Discontinued — last reported Q2 '22
Phillips 66 Income Taxes Payable decreased by 13.1% to $1.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.1%, from $1.25B to $1.18B. Over 5 years (FY 2020 to FY 2025), Income Taxes Payable shows relatively stable performance with a 0.2% CAGR.
An increase often reflects higher taxable income, while a decrease may indicate tax payments made or lower taxable earnings.
This represents the current portion of income tax obligations owed to various government taxing authorities based on tax...
Common across all profitable corporations, varying based on effective tax rates and jurisdictional tax laws.
income_taxes_payable| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.36B | $1.29B | $1.25B | $1.36B | $1.72B | $1.84B | $1.40B | $1.39B | $1.18B | $1.35B | $1.20B | $1.09B | $1.37B | $1.21B | $1.06B | $1.25B | $1.54B | $1.43B | $1.36B | $1.18B |
| QoQ Change | — | -5.5% | -2.6% | +8.7% | +26.4% | +6.6% | -23.9% | -0.6% | -14.9% | +13.9% | -10.8% | -9.4% | +25.9% | -11.8% | -12.1% | +17.6% | +23.1% | -6.7% | -4.9% | -13.1% |
| YoY Change | — | — | — | — | +26.5% | +42.7% | +11.4% | +1.8% | -31.5% | -26.7% | -14.1% | -21.7% | +15.8% | -10.3% | -11.7% | +14.7% | +12.2% | +18.7% | +28.5% | -5.1% |