Bank of America Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Bank of America Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$93.85 B | $115.05 B | $171.91 B | $192.43 B | $188.75 B | $174.85 B |
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Cost of Revenue Direct cost of goods/services. |
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$144.00 M | $22.65 B | $77.73 B | $96.37 B | $84.15 B | $64.38 B |
Gross Profit Revenue minus cost of revenue. |
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$93.71 B | $92.41 B | $94.19 B | $96.07 B | $104.61 B | $110.47 B |
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Operating Expense
Costs to run business. |
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$59.73 B | $61.44 B | $65.85 B | $66.81 B | $69.73 B | $70.49 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | $2.02 B |
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Sales, General and Administrative
Selling and admin costs. |
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$45.05 B | $45.95 B | $47.72 B | $49.62 B | $61.40 B | $54.35 B |
General and Administrative Corporate overhead costs. |
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$39.23 B | $40.47 B | $42.18 B | $44.17 B | $58.28 B | $49.11 B |
Sales and Marketing Customer acquisition costs. |
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$5.82 B | $5.48 B | $5.54 B | $5.45 B | $3.12 B | $5.24 B |
Other Expenses Other operating costs. |
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$14.68 B | $15.49 B | $18.13 B | $17.19 B | $8.33 B | $14.12 B |
Operating Income Profit from operations. |
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$33.98 B | $30.97 B | $28.34 B | $29.25 B | $34.88 B | $39.98 B |
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Net Interest Income
Interest income minus expense. |
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$42.93 B | $52.46 B | $56.93 B | $56.06 B | $60.10 B | $61.40 B |
Interest Income Income from investments. |
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$47.67 B | $72.57 B | $130.26 B | $146.61 B | $138.57 B | $137.86 B |
Interest Expense Cost of borrowing. |
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$4.74 B | $20.10 B | $73.33 B | $90.55 B | $78.47 B | $76.46 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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- | - | - | - | - | - |
Total Other Income (Net) Net non-operating items. |
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- | - | - | - | - | - |
Income Before Tax Profit before taxes. |
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$33.98 B | $30.97 B | $28.34 B | $29.25 B | $34.88 B | $39.98 B |
Income Tax Expense Taxes on income. |
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$2.00 B | $3.44 B | $1.83 B | $2.12 B | $4.25 B | $8.29 B |
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Net Income
Final profit. |
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$31.98 B | $27.53 B | $26.52 B | $27.13 B | $30.63 B | $31.70 B |
Net Income From Continuing Operations Profit from core business. |
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$31.98 B | $27.53 B | $26.52 B | $27.13 B | $30.63 B | $31.70 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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-$1.42 B | -$1.51 B | - | - | -$56.00 M | $111.00 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$3.60 | $3.21 | $3.10 | $3.25 | $3.88 | $4.09 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$3.57 | $3.19 | $3.08 | $3.22 | $3.82 | $4.03 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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8.49 B | 8.11 B | 8.03 B | 7.74 B | 7.36 B | 7.26 B |
Diluted Average Shares Outst. Shares including dilution. |
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8.56 B | 8.17 B | 8.08 B | 7.84 B | 7.55 B | 7.42 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$33.98 B | $30.97 B | $28.34 B | $29.25 B | $34.88 B | $39.98 B |
EBITDA Earnings before interest, tax, D&A. |
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$35.87 B | $32.95 B | $30.40 B | $31.44 B | $36.61 B | $41.74 B |
Depreciation and Amortization Non-cash expense for assets. |
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$1.90 B | $1.98 B | $2.06 B | $2.19 B | $1.73 B | $1.76 B |
| Company Report |
Bank of America Corporation's Assets vs Liabilities & Equity
Bank of America Corporation's Assets vs Liabilities & Equity
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