Income StatementBalance SheetCash FlowSegments
Bank of America logo

Bank of America Income Statement

Revenue, expenses, and profitability over time

Bank of America generated $116.00B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $31.7B with a 27.32% net margin. Diluted EPS is $4.02, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$116.00BNet Income (TTM)$31.7BEps Diluted (TTM)$4.02
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$367.60B
P/E Ratio11.60
ROE10.66%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Information processing and communications$1.9B$1.9B$1.8B$1.8B$1.9B$2.0B
Compensation and benefits$10.2B$10.9B$10.3B$10.5B$10.6B$11.3B
Other Costs and Expenses$677.0M$1.1B$1.0B$912.0M$782.0M$1.0B
Other operating charges$677.0M$1.1B$1.0B$912.0M$782.0M$1.0B
Information processing and communications$1.9B$1.9B$1.8B$1.8B$1.9B$2.0B
Occupancy and equipment$1.8B$1.9B$1.8B$1.9B$1.9B$1.9B
Professional fees$744.0M$652.0M$640.0M$606.0M$682.0M$583.0M
Selling and marketing$510.0M$506.0M$563.0M$572.0M$563.0M$533.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$6.2B$7.0B$6.8B$8.0B$7.2B$8.2B
Net earnings to common$6.2B$7.0B$6.8B$8.0B$7.2B$8.2B
Net Income Available to Common Shareholders$6.2B$7.0B$6.8B$8.0B$7.2B$8.2B
Net income$6.5B$7.4B$7.1B$8.5B$7.5B$8.6B
Net income attributable to common stock$6.2B$7.0B$6.8B$8.0B$7.2B$8.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating income$2.9B$805.0M-$829.0M-$685.0M$3.2B$341.0M
Trading revenue$2.5B$3.6B$3.2B$3.2B$2.1B$3.6B
Net interest income$14.4B$14.4B$14.7B$15.2B$15.8B$15.7B
Total noninterest income$15.0B$13.8B$11.8B$12.9B$15.4B$14.5B
Total revenue$29.3B$28.2B$26.5B$28.1B$31.2B$30.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$6.2B$7.0B$6.8B$8.0B$7.2B$8.2B
Provision for credit losses$1.5B$1.5B$1.6B$1.3B$1.3B$1.3B
Interest and Dividend Income, Operating$36.0B$34.1B$34.9B$35.4B$34.3B$33.4B
Interest Income (Expense), Operating$14.4B$14.4B$14.7B$15.2B$15.8B$15.7B
Noninterest Expense$16.8B$17.8B$17.2B$17.3B$17.4B$18.5B
Preferred Stock Dividends and Other Adjustments$266.0M$406.0M$291.0M$429.0M$328.0M$429.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.81$0.91$0.90$1.08$0.97$1.12
Diluted earnings per share$0.79$0.89$0.89$1.06$0.96$1.11
Weighted-average shares, basic—7.7B7.6B7.5B—7.3B
Weighted-average shares, diluted—7.8B7.7B7.6B—7.4B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$11.1B$9.0B$7.7B$9.5B$12.4B$10.4B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$4.6B$1.6B$572.0M$987.0M$4.9B$1.8B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$21.6B$19.6B$20.2B$20.1B$18.5B$17.6B