Net margin
27.0% Fiscal year 2025
Rank 78 of 100: higher than 78% of 237 peers (All). strong.
Rank 59 of 100: higher than 59% of 33 peers (Sector). medium.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
About the company
Bank of America is a major US bank. It serves private customers with accounts, cards and loans, provides financing to businesses and offers wealth management through Merrill. It also does investment banking and securities trading. Its headquarters are in Charlotte, North Carolina. As of Oct 13, 2026
Fact sheet (from the annual report) National commercial banks · Charlotte, USA
Bank of America is organized as a bank holding company and financial holding company and is headquartered in Charlotte, North Carolina. Its customers include individuals, small and mid-sized businesses, institutional investors, large corporations and government bodies. It offers banking, investing, asset management and risk management products. Its segments are called Global Banking, Global Markets, Consumer Banking and Global Wealth & Investment Management. The group operates through subsidiaries in the United States and in international markets. The holding company is supervised by the Federal Reserve.
Automatically summarized from SEC annual report (10-K, filed Feb 25, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Price performance at a glance
Last 30 trading days
- Today −0.1%
- 7 days +0.3%
- 30 days −10.9%
- 1 year −3.9%
Day range (last trading day)
−0.1%Price at 6% of the range+1.9%
52-week range
−8.7%Price at 23% of the range+29.1%
- Distance from the all-time high
- −22.6%
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: greenDebt: yellow
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginBank of America · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 25, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 4 without data
2 of 4 criteria met
Growth
Revenue and earnings per share
6 of 7 criteria met
Dividend
Level, consistency, coverage · 2 without data
5 of 5 criteria met
Financial strength
Piotroski, debt, liquidity · 3 without data
2 of 3 criteria met
Quality 2 of 4 met · 4 without data
- no data: Gross margin above 40% not stated in the SEC filings
- no data: Operating margin above 15% not stated in the SEC filings
- met: Net margin above 10% 27.0%
- not met: Return on equity above 15% 10.1%
- no data: Free cash flow margin above 10% not stated in the SEC filings
- met: Profit in each of the last 5 fiscal years 5 of 5
- no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
- not met: Equity ratio above 30% 8.9%
Return on equity
10.1% Fiscal year 2025
Rank 32 of 100: higher than 32% of 218 peers (All). weak.
Rank 30 of 100: higher than 30% of 32 peers (Sector). weak.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
Return on assets
0.9% Fiscal year 2025 (total assets at year end)
Rank 20 of 100: higher than 20% of 238 peers (All). weak.
Rank 17 of 100: higher than 17% of 33 peers (Sector). weak.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
Equity ratio
8.9% Fiscal year 2025
Rank 12 of 100: higher than 12% of 239 peers (All). weak.
Rank 23 of 100: higher than 23% of 33 peers (Sector). weak.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
Growth 6 of 7 met
- met: Over 3 years, revenue grew by more than 5% per year +6.0%
- met: Over 5 years, revenue grew by more than 5% per year +5.7%
- not met: Over 10 years, revenue grew by more than 5% per year +3.2%
- met: Over 3 years, EPS grew by more than 5% per year +6.1%
- met: Over 5 years, EPS grew by more than 5% per year +15.3%
- met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
- met: Revenue rose in the last fiscal year +11.0%
Revenue growth 3 years
+6.0% per year
Rank 40 of 100: higher than 40% of 230 peers (All). medium.
Rank 20 of 100: higher than 20% of 32 peers (Sector). weak.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+5.7% per year
Rank 22 of 100: higher than 22% of 217 peers (All). weak.
Rank 16 of 100: higher than 16% of 29 peers (Sector). weak.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+3.2% per year
Rank 26 of 100: higher than 26% of 157 peers (All). weak.
Rank 15 of 100: higher than 15% of 23 peers (Sector). weak.
Median Financials: +7.2%
Average growth per year over 10 fiscal years.
EPS growth 3 years
+6.1% per year
Rank 34 of 100: higher than 34% of 157 peers (All). medium.
Rank 15 of 100: higher than 15% of 24 peers (Sector). weak.
Median Financials: +17.6%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+15.3% per year
Rank 55 of 100: higher than 55% of 146 peers (All). medium.
Rank 54 of 100: higher than 54% of 25 peers (Sector). medium.
Median Financials: +14.8%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+11.3% per year
Rank 55 of 100: higher than 55% of 140 peers (All). medium.
Rank 44 of 100: higher than 44% of 24 peers (Sector). medium.
Median Financials: +11.5%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 5 of 5 met · 2 without data
- met: Pays a dividend 1.08 USD
- met: Payout ratio at most 60% of earnings 28%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +8.4%
- no data: Free cash flow per share covers the dividend not meaningful for banks and insurers
- no data: Dividends paid over the last 5 years covered by free cash flow not meaningful for banks and insurers
Payout ratio
28% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+8.4% per year
Rank 48 of 100: higher than 48% of 118 peers (All). medium.
Rank 35 of 100: higher than 35% of 20 peers (Sector). medium.
Median Financials: +10.0%
Growth of the dividend per share per year.
Financial strength 2 of 3 met · 3 without data
- no data: Piotroski F-Score at least 7 of 9 not meaningful for banks and insurers
- not met: Long-term debt no higher than equity 1.05
- no data: Current assets cover current liabilities not reported (usual for banks and insurers)
- met: Positive equity 303.2B USD
- met: In 5 years, share count up by at most 5% −12.7%
- no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Debt / equity
1.05 at fiscal year end
Rank 30 of 100: lower than 30% of 199 peers (All). weak.
Rank 37 of 100: lower than 37% of 26 peers (Sector). medium.
Median Financials: 0.83
Long-term financial debt divided by equity.
Change in share count
−12.7% in 5 years
Rank 88 of 100: lower than 88% of 199 peers (All). strong.
Rank 81 of 100: lower than 81% of 24 peers (Sector). strong.
Median Financials: −6.1%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light yellow: Revenue grew over 5 years (+5.7% per year), more slowly than the sector median.
- Light yellow: Net income (total) grew over 5 years (+11.3% per year), more slowly than the sector median; per share +15.3% per year.
- Light green: Net margin 27.0%, above the sector median (19.4%).
- Light yellow: Debt higher than usual in the sector.
- Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 83.7B USD · Net income 17.9B USD · Net margin 21.4%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 87.4B USD · Net income 18.2B USD · Net margin 20.9%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 91.2B USD · Net income 28.1B USD · Net margin 30.8%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 91.2B USD · Net income 27.4B USD · Net margin 30.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 85.5B USD · Net income 17.9B USD · Net margin 20.9%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 89.1B USD · Net income 32.0B USD · Net margin 35.9%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 95.0B USD · Net income 27.5B USD · Net margin 29.0%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 98.6B USD · Net income 26.5B USD · Net margin 26.9%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 101.9B USD · Net income 27.1B USD · Net margin 26.6%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 113.1B USD · Net income 30.5B USD · Net margin 27.0%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 25.2B USD · Net income 7.8B USD · Net margin 31.0%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 22.0B USD · Net income 3.1B USD · Net margin 14.3% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 25.8B USD · Net income 6.7B USD · Net margin 25.9%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 25.4B USD · Net income 6.9B USD · Net margin 27.2%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 25.3B USD · Net income 6.9B USD · Net margin 27.2%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 25.3B USD · Net income 6.7B USD · Net margin 26.3% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 27.4B USD · Net income 7.4B USD · Net margin 27.0%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 26.5B USD · Net income 7.1B USD · Net margin 26.9%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 28.1B USD · Net income 8.5B USD · Net margin 30.2%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 31.2B USD · Net income 7.5B USD · Net margin 24.1% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 30.3B USD · Net income 8.6B USD · Net margin 28.4%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 31.6B USD · Net income 9.1B USD · Net margin 28.8%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 1.50 USD
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 1.56 USD
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 2.61 USD
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 2.75 USD
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 1.87 USD
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 3.57 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 3.19 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 3.08 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 3.21 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 3.81 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 0.90 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.76 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.83 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 0.81 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 0.90 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 0.89 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 1.06 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.11 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 1.21 USD
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 0.25 USD · Payout ratio 16.7%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 0.39 USD · Payout ratio 25.0%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.54 USD · Payout ratio 20.7%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.66 USD · Payout ratio 24.0%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 0.72 USD · Payout ratio 38.5%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 0.78 USD · Payout ratio 21.8%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 0.86 USD · Payout ratio 27.0%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 0.92 USD · Payout ratio 29.9%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 1.00 USD · Payout ratio 31.2%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 1.08 USD · Payout ratio 28.3%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share not available · Payout ratio not available
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.24 USD · Payout ratio 31.6%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.24 USD · Payout ratio 28.9%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.26 USD · Payout ratio 32.1%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.26 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.26 USD · Payout ratio 28.9%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.26 USD · Payout ratio 29.2%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.28 USD · Payout ratio 26.4%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 0.28 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.28 USD · Payout ratio 25.2%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.28 USD · Payout ratio 23.1%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 113.1B USD · Net income 30.5B USD · Net margin 27.0%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 27.0 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 113.1B USD | 100.0% |
| Net income | 30.5B USD | 27.0% |
| Taxes | 7.2B USD | 6.4% |
| Remaining costs & other | 75.4B USD | 66.7% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The net margin rose in 5 years from 20.9% to 27.0%.
Net margin- Fiscal year 2016: Net margin 21.4%
- Fiscal year 2017: Net margin 20.9%
- Fiscal year 2018: Net margin 30.8%
- Fiscal year 2019: Net margin 30.1%
- Fiscal year 2020: Net margin 20.9%
- Fiscal year 2021: Net margin 35.9%
- Fiscal year 2022: Net margin 29.0%
- Fiscal year 2023: Net margin 26.9%
- Fiscal year 2024: Net margin 26.6%
- Fiscal year 2025: Net margin 27.0%
Returns
Return on equity rose in 5 years from 6.6% to 10.1%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 6.7% · Return on assets 0.8%
- Fiscal year 2017: Return on equity 6.8% · Return on assets 0.8%
- Fiscal year 2018: Return on equity 10.6% · Return on assets 1.2%
- Fiscal year 2019: Return on equity 10.4% · Return on assets 1.1%
- Fiscal year 2020: Return on equity 6.6% · Return on assets 0.6%
- Fiscal year 2021: Return on equity 11.8% · Return on assets 1.0%
- Fiscal year 2022: Return on equity 10.1% · Return on assets 0.9%
- Fiscal year 2023: Return on equity 9.1% · Return on assets 0.8%
- Fiscal year 2024: Return on equity 9.2% · Return on assets 0.8%
- Fiscal year 2025: Return on equity 10.1% · Return on assets 0.9%
Equity and long-term debt
The equity ratio stayed roughly the same in 5 years (8.9%).
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 266.8B USD · Long-term debt 216.8B USD
- Fiscal year 2017: Equity 267.1B USD · Long-term debt 227.4B USD
- Fiscal year 2018: Equity 265.3B USD · Long-term debt 229.3B USD
- Fiscal year 2019: Equity 264.8B USD · Long-term debt 240.9B USD
- Fiscal year 2020: Equity 272.9B USD · Long-term debt 262.9B USD
- Fiscal year 2021: Equity 270.1B USD · Long-term debt 280.1B USD
- Fiscal year 2022: Equity 273.2B USD · Long-term debt 276.0B USD
- Fiscal year 2023: Equity 291.6B USD · Long-term debt 302.2B USD
- Fiscal year 2024: Equity 295.6B USD · Long-term debt 283.3B USD
- Fiscal year 2025: Equity 303.2B USD · Long-term debt 317.8B USD
Share count
The share count fell in 5 years by 12.7% (mostly through share repurchases).
Diluted share count- Fiscal year 2016: Diluted share count 11.0B
- Fiscal year 2017: Diluted share count 10.8B
- Fiscal year 2018: Diluted share count 10.2B
- Fiscal year 2019: Diluted share count 9.4B
- Fiscal year 2020: Diluted share count 8.8B
- Fiscal year 2021: Diluted share count 8.6B
- Fiscal year 2022: Diluted share count 8.2B
- Fiscal year 2023: Diluted share count 8.1B
- Fiscal year 2024: Diluted share count 7.9B
- Fiscal year 2025: Diluted share count 7.7B
Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 1.08 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +7.9%5 y +8.4%10 y –
- Years without a cut
- at least 10 as far as the data goes
- Payout ratio
- of earnings 28% of free cash flow –
- To shareholders (5 years)
- 106.1B USD 65% through repurchases
- Share count over 5 years
- −12.7% fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 0.72 USD to 1.08 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 0.25 USD
- Fiscal year 2017: Dividend per share 0.39 USD
- Fiscal year 2018: Dividend per share 0.54 USD
- Fiscal year 2019: Dividend per share 0.66 USD
- Fiscal year 2020: Dividend per share 0.72 USD
- Fiscal year 2021: Dividend per share 0.78 USD
- Fiscal year 2022: Dividend per share 0.86 USD
- Fiscal year 2023: Dividend per share 0.92 USD
- Fiscal year 2024: Dividend per share 1.00 USD
- Fiscal year 2025: Dividend per share 1.08 USD
Payout ratios
The payout ratio fell in 5 years from 38.5% to 28.3%.
Payout ratio (earnings)- Fiscal year 2016: Payout ratio (earnings) 16.7%
- Fiscal year 2017: Payout ratio (earnings) 25.0%
- Fiscal year 2018: Payout ratio (earnings) 20.7%
- Fiscal year 2019: Payout ratio (earnings) 24.0%
- Fiscal year 2020: Payout ratio (earnings) 38.5%
- Fiscal year 2021: Payout ratio (earnings) 21.8%
- Fiscal year 2022: Payout ratio (earnings) 27.0%
- Fiscal year 2023: Payout ratio (earnings) 29.9%
- Fiscal year 2024: Payout ratio (earnings) 31.2%
- Fiscal year 2025: Payout ratio (earnings) 28.3%
What goes back to shareholders
Over 5 years, 106.1B USD went back to shareholders, 65% of it through share repurchases.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD Dividends partly reported as declared rather than paid.- Fiscal year 2016: Dividends paid 2.6B USD · Share repurchases 5.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2017: Dividends paid 4.0B USD · Share repurchases 12.8B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2018: Dividends paid 5.4B USD · Share repurchases 20.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2019: Dividends paid 6.1B USD · Share repurchases 28.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2020: Dividends paid 6.3B USD · Share repurchases 7.0B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2021: Dividends paid 6.6B USD · Share repurchases 25.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2022: Dividends paid 7.0B USD · Share repurchases 5.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2023: Dividends paid 7.4B USD · Share repurchases 4.6B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2024: Dividends paid 7.8B USD · Share repurchases 13.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2025: Dividends paid 8.1B USD · Share repurchases 21.4B USD · New shares issued (including employee plans) not available · Free cash flow not available
For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
Bank of America next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| JPM JPMorgan Chase | 182.4B USD | +8.8% | – | – | 31.3% | 15.7% | 8.2% | – | – |
| BAC Bank of America this stock | 113.1B USD | +5.7% | – | – | 27.0% | 10.1% | 8.9% | – | – |
| PGR Progressive Corporation | 87.7B USD | +15.5% | – | – | 12.9% | 37.3% | 24.6% | – | – |
| C Citigroup | 85.2B USD | +2.8% | – | – | 16.8% | 6.7% | 8.0% | – | – |
| WFC Wells Fargo | 83.7B USD | +3.0% | – | – | 25.5% | 11.8% | 8.4% | – | – |
| MS Morgan Stanley | 70.6B USD | +7.9% | – | – | 23.9% | 15.1% | 7.9% | – | – |
| CB Chubb Limited | 59.4B USD | +10.5% | – | – | 17.4% | 14.0% | 27.1% | – | – |
| GS Goldman Sachs | 58.3B USD | +5.5% | – | – | 29.5% | 13.7% | 6.9% | – | – |
| COF Capital One | 53.4B USD | +13.4% | – | – | 4.6% | 2.2% | 17.0% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+5.7% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 5.7% per year on average, but more slowly than the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+11.3% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +15.3% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 11.3% per year on average, but more slowly than the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin27.0% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 26.98 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 20.9%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth1.13 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 1.13 USD of financial debt – more than the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth28% Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.28 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 113.1B | 30.5B | 27.0% | 3.81 | 1.08 | 28% |
| 2024 | Dec 31, 2024 | 101.9B | 27.1B | 26.6% | 3.21 | 1.00 | 31% |
| 2023 | Dec 31, 2023 | 98.6B | 26.5B | 26.9% | 3.08 | 0.92 | 30% |
| 2022 | Dec 31, 2022 | 95.0B | 27.5B | 29.0% | 3.19 | 0.86 | 27% |
| 2021 | Dec 31, 2021 | 89.1B | 32.0B | 35.9% | 3.57 | 0.78 | 22% |
| 2020 | Dec 31, 2020 | 85.5B | 17.9B | 20.9% | 1.87 | 0.72 | 39% |
| 2019 | Dec 31, 2019 | 91.2B | 27.4B | 30.1% | 2.75 | 0.66 | 24% |
| 2018 | Dec 31, 2018 | 91.2B | 28.1B | 30.8% | 2.61 | 0.54 | 21% |
| 2017 | Dec 31, 2017 | 87.4B | 18.2B | 20.9% | 1.56 | 0.39 | 25% |
| 2016 | Dec 31, 2016 | 83.7B | 17.9B | 21.4% | 1.50 | 0.25 | 17% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 31.6B | 9.1B | 28.8% | 1.21 | 0.28 | 23% |
| Q1/26 | Mar 31, 2026 | 30.3B | 8.6B | 28.4% | 1.11 | 0.28 | 25% |
| Q4/25* | Dec 31, 2025 | 31.2B | 7.5B | 24.1% | – | 0.28 | – |
| Q3/25 | Sep 30, 2025 | 28.1B | 8.5B | 30.2% | 1.06 | 0.28 | 26% |
| Q2/25 | Jun 30, 2025 | 26.5B | 7.1B | 26.9% | 0.89 | 0.26 | 29% |
| Q1/25 | Mar 31, 2025 | 27.4B | 7.4B | 27.0% | 0.90 | 0.26 | 29% |
| Q4/24* | Dec 31, 2024 | 25.3B | 6.7B | 26.3% | – | 0.26 | – |
| Q3/24 | Sep 30, 2024 | 25.3B | 6.9B | 27.2% | 0.81 | 0.26 | 32% |
| Q2/24 | Jun 30, 2024 | 25.4B | 6.9B | 27.2% | 0.83 | 0.24 | 29% |
| Q1/24 | Mar 31, 2024 | 25.8B | 6.7B | 25.9% | 0.76 | 0.24 | 32% |
| Q4/23* | Dec 31, 2023 | 22.0B | 3.1B | 14.3% | – | – | – |
| Q3/23 | Sep 30, 2023 | 25.2B | 7.8B | 31.0% | 0.90 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $00 people | $0 |
| 6 months | $00 people | $6.7M1 person | −$6.7M |
| 12 months | $00 people | $31.1M7 people | −$31.1M |
Latest transactions
- May 5, 2026 Greener Geoffrey S Officer Open-market sale 126,756 shares · $6.7M · SEC
- Mar 12, 2026 Mensah Bernard A Officer Open-market sale 94,000 shares · $4.4M · SEC
- Mar 5, 2026 Scrivener Thomas M Officer Open-market sale 50,000 shares · $2.5M · SEC
- Mar 5, 2026 Bronstein Sheri B. Officer Open-market sale 60,000 shares · $3.0M · SEC
- Mar 4, 2026 DeMare James P Officer Open-market sale 83,832 shares · $4.2M · SEC
- Mar 3, 2026 Athanasia Dean C Officer Open-market sale 136,558 shares · $6.9M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -40
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)-15
Highs and lows+0
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)50.0
Rel. strength 60 d−20.4%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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News
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