Bank of America Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $113.10B | $101.89B | $98.58B | $94.95B | $89.11B | $85.53B | $91.24B | $91.25B |
| Consumer Banking | $43.67B | $41.44B | $42.03B | $38.64B | $34.01B | $33.26B | $38.59B | $37.52B |
| Global Wealth & Investment Management | $24.88B | $22.93B | $21.11B | $21.75B | $20.75B | $18.58B | $19.54B | $19.34B |
| Global Banking | $24.11B | $23.96B | $24.80B | $22.23B | $20.88B | $18.99B | $20.48B | $19.64B |
| Global Markets | $24.10B | $21.81B | $19.53B | $18.14B | $19.26B | $18.77B | $15.61B | $16.06B |
| All Other | $-3.05B | $-7.63B | $-8.31B | $-5.36B | $-5.34B | $-3.57B | $-2.38B | $-711.0M |
| FTE Adjustment | $-609.0M | $-619.0M | $-567.0M | $-438.0M | $-427.0M | $-499.0M | $-595.0M | $-610.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $37.70B | $33.22B | $105.86B | $51.07B | $38.71B | $27.22B | $55.10B | $53.19B |
| Operating Margin | 33.3% | 32.6% | 107.4% | 53.8% | 43.4% | 31.8% | 60.4% | 58.3% |
| Interest Expense | — | — | $73.33B | $20.10B | $4.74B | $8.23B | $22.35B | $18.61B |
| Pretax Income | $37.70B | $33.22B | $32.53B | $30.97B | $33.98B | $19.00B | $32.75B | $34.58B |
| Income Tax Expense | $7.19B | $6.25B | $6.23B | $3.44B | $2.00B | $1.10B | $5.32B | $6.44B |
| Net Income | $30.51B | $26.97B | $26.31B | $27.53B | $31.98B | $17.89B | $27.43B | $28.15B |
| Net Margin | 27.0% | 26.5% | 26.7% | 29.0% | 35.9% | 20.9% | 30.1% | 30.8% |
| EPS (Basic) | $3.86 | $3.23 | $3.07 | $3.21 | $3.60 | $1.88 | $2.77 | $2.64 |
| EPS (Diluted) | $3.81 | $3.19 | $3.05 | $3.19 | $3.57 | $1.87 | $2.75 | $2.61 |
| Shares Outstanding (Basic) | 7.52B | 7.86B | 8.03B | 8.11B | 8.49B | 8.75B | 9.39B | 10.10B |
| Shares Outstanding (Diluted) | 7.68B | 7.94B | 8.08B | 8.17B | 8.56B | 8.80B | 9.44B | 10.24B |
| Dividends Per Share | $1.08 | $1.00 | $0.92 | $0.86 | $0.78 | $0.72 | $0.66 | $0.54 |