BAC
Income statement / Annual
Last year (2024), Bank of America Corporation's total revenue was $192.43 B,
an increase of 11.94% from the previous year.
In 2024, Bank of America Corporation's net income was $27.13 B.
See Bank of America Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$192.43 B |
$171.91 B |
$115.05 B |
$93.85 B |
$93.75 B |
$113.59 B |
$109.63 B |
$99.47 B |
$93.66 B |
$93.51 B |
| Cost of Revenue |
$96.37 B
|
$77.73 B
|
$22.65 B
|
$144.00 M
|
$19.55 B
|
$25.94 B
|
$21.89 B
|
$15.74 B
|
$13.56 B
|
$13.71 B
|
| Gross Profit |
$96.07 B
|
$94.19 B
|
$92.41 B
|
$93.71 B
|
$74.21 B
|
$87.65 B
|
$87.74 B
|
$83.73 B
|
$80.10 B
|
$79.80 B
|
| Gross Profit Ratio |
0.5
|
0.55
|
0.8
|
1
|
0.79
|
0.77
|
0.8
|
0.84
|
0.86
|
0.85
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$44.17 B
|
$42.18 B
|
$40.47 B
|
$39.23 B
|
$36.02 B
|
$37.37 B
|
$35.99 B
|
$37.05 B
|
$41.81 B
|
$43.47 B
|
| Selling & Marketing Expenses |
$5.45 B
|
$5.54 B
|
$5.48 B
|
$5.82 B
|
$5.13 B
|
$4.70 B
|
$4.53 B
|
$4.79 B
|
$1.70 B
|
$1.81 B
|
| Selling, General & Administrative Expenses |
$49.62 B
|
$47.72 B
|
$45.95 B
|
$45.05 B
|
$41.16 B
|
$42.07 B
|
$40.52 B
|
$41.84 B
|
$43.52 B
|
$45.28 B
|
| Other Expenses |
$17.19 B
|
$18.13 B
|
$15.49 B
|
$14.68 B
|
$14.06 B
|
$12.83 B
|
$12.63 B
|
$12.68 B
|
$11.57 B
|
$12.33 B
|
| Operating Expenses |
$66.81 B
|
$65.85 B
|
$61.44 B
|
$59.73 B
|
$55.21 B
|
$54.90 B
|
$53.15 B
|
$54.52 B
|
$55.08 B
|
$57.62 B
|
| Cost And Expenses |
$163.18 B
|
$143.57 B
|
$84.08 B
|
$59.88 B
|
$74.76 B
|
$80.84 B
|
$75.04 B
|
$70.25 B
|
$68.64 B
|
$71.33 B
|
| Interest Income |
$146.61 B
|
$130.26 B
|
$72.57 B
|
$47.67 B
|
$51.59 B
|
$71.24 B
|
$66.77 B
|
$57.58 B
|
$51.06 B
|
$49.51 B
|
| Interest Expense |
$90.55 B
|
$73.33 B
|
$20.10 B
|
$4.74 B
|
$8.23 B
|
$22.35 B
|
$18.61 B
|
$12.34 B
|
$9.96 B
|
$10.55 B
|
| Depreciation & Amortization |
$2.19 B
|
$2.06 B
|
$1.98 B
|
$1.90 B
|
$1.84 B
|
$1.73 B
|
$2.06 B
|
$2.10 B
|
$2.24 B
|
$2.39 B
|
| EBITDA |
$31.44 B |
$30.40 B |
$32.95 B |
$35.87 B |
$20.84 B |
$34.48 B |
$36.65 B |
$31.32 B |
$27.26 B |
$24.58 B |
| EBITDA Ratio |
0.16
|
0.18
|
0.29
|
0.38
|
0.22
|
0.3
|
0.33
|
0.31
|
0.29
|
0.26
|
| Operating Income Ratio |
0.15
|
0.16
|
0.27
|
0.36
|
0.2
|
0.29
|
0.32
|
0.29
|
0.27
|
0.24
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$29.25 B
|
$28.34 B
|
$30.97 B
|
$33.98 B
|
$19.00 B
|
$32.75 B
|
$34.58 B
|
$29.21 B
|
$25.02 B
|
$22.19 B
|
| Income Before Tax Ratio |
0.15
|
0.16
|
0.27
|
0.36
|
0.2
|
0.29
|
0.32
|
0.29
|
0.27
|
0.24
|
| Income Tax Expense |
$2.12 B
|
$1.83 B
|
$3.44 B
|
$2.00 B
|
$1.10 B
|
$5.32 B
|
$6.44 B
|
$10.98 B
|
$7.20 B
|
$6.28 B
|
| Net Income |
$27.13 B
|
$26.52 B
|
$27.53 B
|
$31.98 B
|
$17.89 B
|
$27.43 B
|
$28.15 B
|
$18.23 B
|
$17.82 B
|
$15.91 B
|
| Net Income Ratio |
0.14
|
0.15
|
0.24
|
0.34
|
0.19
|
0.24
|
0.26
|
0.18
|
0.19
|
0.17
|
| EPS |
3.25 |
3.1 |
3.21 |
3.6 |
1.88 |
2.77 |
2.64 |
1.63 |
1.58 |
1.38 |
| EPS Diluted |
3.22 |
3.08 |
3.19 |
3.57 |
1.87 |
2.75 |
2.61 |
1.56 |
1.5 |
1.31 |
| Weighted Average Shares Out |
$7.74 B
|
$8.03 B
|
$8.11 B
|
$8.49 B
|
$8.75 B
|
$9.39 B
|
$10.10 B
|
$10.20 B
|
$10.28 B
|
$10.46 B
|
| Weighted Average Shares Out Diluted |
$7.84 B
|
$8.08 B
|
$8.17 B
|
$8.56 B
|
$8.80 B
|
$9.44 B
|
$10.24 B
|
$10.78 B
|
$11.05 B
|
$11.24 B
|
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