Bank of America (BAC) Q2 FY26 earnings
Revenue $31.6B, up 15% from a year ago. Net income $9.1B.
Bank of America's quarter had $31.6B of revenue, up 15% from a year ago, with net interest income at 51% of it. Net income of $9.1B was 29% of revenue, up 27%.
Bank of America customers put $594.6B on debit cards in 2025 and $377.8B on credit cards.
Both rows are the filer's own Consumer Banking key statistics, drawn as filed. Debit has led credit in every drawn year, and the gap has widened in all but one.
Bank of America paid $34.5B of interest on deposits in 2025; in 2019, $7.2B.
The filer's own Deposits row inside the interest-expense note. The 2024 peak and the near-zero 2021 both sit in plain view on the register.
Gross interchange and merchant income was $13.8B in 2025, and $9.9B of it went back out.
The gross figure and the outbound side both come from the filer's note; netted, they make its Interchange fees row. The filer's own phrase for what goes back out includes rewards, partner payments and certain other card costs.
Where the revenue came from
| Segment | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Net interest income | $16.0B | 50.7% | — |
| Noninterest income | $15.6B | 49.3% | — |
Income statement, line by line
| Line | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Revenue | $31.6B | +15% | |
| Pretax income | $11.6B | 36.6% | — |
| Income tax | $2.5B | 7.9% | +66% |
| Net income | $9.1B | 28.8% | +27% |
— means the filing states no comparable prior-year figure for that line, so we do not compute one.
Effective tax rate: 21.5%. That is tax as a share of pretax income. The 7.9% in the column above is tax as a share of revenue, which is not a tax rate.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jun 30, 2026 | $31.6B | $9.1B | 28.8% |
| Mar 31, 2026 | $30.3B | $8.6B | 28.4% |
| Dec 31, 2025 | $29.3B | $7.5B | 25.6% |
| Sep 30, 2025 | $28.1B | $8.5B | 30.2% |
| Jun 30, 2025 | $27.4B | $7.2B | 26.1% |
| Mar 31, 2025 | $28.2B | $7.4B | 26.1% |
| Dec 31, 2024 | $29.3B | $6.5B | 22.2% |
| Sep 30, 2024 | $25.3B | $6.9B | 27.2% |
Held by tracked 13F managers
BANK OF AMER CORP (COM): 17 of 69 tracked managers reported holding it — $33,214M across tracked reports, as filed.
13F reports arrive up to 45 days after quarter end and may be amended; totals sum across tracked reports, not unique economic ownership.
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