Income tax
Income tax is the charge for tax on the year's profit, as reported in the income statement — the line between pre-tax profit and net income.
How it is computed here
| Formula | as reported in the income statement (current tax + deferred tax) |
|---|---|
| Unit | Currency amount |
| Period | One fiscal year, as reported |
| Source | Extracted from SEC filings; every value on an asset page carries the accounting tag and the filing it came from |
| Identifier | imposto |
What goes into the formula
| Current tax | What the company expects to actually pay to tax authorities for this year. |
|---|---|
| Deferred tax | The accounting adjustment for differences between how profit is measured for shareholders and how it is measured for the tax authority. It can be negative, and in a year of large write-downs it can turn the whole line into a credit. |
A formula without its inputs explained is decoration. Where an input is missing from a filing, the metric is left empty here rather than completed with a zero or an estimate.
How to calculate income tax, step by step
A profitable company in a normal year.
| Operating income | $400M |
|---|---|
| Interest paid | $50M |
| Income tax | $74M |
- Pre-tax profit = 400 − 50 = $350M.
- Net income = 350 − 74 = $276M.
- Effective tax rate = 74 ÷ 350 = 21.1%.
Result: $74M of tax, a 21.1% effective rate
The effective rate is what the company was actually charged, and it is rarely the statutory rate of any single country.
The figures in this example are illustrative and rounded — they are not a real company. The real figures on this site are the live ones below and on every asset page, each carrying the filing it came from.
What income tax is good for
Tax is often the second largest cost on the statement and the one most likely to change without the business changing. A company that moves profit between jurisdictions, or that finally uses up accumulated losses, shows a step change in net income that has nothing to do with how it traded.
What this number does not tell you
This is the tax CHARGED for accounting purposes, not the cash paid to any government — the two differ, sometimes by a lot, and the difference is the deferred component. A negative figure here is a credit, not a refund cheque. And a low effective rate says nothing on its own about aggressiveness: it may be losses carried forward, a research credit, or where the customers happen to be.
Every metric on this site is published with its blind spot stated. A figure without its limit is half a fact.
Highest reported income tax
| MSFTMICROSOFT CORPORATION | $32.2B |
|---|---|
| GOOGAlphabet Inc. | $26.7B |
| GOOGLAlphabet Inc. | $26.7B |
| METAMeta Platforms, Inc. | $25.5B |
| NVDANVIDIA CORP | $21.4B |
| AAPLApple Inc. | $20.7B |
| EQNREQUINOR ASA | $20.0B |
| AMZNAMAZON COM INC | $19.1B |
From the most recent fiscal year of each company. Only companies reporting in US dollars are ranked here — a figure in yen or won is not larger, it is in another currency.
See it in a published filing
These pages show the figure across up to nineteen fiscal years, with the accounting tag and the filing behind every value.