Truist Financial (TFC) Tax Rate (2009 - 2026)

Truist Financial has reported Tax Rate for 18 years, with the latest figure at 12.37% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 548.0% year-over-year to 12.37%; the trailing twelve-month figure through Mar 2026 stood at 15.02% (down 10424.0% YoY), and the FY2025 full-year result was 16.41%, down 7610.0% from the prior year.
• Tax Rate for Q1 2026 stood at 12.37%, down from 13.43% in the prior quarter.
• The five-year high for Tax Rate was 25.32% in Q2 2024, with the low at 1.07% in Q4 2023.
• Historically, Tax Rate has averaged 16.28% across 5 years, with a median of 17.0% in 2024.
• Annual changes were most pronounced in 2023 — Tax Rate plunged 1235 bps — and 2024, when it jumped 1599 bps.
• Truist Financial's Tax Rate stood at 13.42% in 2022, then plunged 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 slipped by 8 bps to 12.37% in 2026.
• The last three Tax Rate figures came in at 12.37% (Q1 2026), 13.43% (Q4 2025), and 16.41% (Q3 2025), per Business Quant data.