Income Tax
Exxon Mobil Income Tax increased by 75.5% to $2.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 30.1%, from $3.57B to $2.50B. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 10.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
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.
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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.53B | $2.66B | $2.65B | $2.81B | $6.36B | $5.22B | $5.79B | $4.96B | $3.50B | $4.35B | $2.61B | $3.80B | $4.09B | $4.06B | $1.86B | $3.57B | $3.35B | $3.16B | $1.42B | $2.50B |
| QoQ Change | — | +74.6% | -0.5% | +5.9% | +126.6% | -17.8% | +10.8% | -14.3% | -29.4% | +24.3% | -40.0% | +45.5% | +7.7% | -1.0% | -54.2% | +92.0% | -6.1% | -5.6% | -55.1% | +75.5% |
| YoY Change | — | — | — | — | +316.7% | +96.1% | +118.4% | +76.8% | -44.9% | -16.7% | -54.8% | -23.3% | +16.9% | -6.8% | -28.9% | -6.2% | -18.1% | -22.0% | -23.5% | -30.1% |
Business Segments
| Segment | FY'21 | FY'22 |
|---|---|---|
| Corporateandfinancingmember | -$1.05B | -$1.16B |
| Total | $7.64B | $20.18B |
All segment values are derived from annual filings.
Corporateandfinancingmember was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Non-U.S. | $3.15B | $3.22B | $1.98B | $2.86B | $2.60B | $2.66B | $2.76B | $1.83B |
| Total | $4.09B | $4.06B | $1.86B | $3.57B | $3.35B | $3.16B | $1.42B | $2.50B |
Income Tax at Other Companies
Frequently Asked Questions
- What is Exxon Mobil's income tax?
- Exxon Mobil (XOM) reported income tax of $2.50B in Q1 2026.
- How has Exxon Mobil's income tax changed year-over-year?
- Exxon Mobil's income tax decreased by 30.1% year-over-year, from $3.57B to $2.50B.
- What is the long-term trend for Exxon Mobil's income tax?
- Over 4 years (2021 to 2025), Exxon Mobil's income tax has grown at a 10.8% compound annual growth rate (CAGR), from $7.64B to $11.50B.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.