Net Income for Bank of America (BAC)
According to Bank of America's latest reported financial statements, the company's current net income (TTM) is $31.70B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$31.70B
YoY change
+12.4%
5Y CAGR
+11.3%
Peak year (2021)
$31.98B
Cumulative net income
$432.31B
Net Income history chart for Bank of America (BAC) from 1992 to 2025
Net Income history table for Bank of America (BAC) from 1992 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $30.51B | +12.4% | ||
| 2024 | $27.13B | +2.3% | ||
| 2023 | $26.52B | -3.7% | ||
| 2022 | $27.53B | -13.9% | ||
| 2021 | $31.98B | +78.7% | ||
| 2020 | $17.89B | -34.8% | ||
| 2019 | $27.43B | -2.5% | ||
| 2018 | $28.15B | +54.4% | ||
| 2017 | $18.23B | +2.3% | ||
| 2016 | $17.82B | +12.0% | ||
| 2015 | $15.91B | +188.2% | ||
| 2014 | $5.52B | -51.7% | ||
| 2013 | $11.43B | +172.9% | ||
| 2012 | $4.19B | +189.6% | ||
| 2011 | $1.45B | -164.6% | ||
| 2010 | -$2.24B | -135.7% | ||
| 2009 | $6.28B | +56.6% | ||
| 2008 | $4.01B | -73.2% | ||
| 2007 | $14.98B | -29.1% | ||
| 2006 | $21.13B | +28.4% | ||
| 2005 | $16.46B | +18.1% | ||
| 2004 | $13.95B | +29.0% | ||
| 2003 | $10.81B | +16.9% | ||
| 2002 | $9.25B | +36.2% | ||
| 2001 | $6.79B | -9.6% | ||
| 2000 | $7.52B | -4.6% | ||
| 1999 | $7.88B | +52.6% | ||
| 1998 | $5.17B | -21.0% | ||
| 1997 | $6.54B | +12.5% | ||
| 1996 | $5.81B | +198.1% | ||
| 1995 | $1.95B | +15.4% | ||
| 1994 | $1.69B | +12.6% | ||
| 1993 | $1.50B | +31.1% | ||
| 1992 | $1.15B | — |
Net Income 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
The 2025 reading of Bank of America (BAC) net income is $30.51B – grew 12.4% year-over-year.
Bank of America net income has grown for 2 consecutive years, with a +11.3% compound annual growth rate over 2020–2025 (5 years).
Between 2021 and 2025, Bank of America net income edged down 4.6%, falling from $31.98B to $30.51B.
2021 marks the peak net income at $31.98B, with the historical low of -$2.24B recorded in 2010.
Bank of America (BAC) sits 3rd of 8 Financial Services peers we track on this metric, against a peer median of $18.62B.
Bank of America Net Income by Year
Bank of America Net Income 2025: $30.51B
Bank of America net income in 2025 was $30.51B, grew 12.4% from 2024.
Bank of America Net Income 2024: $27.13B
Bank of America net income in 2024 was $27.13B, edged up 2.3% from 2023.
Bank of America Net Income 2023: $26.52B
Bank of America net income in 2023 was $26.52B, edged down 3.7% below 2022.
Bank of America Net Income 2022: $27.53B
Bank of America net income in 2022 was $27.53B, declined 13.9% below 2021.
Bank of America Net Income 2021: $31.98B
Bank of America net income in 2021 was $31.98B.
See more financial history for Bank of America (BAC).
Sector peers — Net Income
Companies in the same sector as Bank of America, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $66.97B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $57.05B | Financial Services |
| Wells Fargo & Company (WFC) | $21.34B | Financial Services |
| Visa Inc. (V) | $20.06B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $17.18B | Financial Services |
| Morgan Stanley (MS) | $16.86B | Financial Services |
| Mastercard Incorporated (MA) | $14.97B | Financial Services |
| Citigroup Inc. (C) | $14.27B | Financial Services |
Frequently asked questions
What is Bank of America's net income?
- Latest reported net income for Bank of America (BAC) is $31.70B (period ending March 31, 2026).
How has Bank of America net income changed year-over-year?
- Bank of America (BAC) net income changed +12.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Bank of America net income?
- Bank of America (BAC) net income compound annual growth rate is +11.3% over the most recent 5 years available.
When did Bank of America net income hit its highest annual value?
- Bank of America net income reached its highest annual value of $31.98B in 2021.
What was Bank of America net income in 2024?
- Bank of America (BAC) net income in 2024 was $27.13B.
What was Bank of America net income in 2025?
- Bank of America (BAC) net income in 2025 was $30.51B.
Metrics overview
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