Bank of America Corp.

BAC ·Financial, Banks - Diversified, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $113.10B $101.89B $98.58B $94.95B $89.11B $85.53B $91.24B
Consumer Banking $43.67B $41.44B $42.03B $38.64B $34.01B $33.26B $38.59B
Global Wealth & Investment Management $24.88B $22.93B $21.11B $21.75B $20.75B $18.58B $19.54B
Global Banking $24.11B $23.96B $24.80B $22.23B $20.88B $18.99B $20.48B
Global Markets $24.10B $21.81B $19.53B $18.14B $19.26B $18.77B $15.61B
All Other $-3.05B $-7.63B $-8.31B $-5.36B $-5.34B $-3.57B $-2.38B
FTE Adjustment $-609.0M $-619.0M $-567.0M $-438.0M $-427.0M $-499.0M $-595.0M
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
Operating Margin 33.3% 32.6% 107.4% 53.8% 43.4% 31.8% 60.4%
Interest Expense $73.33B $20.10B $4.74B $8.23B $22.35B
Pretax Income $37.70B $33.22B $32.53B $30.97B $33.98B $19.00B $32.75B
Income Tax Expense $7.19B $6.25B $6.23B $3.44B $2.00B $1.10B $5.32B
Net Income $30.51B $26.97B $26.31B $27.53B $31.98B $17.89B $27.43B
Net Margin 27.0% 26.5% 26.7% 29.0% 35.9% 20.9% 30.1%
EPS (Basic) $3.86 $3.23 $3.07 $3.21 $3.60 $1.88 $2.77
EPS (Diluted) $3.81 $3.19 $3.05 $3.19 $3.57 $1.87 $2.75
Shares Outstanding (Basic) 7.18B 7.52B 7.86B 8.03B 8.11B 8.49B 8.75B 9.39B
Shares Outstanding (Diluted) 7.18B 7.68B 7.94B 8.08B 8.17B 8.56B 8.80B 9.44B
Dividends Per Share $1.08 $1.00 $0.92 $0.86 $0.78 $0.72 $0.66
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