Bank of America Gross Profit Margin (Quarterly)
Bank of America Gross Profit Margin (Quarterly) Chart
Bank of America Historical Gross Profit Margin (Quarterly) Data
|Data for this Date Range|
There is no data for the selected date range.
An error occurred. Please try again by refreshing your browser or contact us with details of your problem.
About Gross Profit Margin
A gross profit margin is the difference between sales and the cost of goods sold divided by revenue. This represents the percentage of each dollar of a company's revenue available after accounting for cost of goods sold.
If a company produces phones and earns $32 million in sales but pays $24 million for the items sold, then the company's gross profit margin would be ($32M - $24M) / $32M = 25 percent.
Cutting costs result in higher gross profit margins. If a company sells phones for 500 dollars and the cost of the producing the phone is $250, the current gross profit margin is 50 percent ((500-250)/500). If the company is able to reduce production costs from $250 to $200, the gross profit margin is 60 percent ((500-200)/500).
Note : Profit margins are very dependent on sector. Companies that sell bland potato chips may not have very high margins, but will sell a sizable quantity of potato chips. A company that sells consulting services will likely have higher profit margins, but sell lower quantities.
BAC Gross Profit Margin (Quarterly) Excel Add-In Codes
- Metric Code: gross_profit_margin
- Latest data point: =YCP("BAC", "gross_profit_margin")
- Last 5 data points: =YCS("BAC", "gross_profit_margin", -4)
To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.
Access our powerful Excel Add-in with a YCharts Professional Membership. Learn More.
SA Breaking News 05/04 02:49 ET
Business Wire 05/03 12:00 ET
Business Wire 05/03 09:00 ET
Financial Times 05/01 12:17 ET
Yahoo 05/01 00:17 ET
Yahoo 04/30 20:36 ET
Yahoo 04/30 09:31 ET
Yahoo 04/30 09:15 ET