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 25.59% is in line with its 5-year average of 24.15%, near the high end of its 5-year range (18.22%–26.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.49% below its 12-month average of 25.72%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.59%
TAX RATE AVG TTM
25.72%
TAX RATE AVG 3Y
24.68%
TAX RATE AVG 5Y
24.67%
TAX RATE AVG 10Y
24.06%
TAX RATE AVG 15Y
27.01%
TAX RATE AVG 20Y
28.22%
CURRENT VS TTM AVG
-0.49%
CURRENT VS 3Y AVG
+3.70%
CURRENT VS 5Y AVG
+3.75%
CURRENT VS 10Y AVG
+6.37%
CURRENT VS 15Y AVG
-5.24%
CURRENT VS 20Y AVG
-9.29%
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 | 25.59% |
| 2026-03-31 | 24.99% |
| 2025-12-31 | 26.48% |
| 2025-09-30 | 26.13% |
| 2025-06-30 | 25.41% |
| 2025-03-31 | 24.82% |
| 2024-12-31 | 23.36% |
| 2024-09-30 | 22.66% |
| 2024-06-30 | 23.65% |
| 2024-03-31 | 26.12% |
| 2023-12-31 | 22.43% |
| 2023-09-30 | 24.52% |
| 2023-06-30 | 24.71% |
| 2023-03-31 | 24.64% |
| 2022-12-31 | 18.22% |
| 2022-09-30 | 24.73% |
| 2022-06-30 | 26.71% |
| 2022-03-31 | 23.79% |
| 2021-12-31 | 20.25% |
| 2021-09-30 | 23.62% |
| 2021-06-30 | 24.34% |
| 2021-03-31 | 24.36% |
| 2020-12-31 | 35.48% |
| 2020-09-30 | 24.47% |
| 2020-06-30 | 22.30% |
| 2020-03-31 | 21.80% |
| 2019-12-31 | 22.10% |
| 2019-09-30 | 24.38% |
| 2019-06-30 | 23.18% |
| 2019-03-31 | 23.24% |
| 2018-12-31 | 15.64% |
| 2018-09-30 | 22.14% |
| 2018-06-30 | 23.03% |
| 2018-03-31 | 21.11% |
| 2017-12-31 | 18.14% |
| 2017-09-30 | 28.37% |
| 2017-06-30 | 31.45% |
| 2017-03-31 | 29.37% |
| 2016-12-31 | 31.58% |
| 2016-09-30 | 31.07% |
| 2016-06-30 | 33.37% |
| 2016-03-31 | 31.68% |
| 2015-12-31 | 31.71% |
| 2015-09-30 | 33.58% |
| 2015-06-30 | 34.56% |
| 2015-03-31 | 34.09% |
| 2014-12-31 | 29.44% |
| 2014-09-30 | 32.77% |
| 2014-06-30 | 32.80% |
| 2014-03-31 | 32.69% |
| 2013-12-31 | 30.93% |
| 2013-09-30 | 31.51% |
| 2013-06-30 | 33.14% |
| 2013-03-31 | 32.37% |
| 2012-12-31 | 24.87% |
| 2012-09-30 | 32.81% |
| 2012-06-30 | 32.53% |
| 2012-03-31 | 31.93% |
| 2011-12-31 | 24.04% |
| 2011-09-30 | 32.59% |
| 2011-06-30 | 33.77% |
| 2011-03-31 | 34.35% |
| 2010-12-31 | 26.73% |
| 2010-09-30 | 34.46% |
| 2010-06-30 | 33.42% |
| 2010-03-31 | 34.01% |
| 2009-12-31 | 28.23% |
| 2009-09-30 | 27.31% |
| 2009-06-30 | 33.50% |
| 2009-03-31 | 33.99% |
| 2008-12-31 | 34.46% |
| 2008-06-30 | 49.64% |
| 2008-03-31 | 33.37% |
| 2007-12-31 | 25.46% |
| 2007-09-30 | 30.82% |
| 2007-06-30 | 33.19% |
| 2007-03-31 | 33.86% |
| 2006-12-31 | 29.45% |
| 2006-09-30 | 34.65% |
| 2006-06-30 | 40.29% |
| 2006-03-31 | 34.90% |
| 2005-12-31 | 32.57% |
| 2005-09-30 | 34.65% |
| 2005-06-30 | 35.09% |
| 2005-03-31 | 34.32% |
| 2004-12-31 | 33.62% |
| 2004-09-30 | 31.97% |
| 2004-06-30 | 32.72% |
| 2004-03-31 | 33.92% |
| 2003-12-31 | 34.06% |
| 2003-09-30 | 33.76% |
| 2003-06-30 | 31.08% |
| 2003-03-31 | 31.88% |
| 2002-12-31 | 32.14% |
| 2002-09-30 | 32.68% |
