Bank Of America (BAC) Tax Rate (2009 - 2026)
Bank Of America (BAC) recorded Tax Rate of 22.68% in Q3 2026, up 2.74 percentage points from 19.95% a year earlier and up 1.14 percentage points from the prior quarter.
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Analysis
Bank Of America (BAC) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Bank Of America's Tax Rate came in at 20.51% as of Sep 30, 2026, down 4.47 percentage points year-over-year; for FY2025, it came in at 19.06%, up 0.25 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +13.27 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 18.81% in FY2024 (-0.32 pp), 19.14% in FY2023 (+8.03 pp), 11.11% in FY2022 (+5.23 pp) and 5.88% in FY2021 (+0.08 pp).
- The Q3 2026 figure is the highest quarterly Tax Rate since Q4 2024.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of -0.04 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 50.19 percentage points in Q4 2023, against a drop of 20.74 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.54% (Q2 2026), 17.49% (Q1 2026) and 20.53% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | 23.98% |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | 22.68% |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | - |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | 23.29% |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | 22.26% |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | 24.40% |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | 42.13% |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | 16.36% |
| 10 | American Express | 215.12 Bn | 14.60 Bn | - | 18.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.68% |
| Jun 30, 2026 | 21.54% |
| Mar 31, 2026 | 17.49% |
| Dec 31, 2025 | 20.53% |
| Sep 30, 2025 | 19.95% |
| 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% |
API Access
Bank Of America Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=BAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=BAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();