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INCOME TAXES
3 Months Ended
Mar. 31, 2026
INCOME TAXES  
INCOME TAXES

NOTE 20 – EFFECTIVE TAX RATE

 

We are subject to federal and state income taxes in the United States, as well as income taxes in the foreign jurisdictions in which we operate. Our effective tax rate was 24.3% and 56.5% for the three months ended March 31, 2026 and 2025, respectively. The decrease in the effective tax rate for the three months ended March 31, 2026, compared with the same period in 2025, was primarily due to a change in the jurisdictional mix of income.