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 20.91% is 96% above its 5-year average of 10.69%, near the high end of its 5-year range (-47.52%–31.70%).
As of the fiscal period ended Tuesday, March 31, 2026. 111.66% above its 12-month average of 9.88%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
20.91%
TAX RATE AVG TTM
9.88%
TAX RATE AVG 3Y
20.37%
TAX RATE AVG 5Y
20.59%
TAX RATE AVG 10Y
7.77%
TAX RATE AVG 15Y
17.14%
TAX RATE AVG 20Y
22.18%
CURRENT VS TTM AVG
+111.66%
CURRENT VS 3Y AVG
+2.66%
CURRENT VS 5Y AVG
+1.54%
CURRENT VS 10Y AVG
+168.98%
CURRENT VS 15Y AVG
+22.00%
CURRENT VS 20Y AVG
-5.74%
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 | 20.91% |
| 2025-12-31 | -40.71% |
| 2025-09-30 | 17.19% |
| 2025-06-30 | 31.70% |
| 2025-03-31 | 20.31% |
| 2024-12-31 | 16.92% |
| 2024-09-30 | -8.21% |
| 2024-06-30 | 19.56% |
| 2024-03-31 | 19.67% |
| 2023-12-31 | -47.52% |
| 2023-09-30 | 25.73% |
| 2023-06-30 | 24.17% |
| 2023-03-31 | 18.86% |
| 2022-09-30 | -9.35% |
| 2022-06-30 | 22.81% |
| 2022-03-31 | 27.67% |
| 2021-09-30 | 14.84% |
| 2021-06-30 | 18.70% |
| 2021-03-31 | 9.86% |
| 2020-12-31 | -70.65% |
| 2020-09-30 | 3.79% |
| 2019-12-31 | -11.13% |
| 2019-09-30 | -134.02% |
| 2019-06-30 | 5.99% |
| 2019-03-31 | 15.60% |
| 2018-09-30 | -5.53% |
| 2018-06-30 | 15.11% |
| 2018-03-31 | 21.13% |
| 2017-09-30 | 22.33% |
| 2017-06-30 | 6.26% |
| 2017-03-31 | -12.86% |
| 2016-12-31 | -126.30% |
| 2016-09-30 | -52.56% |
| 2016-06-30 | 128.69% |
| 2016-03-31 | 29.78% |
| 2015-12-31 | 4.88% |
| 2015-09-30 | 30.19% |
| 2015-03-31 | 24.56% |
| 2014-12-31 | 19.41% |
| 2014-09-30 | 24.76% |
| 2014-06-30 | 25.51% |
| 2014-03-31 | 22.67% |
| 2013-12-31 | 22.31% |
| 2013-09-30 | 22.33% |
| 2013-06-30 | 22.60% |
| 2013-03-31 | 23.16% |
| 2012-12-31 | 18.34% |
| 2012-09-30 | 24.35% |
| 2012-06-30 | 25.59% |
| 2012-03-31 | 25.68% |
| 2011-12-31 | 17.19% |
| 2011-09-30 | 24.99% |
| 2011-06-30 | 18.25% |
| 2011-03-31 | 27.01% |
| 2010-12-31 | 68.13% |
| 2010-09-30 | 25.76% |
| 2010-06-30 | 22.59% |
| 2010-03-31 | 26.51% |
| 2009-12-31 | 32.46% |
| 2009-09-30 | 24.97% |
| 2009-06-30 | 28.17% |
| 2009-03-31 | 26.77% |
| 2008-12-31 | 28.83% |
| 2008-09-30 | 9.85% |
| 2008-06-30 | 27.86% |
| 2008-03-31 | 27.99% |
| 2007-12-31 | 25.21% |
| 2007-09-30 | 65.26% |
| 2007-06-30 | 28.47% |
| 2007-03-31 | 28.53% |
| 2006-12-31 | 27.96% |
| 2006-09-30 | 28.19% |
| 2006-06-30 | 28.97% |
| 2006-03-31 | 29.24% |
| 2005-12-31 | 28.66% |
| 2005-09-30 | 29.22% |
| 2005-06-30 | 29.71% |
| 2005-03-31 | 30.59% |
| 2004-12-31 | 15.02% |
| 2004-09-30 | 30.60% |
| 2004-06-30 | 30.69% |
| 2004-03-31 | 32.22% |
| 2003-12-31 | 34.00% |
| 2003-09-30 | 33.49% |
| 2003-06-30 | 33.48% |
| 2003-03-31 | 33.50% |
| 2002-12-31 | 33.76% |
| 2002-09-30 | 31.55% |
| 2002-06-30 | 34.17% |
