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 21.77% is in line with its 5-year average of 21.39%, near the high end of its 5-year range (-43.30%–24.92%).
As of the fiscal period ended Friday, July 31, 2026. 8.35% below its 12-month average of 23.76%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.77%
TAX RATE AVG TTM
23.76%
TAX RATE AVG 3Y
22.60%
TAX RATE AVG 5Y
21.39%
TAX RATE AVG 10Y
15.66%
TAX RATE AVG 15Y
21.16%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-8.35%
CURRENT VS 3Y AVG
-3.66%
CURRENT VS 5Y AVG
+1.77%
CURRENT VS 10Y AVG
+39.06%
CURRENT VS 15Y AVG
+2.87%
CURRENT VS 20Y AVG
N/A
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 |
|---|---|
| 2026-07-31 | 21.77% |
| 2026-04-30 | 24.92% |
| 2026-01-31 | 23.09% |
| 2025-10-31 | 24.48% |
| 2025-07-31 | 24.52% |
| 2025-04-30 | 23.64% |
| 2025-01-31 | 20.20% |
| 2024-10-31 | 23.31% |
| 2024-07-31 | 24.00% |
| 2024-04-30 | 21.86% |
| 2024-01-31 | 19.32% |
| 2023-10-31 | 20.81% |
| 2023-07-31 | 21.87% |
| 2023-04-30 | -43.30% |
| 2023-01-31 | -39.28% |
| 2022-10-31 | 18.98% |
| 2022-07-31 | 17.25% |
| 2022-04-30 | 23.21% |
| 2022-01-31 | 18.73% |
| 2021-10-31 | 20.72% |
| 2021-07-31 | 13.80% |
| 2021-04-30 | 13.11% |
| 2021-01-31 | 2.25% |
| 2020-10-31 | 7.45% |
| 2020-07-31 | -0.63% |
| 2020-04-30 | 4.85% |
| 2020-01-31 | -1.45% |
| 2019-10-31 | 8.56% |
| 2019-07-31 | 2.40% |
| 2019-04-30 | 5.02% |
| 2019-01-31 | -3.59% |
| 2018-10-31 | 5.34% |
| 2018-07-31 | 10.46% |
| 2018-04-30 | 3.87% |
| 2018-01-31 | 2.13% |
| 2017-10-31 | 20.36% |
| 2017-07-31 | 5.68% |
| 2017-04-30 | 6.23% |
| 2017-01-31 | 32.77% |
| 2016-10-31 | 37.00% |
| 2016-07-31 | 42.31% |
| 2016-04-30 | 39.14% |
| 2016-01-31 | -18.76% |
| 2015-10-31 | 48.13% |
| 2015-07-31 | 38.81% |
| 2015-04-30 | 40.14% |
| 2015-01-31 | 29.95% |
| 2014-10-31 | 45.87% |
| 2014-07-31 | 42.59% |
| 2014-04-30 | 42.36% |
| 2014-01-31 | 42.91% |
| 2013-10-31 | 35.46% |
| 2013-07-31 | 38.63% |
| 2013-04-30 | 36.86% |
| 2013-01-31 | 35.11% |
| 2012-10-31 | 35.10% |
