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 down 122.69% YoY from $4.0 billion in Q1 2025.
Sumitomo Mitsui Financial (SMFG) Tax Provisions (2009 - 2026) Analysis & Trends
Sumitomo Mitsui Financial has reported Tax Provisions for 18 years, with the latest figure at -$904.2 million in Q1 2026.
- Quarterly Tax Provisions fell 122.69% year-over-year to -$904.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$3.3 billion (down 327.73% 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.
- Over five years, Tax Provisions peaked at $4.0 billion in Q1 2024 and troughed at -$3.8 billion in Q4 2025.
- A 5-year average of $203.7 million and a median of $611.1 million in 2025 frame the typical range for Tax Provisions.
- The widest YoY moves for Tax Provisions: up 670.69% in 2024, down 238.62% in 2024.
- Over 5 years, Tax Provisions stood at -$1.7 billion in 2022, then increased by 11.85% to -$1.5 billion in 2023, then plunged by 93.45% to -$2.9 billion in 2024, then dropped by 28.81% to -$3.8 billion in 2025, then jumped by 75.9% to -$904.2 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$904.2 million, -$3.8 billion, and $611.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | 6.18 Bn |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | 1.17 Bn |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | 1.40 Bn |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | 1.70 Bn |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 2.01 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | 565.37 Mn |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Sumitomo Mitsui Financial | 96.12 Bn | -308.82 Bn | - | 1.16 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.16 Bn |
| 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 | 3.98 Bn |
| Dec 31, 2024 | -2.91 Bn |
| Sep 30, 2024 | 1.32 Bn |
| Jun 30, 2024 | -930.15 Mn |
| Mar 31, 2024 | 4.05 Bn |
| Dec 31, 2023 | -1.51 Bn |
| Sep 30, 2023 | 2.12 Bn |
| 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 |