Sumitomo Mitsui Financial (SMFG) Tax Provisions (2009 - 2026)
Sumitomo Mitsui Financial (SMFG) posted Tax Provisions of -$904.2 million for Q1 2026, up 75.9% sequentially from -$3.8 billion in Q4 2025, and up 58.48% YoY from -$570.5 million in Q1 2025.
Sumitomo Mitsui Financial (SMFG) Tax Provisions (2009 - 2026) Analysis & Trends
Sumitomo Mitsui Financial (SMFG) has 18 years of Tax Provisions data on file, last reported at -$904.2 million in Q1 2026.
- Quarterly Tax Provisions rose 58.48% year-over-year to -$904.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$3.3 billion (up 30.13% YoY) and the FY2026 annual result came in at -$89.0 million, up 9.18% from the prior year.
- Tax Provisions rose to -$904.2 million in Q1 2026 per SMFG's latest filing, from -$3.8 billion in the prior quarter.
- The five-year high for Tax Provisions was $1.1 billion in Q3 2022, with the low at -$3.8 billion in Q4 2025.
- Average Tax Provisions over 5 years is -$471.5 million, with a median of $161.7 million recorded in 2024.
- The widest YoY moves for Tax Provisions: up 198.97% in 2025, down 1446.7% in 2025.
- Sumitomo Mitsui Financial's Tax Provisions stood at -$1.7 billion in 2022, then rose by 11.85% to -$1.5 billion in 2023, then sank by 93.45% to -$2.9 billion in 2024, then declined by 28.81% to -$3.8 billion in 2025, then surged by 75.9% to -$904.2 million in 2026.
- Business Quant data shows SMFG's Tax Provisions at -$904.2 million in Q1 2026, -$3.8 billion in Q4 2025, and $611.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | -1.98 Bn |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 1.82 Bn |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 691.00 Mn |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 1.29 Bn |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 386.00 Mn |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 3.99 Bn |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | -904.18 Mn |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | -1.35 Mn |
| 10 | Ing Groep | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -904.18 Mn |
| Dec 31, 2025 | -3.75 Bn |
| Sep 30, 2025 | 611.15 Mn |
| Jun 30, 2025 | 706.61 Mn |
| Mar 31, 2025 | -2.18 Bn |
| Dec 31, 2024 | -2.91 Bn |
| Sep 30, 2024 | -617.48 Mn |
| Jun 30, 2024 | 930.15 Mn |
| Mar 31, 2024 | 161.70 Mn |
| Dec 31, 2023 | -1.51 Bn |
| Sep 30, 2023 | 767.89 Mn |
| Jun 30, 2023 | 671.00 Mn |
| Mar 31, 2023 | 525.43 Mn |
| Dec 31, 2022 | -1.71 Bn |
| Sep 30, 2022 | 1.11 Bn |
| Jun 30, 2022 | 688.00 Mn |
| Mar 31, 2022 | -610.64 Mn |
| Dec 31, 2021 | -1.98 Bn |
| Sep 30, 2021 | 552.18 Mn |
| Jun 30, 2021 | 723.00 Mn |