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 21.34% is in line with its 5-year average of 19.83%, near the high end of its 5-year range (12.91%–21.56%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.83% above its 12-month average of 20.75%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.34%
TAX RATE AVG TTM
20.75%
TAX RATE AVG 3Y
20.77%
TAX RATE AVG 5Y
20.50%
TAX RATE AVG 10Y
20.47%
TAX RATE AVG 15Y
24.70%
TAX RATE AVG 20Y
26.25%
CURRENT VS TTM AVG
+2.83%
CURRENT VS 3Y AVG
+2.73%
CURRENT VS 5Y AVG
+4.07%
CURRENT VS 10Y AVG
+4.24%
CURRENT VS 15Y AVG
-13.64%
CURRENT VS 20Y AVG
-18.72%
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 | 21.34% |
| 2026-03-31 | 20.98% |
| 2025-12-31 | 19.85% |
| 2025-09-30 | 21.31% |
| 2025-06-30 | 20.27% |
| 2025-03-31 | 20.67% |
| 2024-12-31 | 20.60% |
| 2024-09-30 | 20.76% |
| 2024-06-30 | 21.56% |
| 2024-03-31 | 20.71% |
| 2023-12-31 | 20.60% |
| 2023-09-30 | 20.49% |
| 2023-06-30 | 20.73% |
| 2023-03-31 | 19.21% |
| 2022-12-31 | 19.40% |
| 2022-09-30 | 12.91% |
| 2022-03-31 | 19.55% |
| 2021-12-31 | 20.07% |
| 2021-09-30 | 14.75% |
| 2021-06-30 | 20.93% |
| 2021-03-31 | 20.77% |
| 2020-12-31 | 20.03% |
| 2020-09-30 | 20.42% |
| 2020-06-30 | 21.09% |
| 2020-03-31 | 20.08% |
| 2019-12-31 | 19.74% |
| 2019-09-30 | 16.50% |
| 2019-06-30 | 21.28% |
| 2019-03-31 | 30.92% |
| 2018-12-31 | -7.27% |
| 2018-09-30 | 17.72% |
| 2018-06-30 | 20.33% |
| 2018-03-31 | 19.87% |
| 2017-12-31 | 16.07% |
| 2017-09-30 | 14.56% |
| 2017-06-30 | 32.80% |
| 2017-03-31 | 32.92% |
| 2016-12-31 | 25.93% |
| 2016-09-30 | 20.50% |
| 2016-06-30 | 32.16% |
| 2016-03-31 | 33.22% |
| 2015-12-31 | 31.94% |
| 2015-09-30 | 33.22% |
| 2015-06-30 | 29.85% |
| 2015-03-31 | 33.30% |
| 2014-12-31 | 32.25% |
| 2014-09-30 | 32.98% |
| 2014-06-30 | 32.92% |
| 2014-03-31 | 33.31% |
| 2013-12-31 | 29.56% |
| 2013-09-30 | 32.64% |
| 2013-06-30 | 33.25% |
| 2013-03-31 | 33.36% |
| 2012-12-31 | 29.53% |
| 2012-09-30 | 32.83% |
| 2012-06-30 | 29.28% |
| 2012-03-31 | 32.93% |
| 2011-12-31 | 31.62% |
| 2011-09-30 | 27.72% |
| 2011-06-30 | 31.45% |
| 2011-03-31 | 33.46% |
| 2010-12-31 | 29.80% |
| 2010-09-30 | 32.44% |
| 2010-06-30 | 32.28% |
| 2010-03-31 | 32.65% |
| 2009-12-31 | 32.86% |
| 2009-09-30 | 27.45% |
| 2009-06-30 | 29.33% |
| 2009-03-31 | 38.28% |
| 2008-12-31 | 27.23% |
| 2008-06-30 | 28.76% |
| 2008-03-31 | 29.00% |
| 2007-12-31 | 28.63% |
| 2007-09-30 | 29.20% |
| 2007-06-30 | 30.28% |
| 2007-03-31 | 31.76% |
| 2006-12-31 | 32.13% |
| 2006-09-30 | 32.08% |
| 2006-06-30 | 32.35% |
| 2006-03-31 | 32.57% |
| 2005-12-31 | 31.27% |
| 2005-09-30 | 31.82% |
| 2005-06-30 | 32.79% |
| 2005-03-31 | 32.86% |
| 2004-12-31 | 33.06% |
| 2004-09-30 | 32.88% |
| 2004-06-30 | 32.82% |
| 2004-03-31 | 32.22% |
| 2003-12-31 | 32.04% |
| 2003-09-30 | 32.69% |
| 2003-06-30 | 32.60% |
| 2003-03-31 | 32.73% |
| 2002-12-31 | 30.66% |
| 2002-09-30 | 32.31% |
