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 23.96% is in line with its 5-year average of 23.06%, near the low end of its 5-year range (17.70%–41.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.88% above its 12-month average of 22.42%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.96%
TAX RATE AVG TTM
22.42%
TAX RATE AVG 3Y
23.02%
TAX RATE AVG 5Y
23.06%
TAX RATE AVG 10Y
24.18%
TAX RATE AVG 15Y
25.14%
TAX RATE AVG 20Y
25.58%
CURRENT VS TTM AVG
+6.88%
CURRENT VS 3Y AVG
+4.06%
CURRENT VS 5Y AVG
+3.89%
CURRENT VS 10Y AVG
-0.93%
CURRENT VS 15Y AVG
-4.69%
CURRENT VS 20Y AVG
-6.35%
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 | 23.96% |
| 2026-03-31 | 23.49% |
| 2025-12-31 | 23.92% |
| 2025-09-30 | 17.70% |
| 2025-06-30 | 23.02% |
| 2025-03-31 | 23.04% |
| 2024-12-31 | 23.15% |
| 2024-09-30 | 23.70% |
| 2024-06-30 | 23.01% |
| 2024-03-31 | 21.76% |
| 2023-12-31 | 22.56% |
| 2023-09-30 | 23.32% |
| 2023-06-30 | 21.37% |
| 2023-03-31 | 21.70% |
| 2022-12-31 | 22.18% |
| 2022-09-30 | 23.12% |
| 2022-06-30 | 41.09% |
| 2022-03-31 | 23.37% |
| 2021-12-31 | 24.34% |
| 2021-09-30 | 24.14% |
| 2021-06-30 | 27.60% |
| 2021-03-31 | 20.86% |
| 2020-12-31 | 23.96% |
| 2020-09-30 | 26.63% |
| 2020-06-30 | 25.35% |
| 2020-03-31 | 21.40% |
| 2019-12-31 | 23.28% |
| 2019-09-30 | 28.96% |
| 2019-06-30 | 23.77% |
| 2019-03-31 | 23.14% |
| 2018-12-31 | 11.12% |
| 2018-09-30 | 24.53% |
| 2018-06-30 | 24.05% |
| 2018-03-31 | 23.87% |
| 2017-12-31 | 91.93% |
| 2017-09-30 | 27.14% |
| 2017-06-30 | 27.21% |
| 2017-03-31 | 27.54% |
| 2016-12-31 | 27.09% |
| 2016-09-30 | 26.43% |
| 2016-06-30 | 26.84% |
| 2016-03-31 | 27.20% |
| 2015-12-31 | 28.01% |
| 2015-09-30 | 27.91% |
| 2015-06-30 | 29.77% |
| 2015-03-31 | 27.98% |
| 2014-12-31 | 32.51% |
| 2014-09-30 | 28.08% |
| 2014-06-30 | 27.98% |
| 2014-03-31 | 27.98% |
| 2013-12-31 | 21.45% |
| 2013-09-30 | 27.82% |
| 2013-06-30 | 27.88% |
| 2013-03-31 | 29.29% |
| 2012-12-31 | 27.88% |
| 2012-09-30 | 17.24% |
| 2012-06-30 | 28.03% |
| 2012-03-31 | 27.97% |
| 2011-12-31 | -194.14% |
| 2011-09-30 | 27.85% |
| 2011-06-30 | 27.58% |
| 2011-03-31 | 27.61% |
| 2010-12-31 | 72.54% |
| 2010-09-30 | 27.97% |
| 2010-06-30 | 27.99% |
| 2010-03-31 | 29.31% |
| 2009-12-31 | 27.77% |
| 2009-09-30 | -131.69% |
| 2009-06-30 | 26.33% |
| 2009-03-31 | 28.01% |
| 2008-12-31 | 25.28% |
| 2008-09-30 | 28.14% |
| 2008-06-30 | 27.90% |
| 2008-03-31 | 28.05% |
| 2007-12-31 | 26.50% |
| 2007-09-30 | 25.48% |
| 2007-06-30 | 25.88% |
| 2007-03-31 | 26.03% |
| 2006-12-31 | 22.82% |
| 2006-09-30 | 28.53% |
| 2006-06-30 | 26.39% |
| 2006-03-31 | 26.43% |
| 2005-12-31 | 26.23% |
| 2005-09-30 | 58.84% |
| 2005-06-30 | 22.78% |
| 2005-03-31 | 25.84% |
| 2004-12-31 | 24.10% |
| 2004-09-30 | 25.31% |
| 2004-06-30 | 23.40% |
| 2004-03-31 | 25.11% |
| 2003-12-31 | 22.69% |
| 2003-09-30 | 24.62% |
| 2003-06-30 | 18.62% |
| 2003-03-31 | 23.70% |
| 2002-12-31 | 21.98% |
| 2002-09-30 | 22.09% |
