Bank Of America BAC
NYSE BAC
$61.70 -0.16 (-0.26%)
As of: Aug 21, 2026 · 3:59 PM EDT

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.

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
DateValue
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%