Annual Income Statements for JPMorgan Chase & Co.
Annual Income Statements for JPMorgan Chase & Co.
This table shows JPMorgan Chase & Co.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for JPMorgan Chase & Co.
This table shows JPMorgan Chase & Co.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Consolidated Net Income / (Loss) |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Net Income / (Loss) Continuing Operations |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Total Pre-Tax Income |
|
13,237 |
15,967 |
17,586 |
16,733 |
11,326 |
17,293 |
23,435 |
16,978 |
17,375 |
18,408 |
18,284 |
Total Revenue |
|
34,547 |
38,349 |
41,307 |
39,874 |
38,574 |
41,934 |
50,200 |
42,654 |
42,768 |
45,310 |
44,912 |
Net Interest Income / (Expense) |
|
20,192 |
20,711 |
21,779 |
22,726 |
24,051 |
23,082 |
22,746 |
23,405 |
23,350 |
23,273 |
23,209 |
Total Interest Income |
|
33,054 |
37,004 |
41,644 |
44,556 |
47,384 |
47,438 |
48,513 |
50,416 |
47,566 |
46,853 |
48,241 |
Investment Securities Interest Income |
|
33,054 |
37,004 |
41,644 |
44,556 |
47,384 |
47,438 |
48,513 |
50,416 |
47,566 |
46,853 |
48,241 |
Total Interest Expense |
|
12,862 |
16,293 |
19,865 |
21,830 |
23,333 |
24,356 |
25,767 |
27,011 |
24,216 |
23,580 |
25,032 |
Total Non-Interest Income |
|
14,355 |
17,638 |
19,528 |
17,148 |
14,523 |
18,852 |
27,454 |
19,249 |
19,418 |
22,037 |
21,703 |
Other Service Charges |
|
9,377 |
9,242 |
12,005 |
9,885 |
9,906 |
10,474 |
18,883 |
11,046 |
11,894 |
12,282 |
12,109 |
Net Realized & Unrealized Capital Gains on Investments |
|
-874 |
-868 |
-900 |
-669 |
-743 |
-366 |
-547 |
-16 |
-92 |
-37 |
-54 |
Investment Banking Income |
|
1,418 |
1,649 |
1,513 |
1,722 |
1,635 |
1,954 |
2,304 |
2,231 |
2,421 |
2,178 |
2,499 |
Other Non-Interest Income |
|
4,434 |
7,615 |
6,910 |
6,210 |
3,725 |
6,790 |
6,814 |
5,988 |
5,195 |
7,614 |
7,149 |
Provision for Credit Losses |
|
2,288 |
2,275 |
2,899 |
1,384 |
2,762 |
1,884 |
3,052 |
3,111 |
2,631 |
3,305 |
2,849 |
Total Non-Interest Expense |
|
19,022 |
20,107 |
20,822 |
21,757 |
24,486 |
22,757 |
23,713 |
22,565 |
22,762 |
23,597 |
23,779 |
Salaries and Employee Benefits |
|
10,009 |
11,676 |
11,216 |
11,726 |
11,847 |
13,118 |
12,953 |
12,817 |
12,469 |
14,093 |
13,710 |
Net Occupancy & Equipment Expense |
|
3,527 |
3,299 |
3,337 |
3,583 |
3,617 |
3,632 |
3,695 |
3,705 |
3,825 |
3,880 |
3,968 |
Marketing Expense |
|
1,093 |
1,045 |
1,122 |
1,126 |
1,298 |
1,160 |
1,221 |
1,258 |
1,335 |
1,304 |
1,279 |
Other Operating Expenses |
|
4,393 |
4,087 |
5,147 |
5,322 |
7,724 |
4,847 |
5,844 |
4,785 |
5,133 |
4,320 |
4,822 |
Income Tax Expense |
|
2,229 |
3,345 |
3,114 |
3,582 |
2,019 |
3,874 |
5,286 |
4,080 |
3,370 |
3,765 |
3,297 |
Basic Earnings per Share |
|
$3.56 |
$4.11 |
$4.76 |
$4.33 |
$3.05 |
$4.45 |
$6.13 |
$4.38 |
$4.83 |
$5.08 |
$5.25 |
Weighted Average Basic Shares Outstanding |
|
2.97B |
2.97B |
2.94B |
2.93B |
2.94B |
2.91B |
2.89B |
2.86B |
2.87B |
2.82B |
2.79B |
Diluted Earnings per Share |
|
$3.58 |
$4.10 |
$4.75 |
$4.33 |
$3.05 |
$4.44 |
$6.12 |
$4.37 |
$4.82 |
$5.07 |
$5.24 |
Weighted Average Diluted Shares Outstanding |
|
2.97B |
2.97B |
2.95B |
2.93B |
2.94B |
2.91B |
2.89B |
2.87B |
2.88B |
2.82B |
2.79B |
Weighted Average Basic & Diluted Shares Outstanding |
|
2.94B |
2.92B |
2.91B |
2.89B |
2.88B |
2.87B |
2.85B |
2.82B |
2.80B |
2.78B |
2.75B |
Cash Dividends to Common per Share |
|
- |
$1.00 |
$1.00 |
$1.05 |
- |
$1.15 |
$1.15 |
$1.25 |
- |
$1.40 |
$1.40 |
Annual Cash Flow Statements for JPMorgan Chase & Co.
This table details how cash moves in and out of JPMorgan Chase & Co.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-11,940 |
-7,341 |
29,471 |
40,150 |
-152,511 |
-15,162 |
263,978 |
213,225 |
-173,600 |
56,917 |
-154,834 |
Net Cash From Operating Activities |
|
36,593 |
73,466 |
21,884 |
-10,827 |
15,614 |
4,092 |
-79,910 |
78,084 |
107,119 |
12,974 |
-42,012 |
Net Cash From Continuing Operating Activities |
|
36,593 |
73,466 |
21,884 |
-10,827 |
15,614 |
4,092 |
-79,910 |
78,084 |
107,119 |
12,974 |
-42,012 |
Net Income / (Loss) Continuing Operations |
|
21,745 |
24,442 |
24,733 |
24,441 |
32,474 |
36,431 |
29,131 |
48,334 |
37,676 |
49,552 |
58,471 |
Consolidated Net Income / (Loss) |
|
21,745 |
24,442 |
24,733 |
24,441 |
32,474 |
36,431 |
29,131 |
48,334 |
37,676 |
49,552 |
58,471 |
Provision For Loan Losses |
|
3,139 |
3,827 |
5,361 |
5,290 |
4,871 |
5,585 |
17,480 |
-9,256 |
6,389 |
9,320 |
10,678 |
Depreciation Expense |
|
4,759 |
4,940 |
5,478 |
6,179 |
7,791 |
8,368 |
8,614 |
7,932 |
7,051 |
7,512 |
7,938 |
Non-Cash Adjustments to Reconcile Net Income |
|
10,671 |
-750 |
3,712 |
10,893 |
-5,886 |
7,625 |
10,177 |
-4,827 |
23,317 |
2,758 |
-4,879 |
Changes in Operating Assets and Liabilities, net |
|
-3,721 |
41,007 |
-17,400 |
-57,630 |
-23,636 |
-53,917 |
-145,312 |
35,901 |
32,686 |
-56,168 |
-114,220 |
Net Cash From Investing Activities |
|
-165,636 |
106,980 |
-89,202 |
28,249 |
-199,420 |
-52,059 |
-261,912 |
-129,344 |
-137,819 |
67,643 |
-163,403 |
Net Cash From Continuing Investing Activities |
|
-165,636 |
106,980 |
-89,202 |
28,249 |
-199,420 |
-52,059 |
-261,912 |
-129,344 |
-137,819 |
67,643 |
-163,403 |
Purchase of Investment Securities |
|
-352,024 |
-182,267 |
-126,927 |
-169,871 |
-109,445 |
-260,611 |
-416,886 |
-371,585 |
-171,866 |
-146,300 |
-361,929 |
Sale and/or Maturity of Investments |
|
155,540 |
286,057 |
136,189 |
166,672 |
116,239 |
187,899 |
252,352 |
299,565 |
217,293 |
262,546 |
300,408 |
Net Increase in Fed Funds Sold |
|
30,848 |
3,190 |
-17,468 |
31,448 |
-123,201 |
72,396 |
-47,115 |
34,473 |
-54,278 |
39,740 |
-18,706 |
Other Investing Activities, net |
|
- |
- |
-80,996 |
- |
-83,013 |
-51,743 |
-50,263 |
-91,797 |
-128,968 |
-88,343 |
-83,176 |
Net Cash From Financing Activities |
|
118,228 |
-187,511 |
98,271 |
14,642 |
34,158 |
32,987 |
596,645 |
275,993 |
-126,257 |
-25,571 |
63,447 |
Net Cash From Continuing Financing Activities |
|
118,228 |
-187,511 |
98,271 |
14,642 |
34,158 |
32,987 |
596,645 |
275,993 |
-126,257 |
-25,571 |
63,447 |
Net Change in Deposits |
|
89,346 |
-88,678 |
97,336 |
57,022 |
26,728 |
101,002 |
602,765 |
293,764 |
-136,895 |
-32,196 |
3,299 |
Issuance of Debt |
|
78,515 |
21,783 |
83,070 |
72,811 |
90,138 |
61,085 |
83,124 |
90,182 |
78,442 |
75,417 |
117,354 |
Issuance of Preferred Equity |
|
8,847 |
5,893 |
0.00 |
1,258 |
1,696 |
5,000 |
4,500 |
7,350 |
0.00 |
0.00 |
2,500 |
Repayment of Debt |
|
-56,033 |
-67,247 |
-71,410 |
-83,079 |
-76,313 |
-98,171 |
-105,055 |
-54,932 |
-54,540 |
-66,814 |
-96,605 |
Repurchase of Preferred Equity |
|
- |
0.00 |
0.00 |
-1,258 |
-1,696 |
-4,075 |
-1,430 |
-2,575 |
-7,434 |
0.00 |
-9,850 |
Repurchase of Common Equity |
|
-4,760 |
-5,616 |
-9,082 |
-15,410 |
-19,983 |
-24,001 |
-6,517 |
-18,408 |
-3,162 |
-9,824 |
-18,830 |
Payment of Dividends |
|
-6,990 |
-7,873 |
-8,476 |
-8,993 |
-10,109 |
-12,343 |
-12,690 |
-12,858 |
-13,562 |
-13,463 |
-14,783 |
Other Financing Activities, Net |
|
9,303 |
-45,773 |
6,833 |
-7,709 |
23,697 |
4,490 |
31,948 |
-26,530 |
10,894 |
21,309 |
80,362 |
Effect of Exchange Rate Changes |
|
-1,125 |
-276 |
-1,482 |
8,086 |
-2,863 |
-182 |
9,155 |
-11,508 |
-16,643 |
1,871 |
-12,866 |
Cash Interest Paid |
|
8,194 |
7,220 |
9,508 |
14,153 |
21,152 |
29,918 |
13,077 |
5,142 |
23,143 |
77,114 |
99,642 |
Cash Income Taxes Paid |
|
1,392 |
9,423 |
2,405 |
4,325 |
3,542 |
6,224 |
8,140 |
18,737 |
4,355 |
9,908 |
11,715 |
Quarterly Cash Flow Statements for JPMorgan Chase & Co.
This table details how cash moves in and out of JPMorgan Chase & Co.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
-76,953 |
-21,234 |
-50,877 |
16,246 |
112,782 |
-62,035 |
-31,297 |
-96,559 |
35,057 |
-43,414 |
-5,576 |
Net Cash From Operating Activities |
|
101,222 |
-111,241 |
18,865 |
45,119 |
60,231 |
-154,158 |
38,469 |
-74,081 |
147,758 |
-251,839 |
29,547 |
Net Cash From Continuing Operating Activities |
|
101,222 |
-111,241 |
18,865 |
45,119 |
60,231 |
-154,158 |
38,469 |
-74,081 |
147,758 |
-251,839 |
29,547 |
Net Income / (Loss) Continuing Operations |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Consolidated Net Income / (Loss) |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Provision For Loan Losses |
|
2,288 |
2,275 |
2,899 |
1,384 |
2,762 |
1,884 |
3,052 |
3,111 |
2,631 |
3,305 |
2,849 |
Depreciation Expense |
|
1,671 |
1,649 |
507 |
2,019 |
3,337 |
2,004 |
2,002 |
1,967 |
1,965 |
2,030 |
2,210 |
Non-Cash Adjustments to Reconcile Net Income |
|
4,086 |
435 |
-1,601 |
-1,103 |
5,027 |
-1,862 |
-8,107 |
-2,776 |
7,866 |
-2,294 |
-3,072 |
Changes in Operating Assets and Liabilities, net |
|
82,169 |
-128,222 |
2,588 |
29,668 |
39,798 |
-169,603 |
23,373 |
-89,281 |
121,291 |
-269,523 |
12,573 |
Net Cash From Investing Activities |
|
-51,530 |
23,794 |
-18,243 |
-17,790 |
79,882 |
-43,379 |
-94,239 |
-43,405 |
17,620 |
-118,076 |
-173,060 |
Net Cash From Continuing Investing Activities |
|
-51,530 |
23,794 |
-18,243 |
-17,790 |
79,882 |
-43,379 |
-94,239 |
-43,405 |
17,620 |
-118,076 |
-173,060 |
Purchase of Investment Securities |
|
-59,830 |
-36,692 |
-41,221 |
-30,906 |
-37,481 |
-77,707 |
-72,608 |
-86,259 |
-125,355 |
-57,320 |
-122,673 |
Sale and/or Maturity of Investments |
|
54,654 |
64,060 |
62,573 |
64,142 |
71,771 |
87,823 |
66,004 |
69,123 |
77,458 |
89,857 |
57,682 |
Net Increase in Fed Funds Sold |
|
-13,537 |
-1,317 |
-8,499 |
-24,285 |
73,841 |
-54,371 |
-62,191 |
2,160 |
95,696 |
-134,479 |
-41,037 |
Other Investing Activities, net |
|
-32,817 |
-2,257 |
-31,096 |
-26,741 |
-28,249 |
876 |
-25,444 |
-28,429 |
-30,179 |
-16,134 |
-67,032 |
Net Cash From Financing Activities |
|
-142,344 |
64,557 |
-49,915 |
-4,316 |
-35,897 |
141,168 |
27,238 |
10,746 |
-115,705 |
318,059 |
122,804 |
Net Cash From Continuing Financing Activities |
|
-142,344 |
64,557 |
-49,915 |
-4,316 |
-35,897 |
141,168 |
27,238 |
10,746 |
-115,705 |
318,059 |
122,804 |
Net Change in Deposits |
|
-92,559 |
33,683 |
-61,465 |
-15,301 |
10,887 |
25,009 |
-32,221 |
29,478 |
-18,967 |
85,029 |
68,433 |
Issuance of Debt |
|
9,498 |
8,750 |
10,607 |
24,763 |
31,297 |
30,830 |
25,577 |
27,897 |
33,050 |
40,744 |
23,912 |
Repayment of Debt |
|
-12,257 |
-18,047 |
-17,091 |
-13,619 |
-18,057 |
-21,253 |
-25,457 |
-20,670 |
-29,225 |
-28,457 |
-22,364 |
Repurchase of Common Equity |
|
- |
-2,690 |
-2,477 |
-2,382 |
-2,275 |
-2,832 |
-5,336 |
-6,361 |
-4,301 |
-7,528 |
-7,506 |
Payment of Dividends |
|
-3,376 |
-3,374 |
-3,277 |
-3,386 |
-3,426 |
-3,493 |
-3,777 |
-3,655 |
-3,858 |
-3,823 |
-4,205 |
Other Financing Activities, Net |
|
-38,216 |
46,235 |
23,788 |
5,609 |
-54,323 |
110,407 |
74,452 |
-13,693 |
-90,804 |
232,094 |
64,534 |
Effect of Exchange Rate Changes |
|
15,699 |
1,656 |
-1,584 |
-6,767 |
8,566 |
-5,666 |
-2,765 |
10,181 |
-14,616 |
8,442 |
15,133 |
Cash Interest Paid |
|
12,068 |
15,287 |
19,963 |
20,525 |
21,339 |
22,864 |
25,662 |
26,268 |
24,848 |
23,587 |
24,350 |
Cash Income Taxes Paid |
|
4,129 |
1,382 |
4,084 |
75 |
4,367 |
1,585 |
6,025 |
1,260 |
2,845 |
1,651 |
3,034 |
Annual Balance Sheets for JPMorgan Chase & Co.
This table presents JPMorgan Chase & Co.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
2,572,274 |
2,351,698 |
2,490,972 |
2,533,600 |
2,622,532 |
2,687,379 |
3,384,757 |
3,743,567 |
3,665,743 |
3,875,393 |
4,002,814 |
Cash and Due from Banks |
|
27,831 |
20,490 |
23,873 |
25,898 |
22,324 |
21,704 |
24,874 |
26,438 |
27,697 |
29,066 |
23,372 |
Federal Funds Sold |
|
215,803 |
212,575 |
229,967 |
198,422 |
321,588 |
249,157 |
296,284 |
261,698 |
315,592 |
276,152 |
295,001 |
Interest Bearing Deposits at Other Banks |
|
484,477 |
340,015 |
365,762 |
405,406 |
256,469 |
241,927 |
502,735 |
714,396 |
539,537 |
595,085 |
445,945 |
Trading Account Securities |
|
857,427 |
733,387 |
757,598 |
736,914 |
787,537 |
860,144 |
1,253,760 |
1,311,878 |
1,270,330 |
1,312,595 |
1,538,650 |
Loans and Leases, Net of Allowance |
|
743,151 |
823,744 |
880,989 |
917,093 |
971,109 |
984,497 |
984,525 |
1,061,328 |
1,115,921 |
1,301,286 |
1,323,643 |
Loans and Leases |
|
757,336 |
837,299 |
894,765 |
930,697 |
984,554 |
997,620 |
1,012,853 |
1,077,714 |
1,135,647 |
1,323,706 |
1,347,988 |
Allowance for Loan and Lease Losses |
|
14,185 |
13,555 |
13,776 |
13,604 |
13,445 |
13,123 |
28,328 |
16,386 |
19,726 |
22,420 |
24,345 |
Accrued Investment Income |
|
70,079 |
46,605 |
52,330 |
67,729 |
73,200 |
72,861 |
90,503 |
102,570 |
125,189 |
107,363 |
101,223 |
Goodwill |
|
47,647 |
47,325 |
- |
- |
- |
- |
- |
- |
- |
- |
64,560 |
Other Assets |
|
109,534 |
112,180 |
112,076 |
113,587 |
121,022 |
177,935 |
151,539 |
181,498 |
182,884 |
159,308 |
178,197 |
Total Liabilities & Shareholders' Equity |
|
2,572,274 |
2,351,698 |
2,490,972 |
2,533,600 |
2,622,532 |
2,687,379 |
3,384,757 |
3,743,567 |
3,665,743 |
3,875,393 |
4,002,814 |
Total Liabilities |
|
2,340,547 |
2,104,125 |
2,236,782 |
2,277,907 |
2,366,017 |
2,426,049 |
3,105,403 |
3,449,440 |
3,373,411 |
3,547,515 |
3,658,056 |
Non-Interest Bearing Deposits |
|
1,363,427 |
1,279,715 |
1,375,179 |
1,443,982 |
1,470,666 |
1,562,431 |
2,144,257 |
2,462,303 |
2,340,179 |
2,400,688 |
2,406,032 |
Federal Funds Purchased and Securities Sold |
|
192,101 |
152,678 |
165,666 |
158,916 |
182,320 |
183,675 |
215,209 |
194,340 |
202,613 |
216,535 |
296,835 |
Short-Term Debt |
|
96,566 |
36,667 |
34,443 |
51,802 |
69,276 |
40,920 |
45,208 |
53,594 |
44,027 |
44,712 |
52,893 |
Other Short-Term Payables |
|
206,939 |
177,638 |
190,543 |
- |
196,710 |
210,407 |
231,285 |
262,755 |
300,141 |
290,307 |
280,672 |
Long-Term Debt |
|
276,379 |
288,651 |
295,245 |
284,080 |
282,031 |
291,498 |
281,685 |
301,005 |
295,865 |
391,825 |
401,418 |
Other Long-Term Liabilities |
|
205,135 |
168,776 |
175,706 |
339,127 |
165,014 |
137,118 |
187,759 |
175,443 |
190,586 |
203,448 |
220,206 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
231,727 |
247,573 |
254,190 |
255,693 |
256,515 |
261,330 |
279,354 |
294,127 |
292,332 |
327,878 |
344,758 |
Total Preferred & Common Equity |
|
231,727 |
247,573 |
254,190 |
255,693 |
256,515 |
261,330 |
279,354 |
294,127 |
292,332 |
327,878 |
344,758 |
Total Common Equity |
|
231,727 |
247,573 |
254,190 |
255,693 |
256,515 |
261,330 |
279,354 |
294,127 |
292,332 |
327,878 |
344,758 |
Common Stock |
|
97,354 |
96,584 |
95,711 |
94,663 |
93,246 |
92,606 |
92,499 |
92,520 |
93,149 |
94,233 |
95,016 |
Retained Earnings |
|
129,977 |
146,420 |
162,440 |
177,676 |
199,202 |
223,211 |
236,990 |
272,268 |
296,456 |
332,901 |
376,166 |
Treasury Stock |
|
-17,856 |
-21,691 |
-28,854 |
-42,595 |
-60,494 |
-83,049 |
-88,184 |
-105,415 |
-107,336 |
-116,217 |
-134,018 |
Accumulated Other Comprehensive Income / (Loss) |
|
2,189 |
192 |
-1,175 |
-119 |
-1,507 |
1,569 |
7,986 |
-84 |
-17,341 |
-10,443 |
-12,456 |
Other Equity Adjustments |
|
20,063 |
26,068 |
26,068 |
26,068 |
26,068 |
26,993 |
30,063 |
34,838 |
27,404 |
27,404 |
20,050 |
Quarterly Balance Sheets for JPMorgan Chase & Co.
This table presents JPMorgan Chase & Co.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
3,665,743 |
3,744,305 |
3,868,240 |
3,898,333 |
3,875,393 |
4,090,727 |
4,143,003 |
4,210,048 |
4,002,814 |
4,357,856 |
4,552,482 |
Cash and Due from Banks |
|
27,697 |
25,098 |
26,064 |
24,921 |
29,066 |
22,750 |
27,265 |
22,896 |
23,372 |
22,066 |
23,759 |
Federal Funds Sold |
|
315,592 |
317,111 |
325,628 |
350,059 |
276,152 |
330,559 |
392,763 |
390,821 |
295,001 |
429,506 |
470,589 |
Interest Bearing Deposits at Other Banks |
|
539,537 |
520,902 |
469,059 |
486,448 |
595,085 |
539,366 |
503,554 |
411,364 |
445,945 |
403,837 |
396,568 |
Trading Account Securities |
|
1,270,330 |
1,384,884 |
1,412,762 |
1,375,652 |
1,312,595 |
1,523,424 |
1,522,942 |
1,674,425 |
1,538,650 |
1,778,352 |
1,859,771 |
Loans and Leases, Net of Allowance |
|
1,115,921 |
1,108,843 |
1,278,089 |
1,288,113 |
1,301,286 |
1,287,265 |
1,297,709 |
1,316,062 |
1,323,643 |
1,330,487 |
1,387,039 |
Loans and Leases |
|
1,135,647 |
1,128,896 |
1,300,069 |
1,310,059 |
1,323,706 |
1,309,616 |
1,320,700 |
1,340,011 |
1,347,988 |
1,355,695 |
1,411,992 |
Allowance for Loan and Lease Losses |
|
19,726 |
20,053 |
21,980 |
21,946 |
22,420 |
22,351 |
22,991 |
23,949 |
24,345 |
25,208 |
24,953 |
Accrued Investment Income |
|
125,189 |
115,316 |
111,561 |
127,752 |
107,363 |
129,823 |
135,692 |
122,565 |
101,223 |
117,845 |
124,463 |
Goodwill |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
64,525 |
64,465 |
Other Assets |
|
182,884 |
181,795 |
151,346 |
150,801 |
159,308 |
162,887 |
167,971 |
175,935 |
178,197 |
178,427 |
192,266 |
Total Liabilities & Shareholders' Equity |
|
3,665,743 |
3,744,305 |
3,868,240 |
3,898,333 |
3,875,393 |
4,090,727 |
4,143,003 |
4,210,048 |
4,002,814 |
4,357,856 |
4,552,482 |
Total Liabilities |
|
3,373,411 |
3,441,223 |
3,555,724 |
3,580,962 |
3,547,515 |
3,754,090 |
3,802,451 |
3,864,212 |
3,658,056 |
4,006,436 |
4,195,558 |
Non-Interest Bearing Deposits |
|
2,340,179 |
2,377,253 |
2,398,962 |
2,379,526 |
2,400,688 |
2,428,409 |
2,396,530 |
2,430,772 |
2,406,032 |
2,495,877 |
2,562,380 |
Federal Funds Purchased and Securities Sold |
|
202,613 |
246,396 |
266,272 |
268,750 |
216,535 |
325,670 |
400,832 |
389,337 |
296,835 |
533,046 |
595,340 |
Short-Term Debt |
|
44,027 |
42,241 |
41,022 |
45,470 |
44,712 |
46,268 |
47,308 |
50,638 |
52,893 |
472,204 |
65,293 |
Other Short-Term Payables |
|
300,141 |
275,077 |
286,934 |
292,070 |
290,307 |
301,469 |
295,813 |
314,356 |
280,672 |
- |
303,641 |
Long-Term Debt |
|
295,865 |
295,489 |
364,078 |
362,793 |
391,825 |
395,872 |
394,028 |
410,157 |
401,418 |
- |
419,802 |
Other Long-Term Liabilities |
|
190,586 |
204,767 |
198,456 |
232,353 |
203,448 |
256,402 |
267,940 |
268,952 |
220,206 |
505,743 |
249,102 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
292,332 |
303,082 |
312,516 |
317,371 |
327,878 |
336,637 |
340,552 |
345,836 |
344,758 |
351,420 |
356,924 |
Total Preferred & Common Equity |
|
292,332 |
303,082 |
312,516 |
317,371 |
327,878 |
336,637 |
340,552 |
345,836 |
344,758 |
351,420 |
356,924 |
Total Common Equity |
|
292,332 |
303,082 |
312,516 |
317,371 |
327,878 |
336,637 |
340,552 |
345,836 |
344,758 |
331,375 |
356,924 |
Common Stock |
|
93,149 |
93,260 |
93,683 |
94,004 |
94,233 |
94,008 |
94,433 |
94,743 |
95,016 |
94,328 |
94,681 |
Retained Earnings |
|
296,456 |
306,208 |
317,359 |
327,044 |
332,901 |
342,414 |
356,924 |
365,966 |
376,166 |
386,616 |
397,424 |
Treasury Stock |
|
-107,336 |
-109,372 |
-111,640 |
-113,977 |
-116,217 |
-118,046 |
-123,367 |
-129,739 |
-134,018 |
-140,458 |
-147,983 |
Accumulated Other Comprehensive Income / (Loss) |
|
-17,341 |
-14,418 |
-14,290 |
-17,104 |
-10,443 |
-11,639 |
-11,338 |
-6,784 |
-12,456 |
-9,111 |
-7,243 |
Other Equity Adjustments |
|
27,404 |
27,404 |
27,404 |
27,404 |
27,404 |
29,900 |
23,900 |
21,650 |
20,050 |
- |
20,045 |
Annual Metrics And Ratios for JPMorgan Chase & Co.
This table displays calculated financial ratios and metrics derived from JPMorgan Chase & Co.'s official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-2.32% |
-1.65% |
3.23% |
4.28% |
8.02% |
6.38% |
3.66% |
1.42% |
5.79% |
22.85% |
12.30% |
EBITDA Growth |
|
10.87% |
0.52% |
12.27% |
5.16% |
15.39% |
9.64% |
-16.54% |
51.91% |
-21.15% |
29.89% |
20.10% |
EBIT Growth |
|
15.09% |
0.01% |
12.49% |
3.95% |
13.55% |
10.06% |
-20.17% |
66.30% |
-22.49% |
33.46% |
21.86% |
NOPAT Growth |
|
21.58% |
12.40% |
1.19% |
-1.18% |
32.87% |
12.19% |
-20.04% |
65.92% |
-22.05% |
31.52% |
18.00% |
Net Income Growth |
|
21.58% |
12.40% |
1.19% |
-1.18% |
32.87% |
12.19% |
-20.04% |
65.92% |
-22.05% |
31.52% |
18.00% |
EPS Growth |
|
21.89% |
13.42% |
3.17% |
1.94% |
42.63% |
19.11% |
-17.16% |
72.97% |
-21.29% |
34.24% |
21.69% |
Operating Cash Flow Growth |
|
-66.10% |
100.77% |
-70.21% |
-149.47% |
244.21% |
-73.79% |
-2,052.83% |
197.71% |
37.18% |
-87.89% |
-423.82% |
Free Cash Flow Firm Growth |
|
-51.07% |
412.04% |
-75.55% |
21.81% |
-3.09% |
211.24% |
-67.07% |
-64.80% |
825.33% |
-252.53% |
128.82% |
Invested Capital Growth |
|
7.04% |
-5.26% |
1.92% |
1.32% |
2.75% |
-2.32% |
2.11% |
7.01% |
-2.54% |
20.91% |
4.53% |
Revenue Q/Q Growth |
|
-1.21% |
0.14% |
1.46% |
0.18% |
1.31% |
2.39% |
0.65% |
-0.06% |
4.29% |
2.61% |
2.42% |
EBITDA Q/Q Growth |
|
-6.00% |
2.76% |
3.84% |
-0.56% |
2.17% |
4.13% |
10.65% |
-3.87% |
0.60% |
-0.35% |
5.97% |
EBIT Q/Q Growth |
|
-5.42% |
2.92% |
3.94% |
-1.17% |
1.46% |
4.78% |
13.61% |
-4.06% |
1.27% |
-3.01% |
8.76% |
NOPAT Q/Q Growth |
|
-1.41% |
2.10% |
5.52% |
-9.26% |
9.56% |
4.16% |
14.17% |
-3.47% |
1.64% |
-3.32% |
8.74% |
Net Income Q/Q Growth |
|
-1.41% |
2.10% |
5.52% |
-9.26% |
9.56% |
4.16% |
14.17% |
-3.47% |
1.64% |
-3.32% |
8.74% |
EPS Q/Q Growth |
|
-2.22% |
2.21% |
6.54% |
-9.08% |
11.39% |
5.62% |
16.08% |
-2.91% |
2.03% |
-3.16% |
9.84% |
Operating Cash Flow Q/Q Growth |
|
3,822.08% |
-14.62% |
958.87% |
-162.88% |
-40.67% |
105.32% |
-358.17% |
322.70% |
17.72% |
-75.96% |
67.57% |
Free Cash Flow Firm Q/Q Growth |
|
-15.68% |
85.64% |
62.54% |
-36.79% |
-55.97% |
166.11% |
-61.27% |
69.61% |
2.98% |
-61.96% |
187.49% |
Invested Capital Q/Q Growth |
|
2.17% |
-2.15% |
-2.77% |
-1.56% |
2.38% |
-2.62% |
2.36% |
1.54% |
1.42% |
5.34% |
-0.94% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
37.28% |
38.10% |
41.44% |
41.78% |
44.63% |
46.00% |
37.04% |
55.48% |
41.35% |
43.72% |
46.76% |
EBIT Margin |
|
32.28% |
32.82% |
35.76% |
35.65% |
37.47% |
38.77% |
29.86% |
48.96% |
35.87% |
38.97% |
42.29% |
Profit (Net Income) Margin |
|
22.86% |
26.13% |
25.61% |
24.27% |
29.85% |
31.48% |
24.29% |
39.73% |
29.28% |
31.34% |
32.93% |
Tax Burden Percent |
|
70.83% |
79.61% |
71.62% |
68.08% |
79.66% |
81.20% |
81.34% |
81.15% |
81.61% |
80.43% |
77.88% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
29.17% |
20.39% |
28.38% |
31.92% |
20.34% |
18.80% |
18.66% |
18.85% |
18.39% |
19.57% |
22.12% |
Return on Invested Capital (ROIC) |
|
3.72% |
4.15% |
4.28% |
4.16% |
5.42% |
6.06% |
4.86% |
7.70% |
5.88% |
7.10% |
7.48% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.72% |
4.15% |
4.28% |
4.16% |
5.42% |
6.06% |
4.86% |
7.70% |
5.88% |
7.10% |
7.48% |
Return on Net Nonoperating Assets (RNNOA) |
|
6.10% |
6.05% |
5.58% |
5.43% |
7.27% |
8.01% |
5.92% |
9.15% |
6.97% |
8.88% |
9.91% |
Return on Equity (ROE) |
|
9.82% |
10.20% |
9.86% |
9.59% |
12.68% |
14.07% |
10.78% |
16.86% |
12.85% |
15.98% |
17.39% |
Cash Return on Invested Capital (CROIC) |
|
-3.08% |
9.55% |
2.38% |
2.85% |
2.71% |
8.41% |
2.77% |
0.93% |
8.46% |
-11.83% |
3.05% |
Operating Return on Assets (OROA) |
|
1.23% |
1.25% |
1.43% |
1.43% |
1.58% |
1.69% |
1.18% |
1.67% |
1.25% |
1.63% |
1.91% |
Return on Assets (ROA) |
|
0.87% |
0.99% |
1.02% |
0.97% |
1.26% |
1.37% |
0.96% |
1.36% |
1.02% |
1.31% |
1.48% |
Return on Common Equity (ROCE) |
|
9.82% |
10.20% |
9.86% |
9.59% |
12.68% |
14.07% |
10.78% |
16.86% |
12.85% |
15.98% |
17.39% |
Return on Equity Simple (ROE_SIMPLE) |
|
9.38% |
9.87% |
9.73% |
9.56% |
12.66% |
13.94% |
10.43% |
16.43% |
12.89% |
15.11% |
16.96% |
Net Operating Profit after Tax (NOPAT) |
|
21,745 |
24,442 |
24,733 |
24,441 |
32,474 |
36,431 |
29,131 |
48,334 |
37,676 |
49,552 |
58,471 |
NOPAT Margin |
|
22.86% |
26.13% |
25.61% |
24.27% |
29.85% |
31.48% |
24.29% |
39.73% |
29.28% |
31.34% |
32.93% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
44.60% |
45.35% |
45.14% |
45.23% |
44.97% |
44.63% |
43.56% |
46.08% |
46.31% |
41.04% |
40.09% |
Operating Expenses to Revenue |
|
64.42% |
63.09% |
58.69% |
59.10% |
58.05% |
56.40% |
55.57% |
58.65% |
59.16% |
55.14% |
51.70% |
Earnings before Interest and Taxes (EBIT) |
|
30,699 |
30,702 |
34,536 |
35,900 |
40,764 |
44,866 |
35,815 |
59,562 |
46,166 |
61,612 |
75,081 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
35,458 |
35,642 |
40,014 |
42,079 |
48,555 |
53,234 |
44,429 |
67,494 |
53,217 |
69,124 |
83,019 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.76 |
0.77 |
0.98 |
1.20 |
1.07 |
1.46 |
1.25 |
1.47 |
1.27 |
1.46 |
1.95 |
Price to Tangible Book Value (P/TBV) |
|
0.96 |
0.96 |
1.25 |
1.52 |
1.36 |
1.83 |
1.55 |
1.82 |
1.60 |
1.81 |
2.40 |
Price to Revenue (P/Rev) |
|
1.84 |
2.04 |
2.58 |
3.04 |
2.52 |
3.29 |
2.91 |
3.56 |
2.88 |
3.02 |
3.78 |
Price to Earnings (P/E) |
|
8.07 |
7.80 |
10.08 |
13.57 |
8.93 |
10.45 |
12.00 |
8.96 |
9.85 |
9.64 |
11.48 |
Dividend Yield |
|
3.32% |
3.25% |
2.64% |
2.31% |
3.01% |
2.72% |
3.14% |
2.53% |
3.16% |
2.45% |
1.93% |
Earnings Yield |
|
12.39% |
12.83% |
9.93% |
7.37% |
11.20% |
9.57% |
8.33% |
11.17% |
10.15% |
10.37% |
8.71% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.00 |
0.02 |
0.04 |
0.34 |
0.00 |
0.00 |
0.00 |
0.02 |
0.45 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.12 |
0.23 |
1.73 |
0.00 |
0.00 |
0.00 |
0.09 |
2.04 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.30 |
0.52 |
3.76 |
0.00 |
0.00 |
0.00 |
0.20 |
4.35 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.35 |
0.61 |
4.47 |
0.00 |
0.00 |
0.00 |
0.23 |
4.81 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.51 |
0.77 |
5.50 |
0.00 |
0.00 |
0.00 |
0.28 |
6.18 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
1.60 |
48.96 |
0.00 |
0.00 |
0.00 |
1.08 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.74 |
1.54 |
3.97 |
0.00 |
0.00 |
0.00 |
0.00 |
15.17 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.61 |
1.31 |
1.30 |
1.31 |
1.37 |
1.27 |
1.17 |
1.21 |
1.16 |
1.33 |
1.32 |
Long-Term Debt to Equity |
|
1.19 |
1.17 |
1.16 |
1.11 |
1.10 |
1.12 |
1.01 |
1.02 |
1.01 |
1.20 |
1.16 |
Financial Leverage |
|
1.64 |
1.46 |
1.31 |
1.31 |
1.34 |
1.32 |
1.22 |
1.19 |
1.18 |
1.25 |
1.32 |
Leverage Ratio |
|
11.26 |
10.27 |
9.65 |
9.85 |
10.07 |
10.25 |
11.23 |
12.43 |
12.63 |
12.16 |
11.71 |
Compound Leverage Factor |
|
11.26 |
10.27 |
9.65 |
9.85 |
10.07 |
10.25 |
11.23 |
12.43 |
12.63 |
12.16 |
11.71 |
Debt to Total Capital |
|
61.68% |
56.79% |
56.47% |
56.78% |
57.80% |
55.99% |
53.92% |
54.66% |
53.76% |
57.11% |
56.86% |
Short-Term Debt to Total Capital |
|
15.97% |
6.40% |
5.90% |
8.76% |
11.40% |
6.89% |
7.46% |
8.26% |
6.96% |
5.85% |
6.62% |
Long-Term Debt to Total Capital |
|
45.71% |
50.39% |
50.57% |
48.02% |
46.40% |
49.09% |
46.46% |
46.40% |
46.80% |
51.26% |
50.24% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
38.32% |
43.21% |
43.53% |
43.22% |
42.20% |
44.01% |
46.08% |
45.34% |
46.24% |
42.89% |
43.15% |
Debt to EBITDA |
|
10.52 |
9.13 |
8.24 |
7.98 |
7.24 |
6.24 |
7.36 |
5.25 |
6.39 |
6.32 |
5.47 |
Net Debt to EBITDA |
|
-10.02 |
-6.95 |
-7.25 |
-6.98 |
-5.13 |
-3.39 |
-11.19 |
-9.60 |
-10.20 |
-6.71 |
-3.73 |
Long-Term Debt to EBITDA |
|
7.79 |
8.10 |
7.38 |
6.75 |
5.81 |
5.48 |
6.34 |
4.46 |
5.56 |
5.67 |
4.84 |
Debt to NOPAT |
|
17.15 |
13.31 |
13.33 |
13.74 |
10.82 |
9.12 |
11.22 |
7.34 |
9.02 |
8.81 |
7.77 |
Net Debt to NOPAT |
|
-16.33 |
-10.14 |
-11.72 |
-12.02 |
-7.67 |
-4.95 |
-17.06 |
-13.41 |
-14.41 |
-9.36 |
-5.30 |
Long-Term Debt to NOPAT |
|
12.71 |
11.81 |
11.94 |
11.62 |
8.68 |
8.00 |
9.67 |
6.23 |
7.85 |
7.91 |
6.87 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-18,018 |
56,223 |
13,746 |
16,744 |
16,227 |
50,505 |
16,632 |
5,855 |
54,178 |
-82,639 |
23,817 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-2.28 |
7.53 |
1.40 |
1.21 |
0.77 |
1.88 |
1.67 |
1.05 |
2.08 |
-1.02 |
0.24 |
Operating Cash Flow to Interest Expense |
|
4.63 |
9.84 |
2.23 |
-0.78 |
0.74 |
0.15 |
-8.02 |
14.06 |
4.10 |
0.16 |
-0.41 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.63 |
9.84 |
2.23 |
-0.78 |
0.74 |
0.15 |
-8.02 |
14.06 |
4.10 |
0.16 |
-0.41 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.04 |
0.05 |
Fixed Asset Turnover |
|
6.34 |
6.34 |
6.78 |
7.12 |
7.48 |
5.68 |
4.53 |
4.49 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
604,672 |
572,891 |
583,878 |
591,575 |
607,822 |
593,748 |
606,247 |
648,726 |
632,224 |
764,415 |
799,069 |
Invested Capital Turnover |
|
0.16 |
0.16 |
0.17 |
0.17 |
0.18 |
0.19 |
0.20 |
0.19 |
0.20 |
0.23 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
39,763 |
-31,781 |
10,987 |
7,697 |
16,247 |
-14,074 |
12,499 |
42,479 |
-16,502 |
132,191 |
34,654 |
Enterprise Value (EV) |
|
-179,695 |
-57,215 |
-40,722 |
12,447 |
25,034 |
200,341 |
-147,483 |
-215,054 |
-171,802 |
14,058 |
361,391 |
Market Capitalization |
|
175,471 |
190,547 |
249,192 |
306,291 |
274,108 |
380,711 |
349,517 |
432,879 |
371,132 |
477,824 |
671,398 |
Book Value per Share |
|
$61.99 |
$67.25 |
$71.04 |
$73.69 |
$77.14 |
$83.32 |
$91.65 |
$99.53 |
$99.66 |
$113.41 |
$122.46 |
Tangible Book Value per Share |
|
$48.92 |
$54.12 |
$55.88 |
$58.02 |
$60.79 |
$66.31 |
$74.12 |
$80.34 |
$78.91 |
$91.14 |
$99.53 |
Total Capital |
|
604,672 |
572,891 |
583,878 |
591,575 |
607,822 |
593,748 |
606,247 |
648,726 |
632,224 |
764,415 |
799,069 |
Total Debt |
|
372,945 |
325,318 |
329,688 |
335,882 |
351,307 |
332,418 |
326,893 |
354,599 |
339,892 |
436,537 |
454,311 |
Total Long-Term Debt |
|
276,379 |
288,651 |
295,245 |
284,080 |
282,031 |
291,498 |
281,685 |
301,005 |
295,865 |
391,825 |
401,418 |
Net Debt |
|
-355,166 |
-247,762 |
-289,914 |
-293,844 |
-249,074 |
-180,370 |
-497,000 |
-647,933 |
-542,934 |
-463,766 |
-310,007 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
372,945 |
325,318 |
329,688 |
335,882 |
351,307 |
332,418 |
326,893 |
354,599 |
339,892 |
436,537 |
454,311 |
Total Depreciation and Amortization (D&A) |
|
4,759 |
4,940 |
5,478 |
6,179 |
7,791 |
8,368 |
8,614 |
7,932 |
7,051 |
7,512 |
7,938 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$5.34 |
$6.05 |
$6.24 |
$6.35 |
$9.04 |
$10.75 |
$8.89 |
$15.39 |
$12.10 |
$16.25 |
$19.79 |
Adjusted Weighted Average Basic Shares Outstanding |
|
3.76B |
3.70B |
3.62B |
3.55B |
3.40B |
3.22B |
3.08B |
3.02B |
2.97B |
2.94B |
2.87B |
Adjusted Diluted Earnings per Share |
|
$5.29 |
$6.00 |
$6.19 |
$6.31 |
$9.00 |
$10.72 |
$8.88 |
$15.36 |
$12.09 |
$16.23 |
$19.75 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
3.80B |
3.73B |
3.65B |
3.58B |
3.41B |
3.23B |
3.09B |
3.03B |
2.97B |
2.94B |
2.88B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$10.75 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
3.73B |
3.67B |
3.57B |
3.43B |
3.27B |
3.07B |
3.05B |
2.95B |
2.94B |
2.88B |
2.80B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
21,745 |
24,442 |
24,733 |
24,441 |
32,474 |
36,431 |
29,131 |
48,334 |
37,676 |
49,552 |
58,471 |
Normalized NOPAT Margin |
|
22.86% |
26.13% |
25.61% |
24.27% |
29.85% |
31.48% |
24.29% |
39.73% |
29.28% |
31.34% |
32.93% |
Pre Tax Income Margin |
|
32.28% |
32.82% |
35.76% |
35.65% |
37.47% |
38.77% |
29.86% |
48.96% |
35.87% |
38.97% |
42.29% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.89 |
4.11 |
3.52 |
2.59 |
1.94 |
1.67 |
3.60 |
10.73 |
1.77 |
0.76 |
0.74 |
NOPAT to Interest Expense |
|
2.75 |
3.28 |
2.52 |
1.76 |
1.54 |
1.36 |
2.92 |
8.70 |
1.44 |
0.61 |
0.58 |
EBIT Less CapEx to Interest Expense |
|
3.89 |
4.11 |
3.52 |
2.59 |
1.94 |
1.67 |
3.60 |
10.73 |
1.77 |
0.76 |
0.74 |
NOPAT Less CapEx to Interest Expense |
|
2.75 |
3.28 |
2.52 |
1.76 |
1.54 |
1.36 |
2.92 |
8.70 |
1.44 |
0.61 |
0.58 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
32.15% |
32.21% |
34.27% |
36.79% |
31.13% |
33.88% |
43.56% |
26.60% |
36.00% |
27.17% |
25.28% |
Augmented Payout Ratio |
|
54.04% |
55.19% |
70.99% |
99.84% |
92.66% |
99.76% |
65.93% |
64.69% |
44.39% |
47.00% |
57.49% |
Quarterly Metrics And Ratios for JPMorgan Chase & Co.
This table displays calculated financial ratios and metrics derived from JPMorgan Chase & Co.'s official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
18.08% |
24.85% |
34.48% |
21.88% |
11.66% |
9.35% |
21.53% |
6.97% |
10.87% |
8.05% |
-10.53% |
EBITDA Growth |
|
2.19% |
48.25% |
42.98% |
36.16% |
-1.64% |
9.54% |
40.59% |
1.03% |
31.90% |
5.91% |
-19.43% |
EBIT Growth |
|
4.58% |
58.67% |
61.86% |
39.43% |
-14.44% |
8.30% |
33.26% |
1.46% |
53.41% |
6.45% |
-21.98% |
NOPAT Growth |
|
5.86% |
52.40% |
67.33% |
35.06% |
-15.45% |
6.31% |
25.41% |
-1.92% |
50.48% |
9.12% |
-17.42% |
Net Income Growth |
|
5.86% |
52.40% |
67.33% |
35.06% |
-15.45% |
6.31% |
25.41% |
-1.92% |
50.48% |
9.12% |
-17.42% |
EPS Growth |
|
7.19% |
55.89% |
72.10% |
38.78% |
-14.80% |
8.29% |
28.84% |
0.92% |
58.03% |
14.19% |
-14.38% |
Operating Cash Flow Growth |
|
18.95% |
-165.38% |
-71.42% |
347.85% |
-40.50% |
-38.58% |
103.92% |
-264.19% |
145.32% |
-63.36% |
-23.19% |
Free Cash Flow Firm Growth |
|
185.75% |
164.05% |
-346.69% |
-452.57% |
-546.69% |
-1,559.41% |
34.45% |
23.59% |
83.20% |
75.75% |
2.12% |
Invested Capital Growth |
|
-2.54% |
0.64% |
13.41% |
16.41% |
20.91% |
21.53% |
8.96% |
11.16% |
4.53% |
5.76% |
7.69% |
Revenue Q/Q Growth |
|
5.60% |
11.01% |
7.71% |
-3.47% |
-3.26% |
8.71% |
19.71% |
-15.03% |
0.27% |
5.94% |
-0.88% |
EBITDA Q/Q Growth |
|
8.25% |
18.16% |
2.71% |
3.64% |
-21.81% |
31.60% |
31.82% |
-25.52% |
2.09% |
5.68% |
0.27% |
EBIT Q/Q Growth |
|
10.30% |
20.62% |
10.14% |
-4.85% |
-32.31% |
52.68% |
35.52% |
-27.55% |
2.34% |
5.95% |
-0.67% |
NOPAT Q/Q Growth |
|
13.05% |
14.66% |
14.66% |
-9.13% |
-29.23% |
44.18% |
35.25% |
-28.93% |
8.58% |
4.56% |
2.35% |
Net Income Q/Q Growth |
|
13.05% |
14.66% |
14.66% |
-9.13% |
-29.23% |
44.18% |
35.25% |
-28.93% |
8.58% |
4.56% |
2.35% |
EPS Q/Q Growth |
|
14.74% |
14.53% |
15.85% |
-8.84% |
-29.56% |
45.57% |
37.84% |
-28.59% |
10.30% |
5.19% |
3.35% |
Operating Cash Flow Q/Q Growth |
|
656.04% |
-209.90% |
116.96% |
139.17% |
33.49% |
-355.94% |
124.95% |
-292.57% |
299.45% |
-270.44% |
111.73% |
Free Cash Flow Firm Q/Q Growth |
|
8.83% |
-68.98% |
-924.55% |
-26.66% |
-37.88% |
-1.35% |
62.97% |
-47.65% |
69.68% |
-46.27% |
-49.46% |
Invested Capital Q/Q Growth |
|
1.42% |
1.36% |
11.99% |
1.12% |
5.34% |
1.88% |
0.40% |
3.16% |
-0.94% |
3.07% |
2.23% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
43.15% |
45.94% |
43.80% |
47.03% |
38.01% |
46.02% |
50.67% |
44.42% |
45.22% |
45.11% |
45.63% |
EBIT Margin |
|
38.32% |
41.64% |
42.57% |
41.96% |
29.36% |
41.24% |
46.68% |
39.80% |
40.63% |
40.63% |
40.71% |
Profit (Net Income) Margin |
|
31.86% |
32.91% |
35.04% |
32.98% |
24.13% |
32.00% |
36.15% |
30.24% |
32.75% |
32.32% |
33.37% |
Tax Burden Percent |
|
83.16% |
79.05% |
82.29% |
78.59% |
82.17% |
77.60% |
77.44% |
75.97% |
80.60% |
79.55% |
81.97% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
16.84% |
20.95% |
17.71% |
21.41% |
17.83% |
22.40% |
22.56% |
24.03% |
19.40% |
20.45% |
18.03% |
Return on Invested Capital (ROIC) |
|
6.40% |
7.02% |
7.62% |
7.53% |
5.46% |
7.29% |
8.23% |
6.84% |
7.44% |
7.30% |
7.22% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.40% |
7.02% |
7.62% |
7.53% |
5.46% |
7.29% |
8.23% |
6.84% |
7.44% |
7.30% |
7.22% |
Return on Net Nonoperating Assets (RNNOA) |
|
7.58% |
8.21% |
9.57% |
9.25% |
6.84% |
8.89% |
10.66% |
8.97% |
9.85% |
9.70% |
9.59% |
Return on Equity (ROE) |
|
13.98% |
15.24% |
17.20% |
16.79% |
12.30% |
16.18% |
18.89% |
15.81% |
17.29% |
17.00% |
16.81% |
Cash Return on Invested Capital (CROIC) |
|
8.46% |
5.94% |
-5.48% |
-7.56% |
-11.83% |
-12.34% |
-1.37% |
-3.55% |
3.05% |
1.85% |
-0.44% |
Operating Return on Assets (OROA) |
|
1.33% |
1.47% |
1.62% |
1.69% |
1.23% |
1.70% |
1.99% |
1.70% |
1.83% |
1.74% |
1.64% |
Return on Assets (ROA) |
|
1.11% |
1.17% |
1.34% |
1.32% |
1.01% |
1.32% |
1.54% |
1.29% |
1.48% |
1.38% |
1.35% |
Return on Common Equity (ROCE) |
|
13.98% |
15.24% |
17.20% |
16.79% |
12.30% |
16.18% |
18.89% |
15.81% |
17.29% |
16.50% |
16.81% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
13.86% |
15.31% |
16.15% |
0.00% |
14.96% |
15.86% |
15.55% |
0.00% |
16.99% |
15.84% |
Net Operating Profit after Tax (NOPAT) |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
NOPAT Margin |
|
31.86% |
32.91% |
35.04% |
32.98% |
24.13% |
32.00% |
36.15% |
30.24% |
32.75% |
32.32% |
33.37% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
42.35% |
41.77% |
37.95% |
41.22% |
43.45% |
42.71% |
35.60% |
41.68% |
41.22% |
42.54% |
42.21% |
Operating Expenses to Revenue |
|
55.06% |
52.43% |
50.41% |
54.56% |
63.48% |
54.27% |
47.24% |
52.90% |
53.22% |
52.08% |
52.95% |
Earnings before Interest and Taxes (EBIT) |
|
13,237 |
15,967 |
17,586 |
16,733 |
11,326 |
17,293 |
23,435 |
16,978 |
17,375 |
18,408 |
18,284 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
14,908 |
17,616 |
18,093 |
18,752 |
14,663 |
19,297 |
25,437 |
18,945 |
19,340 |
20,438 |
20,494 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.27 |
1.22 |
1.32 |
1.29 |
1.46 |
1.70 |
1.70 |
1.72 |
1.95 |
2.06 |
2.25 |
Price to Tangible Book Value (P/TBV) |
|
1.60 |
1.53 |
1.66 |
1.62 |
1.81 |
2.10 |
2.09 |
2.12 |
2.40 |
2.55 |
2.74 |
Price to Revenue (P/Rev) |
|
2.88 |
2.70 |
2.80 |
2.65 |
3.02 |
3.54 |
3.39 |
3.44 |
3.78 |
3.77 |
4.57 |
Price to Earnings (P/E) |
|
9.85 |
8.78 |
8.61 |
7.97 |
9.64 |
11.37 |
10.69 |
11.09 |
11.48 |
11.42 |
14.18 |
Dividend Yield |
|
3.16% |
3.19% |
2.84% |
2.84% |
2.45% |
2.07% |
2.11% |
2.10% |
1.93% |
1.97% |
1.75% |
Earnings Yield |
|
10.15% |
11.40% |
11.62% |
12.54% |
10.37% |
8.79% |
9.35% |
9.02% |
8.71% |
8.76% |
7.05% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.02 |
0.16 |
0.12 |
0.29 |
0.45 |
0.39 |
0.47 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.09 |
0.75 |
0.56 |
1.34 |
2.04 |
1.76 |
2.25 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.20 |
1.72 |
1.22 |
2.96 |
4.35 |
3.78 |
5.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.23 |
1.94 |
1.39 |
3.36 |
4.81 |
4.18 |
5.57 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.28 |
2.42 |
1.77 |
4.31 |
6.18 |
5.34 |
7.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
1.08 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
15.17 |
21.45 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.16 |
1.11 |
1.30 |
1.29 |
1.33 |
1.31 |
1.30 |
1.33 |
1.32 |
1.34 |
1.36 |
Long-Term Debt to Equity |
|
1.01 |
0.97 |
1.17 |
1.14 |
1.20 |
1.18 |
1.16 |
1.19 |
1.16 |
0.00 |
1.18 |
Financial Leverage |
|
1.18 |
1.17 |
1.26 |
1.23 |
1.25 |
1.22 |
1.30 |
1.31 |
1.32 |
1.33 |
1.33 |
Leverage Ratio |
|
12.63 |
13.07 |
12.88 |
12.67 |
12.16 |
12.25 |
12.27 |
12.23 |
11.71 |
12.28 |
12.47 |
Compound Leverage Factor |
|
12.63 |
13.07 |
12.88 |
12.67 |
12.16 |
12.25 |
12.27 |
12.23 |
11.71 |
12.28 |
12.47 |
Debt to Total Capital |
|
53.76% |
52.70% |
56.45% |
56.26% |
57.11% |
56.77% |
56.44% |
57.13% |
56.86% |
57.33% |
57.61% |
Short-Term Debt to Total Capital |
|
6.96% |
6.59% |
5.72% |
6.27% |
5.85% |
5.94% |
6.05% |
6.28% |
6.62% |
57.33% |
7.75% |
Long-Term Debt to Total Capital |
|
46.80% |
46.11% |
50.73% |
50.00% |
51.26% |
50.83% |
50.39% |
50.85% |
50.24% |
0.00% |
49.86% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.43% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
46.24% |
47.30% |
43.55% |
43.74% |
42.89% |
43.23% |
43.56% |
42.87% |
43.15% |
40.23% |
42.39% |
Debt to EBITDA |
|
6.39 |
5.73 |
6.29 |
5.89 |
6.32 |
6.24 |
5.65 |
5.88 |
5.47 |
5.61 |
6.12 |
Net Debt to EBITDA |
|
-10.20 |
-8.91 |
-6.46 |
-6.53 |
-6.71 |
-6.36 |
-6.17 |
-4.65 |
-3.73 |
-4.55 |
-5.12 |
Long-Term Debt to EBITDA |
|
5.56 |
5.01 |
5.65 |
5.23 |
5.67 |
5.59 |
5.04 |
5.24 |
4.84 |
0.00 |
5.30 |
Debt to NOPAT |
|
9.02 |
8.04 |
8.47 |
7.97 |
8.81 |
8.78 |
8.17 |
8.57 |
7.77 |
7.91 |
8.58 |
Net Debt to NOPAT |
|
-14.41 |
-12.50 |
-8.69 |
-8.84 |
-9.36 |
-8.95 |
-8.93 |
-6.77 |
-5.30 |
-6.42 |
-7.18 |
Long-Term Debt to NOPAT |
|
7.85 |
7.03 |
7.61 |
7.08 |
7.91 |
7.86 |
7.29 |
7.63 |
6.87 |
0.00 |
7.43 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.91% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
27,510 |
8,534 |
-70,367 |
-89,126 |
-122,884 |
-124,546 |
-46,123 |
-68,099 |
-20,649 |
-30,204 |
-45,144 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
2.14 |
0.52 |
-3.54 |
-4.08 |
-5.27 |
-5.11 |
-1.79 |
-2.52 |
-0.85 |
-1.28 |
-1.80 |
Operating Cash Flow to Interest Expense |
|
7.87 |
-6.83 |
0.95 |
2.07 |
2.58 |
-6.33 |
1.49 |
-2.74 |
6.10 |
-10.68 |
1.18 |
Operating Cash Flow Less CapEx to Interest Expense |
|
7.87 |
-6.83 |
0.95 |
2.07 |
2.58 |
-6.33 |
1.49 |
-2.74 |
6.10 |
-10.68 |
1.18 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
0.00 |
4.94 |
5.22 |
5.42 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
632,224 |
640,812 |
717,616 |
725,634 |
764,415 |
778,777 |
781,888 |
806,631 |
799,069 |
823,624 |
842,019 |
Invested Capital Turnover |
|
0.20 |
0.21 |
0.22 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.22 |
Increase / (Decrease) in Invested Capital |
|
-16,502 |
4,088 |
84,839 |
102,277 |
132,191 |
137,965 |
64,272 |
80,997 |
34,654 |
44,847 |
60,131 |
Enterprise Value (EV) |
|
-171,802 |
-156,688 |
-3,889 |
-44,569 |
14,058 |
122,003 |
95,377 |
231,991 |
361,391 |
318,526 |
396,003 |
Market Capitalization |
|
371,132 |
368,693 |
411,762 |
408,596 |
477,824 |
572,538 |
577,623 |
596,277 |
671,398 |
681,686 |
801,824 |
Book Value per Share |
|
$99.66 |
$102.97 |
$106.94 |
$109.21 |
$113.41 |
$115.75 |
$118.59 |
$121.55 |
$122.46 |
$118.51 |
$128.43 |
Tangible Book Value per Share |
|
$78.91 |
$81.88 |
$84.96 |
$86.87 |
$91.14 |
$93.62 |
$96.12 |
$98.90 |
$99.53 |
$95.44 |
$105.24 |
Total Capital |
|
632,224 |
640,812 |
717,616 |
725,634 |
764,415 |
778,777 |
781,888 |
806,631 |
799,069 |
823,624 |
842,019 |
Total Debt |
|
339,892 |
337,730 |
405,100 |
408,263 |
436,537 |
442,140 |
441,336 |
460,795 |
454,311 |
472,204 |
485,095 |
Total Long-Term Debt |
|
295,865 |
295,489 |
364,078 |
362,793 |
391,825 |
395,872 |
394,028 |
410,157 |
401,418 |
0.00 |
419,802 |
Net Debt |
|
-542,934 |
-525,381 |
-415,651 |
-453,165 |
-463,766 |
-450,535 |
-482,246 |
-364,286 |
-310,007 |
-383,205 |
-405,821 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
339,892 |
337,730 |
405,100 |
408,263 |
436,537 |
442,140 |
441,336 |
460,795 |
454,311 |
472,204 |
485,095 |
Total Depreciation and Amortization (D&A) |
|
1,671 |
1,649 |
507 |
2,019 |
3,337 |
2,004 |
2,002 |
1,967 |
1,965 |
2,030 |
2,210 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$3.56 |
$4.11 |
$4.76 |
$4.33 |
$3.05 |
$4.45 |
$6.13 |
$4.38 |
$4.83 |
$5.08 |
$5.25 |
Adjusted Weighted Average Basic Shares Outstanding |
|
2.97B |
2.97B |
2.94B |
2.93B |
2.94B |
2.91B |
2.89B |
2.86B |
2.87B |
2.82B |
2.79B |
Adjusted Diluted Earnings per Share |
|
$3.58 |
$4.10 |
$4.75 |
$4.33 |
$3.05 |
$4.44 |
$6.12 |
$4.37 |
$4.82 |
$5.07 |
$5.24 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
2.97B |
2.97B |
2.95B |
2.93B |
2.94B |
2.91B |
2.89B |
2.87B |
2.88B |
2.82B |
2.79B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
2.94B |
2.92B |
2.91B |
2.89B |
2.88B |
2.87B |
2.85B |
2.82B |
2.80B |
2.78B |
2.75B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
11,008 |
12,622 |
14,472 |
13,151 |
9,307 |
13,419 |
18,149 |
12,898 |
14,005 |
14,643 |
14,987 |
Normalized NOPAT Margin |
|
31.86% |
32.91% |
35.04% |
32.98% |
24.13% |
32.00% |
36.15% |
30.24% |
32.75% |
32.32% |
33.37% |
Pre Tax Income Margin |
|
38.32% |
41.64% |
42.57% |
41.96% |
29.36% |
41.24% |
46.68% |
39.80% |
40.63% |
40.63% |
40.71% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.03 |
0.98 |
0.89 |
0.77 |
0.49 |
0.71 |
0.91 |
0.63 |
0.72 |
0.78 |
0.73 |
NOPAT to Interest Expense |
|
0.86 |
0.77 |
0.73 |
0.60 |
0.40 |
0.55 |
0.70 |
0.48 |
0.58 |
0.62 |
0.60 |
EBIT Less CapEx to Interest Expense |
|
1.03 |
0.98 |
0.89 |
0.77 |
0.49 |
0.71 |
0.91 |
0.63 |
0.72 |
0.78 |
0.73 |
NOPAT Less CapEx to Interest Expense |
|
0.86 |
0.77 |
0.73 |
0.60 |
0.40 |
0.55 |
0.70 |
0.48 |
0.58 |
0.62 |
0.60 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
36.00% |
32.14% |
28.09% |
26.17% |
27.17% |
26.98% |
26.07% |
26.69% |
25.28% |
25.32% |
27.49% |
Augmented Payout Ratio |
|
44.39% |
40.23% |
38.89% |
40.90% |
47.00% |
46.77% |
49.80% |
57.94% |
57.49% |
64.73% |
72.94% |
Key Financial Trends
JPMorgan Chase & Co. has demonstrated steady financial performance over the past four years, reflecting its status as a leading global financial institution. Below are key observations and trends derived from the analysis of their detailed quarterly data spanning from 2021 to Q2 2025.
- Consistent Net Income Growth: Net income has steadily increased from approximately $11 billion in Q4 2022 to $15 billion in Q2 2025, illustrating robust profitability growth.
- Strong Operating Cash Flow: Net cash generated from continuing operating activities shows a generally increasing trend, reaching about $29.5 billion in Q2 2025, indicating strong operational efficiency and cash generation.
- Increasing Total Assets: Total assets have expanded from about $3.7 trillion in Q1 2021 to nearly $4.55 trillion by Q2 2025, highlighting JPMorgan's growing scale and market presence.
- Deposit Growth: Non-interest and interest-bearing deposits have both shown overall growth, supporting stable funding for the bank’s lending and investment activities.
- Modest Dividend Growth: The quarterly cash dividends per share have increased from $0.90 in early 2021 to $1.40 by 2025, reflecting management’s confidence in sustainable earnings.
- Fluctuating Provision for Loan Losses: Provisions vary by quarter, impacted by changing economic conditions, but remain within manageable ranges relative to loans outstanding.
- Variable Net Realized and Unrealized Capital Gains/Losses: Capital gains/losses on investments show modest fluctuations, typical for a diversified investment portfolio amid market changes.
- Rising Interest Expense: Interest expense has increased over the period, rising to $25 billion in Q2 2025 from under $13 billion in late 2022, likely due to higher debt costs or increased borrowings.
- Increased Debt Levels: Both short-term and long-term debt have increased, with notable issuance and repayments, potentially impacting interest costs and financial leverage.
- Large Fluctuations in Investment Securities Purchases and Sales: JPMorgan’s cash flows from investing activities show significant outflows and inflows, highlighting active portfolio management but potentially higher risks related to market volatility.
Summary: JPMorgan Chase & Co. exhibits solid growth in profitability, asset base, and operational cash flow over the past four years. The bank is increasing dividends, indicating shareholder value focus. However, investors should watch rising interest expenses and leverage as well as fluctuations in credit loss provisions and trading-related gains/losses, which may introduce short-term volatility. Overall, fundamental financial health appears strong with evidence of prudent management navigating ongoing economic conditions.
10/03/25 02:21 AM ETAI Generated. May Contain Errors.