Fifth Third Bancorp
FITBFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
13,049
Cost of Revenue
5,326
Gross Profit
7,723
Gross Margin
59.2%
Operating Income
2,916
Operating Margin
22.3%
Net Income
2,314
Net Margin
17.7%
EPS (Basic)
$3.16
EPS (Diluted)
$3.14
EBITDA
3,411
EBITDA Margin
26.1%
2023
12/31/2023
Revenue
12,355
Cost of Revenue
4,448
Gross Profit
7,907
Gross Margin
64.0%
Operating Income
2,988
Operating Margin
24.2%
Net Income
2,349
Net Margin
19.0%
EPS (Basic)
$3.23
EPS (Diluted)
$3.22
EBITDA
3,450
EBITDA Margin
27.9%
2022
12/31/2022
Revenue
9,080
Cost of Revenue
1,541
Gross Profit
7,539
Gross Margin
83.0%
Operating Income
3,093
Operating Margin
34.1%
Net Income
2,446
Net Margin
26.9%
EPS (Basic)
$3.38
EPS (Diluted)
$3.35
EBITDA
3,529
EBITDA Margin
38.9%
2021
12/31/2021
Revenue
7,947
Cost of Revenue
64
Gross Profit
7,883
Gross Margin
99.2%
Operating Income
3,517
Operating Margin
44.3%
Net Income
2,770
Net Margin
34.9%
EPS (Basic)
$3.78
EPS (Diluted)
$3.73
EBITDA
3,866
EBITDA Margin
48.6%
2020
12/31/2020
Revenue
8,033
Cost of Revenue
1,887
Gross Profit
6,146
Gross Margin
76.5%
Operating Income
1,797
Operating Margin
22.4%
Net Income
1,427
Net Margin
17.8%
EPS (Basic)
$1.84
EPS (Diluted)
$1.83
EBITDA
2,289
EBITDA Margin
28.5%