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 22.54% is 31% above its 5-year average of 17.27%, near the high end of its 5-year range (-26.67%–29.41%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.28% above its 12-month average of 20.82%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
22.54%
TAX RATE AVG TTM
20.82%
TAX RATE AVG 3Y
20.81%
TAX RATE AVG 5Y
19.47%
TAX RATE AVG 10Y
19.00%
TAX RATE AVG 15Y
18.59%
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+8.28%
CURRENT VS 3Y AVG
+8.31%
CURRENT VS 5Y AVG
+15.77%
CURRENT VS 10Y AVG
+18.65%
CURRENT VS 15Y AVG
+21.26%
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 | 22.54% |
| 2025-12-31 | 9.51% |
| 2025-09-30 | 23.91% |
| 2025-06-30 | 25.08% |
| 2025-03-31 | 23.04% |
| 2024-12-31 | 13.07% |
| 2024-09-30 | 19.33% |
| 2024-06-30 | 21.46% |
| 2024-03-31 | 21.94% |
| 2023-12-31 | -26.67% |
| 2023-09-30 | 17.84% |
| 2023-06-30 | 19.30% |
| 2023-03-31 | 21.43% |
| 2022-12-31 | 21.16% |
| 2022-09-30 | 29.41% |
| 2022-06-30 | 17.65% |
| 2022-03-31 | 16.33% |
| 2021-12-31 | 10.32% |
| 2021-09-30 | 14.29% |
| 2021-06-30 | 18.12% |
| 2021-03-31 | 23.68% |
| 2020-12-31 | 6.33% |
| 2020-09-30 | 26.00% |
| 2020-06-30 | 11.43% |
| 2020-03-31 | 9.52% |
| 2019-12-31 | 33.71% |
| 2019-06-30 | 10.90% |
| 2019-03-31 | 15.96% |
| 2018-12-31 | -25.70% |
| 2018-09-30 | 19.25% |
| 2018-06-30 | 23.33% |
| 2018-03-31 | 16.84% |
| 2017-12-31 | 51.39% |
| 2017-09-30 | 20.61% |
| 2017-06-30 | 17.36% |
| 2017-03-31 | 20.00% |
| 2016-12-31 | 44.44% |
| 2016-09-30 | 23.16% |
| 2016-06-30 | 21.11% |
| 2016-03-31 | -1.54% |
| 2015-12-31 | 10.94% |
| 2015-09-30 | 17.76% |
| 2015-06-30 | 18.68% |
| 2015-03-31 | 16.88% |
| 2014-12-31 | 25.00% |
| 2014-09-30 | 17.19% |
| 2014-06-30 | 17.31% |
| 2014-03-31 | 19.67% |
| 2013-12-31 | 36.45% |
| 2013-09-30 | 12.05% |
| 2013-06-30 | 19.30% |
| 2013-03-31 | 19.61% |
| 2012-12-31 | 17.98% |
| 2012-09-30 | 28.00% |
| 2012-06-30 | 22.61% |
| 2012-03-31 | 25.00% |
| 2011-12-31 | 38.10% |
| 2011-09-30 | 6.10% |
| 2011-06-30 | 37.39% |
| 2011-03-31 | 22.77% |
| 2010-12-31 | 12.61% |
| 2010-09-30 | 17.27% |
| 2010-03-31 | 16.42% |
