Bank of America Corporation (BAC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	195.2B	191.6B	192.4B	171.9B	115.1B
Cost of Revenue	79.4B	84.1B	96.4B	77.7B	22.6B
Gross Profit	115.8B	107.4B	96.1B	94.2B	92.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	52.9B	52.2B	49.6B	47.7B	45.9B
General & Admin Expense	48.1B	46.1B	44.2B	42.2B	40.5B
Selling & Marketing Expense	4.8B	6.1B	5.5B	5.5B	5.5B
Other Expenses	19.0B	17.5B	17.2B	18.1B	15.5B
Total Operating Expenses	71.9B	69.7B	66.8B	65.8B	61.4B
Cost and Expenses	151.3B	153.9B	163.2B	143.6B	84.1B
Operating Income (EBIT)	43.9B	37.7B	29.3B	28.3B	31.0B
Non-Operating
Interest Income	136.8B	138.6B	146.6B	130.3B	72.6B
Interest Expense	74.1B	78.5B	90.5B	73.3B	20.1B
Net Interest Income	62.7B	60.1B	56.1B	56.9B	52.5B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	43.9B	37.7B	29.3B	28.3B	31.0B
Income Tax Expense	10.2B	7.2B	2.1B	1.8B	3.4B
Bottom Line
Net Income	33.7B	30.5B	27.1B	26.5B	27.5B
Earnings from Cont. Ops	33.7B	30.5B	27.1B	26.5B	27.5B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	32.0B	29.1B	25.5B	24.9B	26.0B
Per Share
Basic EPS	$4.41	$3.88	$3.25	$3.10	$3.21
Diluted EPS	$4.34	$3.82	$3.22	$3.08	$3.19
Revenue Per Share	$27.29	$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	45.6B	40.0B	31.4B	30.4B	32.9B
D&A	1.8B	2.3B	2.2B	2.1B	2.0B
EBIT	43.9B	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 Jun 1, 2026