Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of 24.92% is in line with its 5-year average of 24.51%, around the middle of its 5-year range (23.53%–26.20%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.88% above its 12-month average of 24.46%.
Reported annual effective tax rate; no daily interpolation. Historical series through 2025-12-31.
TAX RATE
24.92%
TAX RATE AVG TTM
24.46%
TAX RATE AVG 3Y
24.76%
TAX RATE AVG 5Y
24.51%
TAX RATE AVG 10Y
27.97%
TAX RATE AVG 15Y
31.25%
TAX RATE AVG 20Y
33.70%
CURRENT VS TTM AVG
+1.88%
CURRENT VS 3Y AVG
+0.65%
CURRENT VS 5Y AVG
+1.66%
CURRENT VS 10Y AVG
-10.91%
CURRENT VS 15Y AVG
-20.25%
CURRENT VS 20Y AVG
-26.05%
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 |
|---|---|
| 2025-12-31 | 24.92% |
| 2024-12-31 | 24.00% |
| 2023-12-31 | 26.20% |
| 2022-12-31 | 23.92% |
| 2021-12-31 | 23.53% |
| 2020-12-31 | 24.51% |
| 2019-12-31 | 24.53% |
| 2018-12-31 | 25.85% |
| 2017-12-31 | 34.48% |
| 2016-12-31 | 35.49% |
| 2015-12-31 | 40.27% |
| 2014-12-31 | 39.58% |
| 2013-12-31 | 37.57% |
| 2012-12-31 | 39.38% |
| 2011-12-31 | 39.73% |
| 2010-12-31 | 36.00% |
| 2009-12-31 | 34.52% |
| 2008-12-31 | 50.96% |
| 2007-12-31 | 43.37% |
| 2006-12-31 | 38.68% |
| 2005-12-31 | 40.14% |
