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 24.08% is in line with its 5-year average of 22.27%, around the middle of its 5-year range (9.31%–35.60%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.29% above its 12-month average of 22.66%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
24.08%
TAX RATE AVG TTM
22.66%
TAX RATE AVG 3Y
23.45%
TAX RATE AVG 5Y
22.25%
TAX RATE AVG 10Y
22.90%
TAX RATE AVG 15Y
27.15%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+6.29%
CURRENT VS 3Y AVG
+2.68%
CURRENT VS 5Y AVG
+8.26%
CURRENT VS 10Y AVG
+5.16%
CURRENT VS 15Y AVG
-11.28%
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 |
|---|---|
| 2026-03-31 | 24.08% |
| 2025-12-31 | 19.48% |
| 2025-09-30 | 25.36% |
| 2025-06-30 | 22.75% |
| 2025-03-31 | 21.63% |
| 2024-12-31 | 26.03% |
| 2024-09-30 | 22.89% |
| 2024-06-30 | 21.68% |
| 2024-03-31 | 20.28% |
| 2023-12-31 | 24.89% |
| 2023-09-30 | 24.95% |
| 2023-06-30 | 23.83% |
| 2023-03-31 | 27.08% |
| 2022-12-31 | 9.31% |
| 2022-09-30 | 24.15% |
| 2022-06-30 | 19.18% |
| 2022-03-31 | 17.40% |
| 2021-12-31 | 13.64% |
| 2021-09-30 | 20.92% |
| 2021-06-30 | 35.60% |
| 2021-03-31 | 22.47% |
| 2020-12-31 | 18.43% |
| 2020-09-30 | 22.58% |
| 2020-06-30 | 20.37% |
| 2020-03-31 | 20.77% |
| 2019-12-31 | 23.18% |
| 2019-09-30 | 15.42% |
| 2019-06-30 | 19.70% |
| 2019-03-31 | 20.99% |
| 2018-12-31 | 18.60% |
| 2018-09-30 | 13.90% |
| 2018-06-30 | 17.03% |
| 2018-03-31 | 18.05% |
| 2017-12-31 | -14.17% |
| 2017-09-30 | 33.20% |
| 2017-06-30 | 28.78% |
| 2017-03-31 | 32.51% |
| 2016-12-31 | 32.91% |
| 2016-09-30 | 25.99% |
| 2016-06-30 | 33.50% |
| 2016-03-31 | 31.69% |
| 2015-12-31 | 30.27% |
| 2015-09-30 | 31.78% |
| 2015-06-30 | 17.79% |
| 2015-03-31 | 37.90% |
| 2014-12-31 | 37.81% |
| 2014-09-30 | 37.22% |
| 2014-06-30 | 37.87% |
| 2014-03-31 | 35.74% |
| 2013-12-31 | 36.84% |
| 2013-09-30 | 36.04% |
| 2013-06-30 | 35.89% |
| 2013-03-31 | 36.59% |
| 2012-12-31 | 28.99% |
| 2012-09-30 | 39.31% |
| 2012-06-30 | 39.47% |
| 2012-03-31 | 39.35% |
| 2011-12-31 | 35.48% |
| 2011-09-30 | 39.24% |
| 2011-06-30 | 39.86% |
| 2011-03-31 | 40.14% |
| 2010-12-31 | 37.00% |
| 2010-09-30 | 40.29% |
| 2010-06-30 | 40.86% |
| 2010-03-31 | 43.50% |
| 2009-12-31 | 120.72% |
| 2009-09-30 | 44.02% |
| 2009-06-30 | 42.15% |
| 2009-03-31 | 42.92% |
| 2008-12-31 | 45.45% |
| 2008-09-30 | 41.10% |
| 2008-06-30 | 44.45% |
| 2008-03-31 | 42.14% |
