Operating Income for Bank of America (BAC)
According to Bank of America's latest reported financial statements, the company's current operating income (TTM) is $39.98B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$39.98B
YoY change
+28.9%
5Y CAGR
+14.7%
Peak year (2025)
$37.70B
Cumulative operating income
$555.54B
Operating Income history chart for Bank of America (BAC) from 1992 to 2025
Operating Income history table for Bank of America (BAC) from 1992 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $37.70B | +28.9% | ||
| 2024 | $29.25B | +3.2% | ||
| 2023 | $28.34B | -8.5% | ||
| 2022 | $30.97B | -8.9% | ||
| 2021 | $33.98B | +78.9% | ||
| 2020 | $19.00B | -42.0% | ||
| 2019 | $32.75B | -5.3% | ||
| 2018 | $34.58B | +18.4% | ||
| 2017 | $29.21B | +16.8% | ||
| 2016 | $25.02B | +12.8% | ||
| 2015 | $22.19B | +178.6% | ||
| 2014 | $7.96B | -50.8% | ||
| 2013 | $16.17B | +426.4% | ||
| 2012 | $3.07B | -1435.7% | ||
| 2011 | -$230.00M | -82.6% | ||
| 2010 | -$1.32B | -130.3% | ||
| 2009 | $4.36B | -1.5% | ||
| 2008 | $4.43B | -78.8% | ||
| 2007 | $20.92B | -34.6% | ||
| 2006 | $31.97B | +30.6% | ||
| 2005 | $24.48B | +17.1% | ||
| 2004 | $20.91B | +31.8% | ||
| 2003 | $15.86B | +22.1% | ||
| 2002 | $12.99B | +28.4% | ||
| 2001 | $10.12B | -14.2% | ||
| 2000 | $11.79B | -3.5% | ||
| 1999 | $12.21B | +51.8% | ||
| 1998 | $8.05B | -23.8% | ||
| 1997 | $10.56B | +13.4% | ||
| 1996 | $9.31B | +211.3% | ||
| 1995 | $2.99B | +17.1% | ||
| 1994 | $2.56B | +28.3% | ||
| 1993 | $1.99B | +42.6% | ||
| 1992 | $1.40B | — |
Operating 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
2025's annual operating income for Bank of America (BAC) came in at $37.70B – grew 28.9% year-over-year.
Across 2020–2025 (5 years), Bank of America operating income produced a CAGR of +14.7% – sustaining 2 straight years of year-over-year growth.
The dataset's maximum operating income sits at $37.70B (2025); the minimum reading of -$1.32B dates to 2010.
Bank of America (BAC) sits 3rd of 8 Financial Services peers we track on this metric, against a peer median of $22.97B.
Bank of America Operating Income by Year
Bank of America Operating Income 2025: $37.70B
Bank of America operating income in 2025 was $37.70B, grew 28.9% from 2024. This figure represents the highest annual value in the available history.
Bank of America Operating Income 2024: $29.25B
Bank of America operating income in 2024 was $29.25B, edged up 3.2% from 2023.
Bank of America Operating Income 2023: $28.34B
Bank of America operating income in 2023 was $28.34B, declined 8.5% below 2022.
Bank of America Operating Income 2022: $30.97B
Bank of America operating income in 2022 was $30.97B, declined 8.9% below 2021.
Bank of America Operating Income 2021: $33.98B
Bank of America operating income in 2021 was $33.98B.
See more financial history for Bank of America (BAC).
Sector peers — Operating Income
Companies in the same sector as Bank of America, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Citigroup Inc. (C) | $19.83B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Bank of America's operating income?
- Latest reported operating income for Bank of America (BAC) is $39.98B (period ending March 31, 2026).
How has Bank of America operating income changed year-over-year?
- Bank of America (BAC) operating income changed +28.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Bank of America operating income?
- Bank of America (BAC) operating income compound annual growth rate is +14.7% over the most recent 5 years available.
When did Bank of America operating income hit its highest annual value?
- Bank of America operating income reached its highest annual value of $37.70B in 2025.
What was Bank of America operating income in 2024?
- Bank of America (BAC) operating income in 2024 was $29.25B.
What was Bank of America operating income in 2025?
- Bank of America (BAC) operating income in 2025 was $37.70B.
Metrics overview
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