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 24.08% is in line with its 5-year average of 23.33%, around the middle of its 5-year range (18.46%–29.88%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.13% above its 12-month average of 23.35%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.08%
TAX RATE AVG TTM
23.35%
TAX RATE AVG 3Y
22.76%
TAX RATE AVG 5Y
23.55%
TAX RATE AVG 10Y
23.40%
TAX RATE AVG 15Y
29.52%
TAX RATE AVG 20Y
31.66%
CURRENT VS TTM AVG
+3.13%
CURRENT VS 3Y AVG
+5.78%
CURRENT VS 5Y AVG
+2.24%
CURRENT VS 10Y AVG
+2.92%
CURRENT VS 15Y AVG
-18.41%
CURRENT VS 20Y AVG
-23.92%
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 | 24.08% |
| 2025-12-31 | 20.96% |
| 2025-09-30 | 23.94% |
| 2025-06-30 | 24.42% |
| 2025-03-31 | 23.36% |
| 2024-12-31 | 29.88% |
| 2024-09-30 | 21.76% |
| 2024-06-30 | 22.88% |
| 2024-03-31 | 23.49% |
| 2023-12-31 | 18.46% |
| 2023-09-30 | 22.20% |
| 2023-06-30 | 23.21% |
| 2023-03-31 | 20.12% |
| 2022-12-31 | 23.34% |
| 2022-09-30 | 23.26% |
| 2022-06-30 | 25.35% |
| 2022-03-31 | 24.98% |
| 2021-12-31 | 23.32% |
| 2021-09-30 | 23.74% |
| 2021-06-30 | 23.36% |
| 2021-03-31 | 23.75% |
| 2020-12-31 | -17.70% |
| 2020-09-30 | 23.43% |
| 2020-06-30 | 23.21% |
| 2020-03-31 | 23.79% |
| 2019-12-31 | 20.63% |
| 2019-09-30 | 25.00% |
| 2019-06-30 | 23.43% |
| 2019-03-31 | 16.78% |
| 2018-12-31 | 23.09% |
| 2018-09-30 | 21.84% |
| 2018-06-30 | 24.57% |
| 2018-03-31 | 23.31% |
| 2017-12-31 | 24.84% |
| 2017-09-30 | 31.93% |
| 2017-06-30 | 35.93% |
| 2017-03-31 | 32.82% |
| 2016-12-31 | 29.90% |
| 2016-09-30 | 33.77% |
| 2016-06-30 | 36.10% |
| 2016-03-31 | 35.82% |
| 2015-12-31 | 39.54% |
| 2015-09-30 | 39.40% |
| 2015-06-30 | 37.28% |
| 2015-03-31 | 50.19% |
| 2014-12-31 | 34.69% |
| 2014-09-30 | 35.62% |
| 2014-06-30 | 34.72% |
| 2014-03-31 | 36.08% |
| 2013-12-31 | 42.23% |
| 2013-09-30 | 38.84% |
| 2013-06-30 | 39.29% |
| 2013-03-31 | 39.76% |
| 2012-12-31 | 39.07% |
| 2012-09-30 | 39.01% |
| 2012-06-30 | 35.31% |
| 2012-03-31 | 39.90% |
| 2011-12-31 | 38.26% |
| 2011-09-30 | 37.21% |
| 2011-06-30 | 36.54% |
| 2011-03-31 | 37.98% |
| 2010-12-31 | 38.71% |
| 2010-09-30 | 38.07% |
| 2010-06-30 | 41.96% |
| 2010-03-31 | 37.10% |
| 2009-12-31 | 38.32% |
| 2009-09-30 | 39.08% |
| 2009-06-30 | 38.52% |
| 2009-03-31 | 34.29% |
| 2008-09-30 | 37.50% |
| 2008-06-30 | 37.95% |
| 2008-03-31 | 37.98% |
| 2007-12-31 | 33.29% |
| 2007-09-30 | 39.37% |
| 2007-06-30 | 39.36% |
| 2007-03-31 | 39.59% |
| 2006-12-31 | 39.50% |
| 2006-09-30 | 39.02% |
| 2006-06-30 | 39.52% |
| 2006-03-31 | 40.64% |
| 2005-12-31 | 39.43% |
| 2005-09-30 | 40.28% |
| 2005-06-30 | 40.47% |
| 2005-03-31 | 40.40% |
| 2004-12-31 | 38.90% |
| 2004-09-30 | 41.53% |
| 2004-06-30 | 39.52% |
| 2004-03-31 | 39.92% |
| 2003-12-31 | 33.82% |
| 2003-09-30 | 40.50% |
| 2003-06-30 | 40.50% |
| 2003-03-31 | 40.50% |
| 2002-12-31 | 25.66% |
| 2002-09-30 | 40.50% |
| 2002-06-30 | 40.50% |
