What is Bank of America's net income?

Bank of America (BAC) reported net income of $8.58B in Q1 2026.

How has Bank of America's net income changed year-over-year?

Bank of America's net income increased by 16.6% year-over-year, from $7.36B to $8.58B.

What is the long-term trend for Bank of America's net income?

Over 4 years (2021 to 2025), Bank of America's net income has grown at a -1.2% compound annual growth rate (CAGR), from $31.98B to $30.47B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Bank of America BAC Net Income

Net Income at other companies

JPMorgan ChaseJPM

$16.49B+12.6%

U.S. BancorpUSB

$1.95B+13.8%

First HorizonFHN

$262M+20.2%

Cullen/Frost BankersCFR

$170.99M+13.3%

Wells Fargo & CompanyWFC

$5.25B+7.3%

Truist FinancialTFC

$1.48B+17.4%

Segments

By segment

See full

Consumer Banking$3.06B+20.9%

Global Banking$2.09B+8.5%

Global Markets$2.01B+2.9%

Global Wealth And Investment Management$1.33B+32.0%

By geography

See full

Non Us$3.18B+25.8%

Asia$1.4B+19.2%

EMEA$1.15B+46.1%

Latin America$629M+11.1%

Other financials

Income statement

See full

Revenue$30.3B+7.2%

EPS (diluted)$1.11+24.7%

Balance sheet

See full

Cash & equivalents$242.48B-11.4%

Total debt$337.44B+7.7%

Total equity$300.67B+2.3%

Total assets$3.50T+4.4%

Cash flow

See full

Operating cash flow$41.8B+2,013%

Valuation

See full

Market cap$412.95B+20.5%

Enterprise value$507.91B+32.8%

P/E13×+0.6×

P/S3.6×+0.4×

Profitability

See full

Net margin27.3%+1.8pp

Returns & leverage

See full

Return on equity10.7%+1.2pp

Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Bank of America in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Bank of America’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bank of America's net income?: Bank of America (BAC) reported net income of $8.58B in Q1 2026.
How has Bank of America's net income changed year-over-year?: Bank of America's net income increased by 16.6% year-over-year, from $7.36B to $8.58B.
What is the long-term trend for Bank of America's net income?: Over 4 years (2021 to 2025), Bank of America's net income has grown at a -1.2% compound annual growth rate (CAGR), from $31.98B to $30.47B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.