Gross Profit for Bank of America (BAC)
According to Bank of America's latest reported financial statements, the company's current gross profit (TTM) is $110.47B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$110.47B
YoY change
+11.8%
5Y CAGR
+7.7%
Peak year (2025)
$107.42B
Cumulative gross profit
$1.96T
Gross Profit history chart for Bank of America (BAC) from 1992 to 2025
Gross Profit history table for Bank of America (BAC) from 1992 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $107.42B | +11.8% | ||
| 2024 | $96.07B | +2.0% | ||
| 2023 | $94.19B | +1.9% | ||
| 2022 | $92.41B | -1.4% | ||
| 2021 | $93.71B | +26.3% | ||
| 2020 | $74.21B | -15.3% | ||
| 2019 | $87.65B | -0.1% | ||
| 2018 | $87.74B | +4.8% | ||
| 2017 | $83.73B | +4.5% | ||
| 2016 | $80.10B | +0.4% | ||
| 2015 | $79.80B | -4.6% | ||
| 2014 | $83.62B | +1.4% | ||
| 2013 | $82.48B | +12.8% | ||
| 2012 | $73.09B | +0.6% | ||
| 2011 | $72.68B | -5.0% | ||
| 2010 | $76.53B | +25.3% | ||
| 2009 | $61.06B | +34.4% | ||
| 2008 | $45.42B | -16.5% | ||
| 2007 | $54.38B | -15.8% | ||
| 2006 | $64.58B | +26.7% | ||
| 2005 | $50.95B | +8.6% | ||
| 2004 | $46.90B | +30.3% | ||
| 2003 | $35.99B | +14.5% | ||
| 2002 | $31.43B | +1.9% | ||
| 2001 | $30.83B | +1.3% | ||
| 2000 | $30.42B | -1.0% | ||
| 1999 | $30.73B | +7.5% | ||
| 1998 | $28.58B | +0.1% | ||
| 1997 | $28.55B | +13.9% | ||
| 1996 | $25.06B | +207.3% | ||
| 1995 | $8.15B | +8.8% | ||
| 1994 | $7.50B | +17.3% | ||
| 1993 | $6.39B | +15.3% | ||
| 1992 | $5.54B | — |
Gross Profit values are taken from Bank of America's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Bank of America (BAC) reported gross profit of $107.42B – grew 11.8% year-over-year.
Across 2020–2025 (5 years), Bank of America gross profit produced a CAGR of +7.7% – sustaining 3 straight years of year-over-year growth.
The dataset's maximum gross profit sits at $107.42B (2025); the minimum reading of $5.54B dates to 1992.
Among 8 Financial Services peers, Bank of America (BAC) ranks 2nd; the peer median for gross profit is $70.30B.
Bank of America Gross Profit by Year
Bank of America Gross Profit 2025: $107.42B
Bank of America gross profit in 2025 was $107.42B, grew 11.8% from 2024. This figure represents the highest annual value in the available history.
Bank of America Gross Profit 2024: $96.07B
Bank of America gross profit in 2024 was $96.07B, edged up 2.0% from 2023.
Bank of America Gross Profit 2023: $94.19B
Bank of America gross profit in 2023 was $94.19B, edged up 1.9% from 2022.
Bank of America Gross Profit 2022: $92.41B
Bank of America gross profit in 2022 was $92.41B, edged down 1.4% below 2021.
Bank of America Gross Profit 2021: $93.71B
Bank of America gross profit in 2021 was $93.71B.
See more financial history for Bank of America (BAC).
Sector peers — Gross Profit
Companies in the same sector as Bank of America, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Citigroup Inc. (C) | $74.98B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Bank of America's gross profit?
- Latest reported gross profit for Bank of America (BAC) is $110.47B (period ending March 31, 2026).
How has Bank of America gross profit changed year-over-year?
- Bank of America (BAC) gross profit changed +11.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Bank of America gross profit?
- Bank of America (BAC) gross profit compound annual growth rate is +7.7% over the most recent 5 years available.
When did Bank of America gross profit hit its highest annual value?
- Bank of America gross profit reached its highest annual value of $107.42B in 2025.
What was Bank of America gross profit in 2024?
- Bank of America (BAC) gross profit in 2024 was $96.07B.
What was Bank of America gross profit in 2025?
- Bank of America (BAC) gross profit in 2025 was $107.42B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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