Company / Income Tax
Truist Financial Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$1.0B
FY2025
5-year range
-$556.0M / $1.6B
FY2021-FY2025
Trend
+287.4%
vs FY2024
Sector context
#29 of 403
Financials
What the data says
Income Tax changed +287% YoY in FY2025, a notable deviation from the 9-year average annual change of +12%.
Based on SEC 10-K filings.
$1.0B in FY2025 with a 5-year CAGR of +1.2%. Top quartile in the Financials sector.
Increased from $738M to $1.0B over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -5.9%
- 5-Year CAGR
- +1.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 7% in FinancialsTop 93% of 403This company $1.0B Sector average $353.4M
▼
+194.8% above sector average
Key checks
Key Insights
- 5-year CAGR of +1.2%, indicating consistent growth.
- In FY2025, income tax increased 287.4% year-over-year.
- Ranks #29 out of 403 companies in the Financials sector.
- Peak income tax was recorded in FY2021.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.0B | +287.4% |
| FY2024 | -$556.0M | -175.3% |
| FY2023 | $738.0M | -41.0% |
| FY2022 | $1.3B | -19.7% |
| FY2021 | $1.6B | +58.6% |
| FY2020 | $981.0M | +25.4% |
| FY2019 | $782.0M | -2.6% |
| FY2018 | $803.0M | -11.9% |
| FY2017 | $911.0M | -13.9% |
| FY2016 | $1.1B | +33.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026