Bank of America Corporati... (BAC)

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38.34

1.42 (3.85%)

At close: Apr 22, 2025, 3:59 PM

39.04

1.81%

After-hours: Apr 22, 2025, 06:48 PM EDT

Bank of America Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	25.35B	25.34B	25.38B	25.82B	21.96B	25.17B	25.2B	26.26B	24.53B	24.5B	22.69B	23.23B	22.06B	22.77B	21.47B	22.82B	20.1B	20.34B	22.33B	22.77B	22.35B	22.81B	23.08B	23B	22.74B	22.72B	22.55B	23.07B	20.44B	21.84B	22.83B	22.25B	19.99B	21.64B	21.29B	20.79B
Cost of Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross Profit	25.35B	25.34B	25.38B	25.82B	21.96B	25.17B	25.2B	26.26B	24.53B	24.5B	22.69B	23.23B	22.06B	22.77B	21.47B	22.82B	20.1B	20.34B	22.33B	22.77B	22.35B	22.81B	23.08B	23B	22.74B	22.72B	22.55B	23.07B	20.44B	21.84B	22.83B	22.25B	19.99B	21.64B	21.29B	20.79B
Operating Income	7.11B	7.32B	7.56B	7.26B	3.12B	8.1B	8.03B	9.09B	7.9B	8.3B	6.89B	7.88B	7.82B	8.95B	8.04B	9.17B	6.12B	4.55B	3.8B	4.53B	8.17B	6.86B	8.96B	8.77B	8.7B	8.99B	8.5B	8.39B	6.41B	7.61B	8.12B	7.32B	6.05B	7.3B	6.82B	4.98B
Interest Income	35.98B	37.49B	36.85B	36.28B	35.63B	33.62B	32.35B	28.66B	25.07B	19.62B	14.97B	12.89B	12.55B	12.34B	11.39B	11.39B	11.46B	11.49B	12.54B	16.1B	16.93B	17.92B	18.22B	18.17B	17.84B	16.96B	16.37B	15.6B	15.07B	14.66B	14.15B	13.71B	12.87B	12.61B	12.57B	13.01B
Pretax Income	7.11B	7.32B	7.56B	7.26B	3.12B	8.1B	8.03B	9.09B	7.9B	8.3B	6.89B	7.88B	7.82B	8.95B	8.04B	9.17B	6.12B	4.55B	3.8B	4.53B	8.17B	6.86B	8.96B	8.77B	8.7B	8.99B	8.5B	8.39B	6.41B	7.61B	8.12B	7.32B	6.05B	7.3B	6.82B	4.98B
Net Income	6.67B	6.9B	6.9B	6.67B	3.14B	7.8B	7.41B	8.16B	7.13B	7.08B	6.25B	7.07B	7.01B	7.69B	9.22B	8.05B	5.47B	4.88B	3.53B	4.01B	6.99B	5.78B	7.35B	7.31B	7.28B	7.17B	6.78B	6.92B	2.52B	5.42B	5.11B	5.34B	4.7B	4.96B	4.78B	3.47B
Selling & General & Admin	12.34B	12.14B	12.07B	13.78B	11.6B	11.82B	12.09B	12.21B	11.45B	11.46B	11.47B	11.57B	10.95B	10.83B	11.41B	11.86B	10.19B	10.82B	9.96B	10.19B	9.96B	11.96B	10.06B	10.1B	11.21B	9.87B	10.11B	10.69B	11.61B	11.5B	12.07B	12.2B	11.03B	11.32B	11.35B	12.71B
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	5.9B	5.88B	5.74B	4.78B	7.24B	5.25B	5.07B	4.96B	5.18B	4.75B	4.32B	3.78B	3.29B	2.99B	2.01B	1.8B	3.79B	4.97B	8.56B	8.05B	4.22B	3.99B	4.06B	4.14B	2.83B	3.86B	3.94B	3.99B	2.42B	2.73B	2.64B	2.73B	2.9B	3.02B	3.12B	3.1B
Operating Expenses	18.24B	18.02B	17.82B	18.56B	18.84B	17.07B	17.16B	17.17B	16.64B	16.2B	15.8B	15.35B	14.24B	13.82B	13.42B	13.65B	13.98B	15.79B	18.53B	18.24B	14.18B	15.95B	14.13B	14.24B	14.04B	13.73B	14.05B	14.68B	14.03B	14.23B	14.71B	14.93B	13.94B	14.33B	14.47B	15.81B
Interest Expense	21.62B	23.52B	23.15B	22.25B	21.68B	19.25B	18.2B	14.21B	10.39B	5.86B	2.53B	1.32B	1.14B	1.24B	1.15B	1.2B	1.21B	1.36B	1.69B	3.97B	4.79B	5.73B	6.04B	5.79B	5.53B	4.9B	4.54B	3.83B	3.6B	3.5B	3.16B	2.65B	2.57B	2.41B	2.46B	2.52B
Selling & Marketing Expenses	1.41B	1.35B	1.38B	1.31B	1.34B	1.38B	1.47B	1.35B	1.36B	1.4B	1.39B	1.33B	1.35B	1.33B	1.79B	1.35B	1.38B	1.24B	1.3B	1.22B	1.22B	1.14B	1.24B	1.1B	513M	1.11B	1.1B	1.1B	511M	461M	442M	332M	460M	410M	414M	419M
Cost & Expenses	18.24B	18.02B	17.82B	18.56B	18.84B	17.07B	17.16B	17.17B	16.64B	16.2B	15.8B	15.35B	14.24B	13.82B	13.42B	13.65B	13.98B	15.79B	18.53B	18.24B	14.18B	15.95B	14.13B	14.24B	14.04B	13.73B	14.05B	14.68B	14.03B	14.23B	14.71B	14.93B	13.94B	14.33B	14.47B	15.81B
Income Tax Expense	443M	428M	663M	588M	-20M	293M	626M	928M	765M	1.22B	645M	812M	805M	1.26B	-1.18B	1.12B	649M	-335M	266M	521M	1.18B	1.08B	1.61B	1.46B	1.42B	1.83B	1.71B	1.48B	3.88B	2.19B	3.02B	1.98B	1.36B	2.35B	2.03B	1.5B
Shares Outstanding (Basic)	7.74B	7.82B	7.9B	7.97B	7.99B	8.02B	8.04B	8.07B	8.09B	8.11B	8.12B	8.14B	8.23B	8.43B	8.62B	8.7B	8.72B	8.73B	8.74B	8.82B	9.02B	9.3B	9.52B	9.73B	9.86B	10.03B	10.18B	10.32B	10.47B	10.2B	10.01B	10.1B	10.17B	10.25B	10.33B	10.37B
Shares Outstanding (Diluted)	7.84B	7.9B	7.96B	8.03B	8.06B	8.08B	8.08B	8.18B	8.16B	8.16B	8.16B	8.2B	8.3B	8.49B	8.74B	8.76B	8.79B	8.78B	8.77B	8.86B	9.08B	9.35B	9.56B	9.79B	10B	10.17B	10.31B	10.47B	10.62B	10.75B	10.83B	10.92B	10.96B	11B	11.06B	11.1B
EPS (Basic)	0.83	0.82	0.83	0.77	0.36	0.91	0.88	0.95	0.85	0.81	0.73	0.81	0.82	0.86	1.04	0.87	0.60	0.51	0.38	0.40	0.75	0.57	0.75	0.71	0.71	0.67	0.64	0.63	0.20	0.50	0.49	0.43	0.43	0.43	0.38	0.29
EPS (Diluted)	0.82	0.81	0.83	0.76	0.35	0.90	0.88	0.94	0.85	0.81	0.73	0.80	0.82	0.85	1.03	0.86	0.59	0.51	0.37	0.40	0.74	0.56	0.74	0.70	0.70	0.66	0.63	0.62	0.20	0.48	0.46	0.41	0.40	0.41	0.36	0.28
EBITDA	7.11B	7.87B	8.1B	7.8B	3.65B	8.61B	8.54B	9.59B	8.4B	8.79B	7.38B	8.37B	8.31B	9.42B	8.51B	9.63B	6.61B	5.02B	4.25B	4.96B	8.61B	7.3B	9.39B	9.19B	9.22B	9.51B	9.01B	8.9B	6.92B	8.13B	8.65B	7.85B	6.6B	7.87B	7.38B	5.54B
EBIT	7.11B	7.32B	7.56B	7.26B	3.12B	8.1B	8.03B	9.09B	7.9B	8.3B	6.89B	7.88B	7.82B	8.95B	8.04B	9.17B	6.12B	4.55B	3.8B	4.53B	8.17B	6.86B	8.96B	8.77B	8.7B	8.99B	8.5B	8.39B	6.41B	7.61B	8.12B	7.32B	6.05B	7.3B	6.82B	4.98B
Depreciation & Amortization	n/a	549M	543M	538M	527M	517M	510M	503M	502M	491M	491M	494M	495M	473M	469M	461M	487M	476M	448M	432M	439M	438M	434M	418M	524M	515M	513M	511M	515M	523M	531M	534M	549M	564M	562M	566M