Bank of America Corporation
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.38B | $25.82B | $26.15B | $25.17B | $25.20B | $26.26B | $24.53B | $24.50B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $7.56B | $29.52B | $29.00B | $27.34B | $26.23B | $23.30B | $18.29B | $14.16B |
| Operating Margin | 29.8% | 114.3% | 110.9% | 108.6% | 104.1% | 88.7% | 74.6% | 57.8% |
| Interest Expense | — | $22.25B | $21.68B | $19.25B | $18.20B | $14.21B | $10.39B | $5.86B |
| Pretax Income | $7.56B | $7.26B | $7.31B | $8.10B | $8.03B | $9.09B | $7.90B | $8.30B |
| Income Tax Expense | $663.0M | $588.0M | $4.38B | $293.0M | $626.0M | $928.0M | $765.0M | $1.22B |
| Net Income | $6.90B | $6.67B | $2.93B | $7.80B | $7.41B | $8.16B | $7.13B | $7.08B |
| Net Margin | 27.2% | 25.9% | 11.2% | 31.0% | 29.4% | 31.1% | 29.1% | 28.9% |
| EPS (Basic) | $0.83 | $0.77 | $0.33 | $0.91 | $0.88 | $0.95 | $0.86 | $0.81 |
| EPS (Diluted) | $0.83 | $0.76 | $0.33 | $0.90 | $0.88 | $0.94 | $0.85 | $0.81 |
| Shares Outstanding (Basic) | 7.90B | 7.97B | 8.03B | 8.02B | 8.04B | 8.07B | 8.11B | 8.11B |
| Shares Outstanding (Diluted) | 7.96B | 8.03B | 8.08B | 8.08B | 8.08B | 8.18B | 8.17B | 8.16B |
| Dividends Per Share | $0.24 | $0.24 | — | — | — | — | — | — |