MARKETS / NYSE / BAC

NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP

Bank of America Corp. BAC

19 fiscal years on record · USD · FY2025 reported · SEC filings only

12 YEARS OF DIVIDEND GROWTH

Revenue

$113.1B

▲ 6.8% YoY

Net income

$30.5B

▲ 13.1% YoY

In brief

What this company does

Bank of America serves individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with banking, investing, asset management and other financial and risk management products and services. At December 31, 2025, it employed approximately 213,000 employees, of which 77 percent were located in the U.S. It provides banking and nonbank financial services and products through bank and nonbank subsidiaries in the U.S. and in international markets, organized in four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets, with the remaining operations recorded in All Other. Its principal executive offices are located in the Bank of America Corporate Center in Charlotte, North Carolina. It is subject to the supervision of, and regular inspection by, the Board of Governors of the Federal Reserve System. Bank of America Corporation is a Delaware corporation, a bank holding company and a financial holding company.

Written from the business description in BANK OF AMERICA CORP /DE/'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 113.1B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 113.1 · Net income 30.5

Compound annual growth

Revenue

+6.0%

+5.7%

+3.1%

+0.2%

Net income

+3.5%

+11.3%

+6.7%

EPS, diluted

+6.1%

+15.3%

+11.3%

Dividend / share

+7.9%

+8.4%

+18.4%

+24.6%

Returned to shareholders

+61.7%

+25.0%

+24.6%

+18.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.7% a year over five years — but profit grew faster: net income at +11.3%, earnings per share at +15.3%.

The share count fell from 8.65B to 7.21B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

27 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 33.3% · Net 27.0%

ROE

FY2025 · ROE 10.2%

Gross margin—

Operating margin33.3%

Net margin27.0%

Return on assets0.9%

EBITDAUSD 40.0B

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 21.4B

returned in FY2025 · dividends + net buybacks

Net buybacks $B Dividends $B

FY2025 · Dividends — · Net buybacks 21.4

Dividends paid—

Net buybacksUSD 21.4B

Share of profit70.3%

Consecutive raises12 years

USD 21.4B in buybacks — 70% of the year's profit went back to shareholders.

Total assetsUSD 3.41T

EquityUSD 303.2B

CashUSD 231.8B

Gross debtUSD 365.9B

Net debtUSD 134.1B

DepositsUSD 2.02T

Net debt stands at 44% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	113.1	105.9	102.8	95.0	89.1	85.5	91.2	91.0	87.1	83.7	83.0	85.9	88.9	83.3	93.5	110.2	119.6	72.8	66.8
Operating income $B	37.7	33.2	32.5	31.0	34.0	19.0	32.8	34.6	29.2	25.0	22.2	8.0	16.2	3.1	−0.2	−1.3	4.4	·	·
EBITDA $B	40.0	35.4	34.6	32.9	35.9	20.8	34.5	36.6	31.3	·	·	·	·	·	·	·	·	·	·
Income tax $B	7.2	6.2	6.2	3.4	2.0	1.1	5.3	6.4	11.0	7.2	6.3	2.4	4.7	−1.1	−1.7	0.9	−1.9	0.4	5.9
Net income $B	30.5	27.0	26.3	27.5	32.0	17.9	27.4	28.1	18.2	17.8	15.9	5.5	11.4	4.2	1.4	−2.2	6.3	4.0	15.0
EPS, diluted $	3.81	3.19	3.05	3.19	3.57	1.87	2.75	2.61	1.56	1.49	1.31	0.42	0.90	0.25	0.01	−0.37	−0.29	0.54	3.29
Dividend / sh $	1.08	1.00	0.92	0.86	0.78	0.72	0.66	0.54	0.39	0.25	0.20	0.12	0.04	0.04	0.04	0.04	0.04	2.24	2.40
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	15	46	120	−79	77	288	73
ROE %	10.2	9.2	9.3	10.1	11.8	6.7	10.3	10.6	6.8	6.8	6.4	2.3	4.9	1.8	0.6	−1.0	3.1	2.5	10.2
Shares out B	7.21	7.61	7.90	8.00	8.08	8.65	8.84	9.67	10.29	10.05	10.38	10.52	10.59	10.78	10.54	10.09	8.65	5.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 1 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2007