Bank Of America (BAC) Tax Rate (2009 - 2026)
Bank Of America's (BAC) quarterly Tax Rate came in at 21.54% in Q2 2026, up 426.0% year-over-year from 4.09% in Q2 2025, and up 23.13% quarter-over-quarter from 17.49% in Q1 2026.
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Analysis
Bank Of America (BAC) Tax Rate (2009 - 2026) Analysis & Trends
Bank Of America has disclosed Tax Rate across 18 years of filings, most recently posting 21.54% for Q2 2026.
- In Q2 2026, Tax Rate rose 426.0% year-over-year to 21.54%; the TTM figure through Jun 2026 stood at 23.27% (up 71.0% YoY), while the FY2025 annual figure was 19.06%, up 25.0% from the prior year.
- Tax Rate came in at 21.54% for Q2 2026 at Bank Of America, up from 17.49% 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.
- Average Tax Rate over 5 years is 17.44%, with a median of 10.37% recorded in 2022.
- Year-over-year, Tax Rate soared 5019 bps in 2023 and sank 1861 bps in 2024.
- Over 5 years, Tax Rate stood at 9.69% in 2022, then jumped by 518 bps to 59.87% in 2023, then tumbled by 31 bps to 41.27% in 2024, then retreated 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 439.96 Bn | -148.54 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 336.99 Bn | 176.86 Bn | - | 23.07% |
| 3 | Goldman Sachs | 299.92 Bn | -676.43 Bn | - | 22.60% |
| 4 | Royal Bank Of Canada | 288.24 Bn | 61.39 Bn | - | 22.26% |
| 5 | Mitsubishi Ufj Financial | 283.40 Bn | -100.92 Bn | 10.89 Bn | 24.29% |
| 6 | Wells Fargo & Company | 273.32 Bn | 71.49 Bn | - | 17.42% |
| 7 | Banco Santander | 219.61 Bn | 227.22 Bn | 28.01 Bn | - |
| 8 | American Express | 219.16 Bn | 169.84 Bn | 17.99 Bn | 23.61% |
| 9 | Toronto Dominion Bank | 204.38 Bn | 43.05 Bn | - | -38.63% |
| 10 | Schwab Charles | 185.52 Bn | 111.93 Bn | - | 23.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.54% |
| Mar 31, 2026 | 17.49% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 10.44% |
| Jun 30, 2025 | 17.28% |
| Mar 31, 2025 | 18.19% |
| Dec 31, 2024 | 41.27% |
| Sep 30, 2024 | 5.84% |
| Jun 30, 2024 | 8.77% |
| Mar 31, 2024 | 8.10% |
| Dec 31, 2023 | 59.87% |
| Sep 30, 2023 | 3.62% |
| Jun 30, 2023 | 7.79% |
| Mar 31, 2023 | 10.21% |
| Dec 31, 2022 | 9.69% |
| Sep 30, 2022 | 14.68% |
| Jun 30, 2022 | 9.36% |
| Mar 31, 2022 | 10.31% |
| Dec 31, 2021 | 10.30% |
| Sep 30, 2021 | 14.07% |