Bank of America Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 93.85B | 115.05B | 171.91B | 192.43B | 191.57B | -0.5% | |
| Cost of Revenue | (144.00M) | (22.65B) | (77.72B) | (96.37B) | (84.14B) | -12.7% | |
Gross Profit | 93.71B | 92.41B | 94.19B | 96.07B | 107.42B | 11.8% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (45.05B) | (45.95B) | (47.72B) | (49.62B) | (52.25B) | 5.3% | |
| General & Administrative | (39.23B) | (40.47B) | (42.18B) | (44.17B) | (46.12B) | 4.4% | |
| Selling & Marketing | (5.82B) | (5.48B) | (5.54B) | (5.45B) | (6.13B) | 12.4% | |
| Depreciation & Amortization | (1.90B) | (1.98B) | (2.06B) | (2.19B) | (2.31B) | 5.7% | |
Operating Income (EBIT) | 33.98B | 30.97B | 28.34B | 29.25B | 37.70B | 28.9% | |
| Non-Operating Items | |||||||
| Interest Income | 47.67B | 72.56B | 130.26B | 146.61B | 138.57B | -5.5% | |
| Interest Expense | (4.74B) | (20.10B) | (73.33B) | (90.55B) | (78.47B) | -13.3% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 33.98B | 30.97B | 28.34B | 29.25B | 37.70B | 28.9% | |
| Income Tax Expense | (2.00B) | (3.44B) | (1.83B) | (2.12B) | (7.19B) | 238.6% | |
Net Income | 31.98B | 27.53B | 26.52B | 27.13B | 30.51B | 12.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $4 | $3 | $3 | $3 | $4 | 19.4% | |
| Weighted Avg Shares Outstanding | 8.49B | 8.11B | 8.03B | 7.74B | 7.36B | -4.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 8.56B | 8.17B | 8.08B | 7.84B | 7.55B | -3.8% | |
EBITDA | 35.87B | 32.95B | 30.40B | 31.44B | 40.01B | 27.2% |
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