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 -$70,239,000,000.
Profit Margin
| 2014 | 83.11B | 4.83B | 5.81% |
|---|---|---|---|
| 2015 | 82.24B | 15.88B | 19.32% |
| 2016 | 83.70B | 17.90B | 21.39% |
| 2017 | 87.35B | 18.23B | 20.87% |
| 2018 | 91.24B | 28.14B | 30.85% |
| 2019 | 91.24B | 27.43B | 30.06% |
| 2020 | 85.52B | 17.89B | 20.92% |
| 2021 | 89.11B | 31.97B | 35.88% |
| 2022 | 94.95B | 27.52B | 28.99% |
| 2023 | 98.58B | 26.51B | 26.9% |
BAC.SW Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 98.58B | 94.95B | 89.11B | 85.52B | 91.24B | 91.24B | 87.35B | 83.70B | 82.24B | 83.11B |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 98.58B | 94.95B | 89.11B | 85.52B | 91.24B | 91.24B | 87.35B | 83.70B | 82.24B | 83.11B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 5.53B | 5.47B | 5.82B | 5.13B | 4.69B | 1.67B | 1.74B | 1.70B | 1.81B | 1.82B |
Total operating expenses | -70.23B | -45.85B | -55.13B | -66.53B | -58.49B | -37.32B | -45.22B | -48.58B | -49.54B | -65.32B |
Operating income | 28.34B | 49.09B | 33.97B | 18.99B | 32.75B | 53.92B | 42.12B | 35.11B | 32.70B | 17.78B |
Other income (expenses), net | 0 | -18.12B | 0 | 0 | 0 | -19.33B | -12.91B | -9.96B | -10.54B | -10.93B |
Income before tax | 28.34B | 30.96B | 33.97B | 18.99B | 32.75B | 34.58B | 29.21B | 25.15B | 22.15B | 6.85B |
Income tax expense | 1.82B | 3.44B | 1.99B | 1.10B | 5.32B | 6.43B | 10.98B | 7.24B | 6.26B | 2.02B |
Net income | 26.51B | 27.52B | 31.97B | 17.89B | 27.43B | 28.14B | 18.23B | 17.90B | 15.88B | 4.83B |
Earnings per share | ||||||||||
Basic EPS | 3.25 | 3.14 | 3.6 | 1.88 | 2.92 | 2.79 | 1.79 | 1.74 | 1.52 | 0.46 |
Diluted EPS | 3.25 | 3.14 | 3.57 | 1.87 | 2.9 | 2.75 | 1.69 | 1.62 | 1.42 | 0.46 |
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