v3.26.3
Income Taxes
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
12. Income Taxes
The effective tax rate was 20.3% and 19.9% for the three and nine months ended September 30, 2026 and 17.9% and 19.0% for the three and nine months ended September 30, 2025, respectively. The effective tax rate differs from the U.S. federal statutory tax rate of 21% primarily due to net excess tax benefits on stock-based compensation, tax credits and non-taxable net investment income.
The Company's effective tax rate is based on income from continuing operations. See Note 17 - Discontinued Operations of Notes to Condensed Consolidated Financial Statements for information on tax impacts from discontinued operations.