Bank of America
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Bank of America's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $98,581,000,000. Profit margin reached 27%. Total operating expenses were $56,287,000,000.
Profit Margin
| 2014 | 83.61B | 5.52B | 6.6% |
|---|---|---|---|
| 2015 | 79.80B | 15.91B | 19.94% |
| 2016 | 80.10B | 17.90B | 22.35% |
| 2017 | 83.73B | 18.23B | 21.77% |
| 2018 | 87.73B | 28.14B | 32.08% |
| 2019 | 85.58B | 27.43B | 32.05% |
| 2020 | 74.20B | 17.89B | 24.11% |
| 2021 | 89.11B | 31.97B | 35.88% |
| 2022 | 94.95B | 27.52B | 28.99% |
| 2023 | 98.58B | 26.51B | 26.9% |
BAC-PP Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 98.58B | 94.95B | 89.11B | 74.20B | 85.58B | 87.73B | 83.73B | 80.10B | 79.80B | 83.61B |
Cost of revenue | 2.79B | 2.54B | -4.59B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 95.78B | 92.40B | 93.70B | 0 | 85.58B | 87.73B | 0 | 80.10B | 0 | 0 |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 5.53B | 1.82B | 1.93B | 1.70B | 1.93B | 1.67B | 1.74B | 1.70B | 1.81B | 1.82B |
Total operating expenses | 56.28B | 61.43B | 59.73B | 48.48B | 52.82B | 53.15B | 46.35B | 55.08B | 46.89B | 48.87B |
Operating income | 39.5B | 30.96B | 33.97B | 25.72B | 32.75B | 34.58B | 37.37B | 25.02B | 32.90B | 34.74B |
Other income (expenses), net | -11.15B | 30.96B | 33.97B | -6.73B | 32.75B | 34.58B | -8.15B | 25.02B | -10.72B | -26.78B |
Income before tax | 28.34B | 30.96B | 33.97B | 18.99B | 32.75B | 34.58B | 29.21B | 25.02B | 22.18B | 7.96B |
Income tax expense | 1.82B | 3.44B | 1.99B | 1.10B | 5.32B | 6.43B | 10.98B | 7.19B | 6.27B | 2.44B |
Net income | 26.51B | 27.52B | 31.97B | 17.89B | 27.43B | 28.14B | 18.23B | 17.90B | 15.91B | 5.52B |
Earnings per share | ||||||||||
Basic EPS | 3.1 | 3.21 | 3.6 | 1.88 | 2.77 | 2.79 | 1.63 | 1.57 | 1.38 | 0.43 |
Diluted EPS | 3.08 | 3.19 | 3.57 | 1.87 | 2.75 | 2.75 | 1.56 | 1.49 | 1.31 | 0.42 |
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