Bank of America (BAC): financials, SEC filings and peers
Bank of America (BAC) is a diversified banks company in the Financials sector of the S&P 500, headquartered in Charlotte, North Carolina.
It was founded in 1998 and joined the S&P 500 on June 30, 1976.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “National Commercial Banks”.
Bank of America at a glance
- Revenue (12 months)
- $121.1B
- Revenue growth
- +9.7%
- Operating margin
- 36.2%
- Net income (12 months)
- $33.7B
- Free cash flow (12 months)
- —
- Cash
- $229.7B
- Debt
- $339.9B
- Diluted EPS (12 months)
- $4.34
Twelve months to June 30, 2026, from the 10-Q filed July 31, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Bank of America reported revenue of $121.1 billion, up 9.7% from a year earlier.
Its operating margin was 36.2%, up 3.5 percentage points from a year earlier: for every $100 of sales, about $36 was left as operating profit.
Net income was $33.7 billion (27.8% of revenue), 20.5% higher than a year earlier.
At the end of the period it held $229.7 billion in cash and $339.9 billion in debt, a net debt position of $110.1 billion.
The diluted share count fell 4.7% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $85.5 billion in fiscal 2020 to $113.1 billion in fiscal 2025, about 5.7% a year.
- Revenue has grown for 5 fiscal years in a row.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $89.1B | $95.0B | $102.8B | $105.9B | $113.1B |
| Revenue growth | 4.2% | 6.6% | 8.2% | 3.0% | 6.8% |
| Operating margin | — | — | — | — | — |
| Net income | $32.0B | $27.5B | $26.3B | $27.0B | $30.5B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $3.57 | $3.19 | $3.05 | $3.19 | $3.81 |
Fiscal years as reported in Bank of America’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Companies like Bank of America
Other S&P 500 companies in Diversified Banks:
- CCitigroupNew York City, New York
- JPMJPMorgan ChaseNew York City, New York
- PNCPNC Financial ServicesPittsburgh, Pennsylvania
- TFCTruist FinancialCharlotte, North Carolina
- USBU.S. BancorpMinneapolis, Minnesota
- WFCWells FargoSan Francisco, California
More from Financials
Questions about Bank of America
Is Bank of America's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $121.1 billion, up 9.7% from a year earlier, according to its SEC filings.
Is Bank of America profitable?
Yes. It earned $33.7 billion in net income over the twelve months to June 30, 2026, a net margin of 27.8%.
Does Bank of America have more cash or more debt?
At June 30, 2026 it had $229.7 billion in cash and $339.9 billion in debt, so more debt than cash.
Which companies are similar to Bank of America?
In the S&P 500, Bank of America is grouped in Diversified Banks within the Financials sector. Citigroup (C), JPMorgan Chase (JPM), PNC Financial Services (PNC), Truist Financial (TFC), U.S. Bancorp (USB) are in the same group.
Understand the numbers
Source: Bank of America’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.