Company / Income Tax
Bank of America Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$7.2B
FY2025
5-year range
$2.0B / $7.2B
FY2021-FY2025
Trend
+15.0%
vs FY2024
Sector context
#3 of 399
Financials
What the data says
Among 399 Financials companies, Bank of America is in the bottom 1% for income tax. Income Tax has increased for 5 consecutive years, from $1.1B in FY2020 to $7.2B in FY2025.
Based on SEC 10-K filings.
$7.2B in FY2025 with a 5-year CAGR of +45.5%. Ranks 3rd among 399 companies in Financials.
Increased from $6.2B to $7.2B over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +27.8%
- 5-Year CAGR
- +45.5%
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in FinancialsTop 99% of 399This company $7.2B Sector average $355.4M
▼
+1922.0% above sector average
Key checks
Key Insights
- Bank of America's income tax has grown for 5 consecutive years.
- 5-year CAGR of +45.5%, indicating consistent growth.
- In FY2025, income tax increased 15.0% year-over-year.
- Ranks #3 out of 399 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.14 (distress zone, below 1.8 threshold)
- Strong profit margin: 27.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $7.2B | +15.0% |
| FY2024 | $6.3B | +0.4% |
| FY2023 | $6.2B | +80.9% |
| FY2022 | $3.4B | +72.2% |
| FY2021 | $2.0B | +81.5% |
| FY2020 | $1.1B | -79.3% |
| FY2019 | $5.3B | -17.3% |
| FY2018 | $6.4B | -41.4% |
| FY2017 | $11.0B | +52.5% |
| FY2016 | $7.2B | +14.7% |
As of FY2025 · SEC 10-K · Updated Mar 2, 2026