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. (NYSE: JPM) has demonstrated consistent financial performance over the past four years through Q2 2025. Here's an analysis of key financial trends and indicators, with a focus on the most recent quarters and comparisons to prior periods:
- Strong and Growing Net Income: In Q2 2025, JPM reported a consolidated net income of $14.987 billion, marking an increase from $14.643 billion in Q1 2025 and showing growth compared to prior years. Earnings per share (diluted) also rose to $5.24 in Q2 2025 from $5.07 in Q1 2025.
- Robust Revenue Generation: Total revenue for Q2 2025 was $44.912 billion, supported by $23.209 billion in net interest income and $21.703 billion in non-interest income, reflecting diversification in income sources.
- Increasing Deposits: Net change in deposits was positive with $68.433 billion in Q2 2025, up from $85.029 billion in Q1 2025, showing strong customer deposit inflows supporting liquidity.
- Net Cash from Operating Activities Positive: Q2 2025 saw $29.547 billion in net cash from operating activities, a significant improvement from the negative $251.839 billion in Q1 2025, indicating better operational cash flow management.
- Equity Growth: Total common equity increased to approximately $356.9 billion in Q2 2025 from about $331.4 billion in Q1 2025, indicating strengthening capital position.
- Investment Securities Activity: The bank made substantial net investments with purchases of $122.673 billion and sales/maturities totaling $57.682 billion in Q2 2025. This net investment could signal opportunistic positioning but may impact short-term liquidity.
- Effect of Exchange Rate Changes: JPM reported a positive effect of exchange rate changes amounting to $15.133 billion in Q2 2025, contributing to cash improvements but subject to currency market volatility.
- Negative Net Cash from Investing Activities: In Q2 2025, net cash used in investing activities was $173.06 billion, which could pressure liquidity if continued long-term without proportional returns.
- Non-Interest Expense Trends: Salaries and employee benefits, along with occupancy and equipment expenses, remain high (e.g., $13.71 billion in Q2 2025), which could pressure margins if revenues do not grow commensurately.
- Repurchase of Common Equity: The company repurchased $7.506 billion in common equity in Q2 2025, which, while returning capital to shareholders, reduces cash reserves and could impact liquidity if continued aggressively.
Summary: JPMorgan Chase maintains strong earnings growth complemented by solid revenue streams across interest and non-interest income sources. The company is managing operational cash flows effectively, evident in the positive operating cash in recent quarters. However, large investing outflows and substantial share repurchases could pose some liquidity considerations. Investors should also monitor high operating expenses that may affect profit margins if revenue growth moderates. Overall, JPM's strong capital base and deposit growth underpin its financial resilience heading into the latter half of 2025.
10/23/25 08:10 AM ETAI Generated. May Contain Errors.