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 24.37% is 22% above its 5-year average of 20.05%, near the high end of its 5-year range (-2.35%–26.92%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.04% above its 12-month average of 22.98%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.37%
TAX RATE AVG TTM
22.98%
TAX RATE AVG 3Y
22.99%
TAX RATE AVG 5Y
22.28%
TAX RATE AVG 10Y
24.01%
TAX RATE AVG 15Y
28.86%
TAX RATE AVG 20Y
30.12%
CURRENT VS TTM AVG
+6.04%
CURRENT VS 3Y AVG
+5.98%
CURRENT VS 5Y AVG
+9.37%
CURRENT VS 10Y AVG
+1.52%
CURRENT VS 15Y AVG
-15.56%
CURRENT VS 20Y AVG
-19.09%
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 | 24.37% |
| 2025-12-31 | 22.76% |
| 2025-09-30 | 22.30% |
| 2025-06-30 | 23.82% |
| 2025-03-31 | 21.67% |
| 2024-09-30 | 23.19% |
| 2024-06-30 | 23.36% |
| 2024-03-31 | 23.57% |
| 2023-12-31 | 22.91% |
| 2023-09-30 | 21.99% |
| 2023-06-30 | 17.94% |
| 2023-03-31 | 19.62% |
| 2022-12-31 | 18.82% |
| 2022-09-30 | 2.19% |
| 2022-06-30 | -2.35% |
| 2022-03-31 | 23.53% |
| 2021-12-31 | 23.99% |
| 2021-09-30 | 21.98% |
| 2021-06-30 | 26.92% |
| 2021-03-31 | 18.34% |
| 2020-12-31 | 23.30% |
| 2020-09-30 | 24.14% |
| 2020-06-30 | 26.60% |
| 2020-03-31 | 23.90% |
| 2019-12-31 | 26.18% |
| 2019-09-30 | 26.39% |
| 2019-06-30 | 24.52% |
| 2019-03-31 | 26.98% |
| 2018-12-31 | 25.70% |
| 2018-09-30 | 23.59% |
| 2018-06-30 | 13.27% |
| 2018-03-31 | 36.43% |
| 2017-12-31 | -56.79% |
| 2017-09-30 | 35.96% |
| 2017-06-30 | 33.33% |
| 2017-03-31 | 28.63% |
| 2016-12-31 | 35.55% |
| 2016-09-30 | 29.82% |
| 2016-06-30 | 35.32% |
| 2016-03-31 | 35.23% |
| 2015-12-31 | 36.43% |
| 2015-09-30 | 34.42% |
| 2015-06-30 | 35.48% |
| 2015-03-31 | 35.66% |
| 2014-12-31 | 34.78% |
| 2014-09-30 | 34.04% |
| 2014-06-30 | 34.98% |
| 2014-03-31 | 34.32% |
| 2013-12-31 | 34.18% |
| 2013-06-30 | 47.81% |
| 2013-03-31 | 36.14% |
| 2012-12-31 | 35.36% |
| 2012-09-30 | 36.30% |
| 2012-06-30 | 34.32% |
| 2012-03-31 | 37.42% |
| 2011-12-31 | 32.52% |
| 2011-09-30 | 34.75% |
| 2011-06-30 | 35.34% |
| 2011-03-31 | 35.96% |
| 2010-12-31 | 24.83% |
| 2010-09-30 | 37.66% |
| 2010-06-30 | 35.79% |
| 2010-03-31 | 43.31% |
| 2009-12-31 | 30.49% |
| 2009-09-30 | 37.86% |
| 2009-06-30 | 36.55% |
| 2009-03-31 | 38.32% |
| 2008-09-30 | 35.76% |
| 2008-06-30 | 42.55% |
| 2008-03-31 | 38.71% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 0.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
