Financials in USD. Standardized financial statements.
A compact view of how Bank of America Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $191.57B | $192.43B | $171.91B | $115.05B | $93.85B | $93.75B | $113.59B | $109.63B | $99.47B | $93.66B |
| Revenue Growth? | -0.5% | +11.9% | +49.4% | +22.6% | +0.1% | -17.5% | +3.6% | +10.2% | +6.2% | 0.0% |
| Cost of Revenue? | $84.14B | $96.37B | $77.72B | $22.65B | $144.00M | $19.55B | $25.93B | $21.89B | $15.74B | $13.56B |
| Gross Profit? | $107.42B | $96.07B | $94.19B | $92.41B | $93.71B | $74.21B | $87.65B | $87.74B | $83.73B | $80.10B |
| Gross Margin? | +56.1% | +49.9% | +54.8% | +80.3% | +99.8% | +79.2% | +77.2% | +80.0% | +84.2% | +85.5% |
| Operating Expenses? | $69.73B | $66.81B | $65.84B | $61.44B | $59.73B | $55.21B | $54.90B | $53.15B | $54.52B | $55.08B |
| Operating Income? | $37.70B | $29.25B | $28.34B | $30.97B | $33.98B | $19.00B | $32.75B | $34.58B | $29.21B | $25.02B |
| EBITDA? | $40.01B | $31.44B | $30.40B | $32.95B | $35.87B | $20.84B | $34.48B | $36.65B | $31.32B | $27.26B |
| Income Before Tax | $37.70B | $29.25B | $28.34B | $30.97B | $33.98B | $19.00B | $32.75B | $34.58B | $29.21B | $25.02B |
| Income Tax Expense | $7.19B | $2.12B | $1.83B | $3.44B | $2.00B | $1.10B | $5.32B | $6.44B | $10.98B | $7.20B |
| Net Income? | $30.51B | $27.13B | $26.52B | $27.53B | $31.98B | $17.89B | $27.43B | $28.15B | $18.23B | $17.82B |
| EPS? | $3.88 | $3.25 | $3.10 | $3.21 | $3.60 | $1.88 | $2.77 | $2.64 | $1.63 | $1.58 |
| Diluted EPS? | $3.82 | $3.22 | $3.08 | $3.19 | $3.57 | $1.87 | $2.75 | $2.61 | $1.56 | $1.50 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality