15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.7% per year over the past 5 years.
Net income has grown faster than revenue (11.3% vs 5.7% per year).
Financial health
Total debt ($338.2B) exceeds cash ($231.8B); net debt is $106.4B.
Total debt has grown in line with revenue (5.2% vs 5.7% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$113.1B
$30.5B
0.0%
0.0%
10.1%
0.9%
—
$338.2B
$231.8B
2024
$105.9B
$27.0B
0.0%
0.0%
9.2%
0.8%
—
$307.5B
$290.1B
2023
$102.8B
$26.3B
0.0%
0.0%
9.1%
0.8%
—
$315.3B
$333.1B
2022
$95.0B
$27.5B
0.0%
0.0%
10.1%
0.9%
—
$285.9B
$230.2B
2021
$89.1B
$32.0B
0.0%
0.0%
11.8%
1.0%
—
$280.1B
$348.2B
2020
$85.5B
$17.9B
0.0%
0.0%
6.6%
0.6%
—
$262.9B
$380.5B
2019
$91.2B
$27.4B
0.0%
0.0%
10.4%
1.1%
—
$240.9B
$161.6B
2018
$91.0B
$28.1B
0.0%
0.0%
10.6%
1.2%
—
$229.4B
$177.4B
2017
$87.1B
$18.2B
0.0%
0.0%
6.8%
0.8%
—
$227.4B
$157.4B
2016
$83.7B
$17.8B
0.0%
0.0%
6.7%
0.8%
—
$216.8B
$147.7B
2015
$83.0B
$15.9B
0.0%
0.0%
6.2%
0.7%
—
$236.8B
—
2014
$85.9B
$5.5B
0.0%
0.0%
2.3%
0.3%
—
$243.1B
—
2013
$87.5B
$10.5B
0.0%
0.0%
4.5%
0.5%
—
$249.7B
—
2012
$83.3B
$4.2B
0.0%
0.0%
1.8%
0.2%
—
$275.6B
—
2011
$93.5B
$1.4B
0.0%
0.0%
0.6%
0.1%
—
$372.3B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$30.0B
$6.9B
0.0%
0.0%
2.3%
0.2%
—
$318.7B
$249.6B
Jun '26
$31.6B
$9.1B
0.0%
0.0%
3.0%
0.3%
—
$339.9B
$229.7B
Mar '26
$30.3B
$8.6B
0.0%
0.0%
2.9%
0.2%
—
$326.0B
$242.5B
Dec '25
$31.2B
$7.5B
0.0%
0.0%
2.5%
0.2%
—
$338.2B
$231.8B
Sep '25
$29.0B
$8.3B
0.0%
0.0%
2.8%
0.2%
—
$311.5B
$246.5B
Jun '25
$27.4B
$7.2B
0.0%
0.0%
2.4%
0.2%
—
$313.4B
$266.0B
Mar '25
$28.2B
$7.4B
0.0%
0.0%
2.5%
0.2%
—
$304.1B
$273.6B
Dec '24
$29.3B
$6.5B
0.0%
0.0%
2.2%
0.2%
—
$307.5B
$290.1B
Sep '24
$25.3B
$6.9B
0.0%
0.0%
2.3%
0.2%
—
$296.9B
$295.6B
Jun '24
$25.4B
$6.9B
0.0%
0.0%
2.3%
0.2%
—
$290.5B
$320.6B
Mar '24
$25.8B
$6.7B
0.0%
0.0%
2.3%
0.2%
—
$296.3B
$313.4B
Dec '23
$22.0B
$3.1B
0.0%
0.0%
1.1%
0.1%
—
$315.3B
$333.1B
Sep '23
$25.2B
$7.8B
0.0%
0.0%
2.7%
0.2%
—
$290.4B
$351.7B
Jun '23
$25.2B
$7.4B
0.0%
0.0%
2.6%
0.2%
—
$286.1B
$373.6B
Mar '23
$26.3B
$8.2B
0.0%
0.0%
2.9%
0.3%
—
$283.9B
$376.2B
Dec '22
$24.5B
$7.1B
0.0%
0.0%
2.6%
0.2%
—
$285.9B
$230.2B
Sep '22
$24.5B
$7.1B
0.0%
0.0%
2.6%
0.2%
—
$269.1B
$205.0B
Jun '22
$22.7B
$6.2B
0.0%
0.0%
2.3%
0.2%
—
$275.7B
$198.0B
Mar '22
$23.2B
$7.1B
0.0%
0.0%
2.7%
0.2%
—
$278.7B
$273.9B
Dec '21
$22.1B
$7.0B
0.0%
0.0%
2.6%
0.2%
—
$280.1B
$348.2B
Valuation over time
How the market has priced BAC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 7.2× (Mar '23) to 11.2× (Nov '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 3.0× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BAC growing its revenue and profit?
Over the past 5 years, Bank of America's revenue has grown 5.7% per year, and net income grown 11.3% per year. These are computed facts, not advice.
How much debt does BAC have?
As of FY2025, Bank of America reported $338.2B of total debt against $231.8B of cash.
What is BAC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 27.0%.
What is BAC's P/E ratio?
Bank of America's P/E (TTM) is 10.65 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BAC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 11.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.