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 26.97% is in line with its 5-year average of 26.84%, near the low end of its 5-year range (22.90%–37.25%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.15% below its 12-month average of 28.13%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
26.97%
TAX RATE AVG TTM
28.13%
TAX RATE AVG 3Y
26.35%
TAX RATE AVG 5Y
26.27%
TAX RATE AVG 10Y
27.20%
TAX RATE AVG 15Y
29.29%
TAX RATE AVG 20Y
30.46%
CURRENT VS TTM AVG
-4.15%
CURRENT VS 3Y AVG
+2.35%
CURRENT VS 5Y AVG
+2.66%
CURRENT VS 10Y AVG
-0.85%
CURRENT VS 15Y AVG
-7.95%
CURRENT VS 20Y AVG
-11.45%
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 | 26.97% |
| 2025-09-30 | 26.85% |
| 2025-06-30 | 30.25% |
| 2025-03-31 | 28.46% |
| 2024-12-31 | 26.27% |
| 2024-09-30 | 26.82% |
| 2024-06-30 | 26.21% |
| 2024-03-31 | 25.61% |
| 2023-12-31 | 26.40% |
| 2023-09-30 | 25.95% |
| 2023-06-30 | 26.93% |
| 2023-03-31 | 25.48% |
| 2022-12-31 | 26.40% |
| 2022-09-30 | 26.00% |
| 2022-06-30 | 26.46% |
| 2022-03-31 | 37.25% |
| 2021-12-31 | 22.90% |
| 2021-09-30 | 24.00% |
| 2021-06-30 | 24.90% |
| 2021-03-31 | 26.78% |
| 2020-12-31 | 24.82% |
| 2020-09-30 | 26.52% |
| 2020-06-30 | 292.00% |
| 2020-03-31 | 26.39% |
| 2019-12-31 | 26.09% |
| 2019-09-30 | 26.45% |
| 2019-06-30 | 24.89% |
| 2019-03-31 | 26.86% |
| 2018-12-31 | 25.84% |
| 2018-09-30 | 25.82% |
| 2018-06-30 | 25.72% |
| 2018-03-31 | 24.20% |
| 2017-12-31 | 50.15% |
| 2017-09-30 | 31.51% |
| 2017-06-30 | 31.95% |
| 2017-03-31 | 29.17% |
| 2016-12-31 | 32.53% |
| 2016-09-30 | 32.67% |
| 2016-06-30 | 32.48% |
| 2016-03-31 | 32.81% |
| 2015-12-31 | 32.80% |
| 2015-09-30 | 32.85% |
| 2015-06-30 | 32.80% |
| 2015-03-31 | 32.81% |
| 2014-12-31 | 33.16% |
| 2014-09-30 | 33.42% |
| 2014-06-30 | 31.14% |
| 2014-03-31 | 33.84% |
| 2013-12-31 | 34.48% |
| 2013-09-30 | 34.52% |
| 2013-06-30 | 33.92% |
| 2013-03-31 | 33.01% |
| 2012-12-31 | 27.02% |
| 2012-09-30 | 34.21% |
| 2012-06-30 | 34.34% |
| 2012-03-31 | 32.79% |
| 2011-12-31 | 34.30% |
| 2011-09-30 | 34.29% |
| 2011-06-30 | 34.33% |
| 2011-03-31 | 25.48% |
| 2010-12-31 | 34.21% |
| 2010-09-30 | 34.08% |
| 2010-06-30 | 34.01% |
| 2010-03-31 | 33.98% |
| 2009-12-31 | 33.61% |
| 2009-09-30 | 34.04% |
| 2009-06-30 | 34.48% |
| 2009-03-31 | 33.98% |
| 2008-12-31 | 33.47% |
| 2008-09-30 | 33.51% |
| 2008-06-30 | 33.57% |
| 2008-03-31 | 33.90% |
| 2007-12-31 | 33.91% |
| 2007-09-30 | 33.88% |
| 2007-06-30 | 33.86% |
| 2007-03-31 | 33.82% |
| 2006-12-31 | 33.64% |
| 2006-09-30 | 33.10% |
| 2006-06-30 | 33.61% |
| 2006-03-31 | 33.75% |
| 2005-12-31 | 33.67% |
| 2005-09-30 | 33.66% |
| 2005-06-30 | 33.80% |
| 2005-03-31 | 35.11% |
| 2004-12-31 | 33.62% |
| 2004-09-30 | 33.65% |
| 2004-06-30 | 33.62% |
| 2004-03-31 | 33.62% |
| 2003-12-31 | 35.10% |
| 2003-09-30 | 35.82% |
| 2003-06-30 | 34.15% |
| 2003-03-31 | 34.97% |
| 2002-12-31 | 38.38% |
| 2002-09-30 | 33.86% |
| 2002-06-30 | 37.60% |
