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 21.56% is in line with its 5-year average of 21.89%, around the middle of its 5-year range (11.89%–31.58%).
As of the fiscal period ended Tuesday, March 31, 2026. 5.61% above its 12-month average of 20.41%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.56%
TAX RATE AVG TTM
20.41%
TAX RATE AVG 3Y
22.30%
TAX RATE AVG 5Y
21.38%
TAX RATE AVG 10Y
21.89%
TAX RATE AVG 15Y
22.74%
TAX RATE AVG 20Y
24.48%
CURRENT VS TTM AVG
+5.61%
CURRENT VS 3Y AVG
-3.31%
CURRENT VS 5Y AVG
+0.83%
CURRENT VS 10Y AVG
-1.50%
CURRENT VS 15Y AVG
-5.18%
CURRENT VS 20Y AVG
-11.94%
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 | 21.56% |
| 2025-12-31 | 14.86% |
| 2025-09-30 | 23.00% |
| 2025-06-30 | 22.04% |
| 2025-03-31 | 20.60% |
| 2024-12-31 | 12.65% |
| 2024-09-30 | 28.89% |
| 2024-06-30 | 23.33% |
| 2024-03-31 | 21.65% |
| 2023-12-31 | 31.32% |
| 2023-09-30 | 23.45% |
| 2023-06-30 | 22.76% |
| 2023-03-31 | 11.89% |
| 2022-12-31 | 18.90% |
| 2022-09-30 | 31.58% |
| 2022-06-30 | 24.11% |
| 2022-03-31 | 16.61% |
| 2021-12-31 | 18.02% |
| 2021-09-30 | 22.63% |
| 2021-06-30 | 22.55% |
| 2021-03-31 | 27.28% |
| 2020-12-31 | 17.90% |
| 2020-09-30 | 22.08% |
| 2020-06-30 | 22.53% |
| 2020-03-31 | 16.89% |
| 2019-12-31 | 14.11% |
| 2019-09-30 | 19.69% |
| 2019-06-30 | 19.39% |
| 2019-03-31 | 14.33% |
| 2018-12-31 | 19.26% |
| 2018-09-30 | 18.44% |
| 2018-06-30 | 19.99% |
| 2018-03-31 | -10.11% |
| 2017-09-30 | 26.19% |
| 2017-06-30 | 29.00% |
| 2017-03-31 | -7.87% |
| 2016-12-31 | 23.54% |
| 2016-09-30 | 26.71% |
| 2016-06-30 | 30.03% |
| 2016-03-31 | 32.02% |
| 2015-12-31 | 31.87% |
| 2015-09-30 | 26.45% |
| 2015-06-30 | 28.51% |
| 2014-12-31 | 33.99% |
| 2014-09-30 | 31.43% |
| 2014-06-30 | 27.88% |
| 2014-03-31 | 29.58% |
| 2013-12-31 | -34.42% |
| 2013-09-30 | 20.39% |
| 2013-06-30 | 16.95% |
| 2012-12-31 | 12.60% |
| 2012-09-30 | -237.46% |
| 2011-09-30 | 57.10% |
| 2010-09-30 | -133.13% |
| 2009-09-30 | -14.27% |
| 2009-06-30 | 38.23% |
| 2008-09-30 | 26.02% |
| 2008-06-30 | 31.01% |
| 2008-03-31 | 32.06% |
| 2007-12-31 | 26.67% |
| 2007-09-30 | 30.42% |
| 2007-06-30 | 31.63% |
| 2007-03-31 | 32.85% |
| 2006-12-31 | 31.13% |
| 2006-09-30 | 30.98% |
| 2006-06-30 | 33.45% |
| 2006-03-31 | 33.09% |
| 2005-12-31 | 27.49% |
| 2005-09-30 | 25.79% |
| 2005-06-30 | 30.98% |
| 2005-03-31 | 34.16% |
| 2004-12-31 | 29.53% |
| 2004-09-30 | 34.75% |
| 2004-06-30 | 25.37% |
| 2004-03-31 | 31.40% |
| 2003-12-31 | 31.14% |
| 2003-09-30 | 24.83% |
| 2003-06-30 | 29.99% |
| 2003-03-31 | 30.33% |
| 2002-12-31 | 22.06% |
| 2002-09-30 | 24.31% |
| 2002-06-30 | 29.39% |
