BAC
Income statement / Annual
Last year (2023), Bank of America Corporation's total revenue was $95.79 B,
an increase of 3.66% from the previous year.
In 2023, Bank of America Corporation's net income was $26.52 B.
See Bank of America Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$95.79 B
|
$92.41 B
|
$93.71 B
|
$74.21 B
|
$85.58 B
|
$87.74 B
|
$83.73 B
|
$80.10 B
|
$79.80 B
|
$83.62 B
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$95.79 B |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit Ratio |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| 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 |
$42.18 B
|
$8.42 B
|
$7.54 B
|
$6.92 B
|
$6.24 B
|
$6.25 B
|
$6.42 B
|
$5.72 B
|
$6.20 B
|
$6.88 B
|
| Selling & Marketing
Expenses |
$5.54 B
|
$1.83 B
|
$1.94 B
|
$1.70 B
|
$1.93 B
|
$1.67 B
|
$1.75 B
|
$1.70 B
|
$1.81 B
|
$1.83 B
|
| Selling, General &
Administrative Expenses |
$56.29 B
|
$53.76 B
|
$52.76 B
|
$48.48 B
|
$46.74 B
|
$46.19 B
|
$46.36 B
|
$45.29 B
|
$46.90 B
|
$48.88 B
|
| Other Expenses |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$56.29 B |
$53.76 B |
$52.76 B |
$48.48 B |
$46.74 B |
$46.19 B |
$46.36 B |
$45.29 B |
$46.90 B |
$48.88 B |
| Cost And Expenses |
$56.29 B |
$53.76 B |
$52.76 B |
$48.48 B |
$46.74 B |
$46.19 B |
$46.36 B |
$45.29 B |
$46.90 B |
$48.88 B |
| Interest Income |
$130.26 B |
$72.57 B |
$47.67 B |
$51.59 B |
$71.24 B |
$66.77 B |
$57.58 B |
$51.06 B |
$49.80 B |
$50.89 B |
| Interest Expense |
$73.33 B |
$20.10 B |
$4.74 B |
$8.23 B |
$22.35 B |
$18.61 B |
$12.91 B |
$9.96 B |
$10.55 B |
$10.93 B |
| Depreciation &
Amortization |
$2.06 B
|
$1.98 B
|
$1.90 B
|
$1.84 B
|
$1.73 B
|
$2.06 B
|
$2.10 B
|
$2.24 B
|
$834.00 M
|
$936.00 M
|
| EBITDA |
$30.40 B
|
$38.64 B
|
$40.95 B
|
$25.73 B
|
$38.84 B
|
$41.55 B
|
$37.37 B
|
$26.05 B
|
$32.91 B
|
$34.74 B
|
| EBITDA Ratio |
0.32 |
0.35 |
0.4 |
0.28 |
0.4 |
0.42 |
0.37 |
0.32 |
0.29 |
0.12 |
| Operating Income Ratio
|
0.41
|
0.42
|
0.44
|
0.35
|
0.45
|
0.47
|
0.45
|
0.43
|
0.41
|
0.42
|
| Total Other
Income/Expenses Net |
-$11.16 B
|
-$7.67 B
|
-$6.97 B
|
-$6.73 B
|
-$6.09 B
|
-$6.97 B
|
-$8.16 B
|
-$9.80 B
|
-$10.72 B
|
-$26.78 B
|
| Income Before Tax |
$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 |
$7.96 B |
| Income Before Tax Ratio
|
0.3
|
0.34
|
0.36
|
0.26
|
0.38
|
0.39
|
0.35
|
0.31
|
0.28
|
0.1
|
| Income Tax Expense |
$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 |
$2.44 B |
| Net Income |
$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 |
$5.52 B |
| Net Income Ratio |
0.28 |
0.3 |
0.34 |
0.24 |
0.32 |
0.32 |
0.22 |
0.22 |
0.2 |
0.07 |
| EPS |
3.1 |
3.21 |
3.6 |
1.88 |
2.77 |
2.64 |
1.63 |
1.57 |
1.38 |
0.43 |
| EPS Diluted |
3.08 |
3.19 |
3.57 |
1.87 |
2.75 |
2.61 |
1.56 |
1.49 |
1.31 |
0.42 |
| Weighted Average Shares
Out |
$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
|
$10.53 B
|
| Weighted Average Shares
Out Diluted |
$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
|
$10.58 B
|
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