Last 48 quarters of trend data · Financial Services · Large & Global Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.60 | 14.85 | 10.63 | 12.38 | 17.40 | 15.55 | 13.83 | 12.10 | 12.46 | 12.06 | 8.26 | 11.28 | 13.99 | 8.37 | 7.65 | 7.95 | 9.39 | 8.37 | 10.20 | 12.96 | 11.89 |
| — | -4.5% | -23.2% | +2.4% | +39.6% | +28.9% | +67.4% | +7.2% | -10.9% | +44.1% | +7.9% | +41.9% | +49.0% | -0.0% | -25.0% | -38.7% | -21.0% | -23.5% | -0.8% | +53.2% | +41.8% | |
| P/S Ratio | 4.41 | 4.42 | 3.84 | 4.01 | 4.82 | 4.70 | 4.51 | 3.82 | 3.98 | 3.54 | 3.48 | 3.48 | 3.22 | 2.67 | 2.78 | 2.53 | 2.88 | 2.37 | 2.72 | 3.31 | 4.03 |
| — | -5.9% | -14.8% | +5.0% | +21.1% | +32.7% | +29.7% | +9.8% | +23.8% | +32.5% | +25.2% | +37.8% | +11.6% | +12.9% | +2.2% | -23.6% | -28.5% | -42.9% | -29.9% | -9.0% | +20.4% | |
| P/B Ratio | 2.57 | 2.38 | 2.35 | 2.20 | 2.44 | 2.42 | 2.27 | 1.97 | 1.98 | 1.75 | 1.72 | 1.73 | 1.51 | 1.34 | 1.37 | 1.28 | 1.36 | 1.08 | 1.17 | 1.42 | 1.61 |
| — | -1.6% | +3.7% | +11.5% | +23.3% | +38.7% | +32.0% | +13.8% | +30.5% | +30.4% | +25.3% | +35.6% | +11.3% | +24.5% | +17.5% | -10.1% | -15.2% | -36.6% | -29.3% | -14.9% | +14.4% | |
| P/FCF | — | 6.69 | — | — | 1.84 | — | 6.85 | — | 1.15 | — | 3.81 | — | 2.06 | 2.36 | 5.68 | — | 0.98 | — | 1.26 | — | 1.39 |
| — | — | — | — | +59.9% | — | +80.1% | — | -44.1% | — | -33.0% | — | +109.7% | — | +349.2% | — | -29.2% | — | -85.5% | — | — | |
| EV / EBITDA | 16.20 | 22.30 | 15.17 | 18.84 | 19.03 | 19.44 | 17.93 | 15.56 | 12.45 | 13.46 | 8.81 | 10.22 | 8.96 | 7.88 | 8.36 | 6.04 | 6.26 | 4.37 | 4.63 | 4.77 | 4.80 |
| — | +14.7% | -15.4% | +21.1% | +52.8% | +44.4% | +103.4% | +52.2% | +39.0% | +70.9% | +5.4% | +69.3% | +43.2% | +80.1% | +80.7% | +26.7% | +30.3% | -16.4% | -13.3% | -4.9% | -18.8% | |
| EV / EBIT | 20.60 | 22.30 | 16.44 | 21.02 | 21.59 | 21.79 | 20.10 | 17.28 | 13.86 | 15.02 | 9.57 | 11.41 | 11.60 | 8.83 | 8.60 | 6.66 | 7.05 | 5.02 | 5.39 | 5.63 | 5.54 |
| — | +2.4% | -18.2% | +21.6% | +55.8% | +45.1% | +110.1% | +51.4% | +19.5% | +70.2% | +11.2% | +71.2% | +64.6% | +75.9% | +59.7% | +18.4% | +27.3% | -15.6% | -10.9% | +0.6% | -17.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.2% | 94.5% | 95.6% | 95.0% | 89.8% | 92.7% | 93.6% | 92.7% | 93.8% | 92.7% | 92.8% | 95.6% | 92.9% | 96.6% | 92.5% | 94.1% | 93.5% | 95.3% | 96.4% | 95.2% | 104.3% |
| — | +2.0% | +2.1% | +2.5% | -4.2% | -0.0% | +0.9% | -3.0% | +1.0% | -4.0% | +0.3% | +1.6% | -0.6% | +1.3% | -4.1% | -1.2% | -10.4% | -9.3% | -10.3% | -15.7% | -1.9% | |
| Operating Margin | 39.9% | 40.1% | 48.0% | 41.1% | 37.5% | 40.4% | 40.7% | 40.6% | 40.6% | 39.8% | 55.7% | 41.3% | 29.3% | 42.1% | 45.6% | 41.6% | 38.4% | 36.7% | 35.4% | 32.8% | 43.2% |
| — | -0.6% | +17.8% | +1.2% | -7.7% | +1.4% | -26.9% | -1.6% | +38.4% | -5.4% | +22.2% | -0.9% | -23.5% | +14.7% | +28.8% | +27.1% | -11.2% | -22.9% | -28.6% | -40.3% | -16.0% | |
| Net Margin | 31.4% | 30.5% | 36.9% | 33.1% | 28.4% | 31.0% | 33.4% | 32.3% | 32.7% | 30.2% | 43.1% | 32.0% | 24.1% | 33.1% | 37.5% | 32.9% | 31.9% | 29.8% | 28.2% | 27.0% | 35.5% |
| — | -1.6% | +10.5% | +2.4% | -13.1% | +2.5% | -22.6% | +0.9% | +35.7% | -8.6% | +15.0% | -2.7% | -24.4% | +11.1% | +33.2% | +22.1% | -10.2% | -24.4% | -28.1% | -39.2% | -14.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.1% | 4.1% | 5.7% | 4.5% | 3.6% | 4.0% | 4.2% | 4.2% | 4.1% | 3.8% | 5.4% | 4.0% | 2.9% | 4.2% | 4.7% | 4.2% | 3.8% | 3.4% | 3.0% | 2.9% | 3.6% |
| — | +2.1% | +35.4% | +7.9% | -11.1% | +6.8% | -21.1% | +4.2% | +40.6% | -10.0% | +14.0% | -4.7% | -24.0% | +23.1% | +55.5% | +48.5% | +6.6% | -16.4% | -28.2% | -44.1% | -19.3% | |
| ROA | 1.4% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% |
| — | -4.1% | +26.8% | +1.0% | -15.0% | +2.3% | -23.7% | +4.0% | +42.5% | -8.8% | +15.9% | -1.1% | -19.1% | +32.5% | +71.3% | +58.3% | +6.7% | -18.6% | -31.5% | -46.8% | -24.2% | |
| ROIC | 4.5% | 0.9% | 1.3% | 1.1% | 0.9% | 1.0% | 1.0% | 1.1% | 1.1% | 1.1% | 1.5% | 1.2% | 0.9% | 1.3% | 1.4% | 1.4% | 1.2% | 1.0% | 0.9% | 0.9% | 1.1% |
| — | -4.5% | +31.0% | -6.0% | -17.1% | -8.2% | -36.1% | -9.5% | +32.2% | -15.6% | +9.0% | -10.6% | -26.4% | +21.1% | +48.4% | +57.0% | +7.0% | -12.1% | -24.4% | -41.9% | -20.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.60 | 3.32 | 3.30 | 3.39 | 2.60 | 2.95 | 3.03 | 2.86 | 2.18 | 2.46 | 2.47 | 2.28 | 1.99 | 2.13 | 2.15 | 1.93 | 1.86 | 2.00 | 1.99 | 2.01 | 1.87 |
| — | +12.3% | +9.2% | +18.4% | +19.3% | +20.2% | +22.4% | +25.4% | +9.4% | +15.2% | +15.1% | +18.3% | +7.3% | +6.8% | +8.0% | -4.1% | -0.6% | -4.1% | -4.6% | -11.6% | -3.8% | |
| Debt / EBITDA | 11.57 | 61.33 | 41.49 | 54.00 | 48.40 | 50.64 | 52.72 | 49.19 | 38.84 | 44.87 | 33.11 | 39.79 | 44.54 | 36.10 | 37.11 | 33.16 | 36.39 | 41.77 | 44.99 | 48.36 | 37.63 |
| — | +21.1% | -21.3% | +9.8% | +24.6% | +12.9% | +59.2% | +23.6% | -12.8% | +24.3% | -10.8% | +20.0% | +22.4% | -13.6% | -17.5% | -31.4% | -3.3% | +11.0% | +28.8% | +49.7% | +19.3% | |
| Current Ratio | 0.52 | 0.83 | 0.84 | 0.62 | 0.52 | 0.55 | 0.56 | 0.56 | 0.53 | 0.56 | 0.30 | 0.28 | 0.30 | 0.28 | 0.27 | 0.30 | 0.29 | 0.33 | 0.35 | 0.39 | 0.36 |
| — | +50.7% | +51.1% | +11.2% | -0.3% | -2.4% | +83.7% | +99.5% | +77.3% | +98.7% | +10.1% | -5.9% | +1.7% | -15.1% | -20.8% | -24.9% | -19.7% | -13.4% | -7.9% | -2.4% | +4.1% | |
| Quick Ratio | 0.52 | 0.83 | 0.84 | 0.62 | 0.52 | 0.55 | 0.56 | 0.56 | 0.53 | 0.56 | 0.30 | 0.28 | 0.30 | 0.28 | 0.27 | 0.30 | 0.29 | 0.33 | 0.35 | 0.39 | 0.36 |
| — | +50.7% | +51.1% | +11.2% | -0.3% | -2.4% | +83.7% | +99.5% | +77.3% | +98.7% | +10.1% | -5.9% | +1.7% | -15.1% | -20.8% | -24.9% | -19.7% | -13.4% | -7.9% | -2.4% | +4.1% | |
| Interest Coverage | 0.74 | 0.77 | 1.10 | 0.86 | 0.72 | 0.74 | 0.73 | 0.78 | 0.72 | 0.63 | 0.91 | 0.71 | 0.49 | 0.77 | 0.89 | 0.98 | 1.03 | 1.48 | 3.09 | 6.20 | 8.93 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying JPM stock.
JPMorgan Chase & Co.'s current P/E is 13.6x. The average P/E over the last 4 quarters is 13.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
JPMorgan Chase & Co.'s current operating margin is 39.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking JPMorgan Chase & Co.'s business trajectory between earnings reports.