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 23.27% is in line with its 5-year average of 22.52%, around the middle of its 5-year range (20.35%–26.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.19% below its 12-month average of 23.56%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2026 (2026-06-30): 23.27%.
TAX RATE
23.27%
TAX RATE AVG TTM
23.56%
TAX RATE AVG 3Y
22.33%
TAX RATE AVG 5Y
22.52%
TAX RATE AVG 10Y
22.30%
TAX RATE AVG 15Y
26.68%
TAX RATE AVG 20Y
27.04%
CURRENT VS TTM AVG
-1.19%
CURRENT VS 3Y AVG
+4.21%
CURRENT VS 5Y AVG
+3.33%
CURRENT VS 10Y AVG
+4.39%
CURRENT VS 15Y AVG
-12.78%
CURRENT VS 20Y AVG
-13.94%
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 |
|---|---|
| 2026-06-30 | 23.27% |
| 2026-03-31 | 23.30% |
| 2025-12-31 | 20.35% |
| 2025-09-30 | 24.16% |
| 2025-06-30 | 26.69% |
| 2025-03-31 | 22.19% |
| 2024-12-31 | 20.95% |
| 2024-09-30 | 21.90% |
| 2024-06-30 | 21.95% |
| 2024-03-31 | 21.73% |
| 2023-12-31 | 23.47% |
| 2023-09-30 | 22.38% |
| 2023-06-30 | 22.35% |
| 2023-03-31 | 22.17% |
| 2022-12-31 | 22.63% |
| 2022-09-30 | 22.78% |
| 2022-06-30 | 22.48% |
| 2022-03-31 | 22.17% |
| 2021-12-31 | 22.42% |
| 2021-09-30 | 22.78% |
| 2021-06-30 | 22.94% |
| 2021-03-31 | 21.87% |
| 2020-12-31 | 21.62% |
| 2020-09-30 | 23.83% |
| 2020-06-30 | 20.99% |
| 2020-03-31 | 14.19% |
| 2019-12-31 | 22.00% |
| 2019-09-30 | 22.35% |
| 2019-06-30 | 22.37% |
| 2019-03-31 | 21.80% |
| 2018-12-31 | 2.51% |
| 2018-09-30 | 22.35% |
| 2018-06-30 | 22.39% |
| 2018-03-31 | 21.24% |
| 2017-12-31 | 47.08% |
| 2017-09-30 | 33.15% |
| 2017-06-30 | 33.33% |
| 2017-03-31 | 29.04% |
| 2016-12-31 | 34.00% |
| 2016-09-30 | 34.00% |
| 2016-06-30 | 34.00% |
| 2016-03-31 | 34.00% |
| 2015-12-31 | 35.35% |
| 2015-09-30 | 35.23% |
| 2015-06-30 | 33.60% |
| 2015-03-31 | 33.59% |
| 2014-12-31 | 32.52% |
| 2014-09-30 | 33.82% |
| 2014-06-30 | 33.72% |
| 2014-03-31 | 32.50% |
| 2013-12-31 | 32.89% |
| 2013-09-30 | 30.95% |
| 2013-06-30 | 30.50% |
| 2013-03-31 | 30.50% |
| 2012-12-31 | 30.54% |
| 2012-09-30 | 27.50% |
| 2012-06-30 | 30.01% |
| 2012-03-31 | 30.01% |
| 2011-12-31 | 22.22% |
| 2011-09-30 | 25.16% |
| 2011-06-30 | 29.70% |
| 2011-03-31 | 29.70% |
| 2010-12-31 | 23.22% |
| 2010-09-30 | 24.92% |
| 2010-06-30 | 29.20% |
| 2010-03-31 | 29.20% |
| 2009-12-31 | 21.31% |
| 2009-09-30 | 30.01% |
| 2009-06-30 | 31.02% |
| 2009-03-31 | 31.00% |
| 2008-12-31 | 29.55% |
| 2008-09-30 | 30.71% |
| 2008-06-30 | 30.86% |
| 2008-03-31 | 30.19% |
| 2007-12-31 | 28.11% |
| 2007-09-30 | 30.19% |
| 2007-06-30 | 31.32% |
| 2007-03-31 | 30.56% |
| 2006-12-31 | 29.62% |
| 2006-09-30 | 30.88% |
| 2006-06-30 | 30.98% |
| 2006-03-31 | 29.02% |
| 2005-12-31 | 30.54% |
| 2005-09-30 | 28.70% |
| 2005-08-05 | 32.20% |
| 2005-03-31 | 32.15% |
| 2004-12-31 | 25.84% |
| 2004-09-30 | 31.99% |
| 2004-06-30 | 31.61% |
| 2004-03-31 | 32.07% |
| 2003-12-31 | 31.45% |
| 2003-09-30 | 30.84% |
| 2003-06-30 | 31.23% |
| 2003-03-31 | 31.72% |
| 2002-12-31 | 32.12% |
| 2002-09-30 | 32.89% |
