Filing Flows › Bank of America (BAC) › Q4 2025
Bank of America (BAC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Bank of America (BAC) reported revenue of $28.4B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 44.3%, net earnings $7.6B (27.0% of revenue).
Bank of America, Q4 2025: revenue $28.4B (-3% year over year), operating margin 44.3%, net earnings $7.6B, operating cash flow −$22.9B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.4B | -2% | -3% |
| Operating profit | $12.6B | +35% | +13% |
| Net earnings | $7.6B | -8% | +18% |
| Operating cash flow | −$22.9B | -149% | — |
What changed
Revenue was $28.4B in Q4 2025, down 3% year over year and down 2% from the previous quarter.
Operating profit was $12.6B, a 44.3% margin (up 6.5 points year over year). Total costs fell 13% while revenue fell 3%. The fastest-growing cost line was Sales & marketing (+10%). Net earnings were $7.6B, up 18% year over year. The effective tax rate was 39.1%.
Operating cash flow was −$22.9B. Non-cash charges added back $0.59B of depreciation and amortization and $1.0B of share-based compensation. Working capital and other items used $32.2B.
Questions
What was Bank of America's revenue in the fourth quarter 2025?
Bank of America (BAC) reported revenue of $28.4B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before.
Was Bank of America profitable in the fourth quarter 2025?
Operating profit was $12.6B (44.3% of revenue) and net earnings $7.6B.
Source: Bank of America 10-K on SEC EDGAR.