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 39.49% is 67% above its 5-year average of 23.65%, near the high end of its 5-year range (-58.16%–42.61%).
As of the fiscal period ended Tuesday, March 31, 2026. 12.48% above its 12-month average of 35.10%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
39.49%
TAX RATE AVG TTM
35.10%
TAX RATE AVG 3Y
31.00%
TAX RATE AVG 5Y
28.44%
TAX RATE AVG 10Y
28.90%
TAX RATE AVG 15Y
33.34%
TAX RATE AVG 20Y
35.64%
CURRENT VS TTM AVG
+12.48%
CURRENT VS 3Y AVG
+27.36%
CURRENT VS 5Y AVG
+38.83%
CURRENT VS 10Y AVG
+36.62%
CURRENT VS 15Y AVG
+18.44%
CURRENT VS 20Y AVG
+10.81%
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 | 39.49% |
| 2025-12-31 | 42.61% |
| 2025-09-30 | 27.79% |
| 2025-06-30 | 36.59% |
| 2025-03-31 | 29.05% |
| 2024-09-30 | 28.48% |
| 2024-06-30 | 28.44% |
| 2024-03-31 | 30.10% |
| 2023-12-31 | 23.16% |
| 2023-09-30 | 23.99% |
| 2023-06-30 | 35.19% |
| 2023-03-31 | 27.16% |
| 2022-12-31 | 19.71% |
| 2022-09-30 | 24.73% |
| 2022-06-30 | 24.69% |
| 2022-03-31 | -58.16% |
| 2021-12-31 | 23.10% |
| 2021-09-30 | 31.80% |
| 2021-06-30 | 30.07% |
| 2021-03-31 | 5.08% |
| 2019-06-30 | 32.52% |
| 2019-03-31 | 26.29% |
| 2018-12-31 | 13.48% |
| 2018-09-30 | 27.53% |
| 2018-06-30 | 26.26% |
| 2018-03-31 | 32.38% |
| 2017-12-31 | -653.03% |
| 2017-09-30 | 30.91% |
| 2017-06-30 | 35.98% |
| 2017-03-31 | 47.27% |
| 2015-06-30 | 72.65% |
| 2014-09-30 | 41.19% |
| 2014-06-30 | 41.07% |
| 2014-03-31 | 41.12% |
| 2013-12-31 | 37.19% |
| 2013-09-30 | 39.58% |
| 2013-06-30 | 42.06% |
| 2013-03-31 | 38.31% |
| 2012-12-31 | 40.62% |
| 2012-09-30 | 38.27% |
| 2012-06-30 | 41.55% |
| 2012-03-31 | 42.20% |
| 2011-12-31 | 37.82% |
| 2011-09-30 | 37.98% |
| 2011-06-30 | 37.92% |
| 2011-03-31 | 44.62% |
| 2010-12-31 | 35.85% |
| 2010-09-30 | 41.25% |
| 2010-06-30 | 40.78% |
| 2010-03-31 | 40.46% |
| 2009-12-31 | 43.17% |
| 2009-09-30 | 38.50% |
| 2009-06-30 | 39.95% |
| 2009-03-31 | 41.62% |
| 2008-12-31 | 22.14% |
| 2008-09-30 | 40.69% |
| 2008-06-30 | 41.74% |
| 2008-03-31 | 41.80% |
| 2007-12-31 | 42.16% |
| 2007-09-30 | 39.74% |
| 2007-06-30 | 44.05% |
| 2007-03-31 | 38.00% |
| 2006-12-31 | 46.27% |
| 2006-09-30 | 44.01% |
| 2006-06-30 | 42.89% |
| 2006-03-31 | 44.05% |
| 2005-12-31 | 40.75% |
| 2005-09-30 | 26.60% |
| 2005-06-30 | 2.95% |
| 2005-03-31 | 42.90% |
| 2004-12-31 | 42.11% |
| 2004-09-30 | 40.03% |
| 2004-06-30 | 39.69% |
| 2004-03-31 | 42.47% |
| 2003-12-31 | 40.16% |
| 2003-09-30 | 40.21% |
| 2003-06-30 | 43.67% |
| 2003-03-31 | 43.76% |
| 2002-12-31 | 42.93% |
| 2002-09-30 | -54.55% |
| 2002-06-30 | 47.84% |
