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 23.69% is in line with its 5-year average of 24.69%, around the middle of its 5-year range (18.20%–29.56%).
As of the fiscal period ended Thursday, April 30, 2026. 8.03% below its 12-month average of 25.76%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.69%
TAX RATE AVG TTM
25.76%
TAX RATE AVG 3Y
25.97%
TAX RATE AVG 5Y
24.69%
TAX RATE AVG 10Y
24.19%
TAX RATE AVG 15Y
27.88%
TAX RATE AVG 20Y
30.92%
CURRENT VS TTM AVG
-8.03%
CURRENT VS 3Y AVG
-8.79%
CURRENT VS 5Y AVG
-4.04%
CURRENT VS 10Y AVG
-2.08%
CURRENT VS 15Y AVG
-15.03%
CURRENT VS 20Y AVG
-23.37%
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 |
|---|---|
| 2026-04-30 | 23.69% |
| 2026-01-31 | 29.56% |
| 2025-04-30 | 24.03% |
| 2025-01-31 | 25.06% |
| 2024-04-30 | 25.32% |
| 2024-01-31 | 27.57% |
| 2023-04-30 | 26.59% |
| 2023-01-31 | 26.42% |
| 2022-04-30 | 23.42% |
| 2022-01-31 | 18.20% |
| 2021-04-30 | 21.71% |
| 2021-01-31 | 15.44% |
| 2020-04-30 | 14.19% |
| 2020-01-31 | 23.67% |
| 2019-04-30 | 23.23% |
| 2019-01-31 | 22.69% |
| 2018-04-30 | 20.89% |
| 2018-01-31 | 1.42% |
| 2017-04-30 | 33.83% |
| 2017-01-31 | 34.68% |
| 2016-04-30 | 37.82% |
| 2016-01-31 | 38.25% |
| 2015-04-30 | 37.66% |
| 2015-01-31 | 21.04% |
| 2014-04-30 | 37.15% |
| 2014-01-31 | 37.38% |
| 2013-04-30 | 38.00% |
| 2013-01-31 | 38.00% |
| 2012-04-30 | 39.88% |
| 2012-01-31 | 39.05% |
| 2011-04-30 | 38.47% |
| 2011-01-31 | 38.54% |
| 2010-04-30 | 33.93% |
| 2010-01-31 | 35.41% |
| 2009-04-30 | 36.33% |
| 2009-01-31 | 36.14% |
| 2008-04-30 | 38.30% |
| 2008-01-31 | 38.22% |
| 2007-04-30 | 39.00% |
| 2007-01-31 | 39.00% |
| 2006-04-30 | 39.00% |
| 2006-01-31 | 39.00% |
| 2005-04-30 | 38.50% |
| 2005-01-31 | 38.50% |
| 2004-04-30 | 34.94% |
| 2003-04-30 | 49.89% |
| 2003-01-31 | 42.33% |
