Bank of America Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	98,581	94,950	89,113	85,528	91,244	91,020	87,126	83,701	82,965	85,894	Upgrade
Revenue Growth (YoY)	3.82%	6.55%	4.19%	-6.26%	0.25%	4.47%	4.09%	0.89%	-3.41%	-3.43%	Upgrade
Gross Profit	98,581	94,950	89,113	85,528	91,244	91,020	87,126	83,701	82,965	85,894	Upgrade
Selling, General & Admin	55,530	51,506	50,081	46,558	47,492	45,742	46,946	55,083	57,617	74,720	Upgrade
Other Operating Expenses	10,315	9,932	9,650	8,655	7,408	7,412	7,571	0	0	936	Upgrade
Operating Expenses	65,845	61,438	59,731	55,213	54,900	53,154	54,517	55,083	57,617	75,656	Upgrade
Operating Income	32,736	33,512	29,382	30,315	36,344	37,866	32,609	28,618	25,348	10,238	Upgrade
Other Expense / Income	4,394	2,543	-4,594	11,320	3,590	3,282	3,396	3,597	3,161	2,275	Upgrade
Pretax Income	28,342	30,969	33,976	18,995	32,754	34,584	29,213	25,021	22,187	7,963	Upgrade
Income Tax	1,827	3,441	1,998	1,101	5,324	6,437	10,981	7,199	6,277	2,443	Upgrade
Net Income	26,515	27,528	31,978	17,894	27,430	28,147	18,232	17,822	15,910	5,520	Upgrade
Preferred Dividends	1,649	1,513	1,421	1,421	1,432	1,451	1,614	1,682	1,483	1,044	Upgrade
Net Income Common	24,866	26,015	30,557	16,473	25,998	26,696	16,618	16,140	14,427	4,476	Upgrade
Net Income Growth	-4.42%	-14.86%	85.50%	-36.64%	-2.61%	60.65%	2.96%	11.87%	222.32%	-55.60%	Upgrade
Shares Outstanding (Basic)	8,029	8,114	8,493	8,753	9,391	10,097	10,196	10,284	10,462	10,528	Upgrade
Shares Outstanding (Diluted)	8,081	8,168	8,558	8,797	9,443	10,237	10,778	11,047	11,236	10,585	Upgrade
Shares Change	-1.07%	-4.57%	-2.71%	-6.84%	-7.76%	-5.02%	-2.43%	-1.69%	6.16%	-7.89%	Upgrade
EPS (Basic)	3.10	3.21	3.60	1.88	2.77	2.64	1.63	1.57	1.38	0.43	Upgrade
EPS (Diluted)	3.08	3.19	3.57	1.87	2.75	2.61	1.56	1.49	1.31	0.42	Upgrade
EPS Growth	-3.45%	-10.64%	90.91%	-32.00%	5.36%	67.31%	4.70%	13.74%	211.90%	-53.33%	Upgrade
Free Cash Flow	44,982	-6,327	-7,193	37,993	61,777	39,520	9,864	17,277	28,397	30,795	Upgrade
Free Cash Flow Per Share	5.60	-0.78	-0.85	4.34	6.58	3.91	0.97	1.68	2.71	2.92	Upgrade
Dividend Per Share	0.920	0.860	0.780	0.720	0.660	0.540	0.390	0.250	0.200	0.120	Upgrade
Dividend Growth	6.98%	10.26%	8.33%	9.09%	22.22%	38.46%	56.00%	25.00%	66.67%	200.00%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	33.21%	35.29%	32.97%	35.44%	39.83%	41.60%	37.43%	34.19%	30.55%	11.92%	Upgrade
Profit Margin	25.22%	27.40%	34.29%	19.26%	28.49%	29.33%	19.07%	19.28%	17.39%	5.21%	Upgrade
Free Cash Flow Margin	45.63%	-6.66%	-8.07%	44.42%	67.71%	43.42%	11.32%	20.64%	34.23%	35.85%	Upgrade
Effective Tax Rate	6.45%	11.11%	5.88%	5.80%	16.25%	18.61%	37.59%	28.77%	28.29%	30.68%	Upgrade
EBITDA	30,399	32,947	35,874	20,838	34,483	36,647	31,316	27,262	24,576	10,485	Upgrade
EBITDA Margin	30.84%	34.70%	40.26%	24.36%	37.79%	40.26%	35.94%	32.57%	29.62%	12.21%	Upgrade
Depreciation & Amortization	2,057	1,978	1,898	1,843	1,729	2,063	2,103	2,241	2,389	2,522	Upgrade
EBIT	28,342	30,969	33,976	18,995	32,754	34,584	29,213	25,021	22,187	7,963	Upgrade
EBIT Margin	28.75%	32.62%	38.13%	22.21%	35.90%	38.00%	33.53%	29.89%	26.74%	9.27%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).