Bank of America Corporation (BAC) Earnings History
Growth Compounder34 years of earnings data (1992–2025) · Consistent double-digit EPS growth over 5 years
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Bank of America Corporation (BAC) Earnings Overview
As of June 21, 2026, Bank of America Corporation (BAC) reported trailing twelve-month net income of $30.51B, reflecting +18.6% year-over-year growth. The company earned $4.04 per diluted share over the past four quarters, with a net profit margin of 15.9%.
Looking at the long-term picture, BAC's 5-year EPS compound annual growth rate (CAGR) stands at +15.4%, indicating exceptional earnings growth. The company achieved its highest annual net income of $31.98B in fiscal 2021.
Bank of America Corporation maintains industry-leading profitability with a gross margin of 56.1%, operating margin of 19.7%, and net margin of 15.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including JPM ($57.05B net income, 20.4% margin), WFC ($21.34B net income, 17.3% margin), C ($14.27B net income, 8.5% margin), BAC has room to improve margins relative to the peer group. Compare BAC vs JPM →
BAC Earnings vs Peers
Earnings metrics vs comparable public companies
BAC Historical Earnings Data (1992–2025)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $30.51B | +12.4% | $37.70B | $3.82 | 15.9% | 19.7% |
| 2024 | $27.13B | +2.3% | $29.25B | $3.22 | 14.1% | 15.2% |
| 2023 | $26.52B | -3.7% | $28.34B | $3.08 | 15.4% | 16.5% |
| 2022 | $27.53B | -13.9% | $30.97B | $3.19 | 23.9% | 26.9% |
| 2021 | $31.98B | +78.7% | $33.98B | $3.57 | 34.1% | 36.2% |
| 2020 | $17.89B | -34.8% | $19.00B | $1.87 | 19.1% | 20.3% |
| 2019 | $27.43B | -2.5% | $32.75B | $2.75 | 24.1% | 28.8% |
| 2018 | $28.15B | +54.4% | $34.58B | $2.61 | 25.7% | 31.5% |
| 2017 | $18.23B | +2.3% | $29.21B | $1.56 | 18.3% | 29.4% |
| 2016 | $17.82B | +12.0% | $25.02B | $1.50 | 19.0% | 26.7% |
| 2015 | $15.91B | +188.2% | $22.19B | $1.31 | 17.0% | 23.7% |
| 2014 | $5.52B | -51.7% | $7.96B | $0.36 | 5.7% | 8.2% |
| 2013 | $11.43B | +172.9% | $16.17B | $0.90 | 11.6% | 16.4% |
| 2012 | $4.19B | +189.6% | $3.07B | $0.25 | 4.3% | 3.1% |
| 2011 | $1.45B | +164.6% | -$230M | $0.01 | 1.3% | -0.2% |
| 2010 | -$2.24B | -135.7% | -$1.32B | $-0.37 | -1.7% | -1.0% |
| 2009 | $6.28B | +56.6% | $4.36B | $-0.29 | 4.5% | 3.1% |
| 2008 | $4.01B | -73.2% | $4.43B | $0.55 | 3.6% | 3.9% |
| 2007 | $14.98B | -29.1% | $20.92B | $2.04 | 13.0% | 18.1% |
| 2006 | $21.13B | +28.4% | $31.97B | $2.88 | 18.6% | 28.2% |
| 2005 | $16.46B | +18.1% | $24.48B | $2.25 | 19.9% | 29.5% |
| 2004 | $13.95B | +29.0% | $20.91B | $1.90 | 21.6% | 32.3% |
| 2003 | $10.81B | +16.9% | $15.86B | $3.57 | 22.1% | 32.4% |
| 2002 | $9.25B | +36.2% | $12.99B | $2.96 | 19.9% | 28.0% |
| 2001 | $6.79B | -9.6% | $10.12B | $2.09 | 12.8% | 19.0% |
| 2000 | $7.52B | -4.6% | $11.79B | $2.26 | 13.0% | 20.4% |
| 1999 | $7.88B | +52.6% | $12.21B | $2.24 | 15.3% | 23.7% |
| 1998 | $5.17B | -21.0% | $8.05B | $1.45 | 10.0% | 15.5% |
| 1997 | $6.54B | +12.5% | $10.56B | $1.81 | 13.3% | 21.4% |
| 1996 | $5.81B | +198.1% | $9.31B | $1.96 | 13.4% | 21.5% |
| 1995 | $1.95B | +15.4% | $2.99B | $1.76 | 12.0% | 18.3% |
| 1994 | $1.69B | +12.6% | $2.56B | $1.52 | 12.9% | 19.5% |
| 1993 | $1.50B | +31.1% | $1.99B | $1.43 | 14.4% | 19.2% |
| 1992 | $1.15B | - | $1.40B | $1.13 | 11.5% | 14.0% |
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BAC — Frequently Asked Questions
Quick answers to the most common questions about buying BAC stock.
What is BAC earnings per share (EPS)?
BAC trailing twelve-month (TTM) diluted EPS is $4.04, reflecting +18.6% year-over-year growth. The 5-year EPS CAGR is +15.4%. Complete EPS history from 1992 to 2025 is available in the table on this page.
What is Bank of America Corporation's net income?
Bank of America Corporation (BAC) trailing twelve-month net income is $30.5B as of 2025. Earnings grew +18.6% year-over-year. Bank of America Corporation has been profitable for 15 consecutive years.
Is BAC profitable?
Yes, BAC is profitable with a TTM net income of $30.5B and a net profit margin of +15.9%. Bank of America Corporation has generated profits for 15 consecutive years.
What is BAC's earnings growth rate?
BAC compound annual EPS growth rates (CAGR): 1-Year: +18.6%, 3-Year: +6.2%, 5-Year: +15.4%, 10-Year: +11.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1992 to 2025.
What are BAC's profit margins?
Bank of America Corporation net profit margin is +15.9%, operating margin is +19.7%, and gross margin is +56.1%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +10.2%.
Is BAC growing earnings?
Yes, BAC earnings are accelerating — EPS growth of +18.6% exceeds the 5-year CAGR of +15.4%. TTM net income reached $30.5B. Earnings momentum is strengthening.
What was BAC's best earnings year?
Bank of America Corporation's highest annual net income on record is $32.0B, achieved in fiscal year 2021. Earnings history on this page spans 1992 to 2025 and includes all annual and quarterly figures.
What were BAC's earnings last quarter?
BAC's most recent reported quarter was Q4 2025. Net income was $7.5B with diluted EPS of $0.97. For a full breakdown of all quarters, see the quarterly earnings table on this page.