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 22.48% is in line with its 5-year average of 22.76%, around the middle of its 5-year range (19.67%–24.34%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.36% below its 12-month average of 22.57%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.48%
TAX RATE AVG TTM
22.57%
TAX RATE AVG 3Y
23.12%
TAX RATE AVG 5Y
22.76%
TAX RATE AVG 10Y
22.68%
TAX RATE AVG 15Y
27.27%
TAX RATE AVG 20Y
29.16%
CURRENT VS TTM AVG
-0.36%
CURRENT VS 3Y AVG
-2.75%
CURRENT VS 5Y AVG
-1.21%
CURRENT VS 10Y AVG
-0.86%
CURRENT VS 15Y AVG
-17.55%
CURRENT VS 20Y AVG
-22.88%
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 | 22.48% |
| 2025-12-31 | 24.07% |
| 2025-09-30 | 24.34% |
| 2025-06-30 | 20.22% |
| 2025-03-31 | 21.70% |
| 2024-12-31 | 23.19% |
| 2024-09-30 | 23.98% |
| 2024-06-30 | 22.48% |
| 2024-03-31 | 23.71% |
| 2023-12-31 | 23.50% |
| 2023-09-30 | 23.69% |
| 2023-06-30 | 21.12% |
| 2023-03-31 | 23.15% |
| 2022-12-31 | 23.22% |
| 2022-09-30 | 23.51% |
| 2022-06-30 | 21.76% |
| 2022-03-31 | 23.62% |
| 2021-12-31 | 23.60% |
| 2021-09-30 | 23.43% |
| 2021-06-30 | 19.67% |
| 2021-03-31 | 21.47% |
| 2020-12-31 | 23.07% |
| 2020-09-30 | 22.40% |
| 2020-06-30 | 19.99% |
| 2020-03-31 | 19.70% |
| 2019-12-31 | 23.21% |
| 2019-09-30 | 24.61% |
| 2019-06-30 | 22.98% |
| 2019-03-31 | 22.42% |
| 2018-12-31 | 22.90% |
| 2018-09-30 | 19.17% |
| 2018-06-30 | 20.99% |
| 2018-03-31 | 24.36% |
| 2017-12-31 | -63.49% |
| 2017-09-30 | 31.24% |
| 2017-06-30 | 34.39% |
| 2017-03-31 | 32.15% |
| 2016-12-31 | 33.53% |
| 2016-09-30 | 31.89% |
| 2016-06-30 | 27.42% |
| 2016-03-31 | 32.14% |
| 2015-12-31 | 29.85% |
| 2015-09-30 | 36.14% |
| 2015-06-30 | 32.06% |
| 2015-03-31 | 33.77% |
| 2014-12-31 | 32.76% |
| 2014-09-30 | 35.99% |
| 2014-06-30 | 36.37% |
| 2014-03-31 | 34.33% |
| 2013-12-31 | 35.22% |
| 2013-09-30 | 35.50% |
| 2013-06-30 | 32.21% |
| 2013-03-31 | 29.03% |
| 2012-12-31 | 30.59% |
| 2012-09-30 | 35.99% |
| 2012-06-30 | 28.54% |
| 2012-03-31 | 33.49% |
| 2011-12-31 | 35.19% |
| 2011-09-30 | 35.41% |
| 2011-06-30 | 34.95% |
| 2011-03-31 | 32.29% |
| 2010-12-31 | 31.39% |
| 2010-09-30 | 36.33% |
| 2010-06-30 | 37.80% |
| 2010-03-31 | 27.25% |
| 2009-12-31 | 36.52% |
| 2009-09-30 | 37.28% |
| 2009-06-30 | 36.01% |
| 2009-03-31 | 32.77% |
| 2008-12-31 | 32.13% |
| 2008-09-30 | 37.00% |
| 2008-06-30 | 33.93% |
| 2008-03-31 | 36.54% |
| 2007-12-31 | 36.75% |
| 2007-09-30 | 36.50% |
| 2007-06-30 | 35.65% |
| 2007-03-31 | 35.65% |
| 2006-12-31 | 30.05% |
| 2006-09-30 | 37.50% |
| 2006-06-30 | 36.55% |
| 2006-03-31 | 32.70% |
| 2005-12-31 | 37.00% |
| 2005-09-30 | 37.00% |
| 2005-06-30 | 35.73% |
| 2005-03-31 | 37.50% |
| 2004-12-31 | 37.50% |
| 2004-09-30 | 37.50% |
| 2004-06-30 | 39.90% |
| 2004-03-31 | 36.50% |
| 2003-12-31 | 36.50% |
| 2003-09-30 | 36.50% |
| 2003-06-30 | 36.50% |
| 2003-03-31 | 36.50% |
| 2002-12-31 | 36.50% |
| 2002-09-30 | 36.50% |
| 2002-06-30 | 34.17% |
