Companies with the highest income tax expense
Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Alphabet (GOOGL) tops the list with $26.7B in income tax expense for fiscal 2025, ahead of Meta Platforms ($25.5B) and Microsoft ($21.8B). The top 10 together report $198B in income tax expense; the gap between #1 and #10 is ×2.29. 2320 SEC filers report income tax expense; the list shows the top 100. The last place on the list, Deutsche Bank Aktiengesellschaft, comes in at $1.6B.
| # | Company | Income tax expense | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | AlphabetGOOGLUSTechnology | $26.7B | +35.3% | |
| 2 | Meta PlatformsMETAUSTechnology | $25.5B | +206.8% | |
| 3 | MicrosoftMSFTUSTechnology | $21.8B | +10.9% | |
| 4 | NVIDIANVDAUSTechnology | $21.4B | +91.8% | |
| 5 | AppleAAPLUSTechnology | $20.7B | −30.4% | |
| 6 | EquinorEQNRNOEnergy | $20.0B | −9.6% | |
| 7 | AmazonAMZNUSConsumer discretionary | $19.1B | +106.0% | |
| 8 | JPMorgan ChaseJPMUSFinancials | $15.5B | −6.4% | |
| 9 | Berkshire HathawayBRK-BUSFinancials | $15.2B | −27.0% | |
| 10 | ShellSHELGBEnergy | $11.6B | −13.2% | |
| 11 | TotalenergiesTTEFREnergy | $9.1B | −15.6% | |
| 12 | ChevronCVXUSEnergy | $7.3B | −25.6% | |
| 13 | BHP GroupBHPAUMaterials | $7.2B | +11.8% | |
| 14 | WalmartWMTUSConsumer discretionary | $7.2B | +17.0% | |
| 15 | Bank of AmericaBACUSFinancials | $7.2B | +15.0% | |
| 16 | QualcommQCOMUSTechnology | $7.1B | +3,051.3% | |
| 17 | BPBPGBEnergy | $6.5B | +16.2% | |
| 18 | ComcastCMCSAUSCommunication services | $6.1B | +118.4% | |
| 19 | Johnson & JohnsonJNJUSHealthcare | $5.8B | +120.4% | |
| 20 | CitigroupCUSFinancials | $5.4B | +27.6% | |
| 21 | Eli LillyLLYUSHealthcare | $5.1B | +143.6% | |
| 22 | Verizon CommunicationsVZUSCommunication services | $5.1B | +0.7% | |
| 23 | Morgan StanleyMSUSFinancials | $4.9B | +21.2% | |
| 24 | Goldman SachsGSUSFinancials | $4.7B | +13.5% | |
| 25 | ConocoPhillipsCOPUSEnergy | $4.7B | +5.4% | |
| 26 | NewmontNEMUSMaterials | $4.6B | +229.0% | |
| 27 | Home DepotHDUSConsumer discretionary | $4.4B | −3.3% | |
| 28 | Alibaba GroupBABAHKTechnology | $4.4B | −10.8% | |
| 29 | Rio TintoRIOGBMaterials | $4.3B | +6.9% | |
| 30 | Novo Nordisk A SNVODKHealthcare | $4.3B | +11.9% | |
| 31 | Mitsubishi Ufj FinancialMUFGJPFinancials | $4.2B | +19.9% | |
| 32 | VisaVUSTechnology | $4.1B | −0.9% | |
| 33 | Procter & GamblePGUSConsumer staples | $4.1B | +8.3% | |
| 34 | Wells FargoWFCUSFinancials | $3.8B | +13.0% | |
| 35 | Royal Bank of CanadaRYCAFinancials | $3.8B | +42.9% | |
| 36 | AT&TTUSCommunication services | $3.6B | −18.5% | |
| 37 | Federal National Mortgage Association Fannie MaeFNMAUSFinancials | $3.6B | −15.7% | |
| 38 | MastercardMAUSTechnology | $3.6B | +51.7% | |
| 39 | ING GroepINGNLFinancials | $3.6B | +52.8% | |
| 40 | EniEITEnergy | $3.4B | −15.4% | |
| 41 | SAPSAPDETechnology | $3.3B | +90.4% | |
| 42 | T-Mobile USTMUSUSCommunication services | $3.3B | −2.5% | |
| 43 | PDD HoldingsPDDIETechnology | $3.1B | +11.9% | |
| 44 | American ExpressAXPUSFinancials | $3.0B | +7.1% | |
| 45 | ProgressivePGRUSFinancials | $2.9B | +30.5% | |
| 46 | AllstateALLUSFinancials | $2.9B | +148.7% | |
| 47 | Coca ColaKOUSConsumer staples | $2.9B | +17.4% | |
| 48 | Anheuser-Busch InBevBUDBEConsumer staples | $2.9B | −9.6% | |
| 49 | MerckMRKUSHealthcare | $2.8B | +0.0% | |
| 50 | UnileverULGBConsumer staples | $2.8B | +11.1% | |
| 51 | CaterpillarCATUSIndustrials | $2.8B | +5.3% | |
| 52 | British American Tobacco P.L.CBTIGBConsumer staples | $2.8B | +505.1% | |
| 53 | Philip Morris InternationalPMUSConsumer staples | $2.7B | −9.3% | |
| 54 | Costco WholesaleCOSTUSConsumer discretionary | $2.7B | +14.6% | |
| 55 | ValeVALEBRMaterials | $2.7B | +270.3% | |
| 56 | Federal Home Loan MortgageFMCCUSFinancials | $2.6B | −9.9% | |
| 57 | Schwab CharlesSCHWUSFinancials | $2.6B | +49.0% | |
| 58 | BarclaysBCSGBFinancials | $2.5B | +13.4% | |
| 59 | Lloyds BankingLYGGBFinancials | $2.5B | +31.5% | |
| 60 | Natwest GroupNWGGBFinancials | $2.5B | +32.0% | |
| 61 | Southern CopperSCCOUSMaterials | $2.5B | +25.0% | |
| 62 | OracleORCLUSTechnology | $2.5B | +43.7% | |
| 63 | Altria GroupMOUSConsumer staples | $2.4B | +2.0% | |
| 64 | Toronto Dominion BankTDCAFinancials | $2.4B | +24.2% | |
| 65 | AccentureACNIETechnology | $2.4B | +6.9% | |
| 66 | ChubbCBCHFinancials | $2.4B | +33.4% | |
| 67 | Mizuho FinancialMFGJPFinancials | $2.4B | +82.4% | |
| 68 | AbbVieABBVUSHealthcare | $2.4B | +$2.9B | |
| 69 | McDonald'sMCDUSConsumer discretionary | $2.3B | +10.0% | |
| 70 | ASML HoldingASMLNLIndustrials | $2.3B | +25.1% | |
| 71 | Applied MaterialsAMATUSTechnology | $2.3B | +133.1% | |
| 72 | Bristol Myers SquibbBMYUSHealthcare | $2.3B | +310.1% | |
| 73 | HDFC BankHDBINFinancials | $2.3B | +10.3% | |
| 74 | Agnico Eagle MinesAEMCAMaterials | $2.2B | +142.2% | |
| 75 | Freeport-McmoranFCXUSMaterials | $2.2B | −12.0% | |
| 76 | AstraZenecaAZNGBHealthcare | $2.2B | +31.5% | |
| 77 | AzulAZULBRIndustrials | $2.1B | +$2.2B | |
| 78 | Lowe's CompaniesLOWUSConsumer discretionary | $2.1B | −4.7% | |
| 79 | SalesforceCRMUSTechnology | $2.1B | +66.2% | |
| 80 | HCA HealthcareHCAUSHealthcare | $2.1B | +9.9% | |
| 81 | Union PacificUNPUSIndustrials | $2.0B | −0.9% | |
| 82 | Bank of MontrealBMOCAFinancials | $2.0B | +25.4% | |
| 83 | Westpac BankingWEBNFAUFinancials | $2.0B | −2.5% | |
| 84 | LindeLINGBMaterials | $2.0B | −0.6% | |
| 85 | Bank of Nova ScotiaBNSCAFinancials | $2.0B | +32.7% | |
| 86 | PepsiCoPEPUSConsumer staples | $1.9B | −16.0% | |
| 87 | Abbott LaboratoriesABTUSHealthcare | $1.9B | +$8.3B | |
| 88 | US BancorpUSBUSFinancials | $1.9B | +21.6% | |
| 89 | UnitedHealth GroupUNHUSHealthcare | $1.9B | −60.9% | |
| 90 | TJX CompaniesTJXUSConsumer discretionary | $1.8B | +11.5% | |
| 91 | Canadian Imperial Bank of CommerceCMCAFinancials | $1.8B | +21.0% | |
| 92 | NetflixNFLXUSCommunication services | $1.7B | +38.9% | |
| 93 | Canadian Natural ResourcesCNQCAEnergy | $1.7B | +21.5% | |
| 94 | Ypf Sociedad AnonimaYPFAREnergy | $1.7B | +$3.1B | |
| 95 | Barclays BankATMPGBFinancials | $1.7B | +32.7% | |
| 96 | Charter CommunicationsCHTRUSCommunication services | $1.7B | +2.6% | |
| 97 | BlackRockBLKUSFinancials | $1.7B | −5.9% | |
| 98 | RTXRTXUSIndustrials | $1.7B | +40.9% | |
| 99 | Barrick MiningBCAMaterials | $1.7B | +8.6% | |
| 100 | Deutsche Bank AktiengesellschaftDBUSFinancials | $1.6B | +$1.7B |
All figures from SEC filings · FY2025 · 100
see sources
- Alphabet 0001652044-26-000018
- Meta Platforms 0001628280-26-003942
- Microsoft 0001193125-26-323660
- NVIDIA 0001045810-26-000021
- Apple 0000320193-25-000079
- Equinor 0001140625-26-000013
- Amazon 0001018724-26-000004
- JPMorgan Chase 0001628280-26-008131
- Berkshire Hathaway 0001193125-26-083899
- Shell 0001628280-26-017024
- Totalenergies 0001104659-26-035876
- Chevron 0000093410-26-000078
- BHP Group 0001193125-25-185641
- Walmart 0000104169-26-000055
- Bank of America 0000070858-26-000157
- Qualcomm 0000804328-25-000085
- BP 0000313807-26-000006
- Comcast 0001628280-26-004994
- Johnson & Johnson 0000200406-26-000016
- Citigroup 0000831001-26-000011
- Eli Lilly 0000059478-26-000013
- Verizon Communications 0000732712-26-000007
- Morgan Stanley 0000895421-26-000086
- Goldman Sachs 0000886982-26-000091
- ConocoPhillips 0001163165-26-000009
- Newmont 0001164727-26-000010
- Home Depot 0001628280-26-019436
- Alibaba Group 0001193125-26-231755
- Rio Tinto 0001628280-26-009531
- Novo Nordisk A S 0000353278-26-000012
- Mitsubishi Ufj Financial 0001628280-26-047095
- Visa 0001403161-25-000089
- Procter & Gamble 0000080424-26-000103
- Wells Fargo 0000072971-26-000133
- Royal Bank of Canada 0001193125-25-305927
- AT&T 0000732717-26-000120
- Federal National Mortgage Association Fannie Mae 0000310522-26-000015
- Mastercard 0001141391-26-000013
- ING Groep 0001628280-26-011979
- Eni 0001554855-26-000390
- SAP 0001104659-26-020058
- T-Mobile US 0001283699-26-000010
- PDD Holdings 0001104659-26-050727
- American Express 0000004962-26-000080
- Progressive 0000080661-26-000086
- Allstate 0000899051-26-000031
- Coca Cola 0001628280-26-010047
- Anheuser-Busch InBev 0001193125-26-088105
- Merck 0000310158-26-000063
- Unilever 0000217410-26-000007
- Caterpillar 0000018230-26-000008
- British American Tobacco P.L.C 0001303523-26-000017
- Philip Morris International 0001628280-26-005939
- Costco Wholesale 0000909832-25-000101
- Vale 0001292814-26-001844
- Federal Home Loan Mortgage 0001026214-26-000021
- Schwab Charles 0000316709-26-000009
- Barclays 0000312069-26-000004
- Lloyds Banking 0001160106-26-000010
- Natwest Group 0001104659-26-016245
- Southern Copper 0001104659-26-021492
- Oracle 0001193125-26-277521
- Altria Group 0000764180-26-000017
- Toronto Dominion Bank 0001562762-25-000289
- Accenture 0001467373-25-000217
- Chubb 0000896159-26-000005
- Mizuho Financial 0001193125-26-283791
- AbbVie 0001551152-26-000008
- McDonald's 0000063908-26-000035
- ASML Holding 0001628280-26-011378
- Applied Materials 0001628280-25-056742
- Bristol Myers Squibb 0000014272-26-000004
- HDFC Bank 0001193125-26-322004
- Agnico Eagle Mines 0001104659-26-032153
- Freeport-Mcmoran 0000831259-26-000012
- AstraZeneca 0001104659-26-019130
- Azul 0001628280-26-023423
- Lowe's Companies 0000060667-26-000029
- Salesforce 0001108524-26-000060
- HCA Healthcare 0001193125-26-044769
- Union Pacific 0000100885-26-000037
- Bank of Montreal 0001193125-25-307982
- Westpac Banking 0001104659-25-105894
- Linde 0001628280-26-011430
- Bank of Nova Scotia 0001193125-25-304643
- PepsiCo 0000077476-26-000007
- Abbott Laboratories 0001628280-26-010185
- US Bancorp 0000036104-26-000011
- UnitedHealth Group 0000731766-26-000062
- TJX Companies 0000109198-26-000008
- Canadian Imperial Bank of Commerce 0001193125-25-307488
- Netflix 0001065280-26-000034
- Canadian Natural Resources 0001017413-26-000018
- Ypf Sociedad Anonima 0001193125-26-126363
- Barclays Bank 0000312070-26-000006
- Charter Communications 0001091667-26-000017
- BlackRock 0001193125-26-071966
- RTX 0000101829-26-000006
- Barrick Mining 0001193125-26-079253
- Deutsche Bank Aktiengesellschaft 0001159508-24-000021
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-with-the-highest-income-tax-expense">Companies with the highest income tax expense</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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{{cite web |title=Companies with the highest income tax expense |url=https://companiesranked.com/en/companies-with-the-highest-income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Companies with the highest income tax expense. CompaniesRanked. https://companiesranked.com/en/companies-with-the-highest-income-tax-expenseBibTeX
@misc{companiesranked-en-companies-with-the-highest-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Companies with the highest income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.