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Bank of America (BAC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Bank of America (BAC) Q3 2026 earnings results →
Q3 2026 Revenue up 3% year over year to $30.0B · 23¢ of every $1 of revenue kept as net profit · operating margin 29.9%
Bank of America made $30.0B in Q3 2026 (+3% Y/Y). Operating margin 29.9%, net earnings $6.9B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $30.0B in Q3 2026, up 3% year over year and down 5% from the previous quarter.
Operating profit was $9.0B, a 29.9% margin (down 5.9 points year over year). Operating profit fell $1.4B even though revenue rose $0.92B versus Q3 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 3%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $6.9B, down 17% year over year. The effective tax rate was 22.7%.
Operating cash flow was −$6.5B. Non-cash charges added back $0.63B of depreciation and amortization and $1.0B of share-based compensation. Working capital and other items used $15.1B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $30.0B | +3% | 29.9% | $6.9B | −$6.5B |
| Q2 2026 | 10-Q | Jul 31, 2026 | $31.6B | +15% | 36.6% | $9.1B | $29.0B |
| Q1 2026 | 10-Q | May 1, 2026 | $30.3B | +7% | 34.4% | $8.6B | $41.8B |
| Q4 2025 | 10-K | Feb 25, 2026 | $28.4B | -3% | 44.3% | $7.6B | −$22.9B |
| Q3 2025 | 10-Q | Oct 31, 2025 | $29.0B | +15% | 32.1% | $8.3B | $46.9B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- BKKT — 16% of the supplier’s revenue · Stated in 10-K (sentence) · source
- Highwoods Realty Ltd Partnership — 4% of the supplier’s revenue · Stated in 10-K (customer table) · source
About Bank of America
Bank of America Corporation is a Delaware corporation, a bank holding company (BHC) and a financial holding company. When used in this report, “Bank of America,” “the Corporation,” “we,” “us” and “our” may refer to Bank of America Corporation individually, Bank of America Corporation and its subsidiaries, or certain of Bank of America Corporation’s subsidiaries or affiliates. As part of our efforts to streamline the Corporation’s organizational structure and reduce complexity and costs, the Corporation has reduced and intends to continue to reduce the number of its corporate subsidiaries, including through intercompany mergers.
In its own words, from its 10-K, filed Feb 25, 2026.
Bank of America against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +8%. Operating margin: 29.9% against the peers' median 32.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
| HBAN Huntington Bancshares | Q3 2026 | $2.8B | +31% | 32.1% |
Source: Bank of America 10-Q on SEC EDGAR · CIK 70858 · National Commercial Banks
Guidance and outlook
13F: who owns BAC and who is buying
More on BAC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results