Bank Of America (BAC-PS) Tax Rate (2009 - 2026)

Bank Of America's (BAC-PS) quarterly Tax Rate came in at 17.49% in Q1 2026, down 70.0% year-on-year from 58.31% in Q1 2025, and down 55.67% quarter-over-quarter from 39.46% in Q4 2025.

Bank Of America (BAC-PS) Tax Rate (2009 - 2026) Analysis & Trends

Bank Of America has disclosed Tax Rate across 18 years of filings, most recently posting 17.49% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 17.49%, down 70.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.72% (down 16.0% YoY), and the FY2025 annual result was 19.06%, up 25.0% from the prior year.
  • Tax Rate came in at 17.49% for Q1 2026 at Bank Of America, down from 39.46% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 59.87% in Q4 2023 to a low of 3.62% in Q3 2023.
  • The 5-year median for Tax Rate is 10.21% (2023), against an average of 16.62%.
  • Across the five-year window, Tax Rate surged 5019 bps in 2023 and slumped 1861 bps in 2024, its largest moves.
  • Bank Of America's Tax Rate stood at 9.69% in 2022, then jumped by 518 bps to 59.87% in 2023, then sank by 31 bps to 41.27% in 2024, then retreated by 4 bps to 39.46% in 2025, then slumped by 56 bps to 17.49% in 2026.
  • The last three Tax Rate figures came in at 17.49% (Q1 2026), 39.46% (Q4 2025), and 10.44% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Canadian Imperial Bank Of Commerce 1,362,688,030.33 Bn 1,362,688,030.55 Bn - 23.02
2 Hsbc Holdings 38,978.70 Bn 38,979.15 Bn - -21.14
3 Royal Bank Of Canada 3,027.68 Bn 2,956.13 Bn - 21.90
4 Toronto Dominion Bank 1,012.32 Bn 1,005.51 Bn - -
5 Bank Of America 408.37 Bn -198.33 Bn 29.24 Bn 17.49
6 Barclays 379.37 Bn -269.24 Bn - -22.67
7 Bank Of Montreal 375.83 Bn 375.83 Bn - 25.14
8 Mitsubishi Ufj Financial 288.20 Bn -398.08 Bn 3.81 Bn 26.08
9 Citigroup 263.31 Bn -1,921.68 Bn 19.85 Bn 33.80
10 Bank Of America - - 29.24 Bn 17.49

Historic Data

Download Data
DateValue
Mar 31, 2026 17.49%
Mar 31, 2026 17.49%
Dec 31, 2025 39.46%
Dec 31, 2025 39.46%
Sep 30, 2025 10.44%
Sep 30, 2025 10.44%
Jun 30, 2025 7.44%
Jun 30, 2025 7.44%
Mar 31, 2025 18.19%
Mar 31, 2025 18.19%
Dec 31, 2024 41.27%
Dec 31, 2024 41.27%
Sep 30, 2024 5.84%
Sep 30, 2024 5.84%
Jun 30, 2024 8.77%
Jun 30, 2024 8.77%
Mar 31, 2024 8.10%
Mar 31, 2024 8.10%
Dec 31, 2023 59.87%
Dec 31, 2023 59.87%