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 21.70% is in line with its 5-year average of 20.07%, near the high end of its 5-year range (16.44%–21.70%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.73% above its 12-month average of 20.72%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 21.70%.
TAX RATE
21.70%
TAX RATE AVG TTM
20.72%
TAX RATE AVG 3Y
20.08%
TAX RATE AVG 5Y
20.07%
TAX RATE AVG 10Y
19.46%
TAX RATE AVG 15Y
21.18%
TAX RATE AVG 20Y
21.96%
CURRENT VS TTM AVG
+4.73%
CURRENT VS 3Y AVG
+8.07%
CURRENT VS 5Y AVG
+8.16%
CURRENT VS 10Y AVG
+11.54%
CURRENT VS 15Y AVG
+2.47%
CURRENT VS 20Y AVG
-1.18%
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 | 21.70% |
| 2026-03-31 | 19.25% |
| 2025-12-31 | 20.68% |
| 2025-09-30 | 20.50% |
| 2025-06-30 | 21.47% |
| 2025-03-31 | 19.89% |
| 2024-12-31 | 18.90% |
| 2024-09-30 | 20.44% |
| 2024-06-30 | 20.92% |
| 2024-03-31 | 18.54% |
| 2023-12-31 | 18.79% |
| 2023-09-30 | 19.91% |
| 2023-06-30 | 20.07% |
| 2023-03-31 | 20.17% |
| 2022-12-31 | 20.08% |
| 2022-09-30 | 20.70% |
| 2022-06-30 | 21.17% |
| 2022-03-31 | 20.07% |
| 2021-12-31 | 16.44% |
| 2021-09-30 | 19.17% |
| 2021-06-30 | 18.89% |
| 2021-03-31 | 19.73% |
| 2020-12-31 | -0.29% |
| 2020-09-30 | 19.15% |
| 2019-12-31 | 15.53% |
| 2019-09-30 | 15.45% |
| 2019-06-30 | 17.85% |
| 2019-03-31 | 17.55% |
| 2018-12-31 | 7.91% |
| 2018-09-30 | 17.49% |
| 2018-06-30 | 18.27% |
| 2018-03-31 | 18.45% |
| 2017-12-31 | 41.44% |
| 2017-09-30 | 25.74% |
| 2017-06-30 | 24.01% |
| 2017-03-31 | 25.34% |
| 2016-12-31 | 17.67% |
| 2016-09-30 | 20.13% |
| 2016-06-30 | 22.50% |
| 2016-03-31 | 22.51% |
| 2015-12-31 | -29.48% |
| 2015-09-30 | 26.18% |
| 2015-06-30 | 26.12% |
| 2015-03-31 | 27.03% |
| 2014-12-31 | 26.18% |
| 2014-09-30 | 26.03% |
| 2014-06-30 | 30.65% |
| 2014-03-31 | 27.04% |
| 2013-12-31 | 20.12% |
| 2013-09-30 | 25.91% |
| 2013-06-30 | 25.10% |
| 2013-03-31 | 25.29% |
| 2012-12-31 | 20.17% |
| 2012-09-30 | 25.66% |
| 2012-06-30 | 25.86% |
| 2012-03-31 | 17.12% |
| 2011-12-31 | 13.08% |
| 2011-09-30 | 21.55% |
| 2011-06-30 | 20.62% |
| 2011-03-31 | 19.56% |
| 2010-12-31 | 20.32% |
| 2010-09-30 | 16.14% |
| 2010-06-30 | 0.41% |
| 2010-03-31 | 15.19% |
| 2009-12-31 | 28.43% |
| 2009-09-30 | 19.56% |
| 2009-06-30 | 14.36% |
| 2009-03-31 | 23.42% |
| 2008-12-31 | 4.63% |
| 2008-09-30 | 25.01% |
| 2008-06-30 | 27.69% |
| 2008-03-31 | 28.10% |
| 2007-12-31 | 21.80% |
| 2007-09-30 | 28.94% |
| 2007-06-30 | 29.13% |
| 2007-03-31 | 28.63% |
| 2006-12-31 | 28.18% |
| 2006-09-30 | 31.56% |
| 2006-06-30 | 32.39% |
| 2006-03-31 | 33.03% |
| 2005-12-31 | 20.93% |
| 2005-09-30 | -754.17% |
| 2005-06-30 | 31.33% |
| 2005-03-31 | 30.69% |
| 2004-12-31 | 29.74% |
| 2004-09-30 | 30.44% |
| 2004-06-30 | 30.26% |
| 2004-03-31 | 30.02% |
| 2003-12-31 | 29.51% |
| 2003-09-30 | 31.93% |
| 2003-06-30 | 31.45% |
| 2003-03-31 | 31.06% |
| 2002-12-31 | 26.95% |
| 2002-09-30 | 32.61% |
