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 13.39% is in line with its 5-year average of 13.79%, around the middle of its 5-year range (2.17%–29.30%).
As of the fiscal period ended Wednesday, December 31, 2025. 6.13% above its 12-month average of 12.62%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
13.39%
TAX RATE AVG TTM
12.62%
TAX RATE AVG 3Y
14.82%
TAX RATE AVG 5Y
12.24%
TAX RATE AVG 10Y
16.52%
TAX RATE AVG 15Y
19.36%
TAX RATE AVG 20Y
21.32%
CURRENT VS TTM AVG
+6.13%
CURRENT VS 3Y AVG
-9.61%
CURRENT VS 5Y AVG
+9.37%
CURRENT VS 10Y AVG
-18.92%
CURRENT VS 15Y AVG
-30.84%
CURRENT VS 20Y AVG
-37.19%
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 | 13.39% |
| 2025-09-30 | 14.20% |
| 2025-06-30 | 11.42% |
| 2025-03-31 | 13.86% |
| 2024-12-31 | 10.22% |
| 2024-09-30 | 22.71% |
| 2024-06-30 | 9.07% |
| 2024-03-31 | 15.93% |
| 2023-09-30 | 15.48% |
| 2023-03-31 | 22.60% |
| 2022-12-31 | 14.09% |
| 2022-09-30 | 9.21% |
| 2022-06-30 | 11.99% |
| 2022-03-31 | 11.40% |
| 2021-12-31 | 2.17% |
| 2021-09-30 | 13.20% |
| 2021-06-30 | 29.30% |
| 2021-03-31 | 7.97% |
| 2020-09-30 | 14.04% |
| 2020-06-30 | 14.45% |
| 2020-03-31 | 16.13% |
| 2019-12-31 | 15.34% |
| 2019-09-30 | 18.75% |
| 2019-06-30 | 18.87% |
| 2019-03-31 | 6.68% |
| 2018-12-31 | 31.72% |
| 2018-09-30 | 26.53% |
| 2018-06-30 | 17.74% |
| 2018-03-31 | 44.91% |
| 2017-12-31 | 155.24% |
| 2017-09-30 | 125.50% |
| 2017-06-30 | 20.01% |
| 2017-03-31 | 22.32% |
| 2016-09-30 | 24.21% |
| 2016-06-30 | 19.61% |
| 2016-03-31 | 30.42% |
| 2015-12-31 | -20.34% |
| 2015-09-30 | 23.61% |
| 2015-06-30 | 14.75% |
| 2015-03-31 | 30.63% |
| 2014-12-31 | 37.96% |
| 2014-09-30 | 43.49% |
| 2014-06-30 | -7.51% |
| 2014-03-31 | 17.22% |
| 2013-12-31 | 33.47% |
| 2013-09-30 | 24.59% |
| 2013-06-30 | 24.90% |
| 2013-03-31 | -4.26% |
| 2012-12-31 | 28.86% |
| 2012-09-30 | 20.51% |
| 2012-06-30 | 32.09% |
| 2012-03-31 | 29.52% |
| 2011-12-31 | 2.40% |
| 2011-09-30 | 26.70% |
| 2011-06-30 | -22.85% |
| 2011-03-31 | 38.06% |
| 2010-09-30 | 25.30% |
| 2010-06-30 | 37.15% |
| 2010-03-31 | 46.43% |
| 2009-12-31 | -0.93% |
| 2009-09-30 | 31.94% |
| 2009-06-30 | 19.26% |
| 2009-03-31 | 18.35% |
| 2008-12-31 | 14.66% |
| 2008-09-30 | 22.07% |
| 2008-06-30 | 13.89% |
| 2008-03-31 | 24.95% |
| 2007-09-30 | 26.11% |
| 2007-06-30 | 24.90% |
| 2007-03-31 | 24.40% |
| 2006-12-31 | 48.03% |
| 2006-09-30 | 23.58% |
| 2006-06-30 | 28.89% |
| 2006-03-31 | 22.86% |
| 2005-12-31 | 26.33% |
| 2005-09-30 | 28.90% |
| 2005-06-30 | 62.56% |
| 2005-03-31 | 28.67% |
| 2004-12-31 | 20.20% |
| 2004-09-30 | 26.88% |
| 2004-06-30 | 27.50% |
| 2004-03-31 | 30.91% |
| 2003-12-31 | 20.77% |
| 2003-09-30 | 28.40% |
| 2003-06-30 | 27.75% |
| 2003-03-31 | 30.29% |
| 2002-12-31 | 30.00% |
| 2002-09-30 | 29.60% |
| 2002-06-30 | 30.00% |
