Bank of America BAC

Banking. Bank of America Corporation, listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Bank of America's market cap is
about $344.5 billion.

#29 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $113.097B.

Share price (close): $49.76; Close on Nov 5, 2026 · per share
P/E ratio: 13.1x; Closing price ÷ latest annual EPS
Market cap: $344.5B; #29 of 289
Revenue: $113.097B; #33 of 299 · +6.8% YoY
Operating income: —; Not reported
Net income: $30.509B; #10 of 298 · +13.1% YoY
Free cash flow: —; Not reported
Total assets: $3,411.738B; #2 of 299 · +4.6% YoY
Dividends paid: —; Not reported
Dividend per share: $1.08; #167 of 205 · +8.0% YoY
Dividend yield: 2.2%; #70 of 203
Shares outstanding: 7,212,464,345 shares; As of Dec 31, 2025

Size, put in perspective

Revenue every second$3,590$310M a day

Net income every second$967$83.6M a day

Buying Wells Fargo with a year's profit12.0% of itBased on Wells Fargo's market cap of about $254.5 billion

Market cap vs Wells Fargo1.4×Bank of America ÷ Wells Fargo

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Expenses66.7%
Income taxes & other6.4%
Net income27.0%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +6.8%; #173 of 299; Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; Banks and insurers often don't report operating income, so look at pretax income instead.
Net marginShare of revenue left as profit after interest and taxes: 27.0%; #57 of 298; After taxes, 27.0% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: —; Not ranked; Free cash flow based on capital spending isn't calculated for financial companies.
ROEHow much profit the company earned on shareholders' equity in a year: 10.2%; #204 of 276; Earnings relative to equity are about average. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: —; Not ranked; Bank and insurer liabilities include customer deposits and insurance reserves, so they aren't compared with other industries.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$12.613B

For financial companies, loans and investments drive cash flow rather than capital spending, so FCF isn’t calculated.

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 91%Equity 9%

Total assets$3,411.738B
Total liabilities$3,108.495B
Total equity$303.243B
Cash and equivalents$231.845B

For banks and insurers, customer deposits and insurance reserves count as liabilities, so the liability share looks large.

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Bank of AmericaBAC	$113.097B	$30.509B	+6.8%	—	27.0%
Wells FargoWFC	$83.699B	$21.338B	+1.7%	—	25.5%
CitigroupC	$85.225B	$14.306B	+5.6%	—	16.8%
JPMorgan ChaseJPM	$182.447B	$57.048B	+2.8%	—	31.3%
U.S. BancorpUSB	$28.656B	$7.57B	+4.4%	—	26.4%

Head-to-head comparisons

What the company does

Bank of America is the second-largest US bank, offering deposits and loans, credit cards, wealth management (Merrill) and investment banking.

The fiscal year ends around December each year.

Related companies: Wells Fargo, Citigroup, JPMorgan Chase, U.S. Bancorp

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	89.113B	94.95B	102.769B	105.856B	113.097B
Pretax income	33.976B	30.969B	32.53B	33.223B	37.695B
Net income	31.978B	27.528B	26.305B	26.973B	30.509B
EPS (diluted)	$3.57	$3.19	$3.05	$3.19	$3.81
Operating cash flow	−7.193B	−6.327B	44.982B	−8.805B	12.613B
Total assets	3,169.495B	3,051.375B	3,180.151B	3,261.299B	3,411.738B
Total liabilities	2,899.429B	2,778.178B	2,888.505B	2,967.336B	3,108.495B
Total equity	270.066B	273.197B	290.209B	293.963B	303.243B
Cash and equivalents	348.221B	230.203B	333.073B	290.114B	231.845B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Bank of America Corporation · CIK 0000070858 · US-GAAP