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 18.40% is in line with its 5-year average of 18.46%, around the middle of its 5-year range (12.72%–22.67%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.54% above its 12-month average of 18.12%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 18.40%.
TAX RATE
18.40%
TAX RATE AVG TTM
18.12%
TAX RATE AVG 3Y
17.84%
TAX RATE AVG 5Y
18.46%
TAX RATE AVG 10Y
19.12%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+1.54%
CURRENT VS 3Y AVG
+3.17%
CURRENT VS 5Y AVG
-0.30%
CURRENT VS 10Y AVG
-3.77%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
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 | 18.40% |
| 2026-03-31 | 19.35% |
| 2025-12-31 | 18.33% |
| 2025-09-30 | 17.30% |
| 2025-06-30 | 17.22% |
| 2025-03-31 | 18.42% |
| 2024-12-31 | 15.97% |
| 2024-09-30 | 12.72% |
| 2024-06-30 | 16.97% |
| 2024-03-31 | 22.67% |
| 2023-12-31 | 18.10% |
| 2023-09-30 | 17.38% |
| 2023-06-30 | 18.73% |
| 2023-03-31 | 18.65% |
| 2022-12-31 | 17.45% |
| 2022-09-30 | 18.87% |
| 2022-06-30 | 20.73% |
| 2022-03-31 | 20.47% |
| 2021-12-31 | 19.14% |
| 2021-06-30 | 20.70% |
| 2021-03-31 | 21.06% |
| 2020-12-31 | 20.85% |
| 2020-09-30 | 19.60% |
| 2020-06-30 | 19.21% |
| 2020-03-31 | 19.68% |
| 2019-12-31 | 20.22% |
| 2019-09-30 | 19.21% |
| 2019-06-30 | 19.77% |
| 2019-03-31 | 19.55% |
| 2018-12-31 | 19.47% |
| 2018-09-30 | 11.31% |
| 2018-06-30 | 20.18% |
| 2018-03-31 | 35.83% |
| 2017-12-31 | 39.51% |
| 2017-09-30 | 32.63% |
| 2017-06-30 | 31.32% |
| 2017-03-31 | 31.24% |
| 2016-12-31 | 31.53% |
| 2016-09-30 | 26.83% |
| 2016-06-30 | 33.39% |
| 2016-03-31 | 33.58% |
| 2015-12-31 | 33.88% |
| 2015-09-30 | 31.41% |
| 2015-06-30 | 34.41% |
| 2015-03-31 | 33.10% |
| 2014-12-31 | -32.43% |
| 2014-09-30 | 32.65% |
| 2014-06-30 | 32.51% |
| 2014-03-31 | 32.54% |
| 2013-12-31 | 33.58% |
| 2013-09-30 | 32.33% |
| 2013-06-30 | 21.14% |
| 2013-03-31 | 31.26% |
