J 
JPMorgan Chase JPM · USD
Financials · Banks · US listing · 🇺🇸 United States
S&P 500Dow Jones
334.49
-0.84%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue, before interest expense
$279.75bn
FY2016FY2025
Net income
$57.05bn
FY2016FY2025
Total assets
$4.42trn
FY2016FY2025
Shareholders' equity
$362.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $279.75bn | $270.79bn | $236.27bn | $153.82bn | $127.24bn | $129.84bn | $142.51bn | $129.82bn | $114.58bn | $106.39bn |
| Operating income | $72.59bn | $75.08bn | $61.61bn | $46.17bn | $59.56bn | $35.81bn | $44.87bn | $40.76bn | $35.90bn | $34.54bn |
| Net income | $57.05bn | $58.47bn | $49.55bn | $37.68bn | $48.33bn | $29.13bn | $36.43bn | $32.47bn | $24.44bn | $24.73bn |
| Diluted earnings per share | 20.42 | 20.57 | 16.98 | 12.70 | 16.21 | 9.44 | 11.55 | 9.70 | 6.96 | 6.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $4.42trn | $4.00trn | $3.88trn | $3.67trn | $3.74trn | $3.38trn | $2.69trn | $2.62trn | $2.53trn | $2.49trn |
| Cash and short-term investments | $850.54bn | $1.66trn | $816.64bn | $763.93bn | $1.03trn | $883.56bn | $604.00bn | $509.19bn | $633.53bn | $628.53bn |
| Total liabilities | $4.06trn | $3.66trn | $3.55trn | $3.37trn | $3.45trn | $3.11trn | $2.43trn | $2.37trn | $2.28trn | $2.24trn |
| Debt | $942.38bn | $721.89bn | $611.83bn | $531.41bn | $537.83bn | $527.98bn | $487.46bn | $533.63bn | $494.80bn | $495.35bn |
| Shareholders' equity | $362.44bn | $344.76bn | $327.88bn | $292.33bn | $294.13bn | $279.35bn | $261.33bn | $256.51bn | $255.69bn | $254.19bn |
| Shares outstanding | 2,794m | 2,842m | 2,919m | 2,967m | 2,982m | 3,085m | 3,154m | 3,347m | 3,512m | 3,609m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $82.46bn | $73.66bn | $69.61bn | $71.90bn | $69.91bn | $68.91bn | $67.01bn | $69.67bn |
| Operating income | $27.52bn | $20.48bn | $17.16bn | $18.74bn | $18.28bn | $18.41bn | $17.38bn | $16.98bn |
| Net income | $21.16bn | $16.49bn | $13.03bn | $14.39bn | $14.99bn | $14.64bn | $14.01bn | $12.90bn |
| Diluted earnings per share | 7.57 | 5.90 | 4.66 | 5.15 | 5.36 | 5.24 | 4.93 | 4.54 |
| Total assets | $5.02trn | $4.90trn | $4.42trn | $4.56trn | $4.55trn | $4.36trn | $4.00trn | $4.21trn |
| Cash and short-term investments | $2.62trn | $1.86trn | $1.48trn | $1.50trn | $1.57trn | $1.47trn | $1.37trn | $1.38trn |
| Debt | $777.35bn | $1.23trn | $943.61bn | $1.04trn | $1.08trn | $981.92bn | $692.51bn | $850.13bn |
| Shareholders' equity | $374.60bn | $364.04bn | $362.44bn | $360.21bn | $356.92bn | $351.42bn | $344.76bn | $345.84bn |
Financial ratios
Data as of 30 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 26.0% | 27.7% | 26.1% | 30.0% | 46.8% | 27.6% |
| Net margin | 20.4% | 21.6% | 21.0% | 24.5% | 38.0% | 22.4% |
| Return on equity | 15.7% | 17.0% | 15.1% | 12.9% | 16.4% | 10.4% |
| Return on assets | 1.3% | 1.5% | 1.3% | 1.0% | 1.3% | 0.9% |
| Revenue growth | 3.3% | 14.6% | 53.6% | 20.9% | -2.0% | -8.9% |
| Earnings growth | -2.4% | 18.0% | 31.5% | -22.1% | 65.9% | -20.0% |
| Current ratio | 14.85x | 0.65x | 0.31x | 0.29x | 0.36x | 0.35x |
| Debt to equity | 1.38x | 2.18x | 1.99x | 1.50x | 1.87x | 1.60x |
| Equity ratio | 8.2% | 8.6% | 8.5% | 8.0% | 7.9% | 8.3% |
| Interest coverage | 0.74x | 0.74x | 0.76x | 1.77x | 10.73x | 3.60x |
| Buybacks as a share of market value | 1.7% | 2.6% | 1.6% | 0.5% | 3.4% | 2.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.5% | 8.7% | 6.9% |
| Operating income | 16.3% | 15.2% | 9.0% |
| Net income | 14.8% | 14.4% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.8% | 27.2% | 29.3% | 30.0% |
| Net margin | 21.0% | 21.6% | 23.4% | 23.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.8 | 11.7 | 10.0 | 10.6 | 9.8 | 13.5 | 12.1 | 10.1 | 15.4 | 12.6 |
| Price to sales | 5.0 | 4.0 | 3.2 | 3.1 | 3.9 | 3.3 | 3.8 | 3.0 | 3.7 | 3.2 |
Market value over time
30 Sept 2016 to 28 Aug 2026, in USD
$244.95bn$999.08bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 36% | 37% | 30% | -16% | 25% | -10% | 42% | -9% | 23% | 36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 6 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.65 | 5.80 | 4.80 | 4.10 | 4.00 | 3.80 | 3.60 | 3.40 |
- 3-for-2 split · 12 Jun 2000
- 2-for-1 split · 15 Jun 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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