Bank of America (BAC) Financial Statements & Analysis

Bank of America (BAC) Income Statement

Bank of America reported revenue of $113.10B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 13.1% from $100.03B a year earlier. Net income was $30.51B, up 20.4% year over year, a net margin of 27.0%. Gross margin was 95.0% and operating margin 33.3%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $28.69B, down 40.5% from the same quarter a year earlier.

Bank of America Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Bank of America Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	113.10	100.04	171.91	94.95	93.85	93.75	113.59	109.63	99.47
Cost of Revenue	84.15	96.37	77.73	22.65	0.14	19.55	25.94	21.89	15.74
Gross Profit	107.42	96.07	94.19	92.41	93.71	74.21	87.65	87.74	83.73
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	52.25	15.35	47.72	45.95	45.05	41.16	42.07	40.52	41.84
Operating Expenses	69.73	66.81	65.85	61.44	59.73	55.21	54.90	53.15	54.52
Operating Income	37.70	29.25	28.34	30.97	33.98	19.00	32.75	34.58	29.21
Other Income/Expense
Interest Income	138.57	146.61	130.26	72.57	47.67	51.59	71.24	66.77	57.58
Interest Expense	78.47	90.55	73.33	20.10	4.74	8.23	22.35	18.61	12.34
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	37.70	33.22	28.34	30.97	33.98	19.00	32.75	34.58	29.21
Income Tax Expense	7.19	6.25	1.83	3.44	2.00	1.10	5.32	6.44	10.98
Net Income	30.51	25.34	26.52	27.53	31.98	17.89	27.43	28.15	18.23
Net Income - Continuous Operations	30.51	27.13	26.52	27.53	31.98	17.89	27.43	28.15	18.23
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	40.01	2.19	30.40	32.95	35.87	20.84	34.48	36.65	31.32
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.31	2.19	2.06	1.98	1.90	1.84	1.73	2.06	2.10
Earnings Per Share
Basic EPS	4.00	3.00	3.00	3.00	4.00	2.00	3.00	3.00	2.00
Diluted EPS	4.00	3.00	3.00	3.00	4.00	2.00	3.00	3.00	2.00
Basic Shares Outstanding	7.52	7.86	8.03	8.11	8.49	8.75	9.39	10.10	10.20
Diluted Shares Outstanding	7.68	7.94	8.08	8.17	8.56	8.80	9.44	10.24	10.78

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Bank of America Financial Statements

What was Bank of America's revenue in fiscal 2025?

Bank of America reported revenue of $113.10B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 13.1% from $100.03B a year earlier.

Is Bank of America profitable?

Yes. Bank of America earned net income of $30.51B in fiscal 2025, a net margin of 27.0%. In fiscal 2024 it earned $25.34B.

What is Bank of America's operating margin?

Bank of America's operating income was $37.70B on revenue of $113.10B in fiscal 2025, an operating margin of 33.3%, compared with 29.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition