BANK OF AMERICA CORP /DE/ Income Tax Expense 2007-2026 | BAC
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is BANK OF AMERICA CORP /DE/'s current income tax expense?
BANK OF AMERICA CORP /DE/ (BAC) annual income tax expense for 2025 was $7.19B, a 14.98% increase from 2024. BANK OF AMERICA CORP /DE/ income tax expense for the quarter ending March 31, 2026 was $1.82B.
What was BANK OF AMERICA CORP /DE/'s income tax expense in 2024?
BANK OF AMERICA CORP /DE/ annual income tax expense for 2024 was $6.25B, a 0.40% increase from 2023.
What was BANK OF AMERICA CORP /DE/'s income tax expense in 2023?
BANK OF AMERICA CORP /DE/ annual income tax expense for 2023 was $6.22B, a 80.91% increase from 2022.
What is BANK OF AMERICA CORP /DE/'s 5-year income tax expense CAGR?
BANK OF AMERICA CORP /DE/ income tax expense grew at a compound annual growth rate (CAGR) of 45.53% from FY2020 to FY2025, going from $1.10B to $7.19B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+45.5%
FY2020
$1.10B
→
FY2025
$7.19B
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $7.19B | +15.0% | 10-K |
| FY2024 | $6.25B | +0.4% | 10-K |
| FY2023 | $6.22B | +80.9% | 10-K |
| FY2022 | $3.44B | +72.2% | 10-K |
| FY2021 | $2.00B | +81.5% | 10-K |
| FY2020 | $1.10B | -79.3% | 10-K |
| FY2019 | $5.32B | -17.3% | 10-K |
| FY2018 | $6.44B | -41.4% | 10-K |
| FY2017 | $10.98B | +52.5% | 10-K |
| FY2016 | $7.20B | +14.7% | 10-K |
| FY2015 | $6.28B | +156.9% | 10-K |
| FY2014 | $2.44B | -48.5% | 10-K |
| FY2013 | $4.74B | +524.8% | 10-K |
| FY2012 | $-1.12B | +33.4% | 10-K |
| FY2011 | $-1.68B | -283.2% | 10-K |
| FY2010 | $915.0M | +147.8% | 10-K |
| FY2009 | $-1.92B | -556.2% | 10-K |
| FY2008 | $420.0M | -92.9% | 10-K |
| FY2007 | $5.94B | - | 10-K |
Company: BANK OF AMERICA CORP /DE/Ticker: BACSector: Financial ServicesIndustry: National Commercial BanksView company profile →