Truist Financial (TFC) Tax Rate (2009 - 2026)
Truist Financial (TFC) posted quarterly Tax Rate of 14.44% for Q2 2026, down 361.0% year-over-year from 5.53% in Q2 2025, and up 16.73% on a QoQ basis from 12.37% in Q1 2026.
Truist Financial (TFC) Tax Rate (2009 - 2026) Analysis & Trends
Truist Financial has reported Tax Rate for 18 years, with the latest figure at 14.44% in Q2 2026.
- Tax Rate for Q2 2026 came in at 14.44%, down 361.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 14.19% (down 296.0% YoY), and the FY2025 annual result was 16.41%, down 7610.0% from the prior year.
- Tax Rate advanced to 14.44% in Q2 2026, from 12.37% in the prior quarter.
- Over five years, Tax Rate peaked at 25.32% in Q2 2024 and troughed at 1.07% in Q4 2023.
- A 5-year average of 16.17% and a median of 16.72% in 2023 frame the typical range for Tax Rate.
- The widest annual swing landed in 2023, when Tax Rate tumbled 1235 bps; it then jumped 1599 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 13.42% in 2022, then slumped by 92 bps to 1.07% in 2023, then soared by 1498 bps to 17.05% in 2024, then declined by 21 bps to 13.43% in 2025, then grew by 8 bps to 14.44% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 14.44% in Q2 2026, 12.37% in Q1 2026, and 13.43% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.76 Bn | 84.56 Bn | - | - |
| 2 | Pnc Financial Services | 97.50 Bn | 97.50 Bn | - | 20.53% |
| 3 | Us Bancorp | 95.92 Bn | 95.92 Bn | - | 19.74% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -30.86% |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | -26.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 72.01 Bn | -81.30 Bn | - | 28.68% |
| 7 | Nu Holdings | 71.00 Bn | 57.31 Bn | 2.35 Bn | -14.17% |
| 8 | Truist Financial | 61.52 Bn | 61.52 Bn | - | 14.44% |
| 9 | Fifth Third Bancorp | 49.66 Bn | 25.94 Bn | - | 22.68% |
| 10 | Itau Unibanco Holding | 41.88 Bn | 43.57 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.44% |
| Jun 30, 2026 | 14.44% |
| Jun 30, 2026 | 14.44% |
| Mar 31, 2026 | 12.37% |
| Mar 31, 2026 | 12.37% |
| Mar 31, 2026 | 12.37% |
| Dec 31, 2025 | 13.43% |
| Dec 31, 2025 | 13.43% |
| Dec 31, 2025 | 13.43% |
| Sep 30, 2025 | 16.41% |
| Sep 30, 2025 | 16.41% |
| Sep 30, 2025 | 16.41% |
| Jun 30, 2025 | 18.04% |
| Jun 30, 2025 | 18.04% |
| Jun 30, 2025 | 18.04% |
| Mar 31, 2025 | 17.85% |
| Mar 31, 2025 | 17.85% |
| Mar 31, 2025 | 17.85% |
| Dec 31, 2024 | 17.05% |
| Dec 31, 2024 | 17.05% |