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 12.71% is 46% below its 5-year average of 23.39%, near the low end of its 5-year range (-2.94%–85.92%).
As of the fiscal period ended Tuesday, March 31, 2026. 27.29% below its 12-month average of 17.48%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
12.71%
TAX RATE AVG TTM
17.48%
TAX RATE AVG 3Y
16.04%
TAX RATE AVG 5Y
20.27%
TAX RATE AVG 10Y
20.03%
TAX RATE AVG 15Y
23.72%
TAX RATE AVG 20Y
25.52%
CURRENT VS TTM AVG
-27.29%
CURRENT VS 3Y AVG
-20.79%
CURRENT VS 5Y AVG
-37.30%
CURRENT VS 10Y AVG
-36.58%
CURRENT VS 15Y AVG
-46.44%
CURRENT VS 20Y AVG
-50.21%
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 | 12.71% |
| 2025-12-31 | 23.31% |
| 2025-09-30 | 16.63% |
| 2025-06-30 | 20.93% |
| 2025-03-31 | 13.80% |
| 2024-12-31 | 24.31% |
| 2024-09-30 | 46.25% |
| 2024-06-30 | 11.44% |
| 2024-03-31 | 29.06% |
| 2023-12-31 | -2.94% |
| 2023-09-30 | 23.25% |
| 2023-06-30 | 8.62% |
| 2023-03-31 | 11.37% |
| 2022-12-31 | 22.72% |
| 2022-09-30 | 21.78% |
| 2022-06-30 | 19.78% |
| 2022-03-31 | 37.09% |
| 2021-12-31 | 85.92% |
| 2021-09-30 | 29.86% |
| 2021-06-30 | 4.63% |
| 2021-03-31 | 30.71% |
| 2020-09-30 | 4.27% |
| 2020-06-30 | 23.26% |
| 2020-03-31 | 10.74% |
| 2019-12-31 | 15.99% |
| 2019-06-30 | 21.97% |
| 2018-12-31 | 18.92% |
| 2018-09-30 | 5.96% |
| 2017-12-31 | -37.73% |
| 2017-09-30 | 68.54% |
| 2017-06-30 | 20.74% |
| 2017-03-31 | 22.34% |
| 2016-12-31 | 16.79% |
| 2016-09-30 | 38.10% |
| 2016-06-30 | 26.21% |
| 2016-03-31 | 30.49% |
| 2015-12-31 | 24.11% |
| 2015-09-30 | 27.73% |
| 2015-06-30 | 29.94% |
| 2015-03-31 | 33.71% |
| 2014-12-31 | 26.29% |
| 2014-09-30 | 31.14% |
| 2014-06-30 | 29.98% |
| 2014-03-31 | 22.15% |
| 2013-12-31 | 61.76% |
| 2013-09-30 | 33.86% |
| 2013-06-30 | 29.29% |
| 2013-03-31 | 32.90% |
| 2012-12-31 | 31.65% |
| 2012-09-30 | 29.15% |
| 2012-06-30 | 28.44% |
| 2012-03-31 | 20.70% |
| 2011-12-31 | 29.58% |
| 2011-09-30 | 29.52% |
| 2011-06-30 | 31.25% |
| 2011-03-31 | 24.37% |
| 2010-12-31 | 40.61% |
| 2010-09-30 | 32.18% |
| 2010-06-30 | 32.27% |
| 2010-03-31 | 34.59% |
| 2009-12-31 | 33.06% |
| 2009-09-30 | 29.01% |
| 2009-06-30 | 31.59% |
| 2009-03-31 | 29.22% |
| 2008-09-30 | 13.72% |
| 2008-06-30 | 34.36% |
| 2008-03-31 | 34.27% |
| 2007-12-31 | 27.44% |
| 2007-09-30 | 31.20% |
| 2007-06-30 | 33.89% |
| 2007-03-31 | 29.20% |
| 2006-12-31 | 28.14% |
| 2006-09-30 | 9.18% |
| 2006-06-30 | 35.44% |
| 2006-03-31 | 36.96% |
| 2005-12-31 | 36.30% |
| 2005-09-30 | 36.36% |
| 2005-06-30 | 35.61% |
| 2005-03-31 | 31.97% |
| 2004-09-30 | 24.21% |
| 2004-06-30 | 33.52% |
| 2004-03-31 | 28.96% |
| 2003-12-31 | 26.71% |
| 2003-09-30 | 26.40% |
| 2003-06-30 | 33.49% |
| 2003-03-31 | 34.20% |
| 2002-12-31 | 34.33% |
| 2002-09-30 | 33.40% |
| 2002-06-30 | 35.34% |
