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
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
FCF
Total debt
Cash
2025
$113.1B
$30.5B
0.0%
0.0%
—
$338.2B
$231.8B
2024
$105.9B
$27.0B
0.0%
0.0%
—
$307.5B
$290.1B
2023
$102.8B
$26.3B
0.0%
0.0%
—
$315.3B
$333.1B
2022
$95.0B
$27.5B
0.0%
0.0%
—
$285.9B
$230.2B
2021
$89.1B
$32.0B
0.0%
0.0%
—
$280.1B
$348.2B
2020
$85.5B
$17.9B
0.0%
0.0%
—
$262.9B
$380.5B
2019
$91.2B
$27.4B
0.0%
0.0%
—
$240.9B
$161.6B
2018
$91.0B
$28.1B
0.0%
0.0%
—
$229.4B
$177.4B
2017
$87.1B
$18.2B
0.0%
0.0%
—
$227.4B
$157.4B
2016
$83.7B
$17.8B
0.0%
0.0%
—
$216.8B
$147.7B
2015
$83.0B
$15.9B
0.0%
0.0%
—
$236.8B
—
2014
$85.9B
$5.5B
0.0%
0.0%
—
$243.1B
—
2013
$87.5B
$10.5B
0.0%
0.0%
—
$249.7B
—
2012
$83.3B
$4.2B
0.0%
0.0%
—
$275.6B
—
2011
$93.5B
$1.4B
0.0%
0.0%
—
$372.3B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$30.3B
$8.6B
0.0%
0.0%
—
$326.0B
$242.5B
Dec '25
$31.2B
$7.5B
0.0%
0.0%
—
$338.2B
$231.8B
Sep '25
$28.1B
$8.5B
0.0%
0.0%
—
$311.5B
$246.5B
Jun '25
$26.5B
$7.1B
0.0%
0.0%
—
$313.4B
$266.0B
Mar '25
$28.2B
$7.4B
0.0%
0.0%
—
$304.1B
$273.6B
Dec '24
$29.3B
$6.5B
0.0%
0.0%
—
$307.5B
$290.1B
Sep '24
$25.3B
$6.9B
0.0%
0.0%
—
$296.9B
$295.6B
Jun '24
$25.4B
$6.9B
0.0%
0.0%
—
$290.5B
$320.6B
Mar '24
$25.8B
$6.7B
0.0%
0.0%
—
$296.3B
$313.4B
Dec '23
$22.0B
$3.1B
0.0%
0.0%
—
$315.3B
$333.1B
Sep '23
$25.2B
$7.8B
0.0%
0.0%
—
$290.4B
$351.7B
Jun '23
$25.2B
$7.4B
0.0%
0.0%
—
$286.1B
$373.6B
Mar '23
$26.3B
$8.2B
0.0%
0.0%
—
$283.9B
$376.2B
Dec '22
$24.5B
$7.1B
0.0%
0.0%
—
$285.9B
$230.2B
Sep '22
$24.5B
$7.1B
0.0%
0.0%
—
$269.1B
$205.0B
Jun '22
$22.7B
$6.2B
0.0%
0.0%
—
$275.7B
$198.0B
Mar '22
$23.2B
$7.1B
0.0%
0.0%
—
$278.7B
$273.9B
Dec '21
$22.1B
$7.0B
0.0%
0.0%
—
$280.1B
$348.2B
Sep '21
$22.8B
$7.7B
0.0%
0.0%
—
$278.6B
$279.9B
Jun '21
$21.5B
$9.2B
0.0%
0.0%
—
$274.6B
$260.0B
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 7.4× (Mar '23) to 13.5× (Jun '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 3.7× (Jun '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?
As of Jun '26, Bank of America traded at a price-to-earnings ratio of about 13.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.