Truist Financial Corp (TFC) Tax Rate (2009 - 2026)
Truist Financial (TFC) recorded Tax Rate of 14.44% in Q2 2026, down 3.61 percentage points from 18.04% a year earlier but up 2.07 percentage points from the prior quarter.
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Analysis
Truist Financial Corp (TFC) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Truist Financial's Tax Rate came in at 14.19% as of Jun 30, 2026, down 2.96 percentage points year-over-year; for FY2025, it was 16.41%, down 76.10 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -1.51 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 92.51% in FY2024 (+188.98 pp), -96.47% in FY2023 (-114.25 pp), 17.78% in FY2022 (-1.68 pp) and 19.47% in FY2021 (+1.54 pp).
- Quarterly Tax Rate has ranged from 1.07% in Q4 2023 to 25.32% in Q2 2024 over the past five years.
- On a year-over-year basis, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -0.28 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 15.99 percentage points in Q4 2024, against a drop of 12.35 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.37% (Q1 2026), 13.43% (Q4 2025) and 16.41% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.44% |
| Mar 31, 2026 | 12.37% |
| Dec 31, 2025 | 13.43% |
| Sep 30, 2025 | 16.41% |
| Jun 30, 2025 | 18.04% |
| Mar 31, 2025 | 17.85% |
| Dec 31, 2024 | 17.05% |
| Sep 30, 2024 | 15.85% |
| Mar 31, 2024 | 17.00% |
| Sep 30, 2023 | 15.47% |
| Jun 30, 2023 | 16.44% |
| Mar 31, 2023 | 20.38% |
| Dec 31, 2022 | 13.42% |
| Sep 30, 2022 | 18.15% |
| Jun 30, 2022 | 19.54% |
| Mar 31, 2022 | 18.90% |
| Dec 31, 2021 | 18.64% |
| Sep 30, 2021 | 19.89% |
| Jun 30, 2021 | 20.02% |
| Mar 31, 2021 | 19.24% |
API Access
Truist Financial Corp Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();