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 27.37% is 103% above its 5-year average of 13.52%, near the high end of its 5-year range (-138.43%–31.93%).
As of the fiscal period ended Wednesday, December 31, 2025. 14.43% above its 12-month average of 23.92%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
27.37%
TAX RATE AVG TTM
23.92%
TAX RATE AVG 3Y
19.41%
TAX RATE AVG 5Y
24.94%
TAX RATE AVG 10Y
17.47%
TAX RATE AVG 15Y
17.09%
TAX RATE AVG 20Y
19.47%
CURRENT VS TTM AVG
+14.43%
CURRENT VS 3Y AVG
+41.03%
CURRENT VS 5Y AVG
+9.77%
CURRENT VS 10Y AVG
+56.70%
CURRENT VS 15Y AVG
+60.21%
CURRENT VS 20Y AVG
+40.57%
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 | 27.37% |
| 2025-09-30 | 29.28% |
| 2025-06-30 | 25.81% |
| 2025-03-31 | 20.20% |
| 2024-12-31 | 16.94% |
| 2024-09-30 | 26.86% |
| 2024-03-31 | 9.89% |
| 2023-12-31 | -13.62% |
| 2023-06-30 | 22.24% |
| 2023-03-31 | 20.49% |
| 2022-12-31 | 28.05% |
| 2022-09-30 | 24.42% |
| 2022-06-30 | 26.13% |
| 2022-03-31 | 23.90% |
| 2021-12-31 | 27.07% |
| 2021-09-30 | 31.93% |
| 2021-06-30 | 20.89% |
| 2021-03-31 | 27.40% |
| 2020-12-31 | -138.43% |
| 2020-09-30 | 113.73% |
| 2020-06-30 | -6.25% |
| 2019-09-30 | 236.99% |
| 2019-03-31 | 26.40% |
| 2018-12-31 | 22.60% |
| 2018-09-30 | 26.62% |
| 2018-06-30 | 5.15% |
| 2017-12-31 | 811.59% |
| 2017-09-30 | 7.12% |
| 2017-06-30 | -30.34% |
| 2017-03-31 | 112.79% |
| 2016-12-31 | -60.44% |
| 2016-09-30 | -283.96% |
| 2016-03-31 | -12.58% |
| 2015-12-31 | -10.13% |
| 2015-09-30 | 5.91% |
| 2015-06-30 | 15.66% |
| 2015-03-31 | 9.44% |
| 2014-12-31 | 6.95% |
| 2014-09-30 | 27.66% |
| 2014-06-30 | 24.99% |
| 2014-03-31 | -1.21% |
| 2013-09-30 | -5.54% |
| 2013-05-31 | 23.23% |
| 2013-02-28 | 23.97% |
| 2012-11-30 | -14.14% |
| 2012-08-31 | 27.49% |
| 2012-05-31 | 27.12% |
| 2012-02-29 | 24.24% |
| 2011-11-30 | 26.94% |
| 2011-08-31 | 28.04% |
| 2011-05-31 | 22.38% |
| 2011-02-28 | 24.48% |
| 2010-11-30 | 21.50% |
| 2010-08-31 | 26.83% |
| 2010-05-31 | 25.93% |
| 2010-02-28 | 35.92% |
| 2009-11-30 | 31.62% |
| 2009-08-31 | 24.24% |
| 2009-02-28 | 34.57% |
| 2008-11-30 | 31.94% |
| 2008-08-31 | 29.51% |
| 2008-05-31 | 29.10% |
| 2008-02-29 | 23.41% |
| 2007-11-30 | 20.39% |
| 2007-08-31 | 24.81% |
| 2007-05-31 | 29.63% |
| 2007-02-28 | 13.52% |
| 2006-11-30 | 26.78% |
| 2006-08-31 | 6.36% |
| 2005-11-30 | 43.47% |
| 2005-08-31 | 40.36% |
| 2005-05-31 | 36.50% |
| 2005-02-28 | 49.81% |
| 2004-06-30 | 39.69% |
| 2004-03-31 | 39.58% |
| 2003-06-30 | -57.86% |
| 2002-09-30 | 31.71% |
| 2002-06-30 | 32.32% |
