State Treasurer Todd Russ released the April 2026 State Tax Revenue Report, showing total monthly revenue of $2.5 billion, a 23.2% increase from April 2025. Revenues also rose 76.1% from March, driven by strong gains in income and sales tax collections. This marks a new high for the peak filing month of April. Over the last 12 months, Oklahoma revenues total $17.79 billion, up 5.3% year-over-year, marking continued strength in the state’s fiscal position.
“April’s report reflects a strong tax season in Oklahoma’s revenue, with income tax driving a significant increase in overall revenues,” said Treasurer Russ. “While much of the monthly growth is seasonal, the rolling 12-month total continues to strengthen, reinforcing Oklahoma’s long-term fiscal stability as we move into the second quarter of 2026.”
Key Takeaways from the April 2026 Tax Revenue Report
- Total Monthly Revenue: $2.5 billion, up 23.2% year-over-year and up 76.1% month-over-month, reflecting broad-based gains across major categories.
- Income Tax: $1.5 billion, up 36.7% from last year, driven by strong individual filings during tax season.
- Sales & Use Tax: $626.0 million, up 6.2% year-over-year, signaling continued stability in consumer spending.
- Gross Production Tax (oil & gas): $109.2 million, up 24.1% from last year, reflecting improved energy activity.
- Motor Vehicle Tax: $78.2 million, up 7.0% year-over-year, indicating steady vehicle-related activity.
- Other Sources: $144.2 million, down 3.1% year-over-year, reflecting mixed performance across smaller revenue streams.
- 12-Month Total: $17.79 billion, up $894.6 million (5.3%) year-over-year, demonstrating continued growth in Oklahoma’s overall fiscal base.
Revenue Trend and Economic Context
After a steadier pace early in the year, revenue growth strengthened in March and accelerated sharply in April. The 12-month ending revenue growth increased to 2.70% in April, marking the highest level in over a year and extending a streak of eight consecutive months of positive growth. This continued rise in the rolling annual total signals strengthening momentum beyond seasonal tax receipts and reinforces Oklahoma’s underlying fiscal stability.
Economic indicators show a more mixed but still stable environment. Oklahoma’s Business Conditions Index declined to 45.7, reflecting softer business activity driven in part by inventory adjustments rather than a sharp drop in demand. The state’s unemployment rate rose slightly to 3.9%, remaining below the national rate of 4.3%.
Inflation pressures increased noticeably, with the Consumer Price Index at 3.3%, while national conditions continue to evolve with shifting labor and price trends.
“Oklahoma’s economy continues to demonstrate strength and adaptability,” Treasurer Russ added. “Growth across key revenue sources, steady consumer activity, and improving long-term trends provide a strong foundation for the state’s economic outlook.”
The complete April 2026 Tax Revenue Report is available at treasurer.ok.gov, including breakdowns by tax category, sector, and month.
