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 25.73% is in line with its 4-year average of 24.19%, around the middle of its 4-year range (-210.52%–304.54%).
As of the fiscal period ended Tuesday, March 31, 2026. 14.67% above its 12-month average of 22.44%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.73%
TAX RATE AVG TTM
22.44%
TAX RATE AVG 3Y
21.55%
TAX RATE AVG 5Y
21.34%
TAX RATE AVG 10Y
21.11%
TAX RATE AVG 15Y
26.64%
TAX RATE AVG 20Y
29.75%
CURRENT VS TTM AVG
+14.67%
CURRENT VS 3Y AVG
+19.38%
CURRENT VS 5Y AVG
+20.60%
CURRENT VS 10Y AVG
+21.91%
CURRENT VS 15Y AVG
-3.42%
CURRENT VS 20Y AVG
-13.53%
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 | 25.73% |
| 2025-12-31 | 12.00% |
| 2025-09-30 | 23.87% |
| 2025-06-30 | 24.75% |
| 2025-03-31 | 25.84% |
| 2024-12-31 | 11.85% |
| 2024-09-30 | 23.88% |
| 2024-06-30 | 25.20% |
| 2024-03-31 | 23.75% |
| 2023-12-31 | 19.39% |
| 2023-09-30 | 19.20% |
| 2023-06-30 | 21.95% |
| 2023-03-31 | 22.78% |
| 2022-12-31 | 27.96% |
| 2022-09-30 | 17.69% |
| 2022-06-30 | -210.52% |
| 2022-03-31 | 304.54% |
| 2021-09-30 | 15.52% |
| 2020-09-30 | 34.00% |
| 2020-06-30 | -19.13% |
| 2020-03-31 | 22.33% |
| 2019-12-31 | 16.74% |
| 2019-09-30 | 18.47% |
| 2019-06-30 | 13.54% |
| 2019-03-31 | 29.71% |
| 2018-09-30 | 55.20% |
| 2018-06-30 | 56.31% |
| 2016-09-30 | 20.71% |
| 2016-06-30 | 19.21% |
| 2016-03-31 | 11.55% |
| 2015-09-30 | 32.06% |
| 2015-06-30 | 42.38% |
| 2015-03-31 | 236.61% |
| 2014-09-30 | 25.73% |
| 2014-06-30 | 43.11% |
| 2014-03-31 | 36.76% |
| 2013-12-31 | 35.14% |
| 2013-09-30 | -1.13% |
| 2013-06-30 | 25.61% |
| 2013-03-31 | 23.48% |
| 2012-12-31 | 32.48% |
| 2012-09-30 | 34.56% |
| 2012-06-30 | 33.60% |
| 2012-03-31 | 38.12% |
| 2011-06-30 | 39.66% |
| 2011-03-31 | 38.27% |
| 2010-12-31 | 34.29% |
| 2010-06-30 | 34.89% |
| 2010-03-31 | 35.24% |
| 2009-12-31 | 35.19% |
| 2009-09-30 | 31.20% |
| 2009-06-30 | 35.10% |
| 2009-03-31 | 35.10% |
| 2008-12-31 | 35.10% |
| 2008-09-30 | 31.89% |
| 2008-06-30 | 37.75% |
| 2008-03-31 | 35.77% |
| 2007-12-31 | 36.49% |
| 2007-09-30 | 35.36% |
| 2007-06-30 | 35.44% |
| 2007-03-31 | 34.43% |
| 2006-12-31 | 52.12% |
| 2006-09-30 | -2.80% |
| 2006-07-31 | 44.15% |
| 2006-04-30 | 42.43% |
| 2006-01-31 | 36.88% |
| 2005-10-31 | 48.95% |
| 2005-07-31 | 24.53% |
| 2004-07-31 | -12.01% |
| 2004-04-30 | 37.17% |
| 2004-01-31 | 36.69% |
| 2003-10-31 | 65.97% |
| 2003-07-31 | 37.74% |
| 2003-04-30 | 37.37% |
| 2003-01-31 | 37.17% |
| 2002-10-31 | 38.78% |
| 2002-07-31 | 36.44% |
