TTM
22.9%
YoY change
+4.48pp
Trough year (2010)
-1.0%
Peak year (2021)
36.2%
Latest annual
19.7%
Operating Margin history chart for Bank of America (BAC) from 1992 to 2025
Latest: 19.7%
Operating Margin change chart for Bank of America (BAC) from 1992 to 2025
Latest: +4.48pp
Operating Margin history table for Bank of America (BAC) from 1992 to 2025
| 2025 | 19.7% | +4.48pp | ||
| 2024 | 15.2% | -1.28pp | ||
| 2023 | 16.5% | -10.43pp | ||
| 2022 | 26.9% | -9.28pp | ||
| 2021 | 36.2% | +15.94pp | ||
| 2020 | 20.3% | -8.57pp | ||
| 2019 | 28.8% | -2.71pp | ||
| 2018 | 31.5% | +2.18pp | ||
| 2017 | 29.4% | +2.66pp | ||
| 2016 | 26.7% | +2.99pp | ||
| 2015 | 23.7% | +15.50pp | ||
| 2014 | 8.2% | -8.15pp | ||
| 2013 | 16.4% | +13.23pp | ||
| 2012 | 3.1% | +3.35pp | ||
| 2011 | -0.2% | +0.81pp | ||
| 2010 | -1.0% | -4.13pp | ||
| 2009 | 3.1% | -0.83pp | ||
| 2008 | 3.9% | -14.16pp | ||
| 2007 | 18.1% | -10.06pp | ||
| 2006 | 28.2% | -1.40pp | ||
| 2005 | 29.5% | -2.79pp | ||
| 2004 | 32.3% | -0.03pp | ||
| 2003 | 32.4% | +4.34pp | ||
| 2002 | 28.0% | +8.97pp | ||
| 2001 | 19.0% | -1.36pp | ||
| 2000 | 20.4% | -3.25pp | ||
| 1999 | 23.7% | +8.12pp | ||
| 1998 | 15.5% | -5.85pp | ||
| 1997 | 21.4% | -0.07pp | ||
| 1996 | 21.5% | +3.12pp | ||
| 1995 | 18.3% | -1.13pp | ||
| 1994 | 19.5% | +0.31pp | ||
| 1993 | 19.2% | +5.12pp | ||
| 1992 | 14.0% | — |
- 202519.7%+4.48pp
- 202415.2%-1.28pp
- 202316.5%-10.43pp
- 202226.9%-9.28pp
- 202136.2%+15.94pp
- 202020.3%-8.57pp
- 201928.8%-2.71pp
- 201831.5%+2.18pp
- 201729.4%+2.66pp
- 201626.7%+2.99pp
- 201523.7%+15.50pp
- 20148.2%-8.15pp
- 201316.4%+13.23pp
- 20123.1%+3.35pp
- 2011-0.2%+0.81pp
- 2010-1.0%-4.13pp
- 20093.1%-0.83pp
- 20083.9%-14.16pp
- 200718.1%-10.06pp
- 200628.2%-1.40pp
- 200529.5%-2.79pp
- 200432.3%-0.03pp
- 200332.4%+4.34pp
- 200228.0%+8.97pp
- 200119.0%-1.36pp
- 200020.4%-3.25pp
- 199923.7%+8.12pp
- 199815.5%-5.85pp
- 199721.4%-0.07pp
- 199621.5%+3.12pp
- 199518.3%-1.13pp
- 199419.5%+0.31pp
- 199319.2%+5.12pp
- 199214.0%—
Operating Margin values are taken from Bank of America's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Bank of America (BAC)
According to Bank of America's latest reported financial statements, the company's latest reported operating margin is 22.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Bank of America (BAC) operating margin is 19.68% – expanded 4.5 percentage points year-over-year.
36.20% stands as the all-time-high annual operating margin, posted in 2021, against a low of -1.03% during 2010.
Bank of America Operating Margin by Year
Bank of America Operating Margin 2025: 19.7%
Bank of America operating margin in 2025 was 19.68%, expanded 4.5 percentage points from 2024.
Bank of America Operating Margin 2024: 15.2%
2024's operating margin for Bank of America came in at 15.20%, contracted 1.3 percentage points from 2023.
Bank of America Operating Margin 2023: 16.5%
Bank of America posted operating margin of 16.49% in 2023, contracted 10.4 percentage points from 2022.
Bank of America Operating Margin 2022: 26.9%
In 2022, Bank of America reported operating margin of 26.92%, contracted 9.3 percentage points from 2021.
Bank of America Operating Margin 2021: 36.2%
Bank of America operating margin in 2021 was 36.20%.
See more financial history for Bank of America (BAC).
Sector peers by Operating Margin
Financial Services peers of Bank of America (BAC), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% | |
| 12.8% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
- 12.8%
Frequently asked questions
Bank of America (BAC) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation