Bank Of America (BAC) Tax Rate (2009 - 2026)
Bank Of America (BAC) posted quarterly Tax Rate of 21.54% for Q2 2026, up 426.0% year-over-year from 4.09% in Q2 2025, and up 23.13% on a QoQ basis from 17.49% in Q1 2026.
Bank Of America (BAC) Tax Rate (2009 - 2026) Analysis & Trends
Bank Of America has reported Tax Rate for 18 years, with the latest figure at 21.54% in Q2 2026.
- Tax Rate for Q2 2026 came in at 21.54%, up 426.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 23.27% (up 71.0% YoY), and the FY2025 annual result was 19.06%, up 25.0% from the prior year.
- Tax Rate grew to 21.54% in Q2 2026, from 17.49% in the prior quarter.
- Over five years, Tax Rate peaked at 59.87% in Q4 2023 and troughed at 3.62% in Q3 2023.
- A 5-year average of 17.44% and a median of 10.37% in 2022 frame the typical range for Tax Rate.
- The widest annual swing landed in 2023, when Tax Rate surged 5019 bps; it then slumped 1861 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 9.69% in 2022, then soared by 518 bps to 59.87% in 2023, then tumbled by 31 bps to 41.27% in 2024, then slipped by 4 bps to 39.46% in 2025, then sank by 45 bps to 21.54% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.54% in Q2 2026, 17.49% in Q1 2026, and 39.46% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 21.54% |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | 60.94% |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | 21.90% |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | 17.42% |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | 24.29% |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 24.97% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | -7.60% |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Bank of New York Mellon | 108.83 Bn | 47.61 Bn | - | 20.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.54% |
| Jun 30, 2026 | 21.54% |
| Jun 30, 2026 | 21.54% |
| Mar 31, 2026 | 17.49% |
| Mar 31, 2026 | 17.49% |
| Mar 31, 2026 | 17.49% |
| Dec 31, 2025 | 39.46% |
| Dec 31, 2025 | 39.46% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 10.44% |
| Sep 30, 2025 | 10.44% |
| Sep 30, 2025 | 10.44% |
| Jun 30, 2025 | 7.44% |
| Jun 30, 2025 | 7.44% |
| Jun 30, 2025 | 7.44% |
| Mar 31, 2025 | 18.19% |
| Mar 31, 2025 | 18.19% |
| Mar 31, 2025 | 18.19% |
| Dec 31, 2024 | 41.27% |
| Dec 31, 2024 | 41.27% |