Bank of America (BAC) Profit Margin
Market Cap: $324.27B
Avg Volume: 38.69M
Industry: Banks - Diversified
Sector: Financial Services
Profit Margin Summary (Annual)
According to Bank of America's latest annual financial reports, the company has an operating profit margin of 41.24%. This metric indicates the percentage of revenue that remains after deducting operating expenses, excluding interest and taxes.
The company's gross profit margin stands at 100.00%, reflecting the percentage of revenue that exceeds the cost of goods sold (COGS).
The pretax profit margin is 29.59%, indicating the percentage of revenue that remains after deducting all expenses except taxes.
Lastly, the net profit margin is 27.68%, which shows the percentage of revenue that remains as profit after all expenses, including taxes, have been deducted.
The trailing twelve months (TTM) operating profit margin is 38.63%, providing a more up-to-date view of the company's financial health.
Operating Margin
41.24%
Gross Margin
100.00%
Pretax Margin
29.59%
Net Margin
27.68%
Historical Operating Profit Margin
Historical Gross Profit Margin
Historical Pretax Profit Margin
Historical Net Profit Margin
Bank of America Historical Profit Margins
Bank of America Profit Margin History
The table below shows the margins for each year, with the latest data available for the last fiscal year 2023.
| Year | Operating Margin | Gross Margin | Pretax Margin | Net Margin |
|---|---|---|---|---|
| 2023 | 41.24% | 100.00% | 29.59% | 27.68% |
| 2022 | 41.82% | 0.00% | 33.51% | 29.79% |
| 2021 | 43.70% | 0.00% | 36.26% | 34.13% |
| 2020 | 34.67% | 0.00% | 25.60% | 24.11% |
| 2019 | 45.38% | 0.00% | 38.27% | 32.05% |
| 2018 | 47.36% | 0.00% | 39.42% | 32.08% |
| 2017 | 44.63% | 0.00% | 34.89% | 21.77% |
| 2016 | 43.46% | 0.00% | 31.24% | 22.25% |
| 2015 | 41.24% | 0.00% | 27.80% | 19.94% |
| 2014 | 41.55% | 0.00% | 9.52% | 6.60% |
| 2013 | 39.46% | 0.00% | 17.55% | 12.55% |
| 2012 | 3.72% | 0.00% | 4.18% | 3.75% |
| 2011 | -0.27% | 100.00% | -0.27% | 1.68% |
| 2010 | -1.26% | 77.72% | -1.26% | -2.13% |
| 2009 | 3.98% | 79.61% | 3.98% | 5.72% |
| 2008 | 6.13% | 82.31% | 6.13% | 5.55% |
| 2007 | 33.61% | 84.47% | 33.61% | 24.07% |
| 2006 | 46.08% | 87.41% | 46.08% | 30.45% |
| 2005 | 42.82% | 86.17% | 42.82% | 28.80% |
| 2004 | 41.60% | 84.26% | 41.60% | 27.72% |
| 2003 | 40.85% | 100.00% | 40.85% | 27.84% |
| 2002 | 36.99% | 100.00% | 36.99% | 26.33% |
| 2001 | 28.81% | 100.00% | 28.81% | 19.34% |
| 2000 | 35.77% | 100.00% | 35.77% | 22.81% |
| 1999 | 37.53% | 100.00% | 37.53% | 24.22% |
| 1998 | 25.55% | 100.00% | 25.55% | 16.39% |
| 1997 | 36.74% | 100.00% | 36.74% | 23.57% |
| 1996 | 36.19% | 100.00% | 36.19% | 23.65% |
| 1995 | 35.04% | 100.00% | 35.04% | 22.84% |
| 1994 | 32.73% | 100.00% | 32.73% | 21.65% |
| 1993 | 32.12% | 100.00% | 29.18% | 22.00% |
| 1992 | 22.30% | 100.00% | 22.30% | 18.29% |