JPMorgan Chase & Co. (JPM) Financials

$292.46 +3.09 (+1.07%)

As of 10:38 AM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	24,442	24,733	22,567	30,709	36,431	29,131	48,334	37,676	49,552	58,471
Consolidated Net Income / (Loss)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
Net Income / (Loss) Continuing Operations	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
Total Pre-Tax Income	30,702	34,536	35,900	40,764	44,866	35,815	59,562	46,166	61,612	75,081
Total Revenue	93,543	96,569	100,705	108,783	115,720	119,951	121,649	128,695	158,104	177,556
Net Interest Income / (Expense)	43,510	46,083	50,097	55,059	57,245	54,563	52,311	66,710	89,267	92,583
Total Interest Income	50,973	55,901	63,971	76,100	84,040	64,523	57,864	92,807	170,588	193,933
Investment Securities Interest Income	50,973	55,901	63,971	76,100	84,040	64,523	57,864	92,807	170,588	193,933
Total Interest Expense	7,463	9,818	13,874	21,041	26,795	9,960	5,553	26,097	81,321	101,350
Total Non-Interest Income	50,033	50,486	50,608	53,724	58,475	65,388	69,338	61,985	68,837	84,973
Other Service Charges	17,163	16,843	14,012	17,717	19,790	18,902	40,163	37,767	41,038	52,297
Net Realized & Unrealized Capital Gains on Investments	202	141	-66	-395	258	802	-345	-2,380	-3,180	-1,021
Investment Banking Income	6,751	6,572	7,412	7,550	7,501	9,486	13,216	6,686	6,519	8,910
Other Non-Interest Income	10,408	11,566	11,347	12,059	14,018	18,021	16,304	19,912	24,460	24,787
Provision for Credit Losses	3,827	5,361	5,290	4,871	5,585	17,480	-9,256	6,389	9,320	10,678
Total Non-Interest Expense	59,014	56,672	59,515	63,148	65,269	66,656	71,343	76,140	87,172	91,797
Salaries and Employee Benefits	29,750	30,203	31,208	33,117	34,155	34,988	38,567	41,636	46,465	51,357
Net Occupancy & Equipment Expense	9,961	10,491	11,438	12,754	14,143	14,787	14,457	14,054	13,836	14,857
Marketing Expense	2,708	2,897	2,900	3,044	3,351	2,476	3,036	3,911	4,591	4,974
Other Operating Expenses	16,595	13,081	13,969	14,233	13,620	14,405	15,283	16,539	22,280	20,609
Income Tax Expense	6,260	9,803	11,459	8,290	8,435	6,684	11,228	8,490	12,060	16,610
Basic Earnings per Share	$6.05	$6.24	$6.35	$9.04	$10.75	$8.89	$15.39	$12.10	$16.25	$19.79
Weighted Average Basic Shares Outstanding	3.74B	3.66B	3.55B	3.40B	3.22B	3.08B	3.02B	2.97B	2.94B	2.87B
Diluted Earnings per Share	$6.00	$6.19	$6.31	$9.00	$10.72	$8.88	$15.36	$12.09	$16.23	$19.75
Weighted Average Diluted Shares Outstanding	3.77B	3.69B	3.58B	3.41B	3.23B	3.09B	3.03B	2.97B	2.94B	2.88B
Weighted Average Basic & Diluted Shares Outstanding	3.70B	3.66B	3.55B	3.40B	3.07B	3.05B	2.95B	2.94B	2.88B	2.80B
Cash Dividends to Common per Share	$1.72	$1.88	$2.12	$2.72	$3.40	$3.60	$3.80	$4.00	$4.10	$4.80

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Consolidated Net Income / (Loss)	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Net Income / (Loss) Continuing Operations	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Total Pre-Tax Income	12,001	13,237	15,967	17,586	16,733	11,326	17,293	23,435	16,978	17,375	18,408
Total Revenue	32,716	34,547	38,349	41,307	39,874	38,574	41,934	50,200	42,654	42,768	45,310
Net Interest Income / (Expense)	17,518	20,192	20,711	21,779	22,726	24,051	23,082	22,746	23,405	23,350	23,273
Total Interest Income	25,611	33,054	37,004	41,644	44,556	47,384	47,438	48,513	50,416	47,566	46,853
Investment Securities Interest Income	25,611	33,054	37,004	41,644	44,556	47,384	47,438	48,513	50,416	47,566	46,853
Total Interest Expense	8,093	12,862	16,293	19,865	21,830	23,333	24,356	25,767	27,011	24,216	23,580
Total Non-Interest Income	15,198	14,355	17,638	19,528	17,148	14,523	18,852	27,454	19,249	19,418	22,037
Other Service Charges	9,100	9,377	9,242	12,005	9,885	9,906	10,474	18,883	11,046	11,894	12,282
Net Realized & Unrealized Capital Gains on Investments	-959	-874	-868	-900	-669	-743	-366	-547	-16	-92	-37
Investment Banking Income	1,674	1,418	1,649	1,513	1,722	1,635	1,954	2,304	2,231	2,421	2,178
Other Non-Interest Income	5,383	4,434	7,615	6,910	6,210	3,725	6,790	6,814	5,988	5,195	7,614
Provision for Credit Losses	1,537	2,288	2,275	2,899	1,384	2,762	1,884	3,052	3,111	2,631	3,305
Total Non-Interest Expense	19,178	19,022	20,107	20,822	21,757	24,486	22,757	23,713	22,565	22,762	23,597
Salaries and Employee Benefits	10,539	10,009	11,676	11,216	11,726	11,847	13,118	12,953	12,817	12,469	14,093
Net Occupancy & Equipment Expense	3,528	3,527	3,299	3,337	3,583	3,617	3,632	3,695	3,705	3,825	3,880
Marketing Expense	1,017	1,093	1,045	1,122	1,126	1,298	1,160	1,221	1,258	1,335	1,304
Other Operating Expenses	4,094	4,393	4,087	5,147	5,322	7,724	4,847	5,844	4,785	5,133	4,320
Income Tax Expense	2,264	2,229	3,345	3,114	3,582	2,019	3,874	5,286	4,080	3,370	3,765
Basic Earnings per Share	$3.13	$3.56	$4.11	$4.76	$4.33	$3.05	$4.45	$6.13	$4.38	$4.83	$5.08
Weighted Average Basic Shares Outstanding	2.96B	2.97B	2.97B	2.94B	2.93B	2.94B	2.91B	2.89B	2.86B	2.87B	2.82B
Diluted Earnings per Share	$3.12	$3.58	$4.10	$4.75	$4.33	$3.05	$4.44	$6.12	$4.37	$4.82	$5.07
Weighted Average Diluted Shares Outstanding	2.97B	2.97B	2.97B	2.95B	2.93B	2.94B	2.91B	2.89B	2.87B	2.88B	2.82B
Weighted Average Basic & Diluted Shares Outstanding	2.93B	2.94B	2.92B	2.91B	2.89B	2.88B	2.87B	2.85B	2.82B	2.80B	2.78B
Cash Dividends to Common per Share	$1.00	-	$1.00	$1.00	$1.05	-	$1.15	$1.15	$1.25	-	$1.40

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-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	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	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	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
Consolidated Net Income / (Loss)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
Provision For Loan Losses	3,827	5,361	5,290	4,871	5,585	17,480	-9,256	6,389	9,320	10,678
Depreciation Expense	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	-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	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	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	106,980	-89,202	28,249	-199,420	-52,059	-261,912	-129,344	-137,819	67,643	-163,403
Purchase of Investment Securities	-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	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	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	-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	-187,511	98,271	14,642	34,158	32,987	596,645	275,993	-126,257	-25,571	63,447
Net Change in Deposits	-88,678	97,336	57,022	26,728	101,002	602,765	293,764	-136,895	-32,196	3,299
Issuance of Debt	21,783	83,070	72,811	90,138	61,085	83,124	90,182	78,442	75,417	117,354
Issuance of Preferred Equity	5,893	0.00	1,258	1,696	5,000	4,500	7,350	0.00	0.00	2,500
Repayment of Debt	-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	-5,616	-9,082	-15,410	-19,983	-24,001	-6,517	-18,408	-3,162	-9,824	-18,830
Payment of Dividends	-7,873	-8,476	-8,993	-10,109	-12,343	-12,690	-12,858	-13,562	-13,463	-14,783
Other Financing Activities, Net	-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	-276	-1,482	8,086	-2,863	-182	9,155	-11,508	-16,643	1,871	-12,866
Cash Interest Paid	7,220	9,508	14,153	21,152	29,918	13,077	5,142	23,143	77,114	99,642
Cash Income Taxes Paid	9,423	2,405	4,325	3,542	6,224	8,140	18,737	4,355	9,908	11,715

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-25,073	-76,953	-21,234	-50,877	16,246	112,782	-62,035	-31,297	-96,559	35,057	-43,414
Net Cash From Operating Activities	-18,204	101,222	-111,241	18,865	45,119	60,231	-154,158	38,469	-74,081	147,758	-251,839
Net Cash From Continuing Operating Activities	-18,204	101,222	-111,241	18,865	45,119	60,231	-154,158	38,469	-74,081	147,758	-251,839
Net Income / (Loss) Continuing Operations	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Consolidated Net Income / (Loss)	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Provision For Loan Losses	1,537	2,288	2,275	2,899	1,384	2,762	1,884	3,052	3,111	2,631	3,305
Depreciation Expense	1,771	1,671	1,649	507	2,019	3,337	2,004	2,002	1,967	1,965	2,030
Non-Cash Adjustments to Reconcile Net Income	4,438	4,086	435	-1,601	-1,103	5,027	-1,862	-8,107	-2,776	7,866	-2,294
Changes in Operating Assets and Liabilities, net	-35,687	82,169	-128,222	2,588	29,668	39,798	-169,603	23,373	-89,281	121,291	-269,523
Net Cash From Investing Activities	39,522	-51,530	23,794	-18,243	-17,790	79,882	-43,379	-94,239	-43,405	17,620	-118,076
Net Cash From Continuing Investing Activities	39,522	-51,530	23,794	-18,243	-17,790	79,882	-43,379	-94,239	-43,405	17,620	-118,076
Purchase of Investment Securities	-13,593	-59,830	-36,692	-41,221	-30,906	-37,481	-77,707	-72,608	-86,259	-125,355	-57,320
Sale and/or Maturity of Investments	61,372	54,654	64,060	62,573	64,142	71,771	87,823	66,004	69,123	77,458	89,857
Net Increase in Fed Funds Sold	20,092	-13,537	-1,317	-8,499	-24,285	73,841	-54,371	-62,191	2,160	95,696	-134,479
Other Investing Activities, net	-28,349	-32,817	-2,257	-31,096	-26,741	-28,249	876	-25,444	-28,429	-30,179	-16,134
Net Cash From Financing Activities	-32,883	-142,344	64,557	-49,915	-4,316	-35,897	141,168	27,238	10,746	-115,705	318,059
Net Cash From Continuing Financing Activities	-32,883	-142,344	64,557	-49,915	-4,316	-35,897	141,168	27,238	10,746	-115,705	318,059
Net Change in Deposits	-50,177	-92,559	33,683	-61,465	-15,301	10,887	25,009	-32,221	29,478	-18,967	85,029
Issuance of Debt	17,449	9,498	8,750	10,607	24,763	31,297	30,830	25,577	27,897	33,050	40,744
Issuance of Preferred Equity	-	-	0.00	-	-	-	2,500	-	-	-	3,000
Repayment of Debt	-16,292	-12,257	-18,047	-17,091	-13,619	-18,057	-21,253	-25,457	-20,670	-29,225	-28,457
Repurchase of Preferred Equity	-	-5,434	-	-	-	-	-	-	-2,250	-1,600	-3,000
Repurchase of Common Equity	-	-	-2,690	-2,477	-2,382	-2,275	-2,832	-5,336	-6,361	-4,301	-7,528
Payment of Dividends	-3,412	-3,376	-3,374	-3,277	-3,386	-3,426	-3,493	-3,777	-3,655	-3,858	-3,823
Other Financing Activities, Net	19,549	-38,216	46,235	23,788	5,609	-54,323	110,407	74,452	-13,693	-90,804	232,094
Effect of Exchange Rate Changes	-13,508	15,699	1,656	-1,584	-6,767	8,566	-5,666	-2,765	10,181	-14,616	8,442
Cash Interest Paid	6,618	12,068	15,287	19,963	20,525	21,339	22,864	25,662	26,268	24,848	23,587
Cash Income Taxes Paid	-2,874	4,129	1,382	4,084	75	4,367	1,585	6,025	1,260	2,845	1,651

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	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	20,490	23,873	25,898	22,324	21,704	24,874	26,438	27,697	29,066	23,372
Federal Funds Sold	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	340,015	365,762	405,406	256,469	241,927	502,735	714,396	539,537	595,085	445,945
Trading Account Securities	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	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	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	13,555	13,776	13,604	13,445	13,123	28,328	16,386	19,726	22,420	24,345
Accrued Investment Income	46,605	52,330	67,729	73,200	72,861	90,503	102,570	125,189	107,363	101,223
Intangible Assets	1,015	54,246	54,392	54,349	53,341	53,428	56,691	60,859	64,381	64,560
Other Assets	112,180	112,076	113,587	121,022	177,935	151,539	181,498	182,884	159,308	178,197
Total Liabilities & Shareholders' Equity	2,351,698	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	2,104,125	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	1,279,715	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	152,678	165,666	158,916	182,320	183,675	215,209	194,340	202,613	216,535	296,835
Short-Term Debt	36,667	34,443	51,802	69,276	40,920	45,208	53,594	44,027	44,712	52,893
Other Short-Term Payables	177,638	190,543	-	196,710	210,407	231,285	262,755	300,141	290,307	280,672
Long-Term Debt	288,651	295,245	284,080	282,031	291,498	281,685	301,005	295,865	391,825	401,418
Other Long-Term Liabilities	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
Total Equity & Noncontrolling Interests	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758
Total Preferred & Common Equity	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758
Total Common Equity	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758
Common Stock	96,584	95,711	94,663	93,246	92,606	92,499	92,520	93,149	94,233	95,016
Retained Earnings	146,420	162,440	177,676	199,202	223,211	236,990	272,268	296,456	332,901	376,166
Treasury Stock	-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)	192	-1,175	-119	-1,507	1,569	7,986	-84	-17,341	-10,443	-12,456
Other Equity Adjustments	26,068	26,068	26,068	26,068	26,993	30,063	34,838	27,404	27,404	20,050

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	3,773,884	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
Cash and Due from Banks	24,654	27,697	25,098	26,064	24,921	29,066	22,750	27,265	22,896	23,372	22,066
Federal Funds Sold	301,878	315,592	317,111	325,628	350,059	276,152	330,559	392,763	390,821	295,001	429,506
Interest Bearing Deposits at Other Banks	619,533	539,537	520,902	469,059	486,448	595,085	539,366	503,554	411,364	445,945	403,837
Trading Account Securities	1,317,949	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
Loans and Leases, Net of Allowance	1,094,448	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
Loans and Leases	1,112,633	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
Allowance for Loan and Lease Losses	18,185	19,726	20,053	21,980	21,946	22,420	22,351	22,991	23,949	24,345	25,208
Accrued Investment Income	143,905	125,189	115,316	111,561	127,752	107,363	129,823	135,692	122,565	101,223	117,845
Premises and Equipment, Net	27,199	-	28,266	29,493	29,677	-	-	-	-	-	32,811
Goodwill	-	-	-	-	-	-	-	-	-	-	64,525
Other Assets	183,512	182,884	181,795	151,346	150,801	159,308	162,887	167,971	175,935	178,197	178,427
Total Liabilities & Shareholders' Equity	3,773,884	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
Total Liabilities	3,485,866	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
Non-Interest Bearing Deposits	2,408,615	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
Federal Funds Purchased and Securities Sold	239,939	202,613	246,396	266,272	268,750	216,535	325,670	400,832	389,337	296,835	533,046
Short-Term Debt	47,866	44,027	42,241	41,022	45,470	44,712	46,268	47,308	50,638	52,893	472,204
Other Long-Term Liabilities	201,957	190,586	204,767	198,456	232,353	203,448	256,402	267,940	268,952	220,206	505,743
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	288,018	292,332	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	351,420
Total Preferred & Common Equity	288,018	292,332	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	351,420
Preferred Stock	-	-	-	-	-	-	-	-	-	-	20,045
Total Common Equity	288,018	292,332	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	331,375
Common Stock	92,970	93,149	93,260	93,683	94,004	94,233	94,008	94,433	94,743	95,016	94,328
Retained Earnings	288,776	296,456	306,208	317,359	327,044	332,901	342,414	356,924	365,966	376,166	386,616
Treasury Stock	-107,432	-107,336	-109,372	-111,640	-113,977	-116,217	-118,046	-123,367	-129,739	-134,018	-140,458
Accumulated Other Comprehensive Income / (Loss)	-19,134	-17,341	-14,418	-14,290	-17,104	-10,443	-11,639	-11,338	-6,784	-12,456	-9,111

This table displays calculated financial ratios and metrics derived from JPMorgan Chase & Co.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.65%	3.23%	4.28%	8.02%	6.38%	3.66%	1.42%	5.79%	22.85%	12.30%
EBITDA Growth	0.52%	12.27%	5.16%	15.39%	9.64%	-16.54%	51.91%	-21.15%	29.89%	20.10%
EBIT Growth	0.01%	12.49%	3.95%	13.55%	10.06%	-20.17%	66.30%	-22.49%	33.46%	21.86%
NOPAT Growth	12.40%	1.19%	-1.18%	32.87%	12.19%	-20.04%	65.92%	-22.05%	31.52%	18.00%
Net Income Growth	12.40%	1.19%	-1.18%	32.87%	12.19%	-20.04%	65.92%	-22.05%	31.52%	18.00%
EPS Growth	13.42%	3.17%	1.94%	42.63%	19.11%	-17.16%	72.97%	-21.29%	34.24%	21.69%
Operating Cash Flow Growth	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	412.04%	-75.55%	21.81%	-3.09%	211.24%	-67.07%	-64.80%	825.33%	-252.53%	128.82%
Invested Capital Growth	-5.26%	1.92%	1.32%	2.75%	-2.32%	2.11%	7.01%	-2.54%	20.91%	4.53%
Revenue Q/Q Growth	0.14%	1.46%	0.18%	1.31%	2.39%	0.65%	-0.06%	4.29%	2.61%	2.42%
EBITDA Q/Q Growth	2.76%	3.84%	-0.56%	2.17%	4.13%	10.65%	-3.87%	0.60%	-0.35%	5.97%
EBIT Q/Q Growth	2.92%	3.94%	-1.17%	1.46%	4.78%	13.61%	-4.06%	1.27%	-3.01%	8.76%
NOPAT Q/Q Growth	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	2.10%	5.52%	-9.26%	9.56%	4.16%	14.17%	-3.47%	1.64%	-3.32%	8.74%
EPS Q/Q Growth	2.21%	6.54%	-9.08%	11.39%	5.62%	16.08%	-2.91%	2.03%	-3.16%	9.84%
Operating Cash Flow Q/Q Growth	-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	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	-2.15%	-2.77%	-1.56%	2.38%	-2.62%	2.36%	1.54%	1.42%	5.34%	-0.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.10%	41.44%	41.78%	44.63%	46.00%	37.04%	55.48%	41.35%	43.72%	46.76%
EBIT Margin	32.82%	35.76%	35.65%	37.47%	38.77%	29.86%	48.96%	35.87%	38.97%	42.29%
Profit (Net Income) Margin	26.13%	25.61%	24.27%	29.85%	31.48%	24.29%	39.73%	29.28%	31.34%	32.93%
Tax Burden Percent	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%
Effective Tax Rate	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)	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)	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)	6.05%	5.58%	5.43%	7.27%	8.01%	5.92%	9.15%	6.97%	8.88%	9.91%
Return on Equity (ROE)	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)	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)	1.25%	1.43%	1.43%	1.58%	1.69%	1.18%	1.67%	1.25%	1.63%	1.91%
Return on Assets (ROA)	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)	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)	9.87%	9.73%	9.56%	12.66%	13.94%	10.43%	16.43%	12.89%	15.11%	16.96%
Net Operating Profit after Tax (NOPAT)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
NOPAT Margin	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%
SG&A Expenses to Revenue	45.35%	45.14%	45.23%	44.97%	44.63%	43.56%	46.08%	46.31%	41.04%	40.09%
Operating Expenses to Revenue	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)	30,702	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)	35,642	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)	0.77	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	1.25	1.52	1.36	1.83	1.55	1.82	1.60	1.81	2.40
Price to Revenue (P/Rev)	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)	7.80	10.08	13.57	8.93	10.45	12.00	8.96	9.85	9.64	11.48
Dividend Yield	3.25%	2.64%	2.31%	3.01%	2.72%	3.14%	2.53%	3.16%	2.45%	1.93%
Earnings Yield	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	0.02	0.04	0.34	0.00	0.00	0.00	0.02	0.45
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.12	0.23	1.73	0.00	0.00	0.00	0.09	2.04
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.30	0.52	3.76	0.00	0.00	0.00	0.20	4.35
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.35	0.61	4.47	0.00	0.00	0.00	0.23	4.81
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.51	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	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	0.74	1.54	3.97	0.00	0.00	0.00	0.00	15.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	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	1.17	1.16	1.11	1.10	1.12	1.01	1.02	1.01	1.20	1.16
Financial Leverage	1.46	1.31	1.31	1.34	1.32	1.22	1.19	1.18	1.25	1.32
Leverage Ratio	10.27	9.65	9.85	10.07	10.25	11.23	12.43	12.63	12.16	11.71
Compound Leverage Factor	10.27	9.65	9.85	10.07	10.25	11.23	12.43	12.63	12.16	11.71
Debt to Total Capital	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	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	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%
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%
Common Equity to Total Capital	43.21%	43.53%	43.22%	42.20%	44.01%	46.08%	45.34%	46.24%	42.89%	43.15%
Debt to EBITDA	9.13	8.24	7.98	7.24	6.24	7.36	5.25	6.39	6.32	5.47
Net Debt to EBITDA	-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	8.10	7.38	6.75	5.81	5.48	6.34	4.46	5.56	5.67	4.84
Debt to NOPAT	13.31	13.33	13.74	10.82	9.12	11.22	7.34	9.02	8.81	7.77
Net Debt to NOPAT	-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	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%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	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%
Free Cash Flow to Firm to Interest Expense	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	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	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	0.03	0.03	0.04	0.05
Fixed Asset Turnover	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	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	0.17	0.17	0.18	0.19	0.20	0.19	0.20	0.23	0.23
Increase / (Decrease) in Invested Capital	-31,781	10,987	7,697	16,247	-14,074	12,499	42,479	-16,502	132,191	34,654
Enterprise Value (EV)	-57,215	-40,722	12,447	25,034	200,341	-147,483	-215,054	-171,802	14,058	361,391
Market Capitalization	190,547	249,192	306,291	274,108	380,711	349,517	432,879	371,132	477,824	671,398
Book Value per Share	$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	$54.12	$55.88	$58.02	$60.79	$66.31	$74.12	$80.34	$78.91	$91.14	$99.53
Total Capital	572,891	583,878	591,575	607,822	593,748	606,247	648,726	632,224	764,415	799,069
Total Debt	325,318	329,688	335,882	351,307	332,418	326,893	354,599	339,892	436,537	454,311
Total Long-Term Debt	288,651	295,245	284,080	282,031	291,498	281,685	301,005	295,865	391,825	401,418
Net Debt	-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
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	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)	4,940	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	$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	3.70B	3.62B	3.55B	3.40B	3.22B	3.08B	3.02B	2.97B	2.94B	2.87B
Adjusted Diluted Earnings per Share	$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	3.73B	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	$10.75	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471
Normalized NOPAT Margin	26.13%	25.61%	24.27%	29.85%	31.48%	24.29%	39.73%	29.28%	31.34%	32.93%
Pre Tax Income Margin	32.82%	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	4.11	3.52	2.59	1.94	1.67	3.60	10.73	1.77	0.76	0.74
NOPAT to Interest Expense	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	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	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	32.21%	34.27%	36.79%	31.13%	33.88%	43.56%	26.60%	36.00%	27.17%	25.28%
Augmented Payout Ratio	55.19%	70.99%	99.84%	92.66%	99.76%	65.93%	64.69%	44.39%	47.00%	57.49%

This table displays calculated financial ratios and metrics derived from JPMorgan Chase & Co.'s official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.35%	18.08%	24.85%	34.48%	21.88%	11.66%	9.35%	21.53%	6.97%	10.87%	8.05%
EBITDA Growth	-14.13%	2.19%	48.25%	42.98%	36.16%	-1.64%	9.54%	40.59%	1.03%	31.90%	5.91%
EBIT Growth	-14.95%	4.58%	58.67%	61.86%	39.43%	-14.44%	8.30%	33.26%	1.46%	53.41%	6.45%
NOPAT Growth	-16.69%	5.86%	52.40%	67.33%	35.06%	-15.45%	6.31%	25.41%	-1.92%	50.48%	9.12%
Net Income Growth	-16.69%	5.86%	52.40%	67.33%	35.06%	-15.45%	6.31%	25.41%	-1.92%	50.48%	9.12%
EPS Growth	-16.58%	7.19%	55.89%	72.10%	38.78%	-14.80%	8.29%	28.84%	0.92%	58.03%	14.19%
Operating Cash Flow Growth	-178.02%	18.95%	-165.38%	-71.42%	347.85%	-40.50%	-38.58%	103.92%	-264.19%	145.32%	-63.36%
Free Cash Flow Firm Growth	172.37%	185.75%	164.05%	-346.69%	-452.57%	-546.69%	-1,559.41%	34.45%	23.59%	83.20%	75.75%
Invested Capital Growth	-2.43%	-2.54%	0.64%	13.41%	16.41%	20.91%	21.53%	8.96%	11.16%	4.53%	5.76%
Revenue Q/Q Growth	6.51%	5.60%	11.01%	7.71%	-3.47%	-3.26%	8.71%	19.71%	-15.03%	0.27%	5.94%
EBITDA Q/Q Growth	8.84%	8.25%	18.16%	2.71%	3.64%	-21.81%	31.60%	31.82%	-25.52%	2.09%	5.68%
EBIT Q/Q Growth	10.46%	10.30%	20.62%	10.14%	-4.85%	-32.31%	52.68%	35.52%	-27.55%	2.34%	5.95%
NOPAT Q/Q Growth	12.58%	13.05%	14.66%	14.66%	-9.13%	-29.23%	44.18%	35.25%	-28.93%	8.58%	4.56%
Net Income Q/Q Growth	12.58%	13.05%	14.66%	14.66%	-9.13%	-29.23%	44.18%	35.25%	-28.93%	8.58%	4.56%
EPS Q/Q Growth	13.04%	14.74%	14.53%	15.85%	-8.84%	-29.56%	45.57%	37.84%	-28.59%	10.30%	5.19%
Operating Cash Flow Q/Q Growth	-127.57%	656.04%	-209.90%	116.96%	139.17%	33.49%	-355.94%	124.95%	-292.57%	299.45%	-270.44%
Free Cash Flow Firm Q/Q Growth	-11.38%	8.83%	-68.98%	-924.55%	-26.66%	-37.88%	-1.35%	62.97%	-47.65%	69.68%	-46.27%
Invested Capital Q/Q Growth	-1.49%	1.42%	1.36%	11.99%	1.12%	5.34%	1.88%	0.40%	3.16%	-0.94%	3.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.10%	43.15%	45.94%	43.80%	47.03%	38.01%	46.02%	50.67%	44.42%	45.22%	45.11%
EBIT Margin	36.68%	38.32%	41.64%	42.57%	41.96%	29.36%	41.24%	46.68%	39.80%	40.63%	40.63%
Profit (Net Income) Margin	29.76%	31.86%	32.91%	35.04%	32.98%	24.13%	32.00%	36.15%	30.24%	32.75%	32.32%
Tax Burden Percent	81.13%	83.16%	79.05%	82.29%	78.59%	82.17%	77.60%	77.44%	75.97%	80.60%	79.55%
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	18.87%	16.84%	20.95%	17.71%	21.41%	17.83%	22.40%	22.56%	24.03%	19.40%	20.45%
Return on Invested Capital (ROIC)	5.82%	6.40%	7.02%	7.62%	7.53%	5.46%	7.29%	8.23%	6.84%	7.44%	7.30%
ROIC Less NNEP Spread (ROIC-NNEP)	5.82%	6.40%	7.02%	7.62%	7.53%	5.46%	7.29%	8.23%	6.84%	7.44%	7.30%
Return on Net Nonoperating Assets (RNNOA)	6.89%	7.58%	8.21%	9.57%	9.25%	6.84%	8.89%	10.66%	8.97%	9.85%	9.70%
Return on Equity (ROE)	12.71%	13.98%	15.24%	17.20%	16.79%	12.30%	16.18%	18.89%	15.81%	17.29%	17.00%
Cash Return on Invested Capital (CROIC)	8.34%	8.46%	5.94%	-5.48%	-7.56%	-11.83%	-12.34%	-1.37%	-3.55%	3.05%	1.85%
Operating Return on Assets (OROA)	1.20%	1.33%	1.47%	1.62%	1.69%	1.23%	1.70%	1.99%	1.70%	1.83%	1.74%
Return on Assets (ROA)	0.98%	1.11%	1.17%	1.34%	1.32%	1.01%	1.32%	1.54%	1.29%	1.48%	1.38%
Return on Common Equity (ROCE)	12.71%	13.98%	15.24%	17.20%	16.79%	12.30%	16.18%	18.89%	15.81%	17.29%	16.50%
Return on Equity Simple (ROE_SIMPLE)	12.87%	0.00%	13.86%	15.31%	16.15%	0.00%	14.96%	15.86%	15.55%	0.00%	16.99%
Net Operating Profit after Tax (NOPAT)	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
NOPAT Margin	29.76%	31.86%	32.91%	35.04%	32.98%	24.13%	32.00%	36.15%	30.24%	32.75%	32.32%
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	46.11%	42.35%	41.77%	37.95%	41.22%	43.45%	42.71%	35.60%	41.68%	41.22%	42.54%
Operating Expenses to Revenue	58.62%	55.06%	52.43%	50.41%	54.56%	63.48%	54.27%	47.24%	52.90%	53.22%	52.08%
Earnings before Interest and Taxes (EBIT)	12,001	13,237	15,967	17,586	16,733	11,326	17,293	23,435	16,978	17,375	18,408
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,772	14,908	17,616	18,093	18,752	14,663	19,297	25,437	18,945	19,340	20,438
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	1.27	1.22	1.32	1.29	1.46	1.70	1.70	1.72	1.95	2.06
Price to Tangible Book Value (P/TBV)	1.28	1.60	1.53	1.66	1.62	1.81	2.10	2.09	2.12	2.40	2.55
Price to Revenue (P/Rev)	2.35	2.88	2.70	2.80	2.65	3.02	3.54	3.39	3.44	3.78	3.77
Price to Earnings (P/E)	7.63	9.85	8.78	8.61	7.97	9.64	11.37	10.69	11.09	11.48	11.42
Dividend Yield	4.05%	3.16%	3.19%	2.84%	2.84%	2.45%	2.07%	2.11%	2.10%	1.93%	1.97%
Earnings Yield	13.10%	10.15%	11.40%	11.62%	12.54%	10.37%	8.79%	9.35%	9.02%	8.71%	8.76%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.02	0.16	0.12	0.29	0.45	0.39
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.09	0.75	0.56	1.34	2.04	1.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.20	1.72	1.22	2.96	4.35	3.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.23	1.94	1.39	3.36	4.81	4.18
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.28	2.42	1.77	4.31	6.18	5.34
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	1.08	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	0.00	15.17	21.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.16	1.16	1.11	1.30	1.29	1.33	1.31	1.30	1.33	1.32	1.34
Long-Term Debt to Equity	1.00	1.01	0.97	1.17	1.14	1.20	1.18	1.16	1.19	1.16	0.00
Financial Leverage	1.18	1.18	1.17	1.26	1.23	1.25	1.22	1.30	1.31	1.32	1.33
Leverage Ratio	13.03	12.63	13.07	12.88	12.67	12.16	12.25	12.27	12.23	11.71	12.28
Compound Leverage Factor	13.03	12.63	13.07	12.88	12.67	12.16	12.25	12.27	12.23	11.71	12.28
Debt to Total Capital	53.80%	53.76%	52.70%	56.45%	56.26%	57.11%	56.77%	56.44%	57.13%	56.86%	57.33%
Short-Term Debt to Total Capital	7.68%	6.96%	6.59%	5.72%	6.27%	5.85%	5.94%	6.05%	6.28%	6.62%	57.33%
Long-Term Debt to Total Capital	46.12%	46.80%	46.11%	50.73%	50.00%	51.26%	50.83%	50.39%	50.85%	50.24%	0.00%
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%	2.43%
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	46.20%	46.24%	47.30%	43.55%	43.74%	42.89%	43.23%	43.56%	42.87%	43.15%	40.23%
Debt to EBITDA	6.34	6.39	5.73	6.29	5.89	6.32	6.24	5.65	5.88	5.47	5.61
Net Debt to EBITDA	-11.55	-10.20	-8.91	-6.46	-6.53	-6.71	-6.36	-6.17	-4.65	-3.73	-4.55
Long-Term Debt to EBITDA	5.43	5.56	5.01	5.65	5.23	5.67	5.59	5.04	5.24	4.84	0.00
Debt to NOPAT	9.05	9.02	8.04	8.47	7.97	8.81	8.78	8.17	8.57	7.77	7.91
Net Debt to NOPAT	-16.48	-14.41	-12.50	-8.69	-8.84	-9.36	-8.95	-8.93	-6.77	-5.30	-6.42
Long-Term Debt to NOPAT	7.76	7.85	7.03	7.61	7.08	7.91	7.86	7.29	7.63	6.87	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	25,279	27,510	8,534	-70,367	-89,126	-122,884	-124,546	-46,123	-68,099	-20,649	-30,204
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	3.12	2.14	0.52	-3.54	-4.08	-5.27	-5.11	-1.79	-2.52	-0.85	-1.28
Operating Cash Flow to Interest Expense	-2.25	7.87	-6.83	0.95	2.07	2.58	-6.33	1.49	-2.74	6.10	-10.68
Operating Cash Flow Less CapEx to Interest Expense	-2.25	7.87	-6.83	0.95	2.07	2.58	-6.33	1.49	-2.74	6.10	-10.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.04
Fixed Asset Turnover	4.55	0.00	4.94	5.22	5.42	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	623,357	632,224	640,812	717,616	725,634	764,415	778,777	781,888	806,631	799,069	823,624
Invested Capital Turnover	0.20	0.20	0.21	0.22	0.23	0.23	0.23	0.23	0.23	0.23	0.23
Increase / (Decrease) in Invested Capital	-15,542	-16,502	4,088	84,839	102,277	132,191	137,965	64,272	80,997	34,654	44,847
Enterprise Value (EV)	-320,895	-171,802	-156,688	-3,889	-44,569	14,058	122,003	95,377	231,991	361,391	318,526
Market Capitalization	289,831	371,132	368,693	411,762	408,596	477,824	572,538	577,623	596,277	671,398	681,686
Book Value per Share	$98.21	$99.66	$102.97	$106.94	$109.21	$113.41	$115.75	$118.59	$121.55	$122.46	$118.51
Tangible Book Value per Share	$77.48	$78.91	$81.88	$84.96	$86.87	$91.14	$93.62	$96.12	$98.90	$99.53	$95.44
Total Capital	623,357	632,224	640,812	717,616	725,634	764,415	778,777	781,888	806,631	799,069	823,624
Total Debt	335,339	339,892	337,730	405,100	408,263	436,537	442,140	441,336	460,795	454,311	472,204
Total Long-Term Debt	287,473	295,865	295,489	364,078	362,793	391,825	395,872	394,028	410,157	401,418	0.00
Net Debt	-610,726	-542,934	-525,381	-415,651	-453,165	-463,766	-450,535	-482,246	-364,286	-310,007	-383,205
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)	335,339	339,892	337,730	405,100	408,263	436,537	442,140	441,336	460,795	454,311	472,204
Total Depreciation and Amortization (D&A)	1,771	1,671	1,649	507	2,019	3,337	2,004	2,002	1,967	1,965	2,030
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.13	$3.56	$4.11	$4.76	$4.33	$3.05	$4.45	$6.13	$4.38	$4.83	$5.08
Adjusted Weighted Average Basic Shares Outstanding	2.96B	2.97B	2.97B	2.94B	2.93B	2.94B	2.91B	2.89B	2.86B	2.87B	2.82B
Adjusted Diluted Earnings per Share	$3.12	$3.58	$4.10	$4.75	$4.33	$3.05	$4.44	$6.12	$4.37	$4.82	$5.07
Adjusted Weighted Average Diluted Shares Outstanding	2.97B	2.97B	2.97B	2.95B	2.93B	2.94B	2.91B	2.89B	2.87B	2.88B	2.82B
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	2.93B	2.94B	2.92B	2.91B	2.89B	2.88B	2.87B	2.85B	2.82B	2.80B	2.78B
Normalized Net Operating Profit after Tax (NOPAT)	9,737	11,008	12,622	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643
Normalized NOPAT Margin	29.76%	31.86%	32.91%	35.04%	32.98%	24.13%	32.00%	36.15%	30.24%	32.75%	32.32%
Pre Tax Income Margin	36.68%	38.32%	41.64%	42.57%	41.96%	29.36%	41.24%	46.68%	39.80%	40.63%	40.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.48	1.03	0.98	0.89	0.77	0.49	0.71	0.91	0.63	0.72	0.78
NOPAT to Interest Expense	1.20	0.86	0.77	0.73	0.60	0.40	0.55	0.70	0.48	0.58	0.62
EBIT Less CapEx to Interest Expense	1.48	1.03	0.98	0.89	0.77	0.49	0.71	0.91	0.63	0.72	0.78
NOPAT Less CapEx to Interest Expense	1.20	0.86	0.77	0.73	0.60	0.40	0.55	0.70	0.48	0.58	0.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.61%	36.00%	32.14%	28.09%	26.17%	27.17%	26.98%	26.07%	26.69%	25.28%	25.32%
Augmented Payout Ratio	50.87%	44.39%	40.23%	38.89%	40.90%	47.00%	46.77%	49.80%	57.94%	57.49%	64.73%

Key Financial Trends

JPMorgan Chase & Co. has demonstrated consistent financial performance over the past several years, with key financial metrics showing growth and some areas to monitor. Here’s a summary of the important trends and data points from the last four years of quarterly filings up through Q1 2025:

Net Income Growth: Net income attributable to common shareholders rose from approximately $8.3 billion in Q1 2022 to $14.6 billion in Q1 2025, showing strong profitability growth.
Earnings Per Share (Diluted): Diluted EPS increased from $2.63 in Q1 2022 to $5.07 in Q1 2025, indicating rising shareholder value and earnings expansion.
Increasing Total Revenue: Total revenue increased from $30.7 billion in Q1 2022 to $45.3 billion in Q1 2025, driven by higher net interest income and non-interest income.
Net Interest Income Stability: Net interest income has remained robust, increasing from $13.9 billion in Q1 2022 to $23.3 billion in Q1 2025, benefiting from increased interest rates and asset growth.
Strong Capital Base: Total common equity grew from about $286 billion in Q1 2022 to $331 billion in Q1 2025, supporting growth and risk absorption capacity.
Provision for Credit Losses Trend: Provisions for credit losses increased from $1.46 billion in Q1 2022 to $3.3 billion in Q1 2025, signaling more cautious credit risk management amidst macroeconomic uncertainties.
Non-Interest Income Volatility: While generally rising, non-interest income showed some volatility, including slight capital losses recently, which can affect overall revenue stability.
Operational Expenses Increasing: Total non-interest expenses grew from around $19.2 billion in Q1 2022 to $23.6 billion in Q1 2025, reflecting investments in technology, employee benefits, and other operating costs.
Negative Cash Flow from Operating Activities: Recent quarters, including Q1 2025, show significant outflows in net cash from operating activities, partly due to changes in operating assets and liabilities.
Deposit Fluctuations: Deposits have shown variability, with increases and decreases across quarters, adding some uncertainty to funding and liquidity management.

Summary: JPMorgan Chase & Co. continues to exhibit solid growth in revenue, net income, and equity, benefiting from strong net interest income and diversified operations. The company is managing credit risk with increased provisions and experiencing higher operating expenses. Cash flow from operations shows some quarterly volatility, which investors should watch, alongside deposit trends and non-interest income fluctuations. Overall, the fundamentals remain strong for JPM with growing profitability and resilience in its balance sheet.

08/04/25 08:09 AMAI Generated. May Contain Errors.

Frequently Asked Questions About JPMorgan Chase & Co.'s Financials

When does JPMorgan Chase & Co.'s financial year end?

According to the most recent income statement we have on file, JPMorgan Chase & Co.'s fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has JPMorgan Chase & Co.'s net income changed over the last 9 years?

JPMorgan Chase & Co.'s net income appears to be on an upward trend, with a most recent value of $58.47 billion in 2024, rising from $24.44 billion in 2015. The previous period was $49.55 billion in 2023. View JPMorgan Chase & Co.'s forecast to see where analysts expect JPMorgan Chase & Co. to go next.

How has JPMorgan Chase & Co.'s revenue changed over the last 9 years?

Over the last 9 years, JPMorgan Chase & Co.'s total revenue changed from $93.54 billion in 2015 to $177.56 billion in 2024, a change of 89.8%.

How much debt does JPMorgan Chase & Co. have?

JPMorgan Chase & Co.'s total liabilities were at $3.66 trillion at the end of 2024, a 3.1% increase from 2023, and a 73.9% increase since 2015.

How much cash does JPMorgan Chase & Co. have?

In the past 9 years, JPMorgan Chase & Co.'s cash and equivalents has ranged from $20.49 billion in 2015 to $29.07 billion in 2023, and is currently $23.37 billion as of their latest financial filing in 2024.

How has JPMorgan Chase & Co.'s book value per share changed over the last 9 years?

Over the last 9 years, JPMorgan Chase & Co.'s book value per share changed from 67.25 in 2015 to 122.46 in 2024, a change of 82.1%.

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This page (NYSE:JPM) was last updated on 8/4/2025 by MarketBeat.com Staff

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