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 56.59% is 83% above its 5-year average of 30.87%, near the high end of its 5-year range (25.33%–56.59%).
As of the fiscal period ended Sunday, June 30, 2024. 41.99% above its 12-month average of 39.86%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2024 (2024-06-30): 56.59%.
TAX RATE
56.59%
TAX RATE AVG TTM
39.86%
TAX RATE AVG 3Y
32.39%
TAX RATE AVG 5Y
30.87%
TAX RATE AVG 10Y
27.58%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+41.99%
CURRENT VS 3Y AVG
+74.74%
CURRENT VS 5Y AVG
+83.36%
CURRENT VS 10Y AVG
+105.16%
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 |
|---|---|
| 2024-06-30 | 56.59% |
| 2023-12-31 | 26.01% |
| 2023-06-30 | 36.97% |
| 2022-12-31 | 27.31% |
| 2022-06-30 | 27.15% |
| 2021-12-31 | 25.33% |
| 2021-06-30 | 27.35% |
| 2020-12-31 | 28.01% |
| 2020-06-30 | 30.07% |
| 2019-12-31 | 27.36% |
| 2019-06-30 | 27.36% |
| 2017-12-31 | 30.53% |
| 2017-06-30 | 30.53% |
| 2016-12-31 | 27.97% |
| 2016-06-30 | 27.97% |
| 2015-12-31 | 26.95% |
| 2015-06-30 | 26.95% |
| 2014-12-31 | 26.05% |
| 2014-06-30 | 26.05% |
