
| 2014-03-31 | 26.58% |
| 2013-12-31 | 33.01% |
| 2013-09-30 | 27.24% |
| 2013-06-30 | 23.10% |
| 2013-03-31 | 23.10% |
| 2012-12-31 | 16.67% |
| 2012-09-30 | 22.71% |
| 2012-06-30 | 26.00% |
| 2012-03-31 | 26.47% |
| 2011-09-30 | 23.18% |
| 2011-06-30 | 27.64% |
| 2011-03-31 | 27.06% |
| 2010-12-31 | 28.60% |
| 2010-09-30 | 29.81% |
| 2010-06-30 | 27.25% |
| 2010-03-31 | 29.34% |
| 2009-12-31 | 29.67% |
| 2009-09-30 | 22.43% |
| 2009-06-30 | 26.52% |
| 2009-03-31 | 26.52% |
| 2008-12-31 | 22.14% |
| 2008-09-30 | 30.35% |
| 2008-06-30 | 26.39% |
| 2008-03-31 | 26.39% |
| 2007-12-31 | 26.55% |
| 2007-09-30 | 26.16% |
| 2007-06-30 | 26.39% |
| 2007-03-31 | 26.54% |
| 2006-12-31 | 25.10% |
| 2006-09-30 | 26.29% |
| 2006-06-30 | 26.41% |
| 2006-03-31 | 25.04% |
| 2005-12-31 | 29.61% |
| 2005-09-30 | 25.87% |
| 2005-06-30 | 47.10% |
| 2005-03-31 | 26.13% |
| 2004-12-31 | 4.89% |
| 2004-09-30 | 23.46% |
| 2004-06-30 | 30.98% |
| 2004-03-31 | 27.16% |
| 2003-12-31 | -10.90% |
| 2003-09-30 | 24.06% |
| 2003-06-30 | 28.64% |
| 2003-03-31 | 26.54% |
| 2002-09-30 | 26.43% |
