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Side-by-side financial comparison of Bank of America (BAC) and United Parcel Service (UPS). Click either name above to swap in a different company.
Bank of America is the larger business by last-quarter revenue ($31.2B vs $21.2B, roughly 1.5× United Parcel Service). Bank of America runs the higher net margin — 24.1% vs 4.1%, a 20.1% gap on every dollar of revenue. Over the past eight quarters, Bank of America's revenue compounded faster (11.3% CAGR vs -1.4%).
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998.
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses.
BAC vs UPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $31.2B | $21.2B |
| Net Profit | $7.5B | $864.0M |
| Gross Margin | — | — |
| Operating Margin | 39.9% | — |
| Net Margin | 24.1% | 4.1% |
| Revenue YoY | — | -1.6% |
| Net Profit YoY | — | -27.2% |
| EPS (diluted) | $0.96 | $1.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $21.2B | ||
| Q4 25 | $31.2B | $24.5B | ||
| Q3 25 | $28.1B | $21.4B | ||
| Q2 25 | $26.5B | $21.2B | ||
| Q1 25 | $27.4B | $21.5B | ||
| Q4 24 | — | $25.3B | ||
| Q3 24 | $25.3B | $22.2B | ||
| Q2 24 | $25.4B | $21.8B |
| Q1 26 | — | $864.0M | ||
| Q4 25 | $7.5B | $1.8B | ||
| Q3 25 | $8.5B | $1.3B | ||
| Q2 25 | $7.1B | $1.3B | ||
| Q1 25 | $7.4B | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $6.9B | $1.5B | ||
| Q2 24 | $6.9B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 10.5% | ||
| Q3 25 | 33.7% | 8.4% | ||
| Q2 25 | 29.1% | 8.6% | ||
| Q1 25 | 29.7% | 7.7% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 28.9% | 8.9% | ||
| Q2 24 | 29.8% | 8.9% |
| Q1 26 | — | 4.1% | ||
| Q4 25 | 24.1% | 7.3% | ||
| Q3 25 | 30.2% | 6.1% | ||
| Q2 25 | 26.9% | 6.0% | ||
| Q1 25 | 27.0% | 5.5% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | 27.2% | 6.9% | ||
| Q2 24 | 27.2% | 6.5% |
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.96 | $2.10 | ||
| Q3 25 | $1.06 | $1.55 | ||
| Q2 25 | $0.89 | $1.51 | ||
| Q1 25 | $0.90 | $1.40 | ||
| Q4 24 | — | $2.00 | ||
| Q3 24 | $0.81 | $1.80 | ||
| Q2 24 | $0.83 | $1.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | $317.8B | $23.7B |
| Stockholders' EquityBook value | $303.2B | — |
| Total Assets | $3411.7B | $71.8B |
| Debt / EquityLower = less leverage | 1.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8B | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.5B |
| Q1 26 | — | $23.7B | ||
| Q4 25 | $317.8B | $23.5B | ||
| Q3 25 | $311.5B | $23.9B | ||
| Q2 25 | $313.4B | $23.8B | ||
| Q1 25 | $304.1B | $19.5B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | $296.9B | $20.3B | ||
| Q2 24 | $290.5B | $20.2B |
| Q1 26 | — | — | ||
| Q4 25 | $303.2B | $16.2B | ||
| Q3 25 | $304.2B | $15.8B | ||
| Q2 25 | $299.6B | $15.8B | ||
| Q1 25 | $295.6B | $15.7B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | $296.5B | $16.9B | ||
| Q2 24 | $293.9B | $17.0B |
| Q1 26 | — | $71.8B | ||
| Q4 25 | $3411.7B | $73.1B | ||
| Q3 25 | $3403.7B | $71.4B | ||
| Q2 25 | $3441.1B | $70.9B | ||
| Q1 25 | $3349.4B | $68.5B | ||
| Q4 24 | — | $70.1B | ||
| Q3 24 | $3324.3B | $68.3B | ||
| Q2 24 | $3258.0B | $69.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 1.45× | ||
| Q3 25 | 1.02× | 1.51× | ||
| Q2 25 | 1.05× | 1.51× | ||
| Q1 25 | 1.03× | 1.25× | ||
| Q4 24 | — | 1.16× | ||
| Q3 24 | 1.00× | 1.21× | ||
| Q2 24 | 0.99× | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-22.9B | — |
| Free Cash FlowOCF − Capex | — | $1.3B |
| FCF MarginFCF / Revenue | — | 6.0% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | -3.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-22.9B | $3.3B | ||
| Q3 25 | $46.9B | $2.5B | ||
| Q2 25 | $-9.1B | $348.0M | ||
| Q1 25 | $-2.2B | $2.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $1.3B | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $-775.0M | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $655.0M | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | 6.0% | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 4.9% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | -3.05× | 1.84× | ||
| Q3 25 | 5.53× | 1.89× | ||
| Q2 25 | -1.28× | 0.27× | ||
| Q1 25 | -0.30× | 1.95× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 0.97× | ||
| Q2 24 | — | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAC
| Other | $7.0B | 22% |
| Global Wealth And Investment Management Segment | $6.6B | 21% |
| Global Banking Segment | $6.2B | 20% |
| Global Markets Segment | $5.3B | 17% |
| Investment And Brokerage Services Asset Management Fees | $4.2B | 13% |
| Investment Banking Income Underwriting Income | $752.0M | 2% |
| Investment Banking Income Financial Advisory Services | $590.0M | 2% |
| Investment Banking Income Syndication Fees | $324.0M | 1% |
| Corporate Securities Trading Loansand Other | $184.0M | 1% |
| Mortgage Trading Loans Mortgage Backed Securities And Asset Backed Securities | $31.0M | 0% |
| Equity Securities | $12.0M | 0% |
| Accrued Expensesand Other Liabilities | $11.0M | 0% |
UPS
| U.S. Domestic Package | $14.1B | 67% |
| International Package | $4.5B | 21% |
| Supply Chain Solutions | $2.5B | 12% |
