Bank of America (BAC) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the current quarter compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the current quarter compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$26.3B
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$98B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $22.7B | +5.7% |
| Sep 30, 2022 | $24.5B | +7.6% |
| Dec 31, 2022 | $24.5B | +11.2% |
| Mar 31, 2023 | $26.3B | +13.0% |
Revenue performance
The quarter’s revenue reflected growth relative to both the immediately preceding quarter and the year-ago period.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter last year, revenue was also higher.
What to watch
Revenue has increased in each of the last four quarters, with the current quarter reaching the highest level.