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Bank of America Corp (BACRP) Financials

BACRP
Trailing 12 months to June 30, 2026
Revenue $119.2B +8.1% YoY
Net Income $33.6B +20.4% YoY
EPS (Diluted) $4.34 +28.0% YoY
Operating Cash Flow $94.7B +517.8% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BACRP SEC filings page.

Bank of America Corp (BACRP) reported $119.2B in revenue over the twelve months to Jun 30, 2026, up 8.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI BACRP FY2025

Balance-sheet funding and volatile cash-flow translation define the banking model more than revenue growth alone.

Revenue expanded from $89.1B in FY2021 to $113.1B in FY2025, but the accompanying margin compression means scale did not translate proportionally into earnings. Operating cash flow alternated between negative and positive despite annual profits, indicating that funding and asset movements materially shape reported cash conversion.

The balance sheet grew to $3.4 trillion of assets in FY2025, while equity reached $303.2B; this structure shows liabilities remain the primary funding base rather than growth being financed mainly by retained capital. Debt-to-equity was 1.0x in FY2025, broadly consistent with its range across the period.

Net income recovered to $30.5B in FY2025 from $27.0B in FY2024. Return on equity rose to 10.1% from 9.2%, showing that improved returns accompanied the earnings recovery rather than merely reflecting balance-sheet expansion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Bank of America Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
5/7

Bank of America Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 Corp 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
$31.6B
YoY+15.0%
QoQ+4.2%
5Y CAGR+8.0%
10Y CAGR+4.0%

Bank of America Corp generated $31.6B in revenue in Q2 2026. This represents an increase of 15.0% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.

Net Income
$9.1B
YoY+26.6%
QoQ+5.7%
5Y CAGR-0.3%
10Y CAGR+6.6%

Bank of America Corp reported $9.1B in net income in Q2 2026. This represents an increase of 26.6% from the same quarter a year earlier. Against the prior quarter it is up 5.7%.

EPS (Diluted)
$1.21
YoY+34.4%
QoQ+9.0%
5Y CAGR+3.3%
10Y CAGR+11.4%

Bank of America Corp earned $1.21 per diluted share (EPS) in Q2 2026. This represents an increase of 34.4% from the same quarter a year earlier. Against the prior quarter it is up 9.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$229.7B
YoY-13.6%
QoQ-5.3%
5Y CAGR-2.4%
10Y CAGR+3.0%

Bank of America Corp held $229.7B in cash against $339.9B in long-term debt as of Q2 2026.

Dividends Per Share
$0.28
YoY+7.7%
QoQ0.0%

Bank of America Corp paid $0.28 per share in dividends in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
6.99B
YoY-5.6%
QoQ-1.5%
5Y CAGR-3.6%
10Y CAGR-3.7%

Bank of America Corp had 6.99B shares outstanding in Q2 2026. This represents a decrease of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin
28.7%
YoY+2.6pp
QoQ+0.4pp
5Y CAGR-14.2pp
10Y CAGR+6.3pp

Bank of America Corp's net profit margin was 28.7% in Q2 2026, showing the share of revenue converted to profit. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Return on Equity
3.0%
YoY+0.6pp
QoQ+0.2pp
5Y CAGR-0.3pp
10Y CAGR+1.2pp

Bank of America Corp's ROE was 3.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$6.0B
YoY+13.3%
QoQ-17.0%
5Y CAGR+7.4%
10Y CAGR+15.8%

Bank of America Corp spent $6.0B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 13.3% from the same quarter a year earlier. Against the prior quarter it is down 17.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

BACRP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BACRP quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$31.6B+15.0%$30.3B+7.2%$29.3B0.0%$28.1B+10.8%$27.4B+8.1%$28.2B+9.4%$29.3B+12.1%$25.3B+0.7%
SG&A Expenses$11.0B+6.3%$11.3B+4.1%$10.6B+3.5%$10.5B+6.1%$10.3B+5.1%$10.9B+6.8%$10.2B+8.3%$9.9B+3.8%
Interest Expense$17.8B-11.7%$17.6B-10.2%$18.5B-14.4%$20.1B-14.4%$20.2B-12.7%$19.6B-11.8%$21.6B-0.3%$23.5B+22.2%
Income Tax$2.5B+66.3%$1.8B+11.2%$3.1B-33.0%$987.0M+130.6%$1.5B+125.9%$1.6B+178.4%$4.6B+4.4%$428.0M+46.1%
Net Income$9.1B+26.6%$8.6B+16.6%$7.5B+15.4%$8.5B+22.8%$7.2B+4.0%$7.4B+10.3%$6.5B+121.7%$6.9B-11.6%
EPS (Basic)$1.22+34.1%$1.12+23.1%$0.97+19.8%$1.08+31.7%$0.91+9.6%$0.91+18.2%$0.81+125.0%$0.82-9.9%
EPS (Diluted)$1.21+34.4%$1.11+24.7%$0.96+21.5%$1.06+30.9%$0.90+8.4%$0.89+17.1%$0.79+119.4%$0.81-10.0%
Diluted Shares (Avg)7.29B-4.7%7.42B-4.5%N/A7.63B-3.5%7.65B-3.9%7.77B-3.2%N/A7.90B-2.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

BACRP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BACRP quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$3.5T+1.7%$3.5T+4.4%$3.4T+4.6%$3.4T+2.4%$3.4T+5.6%$3.3T+2.3%$3.3T+2.6%$3.3T+5.4%
Cash & Equivalents$229.7B-13.6%$242.5B-11.4%$231.8B-20.1%$246.5B-16.6%$266.0B-17.0%$273.6B-12.7%$290.1B-12.9%$295.6B-16.0%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$69.0B0.0%$69.0B0.0%$69.0B0.0%$69.0B0.0%$69.0B0.0%$69.0B0.0%$69.0B0.0%$69.0B0.0%
Total Liabilities$3.2T+1.8%$3.2T+4.6%$3.1T+4.8%$3.1T+2.4%$3.1T+6.0%$3.1T+2.5%$3.0T+2.7%$3.0T+5.6%
Long-Term Debt$339.9B+8.4%$326.0B+7.2%$317.8B+12.2%$311.5B+4.9%$313.4B+7.9%$304.1B+2.6%$283.3B-6.3%$296.9B+2.3%
Total Equity$301.1B+1.0%$300.7B+2.3%$303.2B+3.2%$304.2B+2.6%$298.0B+1.4%$293.9B+0.1%$294.0B+1.3%$296.5B+3.3%
Retained Earnings$274.5B+8.9%$267.8B+8.3%$261.7B+8.7%$258.1B+8.5%$252.2B+8.0%$247.3B+8.0%$240.8B+7.2%$238.0B+6.3%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

BACRP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BACRP quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$29.0B+418.0%$41.8B+2012.5%-$22.9B-188.5%$46.9B+225.7%-$9.1B-150.5%-$2.2B+85.9%$25.9B-20.8%-$37.3B-416.6%
Depreciation & Amortization$612.0M+7.2%$605.0M+7.1%$594.0M+6.3%$584.0M+6.4%$571.0M+5.2%$565.0M+5.0%$559.0M+6.1%$549.0M+6.2%
Stock-Based CompensationN/A$1.0B+3.3%N/AN/AN/A$999.0M+15.5%N/AN/A
Investing Cash Flow-$16.8B+70.6%-$66.5B+25.3%-$1.2B-112.5%$1.9B+107.1%-$56.9B-3637.2%-$89.0B-24.8%$9.4B+114.7%-$27.3B+54.5%
Financing Cash Flow-$24.7B-144.9%$35.9B-50.7%$10.0B+127.3%-$68.0B-284.9%$55.1B+763.4%$72.8B+6.1%-$36.8B-425.6%$36.8B+33.1%
Share Buybacks$6.0B+13.3%$7.2B+60.1%$6.3B+78.5%$5.3B+50.0%$5.3B+50.0%$4.5B+80.8%$3.5B+335.9%$3.5B+253.4%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

BACRP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BACRP quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin28.7%+2.6pp28.4%+2.3pp25.6%+3.4pp30.1%+2.9pp26.1%-1.1pp26.1%+0.2pp22.2%+11.0pp27.2%-3.8pp
Return on Equity3.0%+0.6pp2.9%+0.3pp2.5%+0.3pp2.8%+0.4pp2.4%+0.1pp2.5%+0.2pp2.2%+1.2pp2.3%-0.4pp
Return on Assets0.3%+0.1pp0.3%0.0pp0.2%0.0pp0.3%0.0pp0.2%0.0pp0.2%0.0pp0.2%+0.1pp0.2%0.0pp
Debt-to-Equity1.13+0.1x1.080.0x1.05+0.1x1.020.0x1.05+0.1x1.030.0x0.96-0.1x1.000.0x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Frequently Asked Questions

What is Bank of America Corp's annual revenue?

Bank of America Corp (BACRP) 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 Corp's revenue growing?

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

Is Bank of America Corp profitable?

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

Bank of America Corp (BACRP) 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.

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

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

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

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

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

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

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

Bank of America Corp (BACRP) had 7.18B shares outstanding as of fiscal year 2025.

Bank of America Corp (BACRP) 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.

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

Bank of America Corp (BACRP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Bank of America Corp (BACRP) 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.

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