JPMORGAN CHASE & CO JPM

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

JPMorgan Chase & Co. ("JPMorganChase" or the "Firm", NYSE: JPM), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362.4 billion in stockholders' equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world's most prominent corporate, institutional and government clients globally.

Last close 331.58 2026-10-23
Market cap $881.40B 2026-06-30 share count
52-week range 279.10 - 366.50

Valuation FY2025 figures against the last close

P/S4.8x
P/E16.6x
P/FCF—
EV/EBITDA—
Dividend yield1.9%
Diluted EPS20.02

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $182.45B$177.56B$158.10B$128.69B$121.65B$119.95B$115.72B$108.78B$100.70B$96.57B
Interest expense $95.44B$92.58B$89.27B$66.71B$5.55B$9.96B$26.80B$21.04B$13.87B$9.82B
Pre-tax income $72.59B$75.08B$61.61B$46.17B$59.56B$35.81B$44.87B$40.76B$35.90B$34.54B
Income tax $15.55B$16.61B$12.06B$8.49B$11.23B$6.68B$8.44B$8.29B$11.46B$9.80B
Net income $57.00B$58.50B$49.60B$37.70B$48.30B$29.13B$36.43B$32.47B$24.44B$24.73B
EPS, basic 20.0519.7916.2512.1015.398.8910.759.046.356.24
EPS, diluted 20.0219.7516.2312.0915.368.8810.729.006.316.19
Shares, diluted (wtd. avg.) 2.78B2.88B2.94B2.97B3.03B3.09B3.23B3.41B3.58B3.69B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $343.34B$469.32B$624.15B$567.23B$740.83B$527.61B$263.63B$278.79B$431.30B$391.15B
Property, plant and equipment ———$27.73B$27.07B$27.11B$25.81B$14.93B$14.16B$14.13B
Goodwill $52.73B$52.56B$52.63B$51.66B$50.31B$49.25B$47.82B$47.47B$47.51B$47.29B
Other intangibles $1.30B$1.70B$2.00B$707.0M——————
Total assets $4.42T$4.00T$3.88T$3.67T$3.74T$3.38T$2.69T$2.62T$2.53T$2.49T
Short-term debt $64.78B$52.89B$44.71B$44.03B$53.59B$45.21B$40.92B$69.28B$51.80B$34.44B
Total liabilities $4.06T$3.66T$3.55T$3.37T$3.45T$3.11T$2.43T$2.37T$2.28T$2.24T
Retained earnings $416.06B$376.17B$332.90B$296.46B$272.27B$236.99B$223.21B$199.20B$177.68B$162.44B
Total equity $362.44B$344.76B$327.88B$292.33B$294.13B$279.35B$261.33B$256.51B$255.69B$254.19B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$147.78B-$42.01B$12.97B$107.12B$78.08B-$79.91B$4.09B$15.61B-$10.83B$21.88B
Depreciation and amortisation $8.82B$7.94B$7.51B$7.05B$7.93B$8.61B$8.37B$7.79B$6.18B$5.48B
Stock-based compensation $3.61B$3.50B$3.12B$2.79B$2.93B$2.45B$2.26B$2.32B$2.07B$1.94B
Investing cash flow -$265.56B-$163.40B$67.64B-$137.82B-$129.34B-$261.91B-$52.06B-$199.42B$28.25B-$89.20B
Financing cash flow $269.53B$63.45B-$25.57B-$126.26B$275.99B$596.64B$32.99B$34.16B$14.64B$98.27B
Dividends paid $16.62B$14.78B$13.46B$13.56B$12.86B$12.69B$12.34B$10.11B$8.99B$8.48B
Buybacks $31.59B$18.83B$9.82B$3.16B$18.41B$6.52B$24.00B$19.98B$15.41B$9.08B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000019617-26-000096.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50B 100B 150B 200B Revenue, FY2016: 96.6B Net income, FY2016: 24.7B Revenue, FY2017: 100.7B Net income, FY2017: 24.4B Revenue, FY2018: 108.8B Net income, FY2018: 32.5B Revenue, FY2019: 115.7B Net income, FY2019: 36.4B Revenue, FY2020: 120B Net income, FY2020: 29.1B Revenue, FY2021: 121.6B Net income, FY2021: 48.3B Revenue, FY2022: 128.7B Net income, FY2022: 37.7B Revenue, FY2023: 158.1B Net income, FY2023: 49.6B Revenue, FY2024: 177.6B Net income, FY2024: 58.5B Revenue, FY2025: 182.4B Net income, FY2025: 57B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $96.57B $100.70B $108.78B $115.72B $119.95B $121.65B $128.69B $158.10B $177.56B $182.45B
Gross profit — — — — — — — — — —
Net income $24.73B $24.44B $32.47B $36.43B $29.13B $48.30B $37.70B $49.60B $58.50B $57.00B

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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