Income Tax
Truist Financial Income Tax decreased by 0.5% to $209.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 23.7%, from $274.00M to $209.00M. Over 3 years (FY 2021 to FY 2025), Income Tax shows a downward trend with a -12.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
is_income_tax_expenseHistorical Data
| 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $415.00M | $423.00M | $367.00M | $330.00M | $372.00M | $363.00M | $337.00M | $394.00M | $287.00M | $245.00M | $0.00 | $232.00M | -$1.32B | $271.00M | $274.00M | $273.00M | $285.00M | $210.00M | $209.00M |
| QoQ Change | — | +1.9% | -13.2% | -10.1% | +12.7% | -2.4% | -7.2% | +16.9% | -27.2% | -14.6% | -100.0% | — | -670.7% | +120.5% | +1.1% | -0.4% | +4.4% | -26.3% | -0.5% |
| YoY Change | — | — | — | — | -10.4% | -14.2% | -8.2% | +19.4% | -22.8% | -32.5% | -100.0% | -41.1% | -561.3% | +10.6% | +18.1% | +120.6% | +5.2% | — | -23.7% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| OT&C | — | — | — | -$112.00M | -$156.00M | -$237.00M | -$335.00M | -$260.00M |
| CSBB | $283.00M | $271.00M | $265.00M | $185.00M | $193.00M | $215.00M | $224.00M | $238.00M |
| WB | $237.00M | $275.00M | $276.00M | $201.00M | $236.00M | $307.00M | $321.00M | $231.00M |
| Total | -$1.32B | $271.00M | — | $274.00M | $273.00M | $285.00M | $210.00M | $209.00M |
CB-Commercial, CB-Retail, IH were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is Truist Financial's income tax?
- Truist Financial (TFC) reported income tax of $209.00M in Q1 2026.
- How has Truist Financial's income tax changed year-over-year?
- Truist Financial's income tax decreased by 23.7% year-over-year, from $274.00M to $209.00M.
- What is the long-term trend for Truist Financial's income tax?
- Over 3 years (2021 to 2025), Truist Financial's income tax has grown at a -12.5% compound annual growth rate (CAGR), from $1.56B to $1.04B.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.