Bank of America Corporation
Bank of America Corporation (BAC-PK) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Bank of America Corporation (BAC-PK), featuring income statements, balance sheets, and cash flow data.
Bank of America Corporation (BAC-PK) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Bank of America Corporation BAC-PK financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $46.99B | $46.97B | $48.87B | $48.53B |
| Cost of Revenue | $21.10B | $23.07B | $25.07B | $24.66B |
| Gross Profit | $25.89B | $23.89B | $23.80B | $23.87B |
| Gross Profit Ratio | $0.55 | $0.51 | $0.49 | $0.49 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $13.37B | $12.34B | $12.14B | $12.07B |
| Operating Expenses | $17.77B | $16.79B | $16.48B | $16.31B |
| Total Costs & Expenses | $38.87B | $39.86B | $41.55B | $40.97B |
| Interest Income | $34.07B | $35.98B | $37.49B | $36.85B |
| Interest Expense | $19.62B | $21.62B | $23.52B | $23.15B |
| Depreciation & Amortization | $565.00M | $559.00M | $549.00M | $543.00M |
| EBITDA | $8.68B | $7.67B | $7.87B | $8.10B |
| EBITDA Ratio | $0.18 | $0.16 | $0.16 | $0.17 |
| Operating Income | $8.12B | $7.11B | $7.32B | $7.56B |
| Operating Income Ratio | $0.17 | $0.15 | $0.15 | $0.16 |
| Other Income/Expenses (Net) | $0.00 | $0.00 | $0.00 | $0.00 |
| Income Before Tax | $8.12B | $7.11B | $7.32B | $7.56B |
| Income Before Tax Ratio | $0.17 | $0.15 | $0.15 | $0.16 |
| Income Tax Expense | $720.00M | $443.00M | $428.00M | $663.00M |
| Net Income | $7.40B | $6.67B | $6.90B | $6.90B |
| Net Income Ratio | $0.16 | $0.14 | $0.14 | $0.14 |
| EPS | $0.91 | $0.83 | $0.82 | $0.83 |
| Diluted EPS | $0.90 | $0.82 | $0.81 | $0.83 |
| Weighted Avg Shares Outstanding | $7.68B | $7.74B | $7.82B | $7.90B |
| Weighted Avg Shares Outstanding (Diluted) | $7.77B | $7.84B | $7.90B | $7.96B |
The company's financials show resilient growth, with revenue advancing from $48.53B in Q2 2024 to $46.99B in Q1 2025. Gross profit remained healthy with margins at 55% in Q1 2025 compared to 49% in Q2 2024. Operating income hit $8.12B last quarter, sustaining a consistent 17% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $8.68B. Net income rose to $7.40B, while earnings per share reached $0.91. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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