BANK OF AMERICA CORP /DE/ (BAC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	194.7B	191.6B	192.4B	171.9B	115.1B
Cost of Revenue	77.0B	84.1B	96.4B	77.7B	22.6B
Gross Profit	117.7B	107.4B	96.1B	94.2B	92.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	57.0B	52.2B	49.6B	47.7B	45.9B
General & Admin Expense	53.1B	46.1B	44.2B	42.2B	40.5B
Selling & Marketing Expense	3.9B	6.1B	5.5B	5.5B	5.5B
Other Expenses	17.0B	17.5B	17.2B	18.1B	15.5B
Total Operating Expenses	74.1B	69.7B	66.8B	65.8B	61.4B
Cost and Expenses	151.1B	153.9B	163.2B	143.6B	84.1B
Operating Income (EBIT)	43.6B	37.7B	29.3B	28.3B	31.0B
Non-Operating
Interest Income	135.7B	138.6B	146.6B	130.3B	72.6B
Interest Expense	71.8B	78.5B	90.5B	73.3B	20.1B
Net Interest Income	63.9B	60.1B	56.1B	56.9B	52.5B
Other Non-Op Income/Expense	(243.0M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	43.4B	37.7B	29.3B	28.3B	31.0B
Income Tax Expense	11.3B	7.2B	2.1B	1.8B	3.4B
Bottom Line
Net Income	32.1B	30.5B	27.1B	26.5B	27.5B
Earnings from Cont. Ops	32.1B	30.5B	27.1B	26.5B	27.5B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	30.5B	29.1B	25.5B	24.9B	26.0B
Per Share
Basic EPS	$4.26	$3.88	$3.25	$3.10	$3.21
Diluted EPS	$4.19	$3.82	$3.22	$3.08	$3.19
Revenue Per Share	$27.23	$26.01	$24.87	$21.41	$14.18
Shares
Basic Shares Outstanding	7.2B	7.4B	7.7B	8.0B	8.1B
Diluted Shares Outstanding	7.3B	7.5B	7.8B	8.1B	8.2B
Profitability Metrics
EBITDA	45.4B	40.0B	31.4B	30.4B	32.9B
D&A	1.8B	2.3B	2.2B	2.1B	2.0B
EBIT	43.6B	37.7B	29.3B	28.3B	31.0B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026