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 22.76% is in line with its 5-year average of 22.30%, near the high end of its 5-year range (13.84%–25.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.07% below its 12-month average of 23.72%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.76%
TAX RATE AVG TTM
23.72%
TAX RATE AVG 3Y
22.96%
TAX RATE AVG 5Y
22.30%
TAX RATE AVG 10Y
21.40%
TAX RATE AVG 15Y
28.20%
TAX RATE AVG 20Y
30.72%
CURRENT VS TTM AVG
-4.07%
CURRENT VS 3Y AVG
-0.86%
CURRENT VS 5Y AVG
+2.06%
CURRENT VS 10Y AVG
+6.37%
CURRENT VS 15Y AVG
-19.29%
CURRENT VS 20Y AVG
-25.91%
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 | 22.76% |
| 2026-03-31 | 22.65% |
| 2025-12-31 | 24.20% |
| 2025-09-30 | 23.62% |
| 2025-06-30 | 25.41% |
| 2025-03-31 | 22.83% |
| 2024-09-30 | 23.00% |
| 2024-06-30 | 22.64% |
| 2024-03-31 | 20.59% |
| 2023-12-31 | 21.54% |
| 2023-09-30 | 21.55% |
| 2023-06-30 | 24.68% |
| 2023-03-31 | 21.56% |
| 2022-12-31 | 22.70% |
| 2022-09-30 | 17.05% |
| 2022-06-30 | 20.64% |
| 2022-03-31 | 21.31% |
| 2021-12-31 | 21.53% |
| 2021-09-30 | 13.84% |
| 2021-06-30 | 21.28% |
| 2021-03-31 | 20.09% |
| 2020-12-31 | 16.75% |
| 2020-09-30 | 17.56% |
| 2020-03-31 | 16.74% |
| 2019-12-31 | 17.71% |
| 2019-09-30 | 21.19% |
| 2019-06-30 | 21.09% |
| 2019-03-31 | 18.21% |
| 2018-12-31 | 20.16% |
| 2018-09-30 | 25.68% |
| 2018-06-30 | 23.47% |
| 2018-03-31 | 20.30% |
| 2017-12-31 | -115.84% |
| 2017-09-30 | 34.29% |
| 2017-06-30 | 29.83% |
| 2016-12-31 | 24.15% |
| 2016-09-30 | 32.34% |
| 2016-06-30 | 35.51% |
| 2016-03-31 | 39.18% |
| 2015-12-31 | 38.94% |
| 2015-06-30 | 39.19% |
| 2015-03-31 | 39.40% |
| 2014-12-31 | 38.63% |
| 2014-09-30 | 39.60% |
| 2014-06-30 | 39.19% |
| 2014-03-31 | 40.81% |
| 2013-12-31 | 39.20% |
| 2013-09-30 | 38.19% |
| 2013-06-30 | 39.27% |
| 2013-03-31 | 39.28% |
| 2012-12-31 | 43.23% |
| 2012-09-30 | 36.40% |
| 2012-06-30 | 39.20% |
| 2012-03-31 | 41.33% |
| 2011-12-31 | 39.12% |
| 2011-09-30 | 39.12% |
| 2011-06-30 | 39.40% |
| 2011-03-31 | 38.95% |
| 2010-12-31 | 38.71% |
| 2010-09-30 | 39.24% |
| 2010-06-30 | 39.27% |
| 2010-03-31 | 41.66% |
| 2009-12-31 | 38.10% |
| 2009-09-30 | 35.97% |
| 2009-06-30 | 35.27% |
| 2009-03-31 | 38.73% |
| 2008-12-31 | 28.31% |
| 2008-09-30 | 35.29% |
| 2008-06-30 | 39.28% |
| 2008-03-31 | 39.31% |
| 2007-12-31 | 39.24% |
| 2007-09-30 | 34.87% |
| 2007-06-30 | 39.41% |
| 2007-03-31 | 37.51% |
| 2006-12-31 | 38.49% |
| 2006-09-30 | 39.88% |
| 2006-06-30 | 37.82% |
| 2006-03-31 | 37.00% |
| 2005-12-31 | 53.17% |
| 2005-09-30 | 31.77% |
| 2005-06-30 | 33.86% |
| 2005-03-31 | 34.22% |
| 2004-12-31 | 36.63% |
| 2004-09-30 | 35.36% |
| 2004-06-30 | 37.30% |
| 2004-03-31 | 37.15% |
| 2003-12-31 | 34.52% |
| 2003-09-30 | 36.80% |
| 2003-06-30 | 37.00% |
| 2003-03-31 | 37.00% |
| 2002-12-31 | 37.00% |
| 2002-09-30 | 37.52% |
