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 23.64% is in line with its 5-year average of 22.44%, near the high end of its 5-year range (-33.03%–26.33%).
As of the fiscal period ended Sunday, May 31, 2026. 3.60% above its 12-month average of 22.82%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
23.64%
TAX RATE AVG TTM
22.82%
TAX RATE AVG 3Y
23.00%
TAX RATE AVG 5Y
22.44%
TAX RATE AVG 10Y
22.08%
TAX RATE AVG 15Y
24.98%
TAX RATE AVG 20Y
26.94%
CURRENT VS TTM AVG
+3.60%
CURRENT VS 3Y AVG
+2.80%
CURRENT VS 5Y AVG
+5.37%
CURRENT VS 10Y AVG
+7.09%
CURRENT VS 15Y AVG
-5.35%
CURRENT VS 20Y AVG
-12.24%
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 |
|---|---|
| 2026-05-31 | 23.64% |
| 2026-02-28 | 21.41% |
| 2025-11-30 | 22.76% |
| 2025-08-31 | 22.67% |
| 2025-05-31 | 23.61% |
| 2025-02-28 | -33.03% |
| 2024-11-30 | 21.98% |
| 2024-08-31 | 26.33% |
| 2024-05-31 | 23.23% |
| 2024-02-29 | 21.56% |
| 2023-11-30 | 24.23% |
| 2023-08-31 | 25.41% |
| 2023-05-31 | 22.47% |
| 2023-02-28 | 20.80% |
| 2022-11-30 | 20.94% |
| 2022-08-31 | 19.07% |
| 2022-05-31 | 20.87% |
| 2022-02-28 | 20.06% |
| 2021-11-30 | 19.80% |
| 2021-08-31 | 25.94% |
| 2021-05-31 | 21.94% |
| 2021-02-28 | 14.96% |
| 2020-11-30 | 15.69% |
| 2020-08-31 | 20.55% |
| 2020-05-31 | 23.88% |
| 2020-02-29 | 17.62% |
| 2019-11-30 | 14.68% |
| 2019-08-31 | 61.79% |
| 2019-05-31 | 19.80% |
| 2019-02-28 | 18.73% |
| 2018-11-30 | 17.61% |
| 2018-08-31 | -13.23% |
| 2018-05-31 | 24.26% |
| 2018-02-28 | 18.65% |
| 2017-11-30 | 23.71% |
| 2017-08-31 | 26.45% |
| 2017-05-31 | 28.80% |
| 2017-02-28 | 32.85% |
| 2016-11-30 | 28.29% |
| 2016-08-31 | 26.28% |
| 2016-05-31 | 28.13% |
| 2016-02-29 | 28.03% |
| 2015-11-30 | 28.50% |
| 2015-08-31 | 25.74% |
| 2015-05-31 | 30.15% |
| 2015-02-28 | 29.57% |
| 2014-11-30 | 30.57% |
| 2014-08-31 | 30.37% |
| 2014-05-31 | 30.44% |
| 2014-02-28 | 31.01% |
| 2013-11-30 | 30.28% |
| 2013-08-31 | 27.55% |
| 2013-05-31 | 30.57% |
| 2013-02-28 | 30.21% |
| 2012-11-30 | 30.97% |
| 2012-08-31 | 33.08% |
| 2012-05-31 | 29.02% |
| 2012-02-29 | 28.01% |
| 2011-11-30 | 31.60% |
| 2011-08-31 | 31.91% |
| 2011-05-31 | 31.37% |
| 2011-02-28 | 32.91% |
| 2010-11-30 | 31.49% |
| 2010-08-31 | 32.83% |
| 2010-05-31 | 28.40% |
| 2010-02-28 | 34.15% |
| 2009-11-30 | 34.42% |
| 2009-08-31 | 28.97% |
| 2009-05-31 | 33.87% |
| 2009-02-28 | 23.03% |
| 2008-11-30 | 35.20% |
| 2008-08-31 | 36.84% |
| 2008-05-31 | 32.89% |
| 2008-02-29 | 34.56% |
| 2007-11-30 | 33.44% |
| 2007-08-31 | 32.23% |
| 2007-05-31 | 32.14% |
| 2007-02-28 | 33.23% |
| 2006-11-30 | 35.76% |
| 2006-08-31 | 35.01% |
| 2006-05-31 | 31.16% |
| 2006-02-28 | 35.89% |
| 2005-11-30 | 35.32% |
| 2005-08-31 | 35.39% |
| 2005-05-31 | 35.17% |
| 2005-02-28 | 34.78% |
| 2004-11-30 | 35.01% |
| 2004-08-31 | 34.91% |
| 2004-05-31 | 32.62% |
| 2004-02-29 | 33.99% |
| 2003-11-30 | 34.00% |
| 2003-08-31 | 36.52% |
| 2003-05-31 | 32.49% |
| 2003-02-28 | 32.50% |
| 2002-11-30 | 32.51% |
| 2002-08-31 | 27.89% |
