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Bank of America BAC Income Tax

Income Tax at other companies

JPMorgan ChaseJPM

$3.99B+5.8%

U.S. BancorpUSB

$469M+5.9%

First HorizonFHN

$76M+20.6%

Cullen/Frost BankersCFR

$31.42M+11.5%

Wells Fargo & CompanyWFC

$691M+32.4%

Truist FinancialTFC

$209M-23.7%

Other financials

Income statement

Revenue$30.3B+7.2%

Net income$8.6B+16.6%

EPS (diluted)$1.11+24.7%

Balance sheet

Cash & equivalents$242.48B-11.4%

Total debt$337.44B+7.7%

Total equity$300.67B+2.3%

Total assets$3.50T+4.4%

Cash flow

Operating cash flow$41.8B+2,013%

Valuation

Market cap$412.95B+20.5%

Enterprise value$507.91B+32.8%

P/E13×+0.6×

P/S3.6×+0.4×

Profitability

Net margin27.3%+1.8pp

Returns & leverage

Return on equity10.7%+1.2pp

Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Bank of America in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Bank of America’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bank of America's income tax?: Bank of America (BAC) reported income tax of $1.82B in Q1 2026.
How has Bank of America's income tax changed year-over-year?: Bank of America's income tax increased by 11.2% year-over-year, from $1.64B to $1.82B.
What is the long-term trend for Bank of America's income tax?: Over 4 years (2021 to 2025), Bank of America's income tax has grown at a 41.9% compound annual growth rate (CAGR), from $2B to $8.1B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.