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 23.48% is 11% above its 5-year average of 21.09%, around the middle of its 5-year range (17.30%–31.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.70% above its 12-month average of 22.64%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.48%
TAX RATE AVG TTM
22.64%
TAX RATE AVG 3Y
21.50%
TAX RATE AVG 5Y
21.09%
TAX RATE AVG 10Y
22.66%
TAX RATE AVG 15Y
25.30%
TAX RATE AVG 20Y
28.81%
CURRENT VS TTM AVG
+3.70%
CURRENT VS 3Y AVG
+9.20%
CURRENT VS 5Y AVG
+11.34%
CURRENT VS 10Y AVG
+3.61%
CURRENT VS 15Y AVG
-7.18%
CURRENT VS 20Y AVG
-18.51%
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 | 23.48% |
| 2026-03-31 | 21.17% |
| 2025-12-31 | 24.95% |
| 2025-09-30 | 20.84% |
| 2025-06-30 | 22.77% |
| 2025-03-31 | 21.72% |
| 2024-12-31 | 22.89% |
| 2024-09-30 | 23.01% |
| 2024-06-30 | 21.26% |
| 2024-03-31 | 18.84% |
| 2023-12-31 | 18.89% |
| 2023-09-30 | 18.19% |
| 2023-06-30 | 31.06% |
| 2023-03-31 | 17.94% |
| 2022-12-31 | 20.45% |
| 2022-09-30 | 17.62% |
| 2022-06-30 | 24.44% |
| 2022-03-31 | 30.42% |
| 2021-12-31 | 17.30% |
| 2021-09-30 | 19.83% |
| 2021-06-30 | 25.09% |
| 2021-03-31 | 23.48% |
| 2020-12-31 | 21.09% |
| 2020-09-30 | 21.70% |
| 2020-06-30 | 21.67% |
| 2020-03-31 | 21.44% |
| 2019-12-31 | 19.84% |
| 2019-09-30 | 22.21% |
| 2019-06-30 | 23.02% |
| 2019-03-31 | 19.96% |
| 2018-12-31 | 17.91% |
| 2018-09-30 | 20.39% |
| 2018-06-30 | 23.74% |
| 2018-03-31 | 21.59% |
| 2017-12-31 | 49.24% |
| 2017-09-30 | 27.21% |
| 2017-06-30 | 28.59% |
| 2017-03-31 | 29.62% |
| 2016-12-31 | 28.73% |
| 2016-09-30 | 29.49% |
| 2016-06-30 | 32.35% |
| 2016-03-31 | 31.57% |
| 2015-12-31 | 28.13% |
| 2015-09-30 | 26.05% |
| 2015-06-30 | 32.69% |
| 2015-03-31 | 32.16% |
| 2014-09-30 | 39.27% |
| 2014-06-30 | 32.20% |
| 2014-03-31 | 33.17% |
| 2013-12-31 | 29.26% |
| 2013-09-30 | 31.30% |
| 2013-06-30 | 35.00% |
| 2013-03-31 | 33.84% |
| 2012-12-31 | 10.64% |
| 2012-09-30 | 16.14% |
| 2012-06-30 | 31.01% |
| 2012-03-31 | 49.00% |
| 2011-12-31 | 36.30% |
| 2011-09-30 | 36.35% |
| 2011-06-30 | 35.96% |
| 2011-03-31 | 36.87% |
| 2010-12-31 | 36.40% |
| 2010-09-30 | 36.18% |
| 2010-06-30 | 36.41% |
| 2010-03-31 | 36.38% |
| 2009-12-31 | 36.40% |
| 2009-09-30 | 36.40% |
| 2009-06-30 | 36.40% |
| 2009-03-31 | 36.40% |
| 2008-12-31 | 37.50% |
| 2008-09-30 | 37.50% |
| 2008-06-30 | 37.50% |
| 2008-03-31 | 37.50% |
| 2007-12-31 | 37.50% |
| 2007-09-30 | 37.50% |
| 2007-06-30 | 37.50% |
| 2007-03-31 | 37.73% |
| 2006-12-31 | 37.20% |
| 2006-09-30 | 37.20% |
| 2006-06-30 | 37.20% |
| 2006-03-31 | 37.20% |
| 2005-12-31 | 40.35% |
| 2005-09-30 | 37.20% |
| 2005-06-30 | 37.20% |
| 2005-03-31 | 37.00% |
| 2004-12-31 | 37.00% |
| 2004-09-30 | 37.00% |
| 2004-06-30 | 37.00% |
| 2004-03-31 | 14.61% |
| 2003-12-31 | 43.33% |
| 2003-09-30 | 36.87% |
| 2003-06-30 | 37.20% |
| 2003-03-31 | 38.60% |
| 2002-12-31 | 37.50% |
| 2002-09-30 | 34.88% |
