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 25.69% is in line with its 5-year average of 24.85%, around the middle of its 5-year range (16.81%–33.26%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.71% above its 12-month average of 25.26%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
25.69%
TAX RATE AVG TTM
25.26%
TAX RATE AVG 3Y
25.81%
TAX RATE AVG 5Y
24.83%
TAX RATE AVG 10Y
25.51%
TAX RATE AVG 15Y
28.99%
TAX RATE AVG 20Y
28.70%
CURRENT VS TTM AVG
+1.71%
CURRENT VS 3Y AVG
-0.48%
CURRENT VS 5Y AVG
+3.46%
CURRENT VS 10Y AVG
+0.70%
CURRENT VS 15Y AVG
-11.37%
CURRENT VS 20Y AVG
-10.48%
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 | 25.69% |
| 2025-12-31 | 26.46% |
| 2025-09-30 | 26.97% |
| 2025-06-30 | 20.92% |
| 2025-03-31 | 26.24% |
| 2024-12-31 | 24.95% |
| 2024-09-30 | 25.02% |
| 2024-06-30 | 28.17% |
| 2024-03-31 | 27.48% |
| 2023-12-31 | 16.81% |
| 2023-09-30 | 27.65% |
| 2023-06-30 | 20.08% |
| 2023-03-31 | 24.39% |
| 2022-12-31 | 22.53% |
| 2022-06-30 | 26.12% |
| 2022-03-31 | 23.36% |
| 2021-12-31 | 24.39% |
| 2021-09-30 | 33.26% |
| 2021-06-30 | 20.22% |
| 2021-03-31 | 26.30% |
| 2019-09-30 | 29.69% |
| 2019-06-30 | 28.48% |
| 2019-03-31 | 26.72% |
| 2018-09-30 | 26.49% |
| 2018-06-30 | 34.15% |
| 2018-03-31 | 31.63% |
| 2017-12-31 | 26.68% |
| 2017-09-30 | 23.14% |
| 2017-06-30 | 19.89% |
| 2017-03-31 | 25.35% |
| 2016-12-31 | 26.86% |
| 2016-09-30 | 20.25% |
| 2016-03-31 | 238.16% |
| 2015-06-30 | 50.00% |
| 2014-12-31 | 69.12% |
| 2014-09-30 | 35.82% |
| 2014-06-30 | 64.12% |
| 2014-03-31 | 35.38% |
| 2013-12-31 | 55.66% |
| 2013-09-30 | 26.83% |
| 2013-06-30 | 41.93% |
| 2013-03-31 | 42.15% |
| 2012-09-30 | 31.41% |
| 2012-06-30 | 70.68% |
| 2012-03-31 | 35.96% |
| 2011-12-31 | 30.36% |
| 2011-09-30 | 33.42% |
| 2011-06-30 | 46.01% |
| 2011-03-31 | 49.76% |
| 2010-12-31 | 31.38% |
| 2010-09-30 | 28.13% |
| 2010-06-30 | 45.18% |
| 2010-03-31 | 34.21% |
| 2009-12-31 | 5.77% |
| 2009-09-30 | 26.39% |
| 2008-09-30 | 28.74% |
| 2008-06-30 | 28.60% |
| 2008-03-31 | 30.40% |
| 2007-12-31 | -13.04% |
| 2007-09-30 | 26.38% |
| 2007-06-30 | 20.93% |
| 2007-03-31 | 29.60% |
| 2006-12-31 | 33.39% |
| 2006-09-30 | 31.00% |
| 2006-06-30 | -6.02% |
| 2006-03-31 | 37.05% |
| 2005-12-31 | 35.88% |
| 2005-09-30 | 37.12% |
| 2005-06-30 | 42.74% |
| 2005-03-31 | 47.62% |
| 2004-12-31 | 33.51% |
| 2004-09-30 | 34.88% |
| 2004-06-30 | 39.68% |
| 2004-03-31 | 18.72% |
| 2003-12-31 | 35.40% |
| 2003-09-30 | 36.15% |
| 2003-06-30 | 62.18% |
| 2003-03-31 | 34.04% |
| 2002-12-31 | 34.80% |
| 2002-09-30 | 36.61% |
| 2002-06-30 | 28.77% |
