Business Segments · Labor and Related Expense
Global Banking — Labor and Related Expense
Bank of America Global Banking — Labor and Related Expense decreased by 4.1% to $1.21B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.3%, from $1.24B to $1.21B. Over 3 years (FY 2022 to FY 2025), Global Banking — Labor and Related Expense shows an upward trend with a 4.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 1, 2026
Rolls up toCompensation and benefits
How to read this metric
An increase may signal investment in talent or rising labor costs, while a decrease may indicate cost-cutting initiatives.
Detailed definition
This captures the total compensation, benefits, and related costs for the personnel supporting the Global Banking segmen...
Peer comparison
Standard 'Personnel Expense' or 'Compensation and Benefits' reported by peers.
Metric ID:
bac_segment_global_banking_labor_and_related_expenseHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.02B | $1.02B | $1.02B | $1.02B | $1.09B | $1.09B | $1.09B | $1.09B | $1.18B | $1.03B | $1.08B | $1.23B | $1.24B | $1.09B | $1.13B | $1.26B | $1.21B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.2% | +0.0% | +0.0% | +0.0% | +8.6% | -12.5% | +4.7% | +13.8% | +0.9% | -12.1% | +3.3% | +12.3% | -4.1% |
| YoY Change | — | — | — | — | +6.2% | +6.2% | +6.2% | +6.2% | +8.6% | -5.0% | -0.6% | +13.1% | +5.1% | +5.6% | +4.3% | +2.8% | -2.3% |
Range$1.02B – $1.26B
CAGR+4.3%
Avg YoY Growth+4.3%
Median YoY Growth+5.6%
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Frequently Asked Questions
- What is Bank of America's global banking — labor and related expense?
- Bank of America (BAC) reported global banking — labor and related expense of $1.21B in Q1 2026.
- How has Bank of America's global banking — labor and related expense changed year-over-year?
- Bank of America's global banking — labor and related expense decreased by 2.3% year-over-year, from $1.24B to $1.21B.
- What is the long-term trend for Bank of America's global banking — labor and related expense?
- Over 3 years (2022 to 2025), Bank of America's global banking — labor and related expense has grown at a 4.9% compound annual growth rate (CAGR), from $4.09B to $4.72B.
- What does global banking — labor and related expense mean?
- The total cost of salaries, benefits, and payroll-related expenses for the segment's staff.