KPIs & Operating Metrics(New)

Truist Financial (TFC) Tax Rate (2022 - 2026)

Truist Financial (TFC) has disclosed Tax Rate for 11 consecutive years, with 12.37% as the latest value for Q1 2026.

  • For Q1 2026, Tax Rate fell 548.0% year-over-year to 12.37%; the TTM value through Mar 2026 reached 15.02%, down 10424.0%, while the annual FY2025 figure was 16.41%, 7610.0% down from the prior year.
  • Tax Rate hit 12.37% in Q1 2026 for Truist Financial, down from 13.43% in the prior quarter.
  • Across five years, Tax Rate topped out at 25.32% in Q2 2024 and bottomed at 1.07% in Q4 2023.
  • Average Tax Rate over 5 years is 16.28%, with a median of 17.0% recorded in 2024.
  • Year-over-year, Tax Rate tumbled -1235bps in 2023 and then surged 1599bps in 2024.
  • Truist Financial's Tax Rate stood at 13.42% in 2022, then plummeted by -92bps to 1.07% in 2023, then surged by 1498bps to 17.05% in 2024, then dropped by -21bps to 13.43% in 2025, then decreased by -8bps to 12.37% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods came in at 12.37%, 13.43%, and 16.41% for Q1 2026, Q4 2025, and Q3 2025 respectively.