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 24.00% is in line with its 5-year average of 23.80%, around the middle of its 5-year range (21.88%–25.58%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.94% above its 12-month average of 23.09%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.00%
TAX RATE AVG TTM
23.09%
TAX RATE AVG 3Y
23.87%
TAX RATE AVG 5Y
23.92%
TAX RATE AVG 10Y
23.65%
TAX RATE AVG 15Y
23.11%
TAX RATE AVG 20Y
24.16%
CURRENT VS TTM AVG
+3.94%
CURRENT VS 3Y AVG
+0.54%
CURRENT VS 5Y AVG
+0.31%
CURRENT VS 10Y AVG
+1.45%
CURRENT VS 15Y AVG
+3.83%
CURRENT VS 20Y AVG
-0.69%
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 |
|---|---|
| 2026-03-31 | 24.00% |
| 2025-12-31 | 21.88% |
| 2025-09-30 | 24.01% |
| 2025-06-30 | 23.36% |
| 2025-03-31 | 22.18% |
| 2024-12-31 | 24.70% |
| 2024-09-30 | 24.01% |
| 2024-06-30 | 23.75% |
| 2024-03-31 | 24.56% |
| 2023-12-31 | 24.40% |
| 2023-09-30 | 23.70% |
| 2023-06-30 | 23.65% |
| 2023-03-31 | 23.93% |
| 2022-12-31 | 22.67% |
| 2022-09-30 | 23.43% |
| 2022-06-30 | 24.03% |
| 2022-03-31 | 23.84% |
| 2021-12-31 | 25.58% |
| 2021-09-30 | 23.72% |
| 2021-06-30 | 24.34% |
| 2021-03-31 | 24.03% |
| 2020-12-31 | 23.61% |
| 2020-09-30 | 25.44% |
| 2020-06-30 | 24.31% |
| 2019-12-31 | 23.46% |
| 2019-09-30 | 23.95% |
| 2019-06-30 | 24.08% |
| 2019-03-31 | 18.77% |
| 2018-12-31 | 24.81% |
| 2018-09-30 | 24.70% |
| 2018-06-30 | 23.68% |
| 2018-03-31 | 22.17% |
| 2017-12-31 | 79.50% |
| 2017-09-30 | 36.84% |
| 2017-06-30 | 19.94% |
| 2017-03-31 | 22.79% |
| 2016-12-31 | 21.98% |
| 2016-09-30 | 22.02% |
| 2016-06-30 | 22.56% |
| 2016-03-31 | 22.16% |
| 2015-09-30 | 18.87% |
| 2015-06-30 | 24.20% |
| 2015-03-31 | 28.09% |
| 2014-12-31 | 21.81% |
| 2014-09-30 | 24.86% |
| 2014-06-30 | 22.14% |
| 2014-03-31 | 6.82% |
| 2013-12-31 | 23.06% |
| 2013-09-30 | 21.08% |
| 2013-06-30 | 1.68% |
| 2013-03-31 | 28.92% |
| 2012-12-31 | 22.96% |
| 2012-09-30 | 20.52% |
| 2012-06-30 | 21.34% |
| 2012-03-31 | 25.18% |
| 2011-12-31 | 21.32% |
| 2011-09-30 | 17.34% |
| 2011-06-30 | 21.16% |
| 2011-03-31 | 29.89% |
| 2010-12-31 | 27.29% |
| 2010-09-30 | 19.94% |
| 2010-06-30 | 26.44% |
| 2010-03-12 | 34.26% |
| 2009-12-31 | 30.62% |
| 2009-09-30 | 24.99% |
| 2009-07-23 | 27.11% |
| 2009-03-31 | 32.69% |
| 2008-12-31 | 40.86% |
| 2008-09-30 | 29.28% |
| 2008-06-30 | 42.21% |
| 2008-03-31 | 39.11% |
| 2007-12-31 | 34.99% |
| 2007-09-30 | 36.90% |
| 2007-06-30 | 39.73% |
| 2007-03-31 | 39.03% |
| 2006-12-31 | 38.28% |
| 2006-09-30 | 39.18% |
| 2006-06-30 | 39.85% |
| 2006-03-31 | 38.19% |
| 2005-12-31 | 36.93% |
| 2005-09-30 | 38.36% |
| 2005-06-30 | 38.99% |
| 2005-03-31 | 38.23% |
| 2004-12-31 | 37.14% |
| 2004-09-30 | 39.68% |
| 2004-06-30 | 39.55% |
| 2004-03-31 | 38.74% |
| 2003-12-31 | 34.88% |
| 2003-09-30 | 39.76% |
| 2003-06-30 | 40.80% |
| 2003-03-31 | 38.61% |
| 2002-12-31 | 42.65% |
| 2002-09-30 | 37.71% |
| 2002-06-30 | 42.56% |
