Bank of America (BAC) Revenue & Revenue Breakdown

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Bank of America Revenue Highlights

Latest Revenue (Y)

$101.89B

Latest Revenue (Q)

$46.67B

Main Segment (Y)

Investment and Brokerage Services

Main Geography (Y)

UNITED STATES

Bank of America Revenue by Period

Bank of America Revenue by Year

Date	Revenue	Change
2024-12-31	$101.89B	3.35%
2023-12-31	$98.58B	3.82%
2022-12-31	$94.95B	6.55%
2021-12-31	$89.11B	4.19%
2020-12-31	$85.53B	-6.26%
2019-12-31	$91.24B	0.25%
2018-12-31	$91.02B	4.47%
2017-12-31	$87.13B	4.09%
2016-12-31	$83.70B	0.89%
2015-12-31	$82.97B	-3.41%
2014-12-31	$85.89B	-0.17%
2013-12-31	$86.04B	5.88%
2012-12-31	$81.26B	-5.61%
2011-12-31	$86.09B	-17.97%
2010-12-31	$104.96B	-4.26%
2009-12-31	$109.63B	51.75%
2008-12-31	$72.24B	15.09%
2007-12-31	$62.77B	-9.80%
2006-12-31	$69.59B	26.61%
2005-12-31	$54.96B	10.67%
2004-12-31	$49.66B	27.91%
2003-12-31	$38.83B	10.54%
2002-12-31	$35.12B	0.03%
2001-12-31	$35.11B	6.55%
2000-12-31	$32.96B	1.26%
1999-12-31	$32.55B	3.31%
1998-12-31	$31.50B	3.43%
1997-12-31	$30.46B	14.06%
1996-12-31	$26.70B	212.85%
1995-12-31	$8.54B	9.34%
1994-12-31	$7.81B	14.44%
1993-12-31	$6.82B	-

Bank of America generated $101.89B in revenue during NA 2024, up 3.35% compared to the previous quarter, and up 111.66% compared to the same period a year ago.

Bank of America Revenue by Quarter

Date	Revenue	Change
2025-06-30	$46.67B	-0.69%
2025-03-31	$46.99B	0.05%
2024-12-31	$46.97B	-3.90%
2024-09-30	$48.87B	0.70%
2024-06-30	$48.53B	0.95%
2024-03-31	$48.07B	10.15%
2023-12-31	$43.64B	-1.73%
2023-09-30	$44.41B	2.35%
2023-06-30	$43.39B	7.24%
2023-03-31	$40.47B	15.86%
2022-12-31	$34.93B	15.05%
2022-09-30	$30.36B	20.38%
2022-06-30	$25.22B	2.73%
2022-03-31	$24.55B	5.80%
2021-12-31	$23.20B	-3.35%
2021-09-30	$24.01B	6.14%
2021-06-30	$22.62B	-5.82%
2021-03-31	$24.02B	12.73%
2020-12-31	$21.31B	-1.78%
2020-09-30	$21.69B	-9.68%
2020-06-30	$24.02B	-10.16%
2020-03-31	$26.73B	-1.47%
2019-12-31	$27.14B	-4.91%
2019-09-30	$28.54B	-2.00%
2019-06-30	$29.12B	1.11%
2019-03-31	$28.80B	1.88%
2018-12-31	$28.27B	2.32%
2018-09-30	$27.63B	1.99%
2018-06-30	$27.09B	0.71%
2018-03-31	$26.90B	31.63%
2017-12-31	$20.44B	-2.71%
2017-09-30	$21.00B	-4.97%
2017-06-30	$22.10B	3.22%
2017-03-31	$21.41B	11.43%
2016-12-31	$19.22B	-7.55%
2016-09-30	$20.79B	1.90%
2016-06-30	$20.40B	4.54%
2016-03-31	$19.51B	0.11%
2015-12-31	$19.49B	-5.90%
2015-09-30	$20.71B	-5.97%
2015-06-30	$22.03B	4.03%
2015-03-31	$21.18B	12.96%
2014-12-31	$18.75B	-11.58%
2014-09-30	$21.20B	-0.89%
2014-06-30	$21.39B	-1.80%
2014-03-31	$21.78B	3.65%
2013-12-31	$21.01B	3.28%
2013-09-30	$20.35B	-7.72%
2013-06-30	$22.05B	-2.59%
2013-03-31	$22.63B	36.86%
2012-12-31	$16.54B	-19.07%
2012-09-30	$20.43B	-5.42%
2012-06-30	$21.61B	0.25%
2012-03-31	$21.55B	0.51%
2011-12-31	$21.44B	-20.85%
2011-09-30	$27.09B	124.48%
2011-06-30	$12.07B	-52.65%
2011-03-31	$25.49B	-28.83%
2010-12-31	$35.81B	84.35%
2010-09-30	$19.43B	-26.73%
2010-06-30	$26.51B	-17.00%
2010-03-31	$31.95B	53.17%
2009-12-31	$20.86B	-19.75%
2009-09-30	$25.99B	-3.14%
2009-06-30	$26.83B	-22.36%
2009-03-31	$34.56B	167.11%
2008-12-31	$12.94B	-34.07%
2008-09-30	$19.62B	-3.42%
2008-06-30	$20.32B	19.48%
2008-03-31	$17.00B	97.53%
2007-12-31	$8.61B	-

Bank of America generated $46.67B in revenue during Q2 2025, up -0.69% compared to the previous quarter, and up 97.08% compared to the same period a year ago.

Bank of America Revenue Breakdown

Bank of America Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Investment Banking Income, Financial Advisory Services	$1.69B	$1.57B	$1.78B	$2.31B	$1.62B
Investment Banking Income, Underwriting Income	$3.27B	$2.23B	$1.97B	$5.08B	$4.70B
Investment Banking Income, Syndication Fees	$1.22B	$898.00M	$1.07B	$1.50B	$861.00M
Investment and Brokerage Services	$17.77B	$15.56B	$15.90B	$16.69B	$14.57B
Investment Banking Fees	$6.19B	$4.71B	$4.82B	$8.89B	$7.18B
Investment And Brokerage Services, Brokerage Fees	$3.89B	$3.56B	$3.75B	$3.96B	$3.87B
Investment And Brokerage Services, Asset Management Fees	$13.88B	$12.00B	$12.15B	$12.73B	$10.71B

Bank of America's latest annual revenue breakdown by segment (product or service), as of Dec 24: Investment and Brokerage Services (37.09%), Investment And Brokerage Services, Asset Management Fees (28.96%), Investment Banking Fees (12.91%), Investment And Brokerage Services, Brokerage Fees (8.12%), Investment Banking Income, Underwriting Income (6.84%), Investment Banking Income, Financial Advisory Services (3.53%), and Investment Banking Income, Syndication Fees (2.55%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Global Markets Segment	$5.98B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Global Wealth and Investment Management Segment	$5.94B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer Banking Segment	$10.81B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Global Banking Segment	$5.69B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Banking Fees	-	$1.52B	$3.22B	$1.40B	$1.56B	$2.33B	$1.21B	$1.16B	$1.07B	$1.17B	$1.13B	$1.46B	$2.35B	$2.17B	$2.12B	$2.25B	$1.86B	$1.77B	$2.16B	$1.39B
Loans and Leases	-	$15.22B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt securities	-	$6.77B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal funds sold and securities borrowed or purchased under agreements to resell	-	$3.77B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading account assets	-	$3.01B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
other interest income	-	$5.29B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card income	-	$1.52B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges	-	$1.56B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment And Brokerage Services	-	$4.81B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Market making and similar activities	-	$3.58B	$2.50B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
other income	-	$-76.00M	$-1.06B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card income, Interchange fees	-	-	$1.03B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment and Brokerage Services	-	-	$8.90B	$4.55B	$4.32B	$7.87B	$3.84B	$3.85B	$3.72B	$3.79B	$4.09B	$4.29B	$4.27B	$4.24B	$4.12B	$4.06B	$3.77B	$3.62B	$3.42B	$3.76B
Investment Banking Income, Financial Advisory Services	-	-	$556.00M	$387.00M	$374.00M	$837.00M	$375.00M	$363.00M	$486.00M	$432.00M	$392.00M	$473.00M	$850.00M	$654.00M	$407.00M	$400.00M	$549.00M	$397.00M	$406.00M	$269.00M
Service Charges, Lending-Related Fees	-	-	$338.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Banking Income, Underwriting Income	-	-	$763.00M	$742.00M	$869.00M	$1.01B	$657.00M	$569.00M	$411.00M	$452.00M	$435.00M	$672.00M	$1.05B	$1.17B	$1.31B	$1.55B	$1.09B	$1.24B	$1.52B	$848.00M
Investment And Brokerage Services, Asset Management Fees	-	-	$3.70B	$3.53B	$3.37B	$6.12B	$2.97B	$2.92B	$2.84B	$2.92B	$3.10B	$3.29B	$3.29B	$3.28B	$3.16B	$3.00B	$2.80B	$2.74B	$2.48B	$2.68B
Investment And Brokerage Services, Brokerage Fees	-	-	$1.01B	$1.01B	$950.00M	$1.76B	$870.00M	$934.00M	$879.00M	$875.00M	$989.00M	$1.01B	$973.00M	$960.00M	$967.00M	$1.06B	$968.00M	$883.00M	$939.00M	$1.08B
Investment Banking Income, Syndication Fees	-	-	$335.00M	$274.00M	$318.00M	$487.00M	$180.00M	$231.00M	$174.00M	$283.00M	$301.00M	$312.00M	$452.00M	$346.00M	$401.00M	$300.00M	$227.00M	$133.00M	$230.00M	$271.00M
Service Charges, Deposit-Related Fees	-	-	$1.22B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card income, other	-	-	$593.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Bank of America's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Consumer Banking Segment (38.05%), Global Markets Segment (21.04%), Global Wealth and Investment Management Segment (20.89%), and Global Banking Segment (20.02%).

Bank of America Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Asia	$5.18B	$4.95B	$4.60B	$4.44B	$4.23B
UNITED STATES	$88.47B	$85.57B	$82.89B	$78.01B	$75.58B
Non-US	$13.42B	$13.01B	$12.06B	$11.10B	$9.95B
Latin America	$1.74B	$1.67B	$1.42B	$1.24B	$1.23B
EMEA	$6.50B	$6.39B	$6.04B	$5.42B	$4.49B

Bank of America's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (76.72%), Non-US (11.64%), EMEA (5.64%), Asia (4.50%), and Latin America (1.51%).

Bank of America Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MUFG	Mitsubishi UFJ Financial Group	$10.70T	$2.72T
BAC	Bank of America	$101.89B	$46.67B
WFC	Wells Fargo	$77.96B	$30.43B
C	Citigroup	$71.36B	$42.35B
HSBC	HSBC	$63.02B	$38.41B
RY	Royal Bank of Canada	$56.26B	$32.98B
GS	Goldman Sachs Group	$52.16B	$31.27B
BMO	Bank of Montreal	$33.05B	$19.49B

BAC Revenue FAQ

What is Bank of America’s yearly revenue?

Bank of America's yearly revenue for 2024 was $101.89B, representing an increase of 3.35% compared to 2023. The company's yearly revenue for 2023 was $98.58B, representing an increase of 3.82% compared to 2022. BAC's yearly revenue for 2022 was $94.95B, representing an increase of 6.55% compared to 2021.

What is Bank of America’s quarterly revenue?

Bank of America's quarterly revenue for Q2 2025 was $46.67B, a -0.69% decrease from the previous quarter (Q1 2025), and a -3.84% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $46.99B, a 0.05% increase from the previous quarter (Q4 2024), and a -2.25% decrease year-over-year (Q1 2024). BAC's quarterly revenue for Q4 2024 was $46.96B, a -3.90% decrease from the previous quarter (Q3 2024), and a 7.61% increase year-over-year (Q4 2023).

What is Bank of America’s revenue growth rate?

Bank of America's revenue growth rate for the last 3 years (2022-2024) was 7.31%, and for the last 5 years (2020-2024) was 19.13%.

What are Bank of America’s revenue streams?

Bank of America's revenue streams in c 24 are Investment Banking Income, Financial Advisory Services, Investment Banking Income, Underwriting Income, Investment Banking Income, Syndication Fees, Investment and Brokerage Services, Investment Banking Fees, Investment And Brokerage Services, Brokerage Fees, and Investment And Brokerage Services, Asset Management Fees. Investment Banking Income, Financial Advisory Services generated $1.69B in revenue, accounting 3.53% of the company's total revenue, up 7.30% year-over-year. Investment Banking Income, Underwriting Income generated $3.28B in revenue, accounting 6.84% of the company's total revenue, up 46.53% year-over-year. Investment Banking Income, Syndication Fees generated $1.22B in revenue, accounting 2.55% of the company's total revenue, up 35.97% year-over-year. Investment and Brokerage Services generated $17.77B in revenue, accounting 37.09% of the company's total revenue, up 14.16% year-over-year. Investment Banking Fees generated $6.19B in revenue, accounting 12.91% of the company's total revenue, up 31.39% year-over-year. Investment And Brokerage Services, Brokerage Fees generated $3.89B in revenue, accounting 8.12% of the company's total revenue, up 9.27% year-over-year. Investment And Brokerage Services, Asset Management Fees generated $13.88B in revenue, accounting 28.96% of the company's total revenue, up 15.61% year-over-year.

What is Bank of America’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Bank of America was Investment and Brokerage Services. This segment made a revenue of $17.77B, representing 37.09% of the company's total revenue.