v3.26.1
EFFECTIVE TAX RATE
 6 Months Ended
Jun. 30, 2026
EFFECTIVE TAX RATE  
EFFECTIVE TAX RATE

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 24.21% and -4.02% for the six months ended June 30, 2026 and 2025, respectively. In addition, our effective tax rate was 24.10% and -15.13% for the three months ended June 30, 2026 and 2025, respectively. The increase in the effective tax rate for the six months ended June 30, 2026, compared with the same period in 2025, was primarily due to a change in the jurisdictional mix of income.