Bank of America Corporation (BAC) income statement
NYSE · Financial Services · Banks - Diversified · 209,911 employees · CEO Brian T. Moynihan
- Price
- $50.01 -2.21%
- Market cap
- $346B
- Enterprise value
- $700B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-01-15
Bank of America Corporation (BAC) reported revenue of $47.8B for Q3 '26 (-0.9% year on year), operating income of $9.21B (19.3% of revenue) and net income of $6.93B. Over the last four quarters revenue was $195B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.6B | $48.1B | $48.5B | $48.9B | $47B | $47B | $46.7B | $48.2B | $49.7B | $47.9B | $49.4B | $47.8B | |
| Cost of revenue | $22.8B | $23.6B | $24.7B | $25.1B | $23.1B | $21.1B | $21.8B | $21.4B | $19.8B | $19B | $19.2B | $19.1B | |
| Gross profit | $20.9B | $24.5B | $23.9B | $23.8B | $23.9B | $25.9B | $24.9B | $26.8B | $29.9B | $28.9B | $30.2B | $28.7B | |
| Sales & marketing | $1.34B | $1.31B | $1.38B | $1.35B | $1.41B | $1.42B | $1.54B | $1.6B | $1.57B | $1.66B | $0 | $669M | |
| General & administrative | $10.3B | $12.5B | $10.7B | $10.8B | $10.9B | $11.9B | $11.4B | $11.4B | $11.4B | $12.4B | $12.9B | $16.5B | |
| Other operating expenses | $6.13B | $3.46B | $4.24B | $4.34B | $4.45B | $4.4B | $4.3B | $4.31B | $4.48B | $4.5B | $5.73B | $2.33B | |
| Operating expenses | $17.7B | $17.2B | $16.3B | $16.5B | $16.8B | $17.8B | $17.2B | $17.3B | $17.4B | $18.5B | $18.6B | $19.5B | |
| Operating income | $3.12B | $7.26B | $7.56B | $7.32B | $7.11B | $8.12B | $7.69B | $9.46B | $12.4B | $10.4B | $11.6B | $9.21B | |
| Interest income | $35.6B | $36.3B | $36.9B | $37.5B | $36B | $34.1B | $34.9B | $35.4B | $34.3B | $33.4B | $33.8B | $34.3B | |
| Interest expense | $21.7B | $22.3B | $23.2B | $23.5B | $21.6B | $19.6B | $20.2B | $20.1B | $18.5B | $17.6B | $17.8B | $17.8B | |
| Total non-operating income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$243M | |
| Income before tax | $3.12B | $7.26B | $7.56B | $7.32B | $7.11B | $8.12B | $7.69B | $9.46B | $12.4B | $10.4B | $11.6B | $8.97B | |
| Income tax | -$20M | $588M | $663M | $428M | $443M | $720M | $572M | $987M | $4.91B | $1.82B | $2.49B | $2.03B | |
| Net income | $3.14B | $6.67B | $6.9B | $6.9B | $6.67B | $7.4B | $7.12B | $8.47B | $7.53B | $8.58B | $9.07B | $6.93B | |
| EPS (basic) | $0.36 | $0.77 | $0.83 | $0.82 | $0.83 | $0.91 | $0.90 | $1.08 | $0.99 | $1.12 | $1.22 | $0.93 | |
| EPS (diluted) | $0.35 | $0.76 | $0.83 | $0.81 | $0.82 | $0.90 | $0.89 | $1.06 | $0.97 | $1.11 | $1.20 | $0.91 | |
| Shares (basic, weighted) | 7.99B | 7.97B | 7.9B | 7.82B | 7.74B | 7.68B | 7.58B | 7.47B | 7.36B | 7.26B | 7.15B | 7.15B | |
| Shares (diluted, weighted) | 8.06B | 8.03B | 7.96B | 7.9B | 7.84B | 7.77B | 7.65B | 7.63B | 7.55B | 7.42B | 7.29B | 7.31B | |
| Depreciation & amortization | $527M | $538M | $543M | $549M | $559M | $565M | $571M | $584M | $594M | $605M | $612M | $0 | |
| EBITDA | $3.65B | $7.8B | $8.1B | $7.87B | $7.67B | $8.68B | $8.26B | $10B | $13B | $11B | $12.2B | $9.21B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.7B | $99.5B | $110B | $114B | $93.8B | $93.9B | $115B | $172B | $192B | $192B | |
| Cost of revenue | $13.6B | $15.7B | $21.9B | $25.9B | $19.5B | $144M | $22.6B | $77.7B | $96.4B | $84.1B | |
| Gross profit | $80.1B | $83.7B | $87.7B | $87.7B | $74.2B | $93.7B | $92.4B | $94.2B | $96.1B | $107B | |
| Sales & marketing | $1.7B | $4.79B | $4.53B | $4.7B | $5.13B | $5.82B | $5.48B | $5.54B | $5.45B | $6.13B | |
| General & administrative | $41.8B | $37B | $36B | $37.4B | $36B | $39.2B | $40.5B | $42.2B | $44.2B | $46.1B | |
| Other operating expenses | $11.6B | $12.7B | $12.6B | $12.8B | $14.1B | $14.7B | $15.5B | $18.1B | $17.2B | $17.5B | |
| Operating expenses | $55.1B | $54.5B | $53.2B | $54.9B | $55.2B | $59.7B | $61.4B | $65.8B | $66.8B | $69.7B | |
| Operating income | $25B | $29.2B | $34.6B | $32.8B | $19B | $34B | $31B | $28.3B | $29.3B | $37.7B | |
| Interest income | $51.1B | $57.6B | $66.8B | $71.2B | $51.6B | $47.7B | $72.6B | $130B | $147B | $139B | |
| Interest expense | $9.96B | $12.3B | $18.6B | $22.3B | $8.23B | $4.74B | $20.1B | $73.3B | $90.5B | $78.5B | |
| Income before tax | $25B | $29.2B | $34.6B | $32.8B | $19B | $34B | $31B | $28.3B | $29.3B | $37.7B | |
| Income tax | $7.2B | $11B | $6.44B | $5.32B | $1.1B | $2B | $3.44B | $1.83B | $2.12B | $7.19B | |
| Net income | $17.8B | $18.2B | $28.1B | $27.4B | $17.9B | $32B | $27.5B | $26.5B | $27.1B | $30.5B | |
| EPS (basic) | $1.58 | $1.63 | $2.64 | $2.77 | $1.88 | $3.60 | $3.21 | $3.10 | $3.25 | $3.88 | |
| EPS (diluted) | $1.50 | $1.56 | $2.61 | $2.75 | $1.87 | $3.57 | $3.19 | $3.08 | $3.22 | $3.82 | |
| Shares (basic, weighted) | 10.3B | 10.2B | 10.1B | 9.39B | 8.75B | 8.49B | 8.11B | 8.03B | 7.74B | 7.36B | |
| Shares (diluted, weighted) | 11B | 10.8B | 10.2B | 9.44B | 8.8B | 8.56B | 8.17B | 8.08B | 7.84B | 7.55B | |
| Depreciation & amortization | $2.24B | $2.1B | $2.06B | $1.73B | $1.84B | $1.9B | $1.98B | $2.06B | $2.19B | $2.31B | |
| EBITDA | $27.3B | $31.3B | $36.6B | $34.5B | $20.8B | $35.9B | $32.9B | $30.4B | $31.4B | $40B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data as of 2026-11-01