Revenue Growth Momentum
Total revenue increased 7.2% year-over-year from $28.2B to $30.3B in Q1 FY2026, reflecting broad-based business strength across the bank's diversified operations.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Bank of America delivered strong Q1 FY2026 results with revenue rising 7.2% YoY to $30.3B and net income surging 16.6% to $8.6B, driven by robust earnings growth and a dramatic swing to positive operating cash flow of $41.8B.
Revenue
$30.27B
+7.17% YoY
EPS (Diluted)
$1.11
+24.72% YoY
Source: SEC XBRL
Bank of America (BAC) reported Q1 FY2026 revenue of $30.27B, up 7.2% year over year. Operating cash flow was $41.77B. BAC's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.21 | 1.14 | Beat +5.9% |
| Mar 2026This filing | 1.11 | 1.02 | Beat +8.6% |
| Dec 2025 | 0.98 | 0.97 | Beat +1.3% |
| Sep 2025 | 1.06 | 0.96 | Beat +10.3% |
Reported EPS of $1.11 versus the $1.02 analyst consensus — a +8.6% beat for Mar 2026.
Compiled by AI from this SEC filing
Total revenue increased 7.2% year-over-year from $28.2B to $30.3B in Q1 FY2026, reflecting broad-based business strength across the bank's diversified operations.
Source: 10-Q Income Statement
Net income grew 16.6% YoY to $8.6B, outpacing revenue growth and indicating meaningful operating leverage, with net margin expanding to approximately 28.4%.
Source: 10-Q Income Statement
Basic EPS jumped 23.1% YoY to $1.12 and diluted EPS rose 24.7% to $1.11, with the per-share growth rate exceeding net income growth, suggesting share count reduction from $7.2B in buybacks.
Source: 10-Q Income Statement & Cash Flow Statement
Operating cash flow swung dramatically from -$2.2B in the prior-year period to +$41.8B in Q1 FY2026, a 2,012.5% improvement, signaling a significant positive shift in working capital and cash generation dynamics.
Source: 10-Q Cash Flow Statement
Total assets grew 4.4% YoY to $3.50T, supported by a 2.3% increase in stockholders' equity to $300.7B, while long-term debt rose 7.2% to $326.0B, reflecting continued balance sheet deployment.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Bank of America carries a debt-to-equity ratio of approximately 10.6x, which is characteristic of large banks but amplifies sensitivity to credit losses, rising interest rates, or liquidity stress. A deterioration in asset quality across its $3.50T balance sheet could disproportionately impact equity holders.
Source: 10-Q Balance Sheet
As a large commercial bank, BAC's net interest income is highly sensitive to changes in the interest rate environment. Shifts in Federal Reserve policy or a flattening yield curve could compress net interest margins and weigh on revenue growth.
Source: 10-Q Income Statement
Long-term debt rose 7.2% YoY to $326.0B, increasing the bank's funding costs and refinancing risk in a potentially volatile rate environment. Elevated debt levels could constrain financial flexibility if credit markets tighten.
Source: 10-Q Balance Sheet
The dramatic swing in operating cash flow from -$2.2B to +$41.8B YoY highlights significant quarter-to-quarter variability in cash generation, which may reflect large movements in trading assets, loans, or deposits that are difficult to predict.
Source: 10-Q Cash Flow Statement
Share buybacks increased 60.1% YoY to $7.2B, a significant capital outflow. If earnings growth moderates or regulatory capital requirements tighten, the current pace of buybacks may not be sustainable, potentially disappointing investors relying on per-share growth.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 30.27 $B | 28.25 $B | +7.17% |
Net Income $B | 8.58 $B | 7.36 $B | +16.63% |
EPS (Basic) $ | 1.12 $ | 0.91 $ | +23.08% |
EPS (Diluted) $ | 1.11 $ | 0.89 $ | +24.72% |
Answers draw on this SEC filing and the data on this page
Bank of America Corporation delivered strong financial performance in Q2 FY2026, with net income surging 26.6% year-over-year to $9.07B ($1.21 diluted EPS) on total net revenue of $31.56B, propelled by robust growth in both net interest income and noninterest revenue.
Bank of America delivered strong FY2025 results with revenue rising 6.8% to $113.1B and net income surging 13.1% to $30.5B, driven by improved profitability and a dramatic swing to positive operating cash flow of $12.6B.
Other companies in Diversified Banks