TRUIST FINANCIAL CORP Income Tax Expense 2007-2026 | TFC
Beta
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 TRUIST FINANCIAL CORP's current income tax expense?
TRUIST FINANCIAL CORP (TFC) annual income tax expense for 2025 was $1.04B, a 287.41% increase from 2024. TRUIST FINANCIAL CORP income tax expense for the quarter ending March 31, 2026 was $209.0M.
What was TRUIST FINANCIAL CORP's income tax expense in 2024?
TRUIST FINANCIAL CORP annual income tax expense for 2024 was $-556.0M, a 175.34% decline from 2023.
What was TRUIST FINANCIAL CORP's income tax expense in 2023?
TRUIST FINANCIAL CORP annual income tax expense for 2023 was $738.0M, a 40.96% decline from 2022.
What is TRUIST FINANCIAL CORP's 5-year income tax expense CAGR?
TRUIST FINANCIAL CORP income tax expense grew at a compound annual growth rate (CAGR) of 1.21% from FY2020 to FY2025, going from $981.0M to $1.04B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+1.2%
FY2020
$981.0M
→
FY2025
$1.04B
07080910111213141516171819202122232425
5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.04B | +287.4% | 10-K |
| FY2024 | $-556.0M | -175.3% | 10-K |
| FY2023 | $738.0M | -41.0% | 10-K |
| FY2022 | $1.25B | -19.7% | 10-K |
| FY2021 | $1.56B | +58.6% | 10-K |
| FY2020 | $981.0M | +25.4% | 10-K |
| FY2019 | $782.0M | -2.6% | 10-K |
| FY2018 | $803.0M | -11.9% | 10-K |
| FY2017 | $911.0M | -13.9% | 10-K |
| FY2016 | $1.06B | +33.2% | 10-K |
| FY2015 | $794.0M | -13.8% | 10-K |
| FY2014 | $921.0M | -40.7% | 10-K |
| FY2013 | $1.55B | +103.3% | 10-K |
| FY2012 | $764.0M | +158.1% | 10-K |
| FY2011 | $296.0M | +157.4% | 10-K |
| FY2010 | $115.0M | -27.7% | 10-K |
| FY2009 | $159.0M | -71.1% | 10-K |
| FY2008 | $550.0M | -34.2% | 10-K |
| FY2007 | $836.0M | - | 10-K |
Company: TRUIST FINANCIAL CORPTicker: TFCSector: Financial ServicesIndustry: National Commercial BanksView company profile →