JPMorgan Chase & Co.(JPM)Earnings, Financials & Key Ratios

JPM•NYSE•Banking & Credit

16.2× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Banks Sub-IndustryNorth American universal banks

AboutJPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.Show more

Net Interest Income$95.44B+3.1%
Total Revenue$279.75B+3.3%
Net Income$57.05B-2.4%
Return on Equity16.13%-7.2%
Net Interest Margin2.16%-6.7%
Efficiency Ratio33.96%+9.9%
ROA1.35%-8.8%
Equity / Assets8.19%-4.9%
Book Value per Share129.73+8.3%

JPM Key Insights

JPMorgan Chase & Co. (JPM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Efficient operations: 34.0% efficiency ratio
✓15 consecutive years of dividend growth
✓Good 3Y average ROE of 15.4%
✓Share count reduced 3.0% through buybacks
✓Diversified revenue: 30.9% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.6x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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JPM Price & Volume

JPMorgan Chase & Co. (JPM) stock price & volume — 10-year historical chart

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JPM Growth Metrics

JPMorgan Chase & Co. (JPM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.72%

5 Years16.59%

3 Years22.06%

TTM-

Profit CAGR

10 Years8.85%

5 Years14.39%

3 Years14.83%

TTM-2.43%

EPS CAGR

10 Years12.82%

5 Years17.69%

3 Years18.37%

TTM1.37%

Return on Capital

10 Years7.79%

5 Years9.02%

3 Years9.22%

Last Year8.92%

JPM Recent Earnings

JPMorgan Chase & Co. (JPM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

Apr 14, 2026

Metric

Actual

Est

EPS

$5.94+8.6%

$5.47

Rev

$49.8B+1.3%

$49.2B

Q1 2026

Jan 13, 2026

Metric

Actual

Est

EPS

$4.63-4.5%

$4.85

Rev

$45.8B-0.8%

$46.2B

Q4 2025

Oct 14, 2025

Metric

Actual

Est

EPS

$5.07+4.5%

$4.85

Rev

$46.4B+2.1%

$45.5B

Q3 2025

Jul 15, 2025

Metric

Actual

Est

EPS

$4.96+10.7%

$4.48

Rev

$44.9B+2.4%

$43.8B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 14, 2026	$5.94vs $5.47+8.6%	$49.8Bvs $49.2B+1.3%
Q1 2026	Jan 13, 2026	$4.63vs $4.85-4.5%	$45.8Bvs $46.2B-0.8%
Q4 2025	Oct 14, 2025	$5.07vs $4.85+4.5%	$46.4Bvs $45.5B+2.1%
Q3 2025	Jul 15, 2025	$4.96vs $4.48+10.7%	$44.9Bvs $43.8B+2.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
BACBank of America CorporationDirect Competitor	424.14B	56.20	14.71	-0.45%	15.93%	10.15%	1.21
WFCWells Fargo & CompanyDirect Competitor	264.5B	82.21	13.01	-1.49%	17.27%	11.66%	2.33
CCitigroup Inc.Direct Competitor	266.52B	143.09	20.47	-1.41%	8.48%	6.67%	3.35
GSThe Goldman Sachs Group, Inc.Direct Competitor	348.27B	1096.56	21.37	-1.38%	13.73%	13.58%	4.88
MSMorgan StanleyDirect Competitor	355.51B	223.17	21.88	11.48%	14.66%	15.3%	4.22
USBU.S. BancorpDirect Competitor	90.47B	58.14	12.61	0.35%	17.68%	12.03%	1.19
TFCTruist Financial CorporationDirect Competitor	62.11B	48.33	12.65	25.5%	17.44%	8.15%	1.07
BKThe Bank of New York Mellon CorporationProduct Competitor	100.01B	141.91	19.15	2.25%	13.72%	12.52%	0.76

Compare JPM vs Peers

JPMorgan Chase & Co. (JPM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BAC

Most directly comparable listed peer for JPM.

Scale Benchmark

vs V

Larger-name benchmark to compare JPM against a more recognizable public peer.

Peer Set

Compare Top 5

vs BAC, WFC, C, GS

JPM Income Statement

JPMorgan Chase & Co. (JPM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Net Interest Income	50.1B	55.06B	57.24B	54.56B	52.31B	66.71B	89.27B	92.58B	95.44B
NII Growth %	8.71%	9.9%	3.97%	-4.69%	-4.13%	27.53%	33.81%	3.71%	3.09%
Net Interest Margin %	1.98%	2.1%	2.13%	1.61%	1.4%	1.82%	2.3%	2.31%	2.16%
Interest Income	63.97B	76.1B	84.04B	64.52B	57.86B	92.81B	170.59B	193.93B	193.34B
Interest Expense	13.87B	21.04B	26.8B	9.96B	5.55B	26.1B	81.32B	101.35B	97.9B
Loan Loss Provision	5.29B	4.87B	5.58B	17.41B	-9.22B	6.33B	9.28B	10.65B	14.24B
Non-Interest Income	50.61B	53.72B	58.48B	65.32B	69.37B	61.02B	65.69B	76.86B	86.4B
Non-Interest Income %	44.17%	41.38%	41.03%	50.31%	54.52%	39.67%	27.8%	28.38%	30.89%
Total Revenue	114.58B▲ 0%	129.82B▲ 13.3%	142.51B▲ 9.8%	129.84B▼ 8.9%	127.24B▼ 2.0%	153.82B▲ 20.9%	236.27B▲ 53.6%	270.79B▲ 14.6%	279.75B▲ 3.3%
Revenue Growth %	7.7%	13.31%	9.78%	-8.89%	-2.01%	20.89%	53.6%	14.61%	3.31%
Non-Interest Expense	59.52B	63.15B	65.27B	66.66B	71.34B	75.23B	84.06B	83.7B	95.01B
Efficiency Ratio	51.94%	48.64%	45.8%	51.34%	56.07%	48.9%	35.58%	30.91%	33.96%
Operating Income	35.9B▲ 0%	40.76B▲ 13.5%	44.87B▲ 10.1%	35.81B▼ 20.2%	59.56B▲ 66.3%	46.17B▼ 22.5%	61.61B▲ 33.5%	75.08B▲ 21.9%	72.59B▼ 3.3%
Operating Margin %	31.33%	31.4%	31.48%	27.58%	46.81%	30.01%	26.08%	27.73%	25.95%
Operating Income Growth %	3.95%	13.55%	10.06%	-20.17%	66.3%	-22.49%	33.46%	21.86%	-3.31%
Pretax Income	35.9B▲ 0%	40.76B▲ 13.5%	44.87B▲ 10.1%	35.81B▼ 20.2%	59.56B▲ 66.3%	46.17B▼ 22.5%	61.61B▲ 33.5%	75.08B▲ 21.9%	72.59B▼ 3.3%
Pretax Margin %	31.33%	31.4%	31.48%	27.58%	46.81%	30.01%	26.08%	27.73%	25.95%
Income Tax	11.46B	8.29B	8.44B	6.68B	11.23B	8.49B	12.06B	16.61B	15.55B
Effective Tax Rate %	31.92%	20.34%	18.8%	18.66%	18.85%	18.39%	19.57%	22.12%	21.42%
Net Income	24.44B▲ 0%	32.47B▲ 32.9%	36.43B▲ 12.2%	29.13B▼ 20.0%	48.33B▲ 65.9%	37.68B▼ 22.1%	49.55B▲ 31.5%	58.47B▲ 18.0%	57.05B▼ 2.4%
Net Margin %	21.33%	25.01%	25.56%	22.44%	37.99%	24.49%	20.97%	21.59%	20.39%
Net Income Growth %	-1.18%	32.87%	12.19%	-20.04%	65.92%	-22.05%	31.52%	18%	-2.43%
Net Income (Continuing)	24.44B	32.47B	36.43B	29.13B	48.33B	37.68B	49.55B	58.47B	57.05B
EPS (Diluted)	6.31▲ 0%	9.00▲ 42.6%	10.72▲ 19.1%	8.88▼ 17.2%	15.36▲ 73.0%	12.09▼ 21.3%	16.23▲ 34.2%	19.75▲ 21.7%	20.05▲ 1.5%
EPS Growth %	1.94%	42.63%	19.11%	-17.16%	72.97%	-21.29%	34.24%	21.69%	1.52%
EPS (Basic)	6.35	9.04	10.75	8.89	15.39	12.10	16.25	19.79	20.09
Diluted Shares Outstanding	3.58B	3.41B	3.23B	3.09B	3.03B	2.97B	2.94B	2.88B	2.79B

JPM Balance Sheet

JPMorgan Chase & Co. (JPM) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash & Short Term Investments	633.53B	509.19B	604B	883.56B	1.36T	1.12T	1.23T	1.37T	1.48T
Cash & Due from Banks	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B	469.32B	343.34B
Short Term Investments	202.22B	230.39B	340.37B	355.95B	621.12B	556.81B	604.1B	898.4B	1.14T
Total Investments	1.22T	1.23T	1.37T	1.54T	2.05T	2.1T	2.28T	2.5T	2.87T
Investments Growth %	-0.99%	0.77%	11.31%	12.38%	32.67%	2.54%	8.45%	9.73%	15.13%
Long-Term Investments	1.02T	1T	1.03T	1.19T	1.43T	1.54T	1.67T	1.6T	1.74T
Accounts Receivables	67.73B	73.2B	72.86B	90.5B	102.57B	125.19B	107.36B	101.22B	111.6B
Goodwill & Intangibles	54.39B	54.35B	53.34B	53.43B	56.69B	60.86B	64.38B	64.56B	64.46B
Goodwill	47.51B	47.47B	47.82B	49.25B	50.31B	51.66B	52.63B	52.56B	52.73B
Intangible Assets	6.88B	6.88B	5.52B	4.18B	6.38B	9.2B	11.75B	11.99B	11.73B
PP&E (Net)	14.16B	14.93B	25.81B	27.11B	27.07B	27.73B	30.16B	32.22B	36.24B
Other Assets	742.44B	968.32B	899.32B	1.14T	564.17B	601.32B	573.67B	619.43B	708.86B
Total Current Assets	701.26B	582.39B	676.87B	974.06B	1.67T	1.43T	1.54T	1.69T	1.88T
Total Non-Current Assets	1.83T	2.04T	2.01T	2.41T	2.07T	2.23T	2.34T	2.31T	2.55T
Total Assets	2.53T▲ 0%	2.62T▲ 3.5%	2.69T▲ 2.5%	3.38T▲ 26.0%	3.74T▲ 10.6%	3.67T▼ 2.1%	3.88T▲ 5.7%	4T▲ 3.3%	4.42T▲ 10.5%
Asset Growth %	1.71%	3.51%	2.47%	25.95%	10.6%	-2.08%	5.72%	3.29%	10.54%
Return on Assets (ROA)	0.97%	1.26%	1.37%	0.96%	1.36%	1.02%	1.31%	1.48%	1.35%
Accounts Payable	102.73B	114.79B	118.38B	140.29B	169.17B	188.69B	161.96B	153.15B	186.66B
Total Debt	494.8B	533.63B	516.09B	542.1B	548.94B	542.5B	653.07B	751.15B	942.38B
Net Debt	63.49B	254.83B	252.46B	14.49B	-191.9B	-24.73B	28.92B	281.83B	599.04B
Long-Term Debt	284.08B	282.03B	291.5B	281.69B	301B	295.87B	391.82B	401.42B	433.97B
Short-Term Debt	210.72B	251.6B	224.59B	260.42B	247.93B	246.64B	261.25B	349.73B	508.41B
Other Liabilities	30.98B	26.04B	24.24B	25.28B	20.55B	23.91B	36.22B	41.72B	43.95B
Total Current Liabilities	1.96T	2.06T	2.11T	2.8T	3.13T	3.05T	3.12T	3.21T	3.58T
Total Non-Current Liabilities	315.06B	308.07B	315.74B	306.96B	321.56B	319.77B	428.05B	443.14B	477.92B
Total Liabilities	2.28T	2.37T	2.43T	3.11T	3.45T	3.37T	3.55T	3.66T	4.06T
Total Equity	255.69B▲ 0%	256.51B▲ 0.3%	261.33B▲ 1.9%	279.35B▲ 6.9%	294.13B▲ 5.3%	292.33B▼ 0.6%	327.88B▲ 12.2%	344.76B▲ 5.1%	362.44B▲ 5.1%
Equity Growth %	0.59%	0.32%	1.88%	6.9%	5.29%	-0.61%	12.16%	5.15%	5.13%
Equity / Assets (Capital Ratio)	10.09%	9.78%	9.72%	8.25%	7.86%	7.97%	8.46%	8.61%	8.19%
Return on Equity (ROE)	9.59%	12.68%	14.07%	10.78%	16.86%	12.85%	15.98%	17.39%	16.13%
Book Value per Share	71.49	75.14	80.90	90.48	97.18	98.43	111.41	119.75	129.73
Tangible BV per Share	56.28	59.22	64.38	73.18	78.45	77.94	89.53	97.32	106.66
Common Stock	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B	4.11B
Additional Paid-in Capital	90.58B	89.16B	88.52B	88.39B	88.42B	89.04B	90.13B	90.91B	91.11B
Retained Earnings	177.68B	199.2B	223.21B	236.99B	272.27B	296.46B	332.9B	376.17B	416.06B
Accumulated OCI	-119M	-1.51B	1.57B	7.99B	-84M	-17.34B	-10.44B	-12.46B	-4.29B
Treasury Stock	-42.59B	-60.49B	-83.05B	-88.18B	-105.42B	-107.34B	-116.22B	-134.02B	-164.59B
Preferred Stock	26.07B	26.07B	26.99B	30.06B	34.84B	27.4B	27.4B	20.05B	20.05B

JPM Cash Flow Statement

JPMorgan Chase & Co. (JPM) cash flow — operating, investing & free cash flow history

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	-10.83B	15.61B	4.09B	-79.91B	78.08B	107.12B	12.97B	-42.01B	100.87B
Operating CF Growth %	-149.47%	244.21%	-73.79%	-2052.83%	197.71%	37.18%	-87.89%	-423.82%	340.09%
Net Income	24.44B	32.47B	36.43B	29.13B	48.33B	37.68B	49.55B	58.47B	56.78B
Depreciation & Amortization	6.18B	7.79B	8.37B	8.61B	7.93B	7.05B	7.51B	7.94B	8.82B
Deferred Taxes	2.31B	1.72B	1.27B	-3.57B	3.75B	-2.74B	-4.53B	2B	5.61B
Other Non-Cash Items	13.87B	-2.74B	11.94B	31.23B	-17.83B	32.44B	16.61B	3.79B	15.79B
Working Capital Changes	-57.63B	-23.64B	-53.92B	-145.31B	35.9B	32.69B	-56.17B	-114.22B	13.87B
Cash from Investing	28.25B	-199.42B	-52.06B	-261.91B	-129.34B	-137.82B	67.64B	-163.4B	-514.21B
Purchase of Investments	-107.66B	-104.46B	-255.58B	-409.55B	-360.54B	-159.93B	-119.64B	-357.42B	-578.58B
Sale/Maturity of Investments	150.88B	86.41B	125.8B	228.79B	263.72B	172.4B	215.23B	242.49B	233.5B
Net Investment Activity	43.22B	-18.05B	-129.77B	-180.75B	-96.82B	12.47B	95.59B	-114.93B	-345.08B
Acquisitions	0	0	0	0	0	0	-9.92B	-2.36B	0
Other Investing	-14.97B	-181.37B	77.71B	-81.16B	-32.52B	-150.29B	-18.03B	-46.11B	-169.14B
Cash from Financing	14.64B	34.16B	32.99B	596.64B	275.99B	-126.26B	-25.57B	63.45B	269.53B
Dividends Paid	-8.99B	-10.11B	-12.34B	-12.69B	-12.86B	-13.56B	-13.46B	-14.78B	-16.63B
Share Repurchases	-16.67B	-21.68B	-28.08B	-7.95B	-20.98B	-10.6B	-9.82B	-28.68B	-34.59B
Stock Issued	1.26B	1.7B	5B	4.5B	7.35B	0	0	2.5B	3B
Net Stock Activity	-15.41B	-19.98B	-23.08B	-3.45B	-13.63B	-10.6B	-9.82B	-26.18B	-31.59B
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	49.31B	50.42B	105.49B	634.71B	267.23B	-126B	-10.89B	83.66B	150.75B
Net Change in Cash	40.15B▲ 0%	-152.51B▼ 479.9%	-15.16B▲ 90.1%	263.98B▲ 1841.0%	213.22B▼ 19.2%	-173.6B▼ 181.4%	56.92B▲ 132.8%	-154.83B▼ 372.0%	-125.98B▲ 18.6%
Exchange Rate Effect	8.09B	-2.86B	-182M	9.15B	-11.51B	-16.64B	1.87B	-12.87B	17.84B
Cash at Beginning	391.15B	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B	469.32B
Cash at End	431.3B	278.79B	263.63B	527.61B	740.83B	567.23B	624.15B	469.32B	343.34B
Interest Paid	14.15B	21.15B	29.92B	13.08B	5.14B	23.14B	77.11B	99.64B	96.44B
Income Taxes Paid	4.33B	3.54B	6.22B	8.14B	18.74B	4.36B	9.91B	11.71B	5.31B
Free Cash Flow	-10.83B▲ 0%	15.61B▲ 244.2%	4.09B▼ 73.8%	-79.91B▼ 2052.8%	78.08B▲ 197.7%	107.12B▲ 37.2%	12.97B▼ 87.9%	-42.01B▼ 423.8%	100.87B▲ 340.1%
FCF Growth %	-149.47%	244.21%	-73.79%	-2052.83%	197.71%	37.18%	-87.89%	-423.82%	340.09%

JPM Banking Ratios

JPMorgan Chase & Co. (JPM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.86%	9.59%	12.68%	14.07%	10.78%	16.86%	12.85%	15.98%	17.39%	16.13%
Return on Assets (ROA)	1.02%	0.97%	1.26%	1.37%	0.96%	1.36%	1.02%	1.31%	1.48%	1.35%
Net Interest Margin	1.85%	1.98%	2.1%	2.13%	1.61%	1.4%	1.82%	2.3%	2.31%	2.16%
Efficiency Ratio	53.27%	51.94%	48.64%	45.8%	51.34%	56.07%	48.9%	35.58%	30.91%	33.96%
Equity / Assets	10.2%	10.09%	9.78%	9.72%	8.25%	7.86%	7.97%	8.46%	8.61%	8.19%
Book Value / Share	69.64	71.49	75.14	80.9	90.48	97.18	98.43	111.41	119.75	129.73
NII Growth	5.91%	8.71%	9.9%	3.97%	-4.69%	-4.13%	27.53%	33.81%	3.71%	3.09%
Dividend Payout	34.27%	36.79%	31.13%	33.88%	43.56%	26.6%	36%	27.17%	25.28%	29.14%

JPM Frequently Asked Questions

JPMorgan Chase & Co. (JPM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

JPMorgan Chase & Co. (JPM) grew revenue by 3.3% over the past year. Growth has been modest.

Yes, JPMorgan Chase & Co. (JPM) is profitable, generating $57.05B in net income for fiscal year 2025 (20.4% net margin).

Dividend & Returns

Yes, JPMorgan Chase & Co. (JPM) pays a dividend with a yield of 1.83%. This makes it attractive for income-focused investors.

JPMorgan Chase & Co. (JPM) has a return on equity (ROE) of 16.1%. This is reasonable for most industries.

Industry Metrics

JPMorgan Chase & Co. (JPM) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

JPMorgan Chase & Co. (JPM) has an efficiency ratio of 34.0%. This is excellent, indicating strong cost control.

What if you invested $1,000 in JPM back in 1996?

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JPMorgan Chase & Co.(JPM)Earnings, Financials & Key Ratios

JPM•NYSE•Banking & Credit

16.2× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Banks Sub-IndustryNorth American universal banks

Net Interest Income$95.44B+3.1%
Total Revenue$279.75B+3.3%
Net Income$57.05B-2.4%
Return on Equity16.13%-7.2%
Net Interest Margin2.16%-6.7%
Efficiency Ratio33.96%+9.9%
ROA1.35%-8.8%
Equity / Assets8.19%-4.9%
Book Value per Share129.73+8.3%