JPMorgan Chase & Co. is a leading global financial services firm and the largest bank in the United States by total assets. Headquartered in New York City, the company operates through four main segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. It provides a comprehensive suite of services ranging from retail banking and credit cards under the Chase brand to investment banking and wealth management globally.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Interest Income | 95,443,000 | 92,583,000 | 89,267,000 | 66,710,000 |
| Non-Interest Income | 87,004,000 | 84,973,000 | 68,837,000 | 61,985,000 |
| Total Revenues Before Provision for Credit Losses | 182,447,000 | 177,556,000 | 158,104,000 | 128,695,000 |
| Provision for Credit Losses | 14,212,000 | 10,678,000 | 9,320,000 | 6,389,000 |
| Total Revenues After Provision for Credit Losses | 168,235,000 | 166,878,000 | 148,784,000 | 122,306,000 |
| Compensation Expenses | 54,487,000 | 51,357,000 | 46,465,000 | 41,636,000 |
| Selling, General & Administrative Expenses | 34,377,000 | 30,888,000 | 28,662,000 | 28,139,000 |
| Other Non-Interest Expenses | 6,776,000 | 9,552,000 | 12,045,000 | 6,365,000 |
| Total Non-Interest Expense | 95,640,000 | 91,797,000 | 87,172,000 | 76,140,000 |
| Income Before Provision for Income Taxes | 72,595,000 | 75,081,000 | 61,612,000 | 46,166,000 |
| Provision for Income Taxes | 15,547,000 | 16,610,000 | 12,060,000 | 8,490,000 |
| Consolidated Net Income | 57,048,000 | 58,471,000 | 49,552,000 | 37,676,000 |
| Net Income Attributable to Common Shareholders | 55,681,000 | 56,868,000 | 47,760,000 | 35,892,000 |
| Basic EPS | 20.05 | 19.79 | 16.25 | 12.10 |
| Diluted EPS | 20.02 | 19.75 | 16.23 | 12.09 |
| Basic Weighted Average Shares Outstanding | 2,776,500 | 2,873,900 | 2,938,600 | 2,965,800 |
| Diluted Weighted Average Shares Outstanding | 2,781,500 | 2,879,000 | 2,943,100 | 2,970,000 |
| Shares Outstanding | 2,696,270 | 2,797,620 | 2,876,660 | 2,934,260 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Cash and Cash Equivalents | 343,338,000 | 469,317,000 | 624,151,000 | 567,234,000 |
| Securities and Investments | 777,332,000 | 681,320,000 | 571,552,000 | 631,162,000 |
| Short-Term Interbank Lending and Reverse Repurchase Agreements | 622,617,000 | 514,547,000 | 476,588,000 | 500,961,000 |
| Trading Assets | 802,873,000 | 637,784,000 | 540,607,000 | 453,799,000 |
| Gross Loans | 1,493,430,000 | 1,347,990,000 | 1,323,710,000 | 1,135,650,000 |
| Allowance for Loan Losses | (25,765,000) | (24,345,000) | (22,420,000) | (19,726,000) |
| Net Loans | 1,467,660,000 | 1,323,640,000 | 1,301,290,000 | 1,115,920,000 |
| Net Property, Plant & Equipment | 36,244,000 | 32,223,000 | 30,157,000 | 27,734,000 |
| Accrued Interest and Accounts Receivable | 111,599,000 | 101,223,000 | 107,363,000 | 125,189,000 |
| Goodwill | 64,458,000 | 64,560,000 | 64,381,000 | 60,859,000 |
| Other Non-Earning Assets | 198,775,000 | 178,197,000 | 159,308,000 | 182,884,000 |
| Total Assets | 4,424,900,000 | 4,002,810,000 | 3,875,390,000 | 3,665,740,000 |
| Total Deposits | 2,559,320,000 | 2,406,030,000 | 2,400,690,000 | 2,340,180,000 |
| Short-Term Interbank Borrowing and Repurchase Agreements | 442,396,000 | 296,835,000 | 216,535,000 | 202,613,000 |
| Short-Term Borrowings | 64,776,000 | 52,893,000 | 44,712,000 | 44,027,000 |
| Trading Liabilities | 216,019,000 | 192,883,000 | 180,428,000 | 177,976,000 |
| Accounts Payable | 316,794,000 | 280,672,000 | 290,307,000 | 300,141,000 |
| Long-Term Debt | 435,206,000 | 401,418,000 | 391,825,000 | 295,865,000 |
| Other Liabilities | 27,951,000 | 27,323,000 | 23,020,000 | 12,610,000 |
| Total Liabilities | 4,062,460,000 | 3,658,060,000 | 3,547,520,000 | 3,373,410,000 |
| Preferred Stock | 20,045,000 | 20,050,000 | 27,404,000 | 27,404,000 |
| Common Stock | 4,105,000 | 4,105,000 | 4,105,000 | 4,105,000 |
| Treasury Stock | (164,591,000) | (134,018,000) | (116,217,000) | (107,336,000) |
| Additional Paid-in Capital | 91,114,000 | 90,911,000 | 90,128,000 | 89,044,000 |
| Accumulated Other Comprehensive Income | (4,290,000) | (12,456,000) | (10,443,000) | (17,341,000) |
| Retained Earnings | 416,055,000 | 376,166,000 | 332,901,000 | 296,456,000 |
| Total Common Shareholders' Equity | 362,438,000 | 344,758,000 | 327,878,000 | 292,332,000 |
| Total Shareholders' Equity | 362,438,000 | 344,758,000 | 327,878,000 | 292,332,000 |
| Total Liabilities and Shareholders' Equity | 4,424,900,000 | 4,002,810,000 | 3,875,390,000 | 3,665,740,000 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Income | 57,048,000 | 58,471,000 | 49,552,000 | 37,676,000 |
| Depreciation & Amortization | 8,821,000 | 7,938,000 | 7,512,000 | 7,051,000 |
| Provision for Credit Losses | 14,212,000 | 10,678,000 | 9,320,000 | 6,389,000 |
| Net Change in Loans Held-for-Sale | (25,540,000) | (6,935,000) | 1,185,000 | 18,542,000 |
| Other Adjustments | 6,920,000 | (4,104,000) | (3,008,000) | 2,436,000 |
| Changes in Trading Assets | (156,461,000) | (95,729,000) | (74,091,000) | (31,449,000) |
| Changes in Securities Borrowed | (66,648,000) | (18,762,000) | (14,902,000) | 20,203,000 |
| Changes in Accrued Interest and Accounts Receivable | (11,514,000) | 5,735,000 | 19,928,000 | (22,870,000) |
| Changes in Trading Liabilities | 23,134,000 | 2,276,000 | 5,315,000 | 11,170,000 |
| Changes in Accounts Payable | 5,270,000 | (90,000) | (25,388,000) | 58,614,000 |
| Changes in Other Operating Activities | (3,024,000) | (1,490,000) | 37,551,000 | (543,000) |
| Cash from Operating Activities | (147,782,000) | (42,012,000) | 12,974,000 | 107,119,000 |
| Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements | (41,264,000) | (18,706,000) | 39,740,000 | (54,278,000) |
| Net Change in Loans Held-for-Investment | (130,932,000) | (25,255,000) | (41,031,000) | (84,076,000) |
| Net Change in Securities and Investments | (80,704,000) | (114,934,000) | 95,594,000 | 12,467,000 |
| Payments for Business Acquisitions | — | (2,362,000) | (9,920,000) | — |
| Other Investing Activities | (12,665,000) | (2,146,000) | (16,740,000) | (11,932,000) |
| Cash from Investing Activities | (265,565,000) | (163,403,000) | 67,643,000 | (137,819,000) |
| Net Change in Deposits | 153,168,000 | 3,299,000 | (32,196,000) | (136,895,000) |
| Net Change in Short-Term Interbank Borrowing and Repurchase Agreements | 145,535,000 | 80,288,000 | 13,801,000 | 8,455,000 |
| Issuance of Short-Term Debt | 9,422,000 | 7,439,000 | (1,934,000) | (8,984,000) |
| Net Issuance / (Repayments) of Short-Term Debt | 9,422,000 | 7,439,000 | (1,934,000) | (8,984,000) |
| Issuance of Long-Term Debt | 120,761,000 | 109,915,000 | 75,417,000 | 78,442,000 |
| Repayments of Long-Term Debt | (108,100,000) | (96,605,000) | (64,880,000) | (45,556,000) |
| Net Issuance / (Repayments) of Long-Term Debt | 12,661,000 | 13,310,000 | 10,537,000 | 32,886,000 |
| Repurchases of Common Shares | (31,591,000) | (18,830,000) | (9,824,000) | (3,162,000) |
| Net Issuance / (Repurchases) of Common Shares | (31,591,000) | (18,830,000) | (9,824,000) | (3,162,000) |
| Issuance of Preferred Shares | 3,000,000 | 2,500,000 | — | — |
| Repurchases of Preferred Shares | (3,000,000) | (9,850,000) | — | (7,434,000) |
| Net Issuance / (Repurchases) of Preferred Shares | 0 | (7,350,000) | — | (7,434,000) |
| Common Share Dividends Paid | (16,625,000) | (14,783,000) | (13,463,000) | (13,562,000) |
| Other Financing Activities | (3,037,000) | 74,000 | 7,508,000 | 2,439,000 |
| Cash from Financing Activities | 269,533,000 | 63,447,000 | (25,571,000) | (126,257,000) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 17,835,000 | (12,866,000) | 1,871,000 | — |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | (125,979,000) | (154,834,000) | 56,917,000 | (156,957,000) |
| Metric | Value |
|---|---|
| Market Cap | $868.79B |
| P/E | 16.09x |
| P/S | 5.16x |
| Return on Equity | 16.1% |
| Dividend Yield | 1.9% |
| Free Cash Flow Margin | -87.8% |
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|---|---|---|---|
| Q2 2026 | $57.35B | +27.7% | — | — |
| Q1 2026 | $49.84B | +10.0% | — | — |
| Q4 2025 | $45.80B | +7.1% | — | — |
| Q3 2025 | $46.43B | +8.8% | — | — |
| Q2 2025 | $44.91B | — | — | — |
| Q1 2025 | $45.31B | — | — | — |
| Q4 2024 | $42.77B | — | — | — |
| Q3 2024 | $42.65B | — | — | — |