Truist Financial TFC
NYSE TFC
$50.42 +0.19 (+0.38%)
As of: Aug 21, 2026 · 3:59 PM EDT

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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Hdfc Bank 120.66 Bn 84.46 Bn - -
2 Pnc Financial Services 97.86 Bn 97.86 Bn - 20.53%
3 Us Bancorp 96.39 Bn 96.39 Bn - 19.74%
4 Lloyds Banking 93.61 Bn 93.91 Bn - -30.86%
5 NatWest 74.92 Bn -144.17 Bn - -26.78%
6 Deutsche Bank Aktiengesellschaft 72.22 Bn -81.10 Bn - 28.68%
7 Nu Holdings 70.34 Bn 56.66 Bn 2.35 Bn -14.17%
8 Truist Financial 61.75 Bn 61.75 Bn - 14.44%
9 Fifth Third Bancorp 49.88 Bn 26.16 Bn - 22.68%
10 Itau Unibanco Holding 42.02 Bn 43.71 Bn - -

Historic Data

Download Data
DateValue
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%