Bank of America Corporati... (BAC-PL)
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Income Statement (Annual)

Get detailed income statement breakdowns, uncovering revenue, expenses, and much more.
Year FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 FY05 FY04 FY03 FY02 FY01 FY00 FY99 FY98 FY97 FY96 FY95 FY94 FY93 FY92
Revenue 98.58B 92.41B 93.71B 74.21B 85.58B 87.74B 83.73B 80.10B 79.80B 83.62B 83.95B 73.56B 86.09B 104.96B 109.63B 72.24B 62.26B 69.39B 57.17B 51.02B 38.83B 35.12B 35.11B 32.96B 32.55B 31.50B 13.05B 10.04B 8.54B 7.81B 6.82B 6.26B
Cost of Revenue 2.79B - - - - - - - - - - - - 23.39B 22.35B 12.78B 9.67B 8.73B 7.91B 8.03B - - - - - - - - - - - -
Gross Profit 95.79B - - - - - - - - - - - 86.09B 81.57B 87.28B 59.47B 52.59B 60.66B 49.27B 42.98B 38.83B 35.12B 35.11B 32.96B 32.55B 31.50B 13.05B 10.04B 8.54B 7.81B 6.82B 6.26B
Operating Income 39.50B 38.64B 40.95B 25.73B 38.84B 41.55B 37.37B 34.82B 32.91B 34.74B 33.13B 2.74B -230.00M -1.32B 4.36B 4.43B 20.92B 31.97B 24.48B 21.22B 15.86B 12.99B 10.12B 11.79B 12.21B 8.05B 4.80B 3.63B 2.99B 2.56B 2.19B 1.40B
Interest Income 130.26B 72.56B 47.67B 51.59B 71.24B 66.77B 57.58B 51.06B 49.80B 50.89B 55.02B 57.40B 66.24B 75.50B 77.92B 85.68B 87.30B 78.58B 58.63B 43.23B 31.64B 32.16B 38.29B 43.26B 37.32B 38.59B 16.58B 13.80B 13.22B 10.53B 8.21B 7.78B
Pretax Income 28.34B 30.97B 33.98B 19.00B 32.75B 34.58B 29.21B 25.02B 22.19B 7.96B 14.73B 3.07B -230.00M -1.32B 4.36B 4.43B 20.92B 31.97B 24.48B 21.22B 15.86B 12.99B 10.12B 11.79B 12.21B 8.05B 4.80B 3.63B 2.99B 2.56B 1.99B 1.40B
Net Income 26.52B 27.53B 31.98B 17.89B 27.43B 28.15B 18.23B 17.82B 15.91B 5.52B 10.54B 2.76B 1.45B -2.24B 6.28B 4.01B 14.98B 21.13B 16.46B 14.14B 10.81B 9.25B 6.79B 7.52B 7.88B 5.17B 3.08B 2.38B 1.95B 1.69B 1.50B 1.15B
Selling & General & Admin 56.29B 53.76B 52.76B 48.48B 46.74B 46.19B 46.36B 45.29B 46.90B 48.88B 50.82B 52.55B 64.47B 57.29B 52.37B 31.89B 29.32B 27.80B 16.31B 14.82B 11.43B 10.44B 10.51B 10.02B 9.85B 9.99B 3.94B - - - - -
Research & Development - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other Expenses - - - - - - - - - - - - 299.00M 967.00M - - - - - - -34.40B -32.57B -35.51B -31.19B -30.18B -33.45B -12.20B -6.41B -5.54B -5.25B -4.63B -4.86B
Operating Expenses 56.29B 53.76B 52.76B 48.48B 46.74B 46.19B 46.36B 45.29B 46.90B 48.88B 50.82B 70.49B 64.77B 58.26B 4.21B 3.96B 3.53B 3.41B 2.19B 2.19B -22.97B -22.13B -25.00B -21.17B -20.33B -23.46B -8.26B -6.41B -5.54B -5.25B -4.63B -4.86B
Interest Expense 73.33B 20.10B 4.74B 8.22B 22.34B 18.61B 12.91B 9.96B 10.55B 10.93B 12.76B 16.74B 21.62B 23.97B 30.81B 40.32B 52.87B 43.99B 27.89B 14.43B 10.18B 11.24B 18.00B 24.82B 19.09B 20.29B 8.68B 7.47B 7.77B 5.32B 3.57B 3.68B
Selling & Marketing Expenses 5.54B 1.82B 1.94B 1.70B 1.93B 1.67B 1.75B 1.70B 1.81B 1.83B 1.83B 1.87B 2.20B 1.96B 1.93B 2.37B 2.36B 2.34B 1.25B 1.35B 985.00M 753.00M 682.00M 621.00M 537.00M 581.00M 300.00M - - - - -
Cost & Expenses 56.29B 53.76B 52.76B 48.48B 46.74B 46.19B 46.36B 45.29B 46.90B 48.88B 50.82B 70.49B 64.77B 58.26B 26.57B 16.74B 13.20B 12.15B 10.09B 10.22B -22.97B -22.13B -25.00B -21.17B -20.33B -23.46B -8.26B -6.41B -5.54B -5.25B -4.63B -4.86B
Income Tax 1.83B 3.44B 2.00B 1.10B 5.32B 6.44B 10.98B 7.20B 6.28B 2.44B 4.19B 1.12B -1.68B 915.00M -1.92B 420.00M 5.94B 10.84B 8.02B 7.08B 5.05B 3.74B 3.33B 4.27B 4.33B 2.88B 1.72B 1.26B 1.04B 865.00M 690.00M 251.00M
Shares Outstanding (Basic) 8.03B 8.11B 8.49B 8.75B 9.39B 10.10B 10.20B 10.28B 10.46B 10.53B 10.73B 10.75B 10.14B 9.79B 7.73B 4.59B 4.42B 4.53B 4.01B 3.76B 2.97B 3.04B 3.19B 3.29B 3.45B 1.14B 1.14B 1.18B 1.09B 1.10B 1.03B 974.78M
Shares Outstanding (Diluted) 8.08B 8.17B 8.56B 8.80B 9.44B 10.24B 10.78B 11.05B 11.24B 10.58B 11.49B 10.84B 10.25B 9.79B 7.73B 4.60B 4.46B 4.60B 4.07B 3.82B 3.03B 3.13B 3.25B 3.32B 3.52B 1.17B 1.14B 1.20B 1.10B 1.11B 1.04B 992.04M
EPS (Basic) 3.10 3.21 3.60 1.88 2.77 2.64 1.63 1.57 1.38 0.43 0.86 0.26 0.01 -0.23 -0.29 0.54 3.32 4.66 4.10 3.71 3.64 3.04 2.13 2.28 2.28 4.47 5.58 2.00 1.78 1.53 1.45 1.15
EPS (Diluted) 3.08 3.19 3.57 1.87 2.75 2.61 1.56 1.49 1.31 0.42 0.83 0.25 0.01 -0.23 -0.29 0.54 3.29 4.59 4.04 3.64 3.57 2.96 2.09 2.26 2.24 4.35 5.43 1.96 1.76 1.52 1.43 1.13
EBITDA 30.40B 38.64B 40.95B 25.73B 38.84B 41.55B 37.37B 26.05B 32.91B 34.74B 33.13B - 3.25B - 51.35B - 74.11B 60.87B 46.00B 38.68B - - - - - - - - - - - -
Depreciation & Amortization 2.06B 1.98B 1.90B 1.84B 1.73B 2.06B 2.10B 2.24B 834.00M 936.00M 1.09B 1.26B 1.51B 1.73B 1.98B 1.83B 2.84B 2.87B 1.77B 1.64B 1.11B 1.10B 1.73B 1.78B 1.92B 2.00B 865.00M 442.00M 399.00M 406.00M 352.00M 339.00M