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 18.28% is 13% below its 5-year average of 21.09%, around the middle of its 5-year range (-184.29%–220.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 31.10% below its 12-month average of 26.53%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.28%
TAX RATE AVG TTM
26.53%
TAX RATE AVG 3Y
-11.95%
TAX RATE AVG 5Y
21.09%
TAX RATE AVG 10Y
22.49%
TAX RATE AVG 15Y
24.87%
TAX RATE AVG 20Y
26.43%
CURRENT VS TTM AVG
-31.10%
CURRENT VS 3Y AVG
+253.02%
CURRENT VS 5Y AVG
-13.31%
CURRENT VS 10Y AVG
-18.72%
CURRENT VS 15Y AVG
-26.48%
CURRENT VS 20Y AVG
-30.83%
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 | 18.28% |
| 2025-06-30 | 34.78% |
| 2024-09-30 | -89.87% |
| 2024-06-30 | -142.93% |
| 2024-03-31 | 32.53% |
| 2023-09-30 | 16.88% |
| 2023-06-30 | 12.94% |
| 2023-03-31 | 21.82% |
| 2022-12-31 | 220.90% |
| 2022-09-30 | -184.29% |
| 2022-06-30 | 18.75% |
| 2022-03-31 | 26.24% |
| 2021-09-30 | 12.02% |
| 2021-06-30 | 12.92% |
| 2021-03-31 | 24.79% |
| 2020-12-31 | -24.39% |
| 2020-09-30 | 19.69% |
| 2020-06-30 | 20.12% |
| 2019-12-31 | 61.31% |
| 2019-09-30 | 28.60% |
| 2019-06-30 | 30.92% |
| 2019-03-31 | 19.92% |
| 2018-12-31 | 31.02% |
| 2018-09-30 | 12.87% |
| 2018-06-30 | 23.21% |
| 2018-03-31 | 19.73% |
| 2017-12-31 | -635.05% |
| 2017-09-30 | 27.09% |
| 2017-03-31 | 27.55% |
| 2016-12-31 | 33.03% |
| 2016-09-30 | 25.72% |
| 2016-06-30 | -29.03% |
| 2016-03-31 | 10.79% |
| 2015-12-31 | 40.27% |
| 2015-09-30 | 33.54% |
| 2015-06-30 | 33.54% |
| 2015-03-31 | 29.48% |
| 2014-12-31 | 19.88% |
| 2014-09-30 | 30.63% |
| 2014-06-30 | 11.40% |
| 2013-09-30 | 9.07% |
| 2013-06-30 | 28.75% |
| 2013-03-31 | -31.36% |
| 2012-12-31 | 25.00% |
| 2012-09-30 | 36.72% |
| 2012-06-30 | 32.02% |
| 2012-03-31 | 27.24% |
| 2011-12-31 | 37.11% |
| 2011-09-30 | -22.05% |
| 2011-06-30 | 34.20% |
| 2011-03-31 | 28.41% |
| 2010-12-31 | 13.55% |
| 2010-09-30 | 29.88% |
| 2010-06-30 | 20.00% |
| 2009-09-30 | 35.99% |
| 2009-06-30 | 71.31% |
| 2009-03-31 | 46.84% |
| 2008-09-30 | 43.70% |
| 2008-06-30 | 29.22% |
| 2008-03-31 | 27.57% |
| 2007-12-31 | 21.41% |
| 2007-09-30 | 28.25% |
| 2007-06-30 | 30.27% |
| 2007-03-31 | 23.60% |
| 2006-12-31 | 42.54% |
| 2006-09-30 | 34.34% |
| 2006-06-30 | 33.33% |
| 2005-09-30 | -105.01% |
| 2005-06-30 | 63.85% |
| 2005-03-31 | 1.96% |
| 2004-12-31 | 18.27% |
| 2004-09-30 | 33.93% |
| 2004-06-30 | 13.64% |
| 2004-03-31 | 32.29% |
| 2003-12-31 | -82.93% |
| 2003-09-30 | -101.54% |
| 2003-06-30 | -50.00% |
| 2003-03-31 | 29.60% |
| 2002-09-30 | 31.72% |
