Bank of America Corporation (BAC-PS) — Financial statements
Income statement, balance sheet, and cash flow for Bank of America Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 191,567↓0.5% | 192,434↑11.9% | 171,912↑49.4% | 115,053↑22.6% | 93,851 | |
| Cost of Revenue | 84,145↓12.7% | 96,368↑24.0% | 77,725↑243.2% | 22,646↑15626.4% | 144 | |
| Gross Profit | 107,422↑11.8% | 96,066↑2.0% | 94,187↑1.9% | 92,407↓1.4% | 93,707 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 46,118↑4.4% | 44,173↑4.7% | 42,180↑4.2% | 40,468↑3.2% | 39,229 | |
| Selling & Marketing Expenses | 6,128↑12.4% | 5,450↓1.5% | 5,535↑1.0% | 5,478↓5.9% | 5,820 | |
| SG&A Expenses | 52,246↑5.3% | 49,623↑4.0% | 47,715↑3.9% | 45,946↑2.0% | 45,049 | |
| Other Expenses | 17,481↑1.7% | 17,189↓5.2% | 18,130↑17.0% | 15,492↑5.5% | 14,682 | |
| Operating Expenses | 69,727↑4.4% | 66,812↑1.5% | 65,845↑7.2% | 61,438↑2.9% | 59,731 | |
| Total Costs & Expenses | 153,872↓5.7% | 163,180↑13.7% | 143,570↑70.7% | 84,084↑40.4% | 59,875 | |
| Operating Results | ||||||
| Operating Income | 37,695↑28.9% | 29,254↑3.2% | 28,342↓8.5% | 30,969↓8.9% | 33,976 | |
| Depreciation & Amortization | 2,314↑5.7% | 2,189↑6.4% | 2,057↑4.0% | 1,978↑4.2% | 1,898 | |
| EBITDA | 40,009↑27.2% | 31,443↑3.4% | 30,399↓7.7% | 32,947↓8.2% | 35,874 | |
| EBIT | 37,695↑28.9% | 29,254↑3.2% | 28,342↓8.5% | 30,969↓8.9% | 33,976 | |
| Interest & Other Income | ||||||
| Net Interest Income | 60,096↑7.2% | 56,060↓1.5% | 56,931↑8.5% | 52,462↑22.2% | 42,934 | |
| Interest Income | 138,566↓5.5% | 146,607↑12.5% | 130,262↑79.5% | 72,565↑52.2% | 47,672 | |
| Interest Expense | 78,470↓13.3% | 90,547↑23.5% | 73,331↑264.8% | 20,103↑324.3% | 4,738 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 37,695↑28.9% | 29,254↑3.2% | 28,342↓8.5% | 30,969↓8.9% | 33,976 | |
| Income Tax Expense | 7,186↑238.6% | 2,122↑16.1% | 1,827↓46.9% | 3,441↑72.2% | 1,998 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 30,509↑12.4% | 27,132↑2.3% | 26,515↓3.7% | 27,528↓13.9% | 31,978 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 30,509↑12.4% | 27,132↑2.3% | 26,515↓3.7% | 27,528↓13.9% | 31,978 | |
| Bottom-Line Net Income | 29,055↑13.9% | 25,503↑2.6% | 24,866↓4.4% | 26,015↓14.9% | 30,557 | |
| EPS (Basic) | 3.88↑19.4% | 3.25↑4.8% | 3.10↓3.4% | 3.21↓10.8% | 3.60 | |
| EPS (Diluted) | 3.82↑18.6% | 3.22↑4.5% | 3.08↓3.4% | 3.19↓10.6% | 3.57 | |
| Weighted Average Shares | 7,365↓4.8% | 7,738↓3.6% | 8,029↓1.0% | 8,114↓4.5% | 8,493 | |
| Weighted Average Diluted Shares | 7,547↓3.8% | 7,844↓2.9% | 8,081↓1.1% | 8,168↓4.6% | 8,558 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.