What is Bank of America's earnings per share (EPS)?

Bank of America (BAC) reported diluted earnings per share of $3.81 for fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bank of America Financials

BAC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bank of America (BAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

5/9

Bank of America passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.41x

For every $1 of reported earnings, Bank of America generates $0.41 in operating cash flow ($12.6B OCF vs $30.5B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$113.1B

YoY+6.8%

5Y CAGR+5.7%

10Y CAGR+3.1%

Bank of America generated $113.1B in revenue in fiscal year 2025. This represents an increase of 6.8% from the prior year.

EBITDA

N/A

Net Income

$30.5B

YoY+13.1%

5Y CAGR+11.3%

10Y CAGR+6.7%

Bank of America reported $30.5B in net income in fiscal year 2025. This represents an increase of 13.1% from the prior year.

EPS (Diluted)

$3.81

YoY+19.4%

5Y CAGR+15.3%

10Y CAGR+11.3%

Bank of America earned $3.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$231.8B

YoY-20.1%

5Y CAGR-9.4%

10Y CAGR+3.8%

Bank of America held $231.8B in cash against $317.8B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.08

YoY+8.0%

5Y CAGR+8.4%

10Y CAGR+18.4%

Bank of America paid $1.08 per share in dividends in fiscal year 2025. This represents an increase of 8.0% from the prior year.

Shares Outstanding

7.21B

YoY-5.2%

5Y CAGR-3.6%

10Y CAGR-3.6%

Bank of America had 7.21B shares outstanding in fiscal year 2025. This represents a decrease of 5.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

27.0%

YoY+1.5pp

5Y CAGR+6.1pp

10Y CAGR+7.8pp

Bank of America's net profit margin was 27.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.

Return on Equity

10.1%

YoY+0.9pp

5Y CAGR+3.5pp

10Y CAGR+3.8pp

Bank of America's ROE was 10.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$21.4B

YoY+63.6%

5Y CAGR+25.0%

10Y CAGR+24.6%

Bank of America spent $21.4B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 63.6% from the prior year.

Capital Expenditures

N/A

BAC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$113.1B+6.8%	$105.9B+3.0%	$102.8B+8.2%	$95.0B+6.6%	$89.1B+4.2%	$85.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$78.5B-13.3%	$90.5B+23.5%	$73.3B+264.8%	$20.1B+324.3%	$4.7B-42.4%	$8.2B
Income Tax	$7.2B+15.0%	$6.3B+0.4%	$6.2B+80.9%	$3.4B+72.2%	$2.0B+81.5%	$1.1B
Net Income	$30.5B+13.1%	$27.0B+2.5%	$26.3B-4.4%	$27.5B-13.9%	$32.0B+78.7%	$17.9B
EPS (Diluted)	$3.81+19.4%	$3.19+4.6%	$3.05-4.4%	$3.19-10.6%	$3.57+90.9%	$1.87

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$31.2B+11.0%	$28.1B+6.1%	$26.5B-3.3%	$27.4B-6.7%	$29.3B+15.7%	$25.3B-0.1%	$25.4B-1.7%	$25.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.5B-8.1%	$20.1B-0.3%	$20.2B+3.0%	$19.6B-9.2%	$21.6B-8.1%	$23.5B+1.6%	$23.2B+4.0%	$22.3B
Income Tax	$4.9B+397.2%	$987.0M+72.6%	$572.0M-20.6%	$720.0M-84.2%	$4.6B+968.0%	$428.0M-35.4%	$663.0M+12.8%	$588.0M
Net Income	$7.5B-11.1%	$8.5B+19.0%	$7.1B-3.8%	$7.4B+13.7%	$6.5B-5.7%	$6.9B0.0%	$6.9B+3.3%	$6.7B
EPS (Diluted)	N/A	$1.06+19.1%	$0.89-1.1%	$0.90	N/A	$0.81-2.4%	$0.83+9.2%	$0.76

BAC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.4T+4.6%	$3.3T+2.6%	$3.2T+4.2%	$3.1T-3.7%	$3.2T+12.4%	$2.8T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$231.8B-20.1%	$290.1B-12.9%	$333.1B+44.7%	$230.2B-33.9%	$348.2B-8.5%	$380.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B+0.1%	$69.0B
Total Liabilities	$3.1T+4.8%	$3.0T+2.7%	$2.9T+4.0%	$2.8T-4.2%	$2.9T+13.9%	$2.5T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$317.8B+12.2%	$283.3B-6.3%	$302.2B+9.5%	$276.0B-1.5%	$280.1B+6.5%	$262.9B
Total Equity	$303.2B+3.2%	$294.0B+1.3%	$290.2B+6.2%	$273.2B+1.2%	$270.1B-1.0%	$272.9B
Retained Earnings	$261.7B+8.7%	$240.8B+7.2%	$224.7B+8.5%	$207.0B+10.1%	$188.1B+14.6%	$164.1B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.4T+0.2%	$3.4T-1.1%	$3.4T+2.7%	$3.3T+2.7%	$3.3T-1.9%	$3.3T+2.0%	$3.3T-0.5%	$3.3T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$231.8B-5.9%	$246.5B-7.3%	$266.0B-2.8%	$273.6B-5.7%	$290.1B-1.9%	$295.6B-7.8%	$320.6B+2.3%	$313.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B0.0%	$69.0B
Total Liabilities	$3.1T+0.3%	$3.1T-1.3%	$3.1T+2.9%	$3.1T+2.9%	$3.0T-2.0%	$3.0T+2.1%	$3.0T-0.5%	$3.0T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$317.8B+2.0%	$311.5B-0.6%	$313.4B+3.0%	$304.1B+7.4%	$283.3B-4.6%	$296.9B+2.2%	$290.5B-2.0%	$296.3B
Total Equity	$303.2B-0.3%	$304.2B+1.5%	$299.6B+1.4%	$295.6B+0.6%	$294.0B-0.9%	$296.5B+0.9%	$293.9B+0.1%	$293.6B
Retained Earnings	$261.7B+1.4%	$258.1B+2.4%	$252.2B+2.0%	$247.3B+2.7%	$240.8B+1.2%	$238.0B+1.9%	$233.6B+2.1%	$228.9B

BAC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$12.6B+243.2%	-$8.8B-119.6%	$45.0B+811.0%	-$6.3B+12.0%	-$7.2B-118.9%	$38.0B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$145.2B-60.1%	-$90.7B-156.3%	-$35.4B-1299.2%	-$2.5B+99.2%	-$313.3B-76.3%	-$177.7B
Financing Cash Flow	$69.9B+15.9%	$60.4B-35.3%	$93.3B+188.0%	-$106.0B-136.4%	$291.6B-18.0%	$355.8B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$21.4B+63.6%	$13.1B+186.4%	$4.6B-9.8%	$5.1B-79.8%	$25.1B+257.7%	$7.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$22.9B-149.0%	$46.9B+613.3%	-$9.1B-318.1%	-$2.2B-108.4%	$25.9B+169.5%	-$37.3B-306.0%	$18.1B+216.5%	-$15.5B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.2B-160.3%	$1.9B+103.4%	-$56.9B+36.1%	-$89.0B-1045.9%	$9.4B+134.5%	-$27.3B-1689.8%	-$1.5B+97.9%	-$71.3B
Financing Cash Flow	$10.0B+114.8%	-$68.0B-223.5%	$55.1B-24.4%	$72.8B+298.1%	-$36.8B-200.0%	$36.8B+543.1%	-$8.3B-112.1%	$68.7B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.3B+19.1%	$5.3B0.0%	$5.3B+17.3%	$4.5B+27.9%	$3.5B0.0%	$3.5B0.0%	$3.5B+41.4%	$2.5B

BAC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	27.0%+1.5pp	25.5%-0.1pp	25.6%-3.4pp	29.0%-6.9pp	35.9%+15.0pp	20.9%
Return on Equity	10.1%+0.9pp	9.2%+0.1pp	9.1%-1.0pp	10.1%-1.8pp	11.8%+5.3pp	6.6%
Return on Assets	0.9%+0.1pp	0.8%0.0pp	0.8%-0.1pp	0.9%-0.1pp	1.0%+0.4pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.05+0.1	0.96-0.1	1.04+0.0	1.01-0.0	1.04+0.1	0.96
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.1%-6.0pp	30.1%+3.3pp	26.9%-0.1pp	27.0%+4.8pp	22.2%-5.0pp	27.2%+0.0pp	27.2%+1.3pp	25.9%
Return on Equity	2.5%-0.3pp	2.8%+0.4pp	2.4%-0.1pp	2.5%+0.3pp	2.2%-0.1pp	2.3%-0.0pp	2.4%+0.1pp	2.3%
Return on Assets	0.2%-0.0pp	0.3%+0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.05+0.0	1.02-0.0	1.05+0.0	1.03+0.1	0.96-0.0	1.00+0.0	0.99-0.0	1.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Bank of America's annual revenue?

Bank of America (BAC) reported $113.1B in total revenue for fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bank of America's revenue growing?

Bank of America (BAC) revenue grew by 6.8% year-over-year, from $105.9B to $113.1B in fiscal year 2025.

Is Bank of America profitable?

Yes, Bank of America (BAC) reported a net income of $30.5B in fiscal year 2025, with a net profit margin of 27.0%.

How much debt does Bank of America have?

As of fiscal year 2025, Bank of America (BAC) had $231.8B in cash and equivalents against $317.8B in long-term debt.

What is Bank of America's net profit margin?

Bank of America (BAC) had a net profit margin of 27.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Bank of America pay dividends?

Yes, Bank of America (BAC) paid $1.08 per share in dividends during fiscal year 2025.

What is Bank of America's return on equity (ROE)?

Bank of America (BAC) has a return on equity of 10.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bank of America's operating cash flow?

Bank of America (BAC) generated $12.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bank of America's total assets?

Bank of America (BAC) had $3.4T in total assets as of fiscal year 2025, including both current and long-term assets.

Does Bank of America buy back shares?

Yes, Bank of America (BAC) spent $21.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Bank of America have outstanding?

Bank of America (BAC) had 7.21B shares outstanding as of fiscal year 2025.

What is Bank of America's debt-to-equity ratio?

Bank of America (BAC) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bank of America's return on assets (ROA)?

Bank of America (BAC) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bank of America's Piotroski F-Score?

Bank of America (BAC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bank of America's earnings high quality?

Bank of America (BAC) has an earnings quality ratio of 0.41x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.