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 18.63% is in line with its 5-year average of 19.70%, around the middle of its 5-year range (12.49%–22.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.98% above its 12-month average of 17.74%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
18.63%
TAX RATE AVG TTM
17.74%
TAX RATE AVG 3Y
18.75%
TAX RATE AVG 5Y
20.10%
TAX RATE AVG 10Y
21.23%
TAX RATE AVG 15Y
28.49%
TAX RATE AVG 20Y
30.38%
CURRENT VS TTM AVG
+4.98%
CURRENT VS 3Y AVG
-0.64%
CURRENT VS 5Y AVG
-7.31%
CURRENT VS 10Y AVG
-12.26%
CURRENT VS 15Y AVG
-34.61%
CURRENT VS 20Y AVG
-38.68%
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 | 18.63% |
| 2026-03-31 | 18.61% |
| 2025-09-30 | 21.24% |
| 2025-06-30 | 12.49% |
| 2025-03-31 | 20.13% |
| 2024-12-31 | 14.83% |
| 2024-09-30 | 17.81% |
| 2024-06-30 | 21.96% |
| 2023-12-31 | 17.26% |
| 2023-09-30 | 21.50% |
| 2023-06-30 | 21.75% |
| 2023-03-31 | 21.25% |
| 2022-12-31 | 21.03% |
| 2022-09-30 | 22.49% |
| 2022-06-30 | 22.00% |
| 2022-03-31 | 21.01% |
| 2021-12-31 | 17.98% |
| 2021-09-30 | 20.78% |
| 2021-06-30 | 21.48% |
| 2021-03-31 | 21.51% |
| 2020-12-31 | 24.52% |
| 2020-09-30 | 23.50% |
| 2020-06-30 | 24.00% |
| 2020-03-31 | 24.00% |
| 2019-12-31 | 21.25% |
| 2019-09-30 | 20.50% |
| 2019-06-30 | 21.75% |
| 2019-03-31 | 19.74% |
| 2018-12-31 | 23.26% |
| 2018-09-30 | 22.49% |
| 2018-06-30 | 22.02% |
| 2018-03-31 | 21.48% |
| 2017-12-31 | -1.42% |
| 2017-09-30 | 32.50% |
| 2017-06-30 | 31.49% |
| 2017-03-31 | 30.00% |
| 2016-12-31 | 41.49% |
| 2016-09-30 | 40.26% |
| 2016-06-30 | 39.97% |
| 2016-03-31 | 39.76% |
| 2015-12-31 | 43.30% |
| 2015-09-30 | 41.99% |
| 2015-06-30 | 42.24% |
| 2015-03-31 | 43.25% |
| 2014-12-31 | 42.23% |
| 2014-09-30 | 41.77% |
| 2014-06-30 | 41.26% |
| 2014-03-31 | 41.97% |
| 2013-12-31 | 37.30% |
| 2013-09-30 | 36.00% |
| 2013-06-30 | 35.46% |
| 2013-03-31 | 36.77% |
| 2012-12-31 | 35.48% |
| 2012-09-30 | 36.50% |
| 2012-06-30 | 35.50% |
| 2012-03-31 | 36.01% |
| 2011-12-31 | 34.99% |
| 2011-09-30 | 34.52% |
| 2011-06-30 | 36.01% |
| 2011-03-31 | 36.00% |
| 2010-12-31 | 38.06% |
| 2010-09-30 | 36.97% |
| 2010-06-30 | 36.98% |
| 2010-03-31 | 37.02% |
| 2009-12-31 | 34.03% |
| 2009-09-30 | 32.75% |
| 2009-06-30 | 33.97% |
| 2009-03-31 | 35.98% |
| 2008-12-31 | 35.41% |
| 2008-09-30 | 35.75% |
| 2008-06-30 | 33.79% |
| 2008-03-31 | 36.24% |
| 2007-12-31 | 35.49% |
| 2007-09-30 | 36.26% |
| 2007-06-30 | 36.73% |
| 2007-03-31 | 36.77% |
| 2006-12-31 | 36.56% |
| 2006-09-30 | 35.87% |
| 2006-06-30 | 36.75% |
| 2006-03-31 | 35.95% |
| 2005-12-31 | 39.67% |
| 2005-09-30 | 36.56% |
| 2005-06-30 | 36.29% |
| 2005-03-31 | 35.45% |
| 2004-12-31 | 35.51% |
| 2004-09-30 | 34.03% |
| 2004-06-30 | 35.01% |
| 2004-03-31 | 34.98% |
| 2003-12-31 | 35.50% |
| 2003-09-30 | 35.59% |
| 2003-06-30 | 35.91% |
| 2003-03-31 | 36.03% |
| 2002-12-31 | 35.43% |
| 2002-09-30 | 35.58% |
