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 48.32% is 139% above its 5-year average of 20.18%, around the middle of its 5-year range (-223.34%–244.37%).
As of the fiscal period ended Wednesday, December 31, 2025. 20.91% below its 12-month average of 61.09%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q1 FY2026 (2025-12-31): 48.32%.
TAX RATE
48.32%
TAX RATE AVG TTM
61.09%
TAX RATE AVG 3Y
19.89%
TAX RATE AVG 5Y
20.18%
TAX RATE AVG 10Y
22.13%
TAX RATE AVG 15Y
29.22%
TAX RATE AVG 20Y
31.76%
CURRENT VS TTM AVG
-20.91%
CURRENT VS 3Y AVG
+142.98%
CURRENT VS 5Y AVG
+139.42%
CURRENT VS 10Y AVG
+118.34%
CURRENT VS 15Y AVG
+65.34%
CURRENT VS 20Y AVG
+52.15%
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 | 48.32% |
| 2025-06-30 | 73.86% |
| 2024-03-31 | -14.19% |
| 2023-09-30 | -15.41% |
| 2023-06-30 | -6.88% |
| 2023-03-31 | 27.04% |
| 2022-12-31 | 26.46% |
| 2022-06-30 | 26.56% |
| 2022-03-31 | 244.37% |
| 2021-06-30 | -223.34% |
| 2021-03-31 | 15.87% |
| 2020-12-31 | 200.20% |
| 2020-09-30 | 35.01% |
| 2019-06-30 | 21.66% |
| 2019-03-31 | -1.10% |
| 2018-12-31 | 16.86% |
| 2018-09-30 | 24.50% |
| 2018-06-30 | 15.05% |
| 2018-03-31 | 10.91% |
| 2017-12-31 | -254.02% |
| 2017-09-30 | 15.46% |
| 2017-06-30 | 23.21% |
| 2017-03-31 | 28.66% |
| 2016-12-31 | 19.60% |
| 2016-09-30 | 29.31% |
| 2016-06-30 | 32.79% |
| 2016-03-31 | 30.17% |
| 2015-12-31 | 25.26% |
| 2015-09-30 | 32.13% |
| 2015-06-30 | 28.48% |
| 2015-03-31 | 31.69% |
| 2014-12-31 | 25.88% |
| 2014-09-30 | 38.22% |
| 2014-06-30 | 32.11% |
| 2014-03-31 | 37.15% |
| 2013-12-31 | 34.05% |
| 2013-09-30 | 27.99% |
| 2013-06-30 | 33.52% |
| 2013-03-31 | 34.81% |
| 2012-12-31 | 35.36% |
| 2012-09-30 | 36.08% |
| 2012-06-30 | 32.31% |
| 2012-03-31 | 34.42% |
| 2011-12-31 | 34.57% |
| 2011-09-30 | 35.01% |
| 2011-06-30 | 32.72% |
| 2011-03-31 | 34.66% |
| 2010-12-31 | 35.90% |
| 2010-09-30 | 34.30% |
| 2010-06-30 | 34.17% |
| 2010-03-31 | 36.05% |
| 2009-12-31 | 35.99% |
| 2009-09-30 | 35.54% |
| 2009-06-30 | 33.90% |
| 2009-03-31 | 36.55% |
| 2008-12-31 | 30.87% |
| 2008-09-30 | 33.71% |
| 2008-06-30 | 36.32% |
| 2008-03-31 | 37.40% |
| 2007-12-31 | 29.82% |
| 2007-09-30 | 37.58% |
| 2007-06-30 | 37.60% |
| 2007-03-31 | 37.60% |
| 2006-12-31 | 37.60% |
| 2006-09-30 | 35.32% |
| 2006-06-30 | 37.60% |
| 2006-03-31 | 37.60% |
| 2005-12-31 | 37.60% |
| 2005-09-30 | 36.60% |
| 2005-06-30 | 38.00% |
| 2005-03-31 | 38.00% |
| 2004-12-31 | 38.00% |
| 2004-09-30 | 38.82% |
| 2004-06-30 | 38.80% |
| 2004-03-31 | 38.80% |
| 2003-12-31 | 38.80% |
| 2003-09-30 | 38.78% |
| 2003-06-30 | 38.82% |
| 2003-03-31 | 38.79% |
| 2002-12-31 | 38.80% |
| 2002-09-30 | 39.29% |
