JPMorgan Chase & Co. (JPM) Financials

$301.82 +4.98 (+1.68%)

As of 02:59 PM 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	2025
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	12/31/2025
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	57,048
Consolidated Net Income / (Loss)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471	57,048
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	57,048
Total Pre-Tax Income	30,702	34,536	35,900	40,764	44,866	35,815	59,562	46,166	61,612	75,081	72,595
Total Revenue	93,543	96,569	100,705	108,783	115,720	119,951	121,649	128,695	158,104	177,556	182,447
Net Interest Income / (Expense)	43,510	46,083	50,097	55,059	57,245	54,563	52,311	66,710	89,267	92,583	95,443
Total Interest Income	50,973	55,901	63,971	76,100	84,040	64,523	57,864	92,807	170,588	193,933	193,341
Investment Securities Interest Income	50,973	55,901	63,971	76,100	84,040	64,523	57,864	92,807	170,588	193,933	193,341
Total Interest Expense	7,463	9,818	13,874	21,041	26,795	9,960	5,553	26,097	81,321	101,350	97,898
Total Non-Interest Income	50,033	50,486	50,608	53,724	58,475	65,388	69,338	61,985	68,837	84,973	87,004
Other Service Charges	17,163	16,843	14,012	17,717	19,790	18,902	40,163	37,767	41,038	52,297	50,234
Net Realized & Unrealized Capital Gains on Investments	202	141	-66	-395	258	802	-345	-2,380	-3,180	-1,021	-57
Investment Banking Income	6,751	6,572	7,412	7,550	7,501	9,486	13,216	6,686	6,519	8,910	9,615
Other Non-Interest Income	10,408	11,566	11,347	12,059	14,018	18,021	16,304	19,912	24,460	24,787	27,212
Provision for Credit Losses	3,827	5,361	5,290	4,871	5,585	17,480	-9,256	6,389	9,320	10,678	14,212
Total Non-Interest Expense	59,014	56,672	59,515	63,148	65,269	66,656	71,343	76,140	87,172	91,797	95,640
Salaries and Employee Benefits	29,750	30,203	31,208	33,117	34,155	34,988	38,567	41,636	46,465	51,357	54,487
Net Occupancy & Equipment Expense	9,961	10,491	11,438	12,754	14,143	14,787	14,457	14,054	13,836	14,857	16,490
Marketing Expense	2,708	2,897	2,900	3,044	3,351	2,476	3,036	3,911	4,591	4,974	5,531
Other Operating Expenses	16,595	13,081	13,969	14,233	13,620	14,405	15,283	16,539	22,280	20,609	19,132
Income Tax Expense	6,260	9,803	11,459	8,290	8,435	6,684	11,228	8,490	12,060	16,610	15,547
Basic Earnings per Share	$6.05	$6.24	$6.35	$9.04	$10.75	$8.89	$15.39	$12.10	$16.25	$19.79	$20.05
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	2.78B
Diluted Earnings per Share	$6.00	$6.19	$6.31	$9.00	$10.72	$8.88	$15.36	$12.09	$16.23	$19.75	$20.02
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	2.78B
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	2.70B
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	$5.80

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643	14,987	14,393	13,025
Consolidated Net Income / (Loss)	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643	14,987	14,393	13,025
Net Income / (Loss) Continuing Operations	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643	14,987	14,393	13,025
Total Pre-Tax Income	17,586	16,733	11,326	17,293	23,435	16,978	17,375	18,408	18,284	18,743	17,160
Total Revenue	41,307	39,874	38,574	41,934	50,200	42,654	42,768	45,310	44,912	46,427	45,798
Net Interest Income / (Expense)	21,779	22,726	24,051	23,082	22,746	23,405	23,350	23,273	23,209	23,966	24,995
Total Interest Income	41,644	44,556	47,384	47,438	48,513	50,416	47,566	46,853	48,241	49,439	48,808
Investment Securities Interest Income	41,644	44,556	47,384	47,438	48,513	50,416	47,566	46,853	48,241	49,439	48,808
Total Interest Expense	19,865	21,830	23,333	24,356	25,767	27,011	24,216	23,580	25,032	25,473	23,813
Total Non-Interest Income	19,528	17,148	14,523	18,852	27,454	19,249	19,418	22,037	21,703	22,461	20,803
Other Service Charges	12,005	9,885	9,906	10,474	18,883	11,046	11,894	12,282	12,109	12,635	13,208
Net Realized & Unrealized Capital Gains on Investments	-900	-669	-743	-366	-547	-16	-92	-37	-54	105	-71
Investment Banking Income	1,513	1,722	1,635	1,954	2,304	2,231	2,421	2,178	2,499	2,612	2,326
Other Non-Interest Income	6,910	6,210	3,725	6,790	6,814	5,988	5,195	7,614	7,149	7,109	5,340
Provision for Credit Losses	2,899	1,384	2,762	1,884	3,052	3,111	2,631	3,305	2,849	3,403	4,655
Total Non-Interest Expense	20,822	21,757	24,486	22,757	23,713	22,565	22,762	23,597	23,779	24,281	23,983
Salaries and Employee Benefits	11,216	11,726	11,847	13,118	12,953	12,817	12,469	14,093	13,710	13,566	13,118
Net Occupancy & Equipment Expense	3,337	3,583	3,617	3,632	3,695	3,705	3,825	3,880	3,968	4,259	4,383
Marketing Expense	1,122	1,126	1,298	1,160	1,221	1,258	1,335	1,304	1,279	1,480	1,468
Other Operating Expenses	5,147	5,322	7,724	4,847	5,844	4,785	5,133	4,320	4,822	4,976	5,014
Income Tax Expense	3,114	3,582	2,019	3,874	5,286	4,080	3,370	3,765	3,297	4,350	4,135
Basic Earnings per Share	$4.76	$4.33	$3.05	$4.45	$6.13	$4.38	$4.83	$5.08	$5.25	$5.08	$4.64
Weighted Average Basic Shares Outstanding	2.94B	2.93B	2.94B	2.91B	2.89B	2.86B	2.87B	2.82B	2.79B	2.76B	2.78B
Diluted Earnings per Share	$4.75	$4.33	$3.05	$4.44	$6.12	$4.37	$4.82	$5.07	$5.24	$5.07	$4.64
Weighted Average Diluted Shares Outstanding	2.95B	2.93B	2.94B	2.91B	2.89B	2.87B	2.88B	2.82B	2.79B	2.77B	2.78B
Weighted Average Basic & Diluted Shares Outstanding	2.91B	2.89B	2.88B	2.87B	2.85B	2.82B	2.80B	2.78B	2.75B	2.72B	2.70B

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	2025
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	12/31/2025
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	-125,979
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	-147,782
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	-147,782
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	57,048
Consolidated Net Income / (Loss)	24,442	24,733	24,441	32,474	36,431	29,131	48,334	37,676	49,552	58,471	57,048
Provision For Loan Losses	3,827	5,361	5,290	4,871	5,585	17,480	-9,256	6,389	9,320	10,678	14,212
Depreciation Expense	4,940	5,478	6,179	7,791	8,368	8,614	7,932	7,051	7,512	7,938	8,821
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	-9,062
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	-218,801
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	-265,565
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	-265,565
Purchase of Investment Securities	-182,267	-126,927	-169,871	-109,445	-260,611	-416,886	-371,585	-171,866	-146,300	-361,929	-326,869
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	291,065
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	-41,264
Other Investing Activities, net	-	-80,996	-	-83,013	-51,743	-50,263	-91,797	-128,968	-88,343	-83,176	-188,497
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	269,533
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	269,533
Net Change in Deposits	-88,678	97,336	57,022	26,728	101,002	602,765	293,764	-136,895	-32,196	3,299	153,168
Issuance of Debt	21,783	83,070	72,811	90,138	61,085	83,124	90,182	78,442	75,417	117,354	130,183
Issuance of Preferred Equity	5,893	0.00	1,258	1,696	5,000	4,500	7,350	0.00	0.00	2,500	3,000
Repayment of Debt	-67,247	-71,410	-83,079	-76,313	-98,171	-105,055	-54,932	-54,540	-66,814	-96,605	-108,100
Repurchase of Preferred Equity	0.00	0.00	-1,258	-1,696	-4,075	-1,430	-2,575	-7,434	0.00	-9,850	-3,000
Repurchase of Common Equity	-5,616	-9,082	-15,410	-19,983	-24,001	-6,517	-18,408	-3,162	-9,824	-18,830	-31,591
Payment of Dividends	-7,873	-8,476	-8,993	-10,109	-12,343	-12,690	-12,858	-13,562	-13,463	-14,783	-16,625
Other Financing Activities, Net	-45,773	6,833	-7,709	23,697	4,490	31,948	-26,530	10,894	21,309	80,362	142,498
Effect of Exchange Rate Changes	-276	-1,482	8,086	-2,863	-182	9,155	-11,508	-16,643	1,871	-12,866	17,835
Cash Interest Paid	7,220	9,508	14,153	21,152	29,918	13,077	5,142	23,143	77,114	99,642	96,436
Cash Income Taxes Paid	9,423	2,405	4,325	3,542	6,224	8,140	18,737	4,355	9,908	11,715	5,309

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-50,877	16,246	112,782	-62,035	-31,297	-96,559	35,057	-43,414	-5,576	-116,891	39,902
Net Cash From Operating Activities	18,865	45,119	60,231	-154,158	38,469	-74,081	147,758	-251,839	29,547	-45,214	119,724
Net Cash From Continuing Operating Activities	18,865	45,119	60,231	-154,158	38,469	-74,081	147,758	-251,839	29,547	-45,214	119,724
Net Income / (Loss) Continuing Operations	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643	14,987	14,393	13,025
Consolidated Net Income / (Loss)	14,472	13,151	9,307	13,419	18,149	12,898	14,005	14,643	14,987	14,393	13,025
Provision For Loan Losses	2,899	1,384	2,762	1,884	3,052	3,111	2,631	3,305	2,849	3,403	4,655
Depreciation Expense	507	2,019	3,337	2,004	2,002	1,967	1,965	2,030	2,210	2,269	2,312
Non-Cash Adjustments to Reconcile Net Income	-1,601	-1,103	5,027	-1,862	-8,107	-2,776	7,866	-2,294	-3,072	6,392	-10,088
Changes in Operating Assets and Liabilities, net	2,588	29,668	39,798	-169,603	23,373	-89,281	121,291	-269,523	12,573	-71,671	109,820
Net Cash From Investing Activities	-18,243	-17,790	79,882	-43,379	-94,239	-43,405	17,620	-118,076	-173,060	-21,311	46,882
Net Cash From Continuing Investing Activities	-18,243	-17,790	79,882	-43,379	-94,239	-43,405	17,620	-118,076	-173,060	-21,311	46,882
Purchase of Investment Securities	-41,221	-30,906	-37,481	-77,707	-72,608	-86,259	-125,355	-57,320	-122,673	-91,367	-55,509
Sale and/or Maturity of Investments	62,573	64,142	71,771	87,823	66,004	69,123	77,458	89,857	57,682	66,424	77,102
Net Increase in Fed Funds Sold	-8,499	-24,285	73,841	-54,371	-62,191	2,160	95,696	-134,479	-41,037	44,868	89,384
Other Investing Activities, net	-31,096	-26,741	-28,249	876	-25,444	-28,429	-30,179	-16,134	-67,032	-41,236	-64,095
Net Cash From Financing Activities	-49,915	-4,316	-35,897	141,168	27,238	10,746	-115,705	318,059	122,804	-47,773	-123,557
Net Cash From Continuing Financing Activities	-49,915	-4,316	-35,897	141,168	27,238	10,746	-115,705	318,059	122,804	-47,773	-123,557
Net Change in Deposits	-61,465	-15,301	10,887	25,009	-32,221	29,478	-18,967	85,029	68,433	-13,908	13,614
Issuance of Debt	10,607	24,763	31,297	30,830	25,577	27,897	33,050	40,744	23,912	34,523	31,004
Repayment of Debt	-17,091	-13,619	-18,057	-21,253	-25,457	-20,670	-29,225	-28,457	-22,364	-27,791	-29,488
Repurchase of Common Equity	-2,477	-2,382	-2,275	-2,832	-5,336	-6,361	-4,301	-7,528	-7,506	-8,293	-8,264
Payment of Dividends	-3,277	-3,386	-3,426	-3,493	-3,777	-3,655	-3,858	-3,823	-4,205	-4,180	-4,417
Other Financing Activities, Net	23,788	5,609	-54,323	110,407	74,452	-13,693	-90,804	232,094	64,534	-28,124	-126,006
Effect of Exchange Rate Changes	-1,584	-6,767	8,566	-5,666	-2,765	10,181	-14,616	8,442	15,133	-2,593	-3,147
Cash Interest Paid	19,963	20,525	21,339	22,864	25,662	26,268	24,848	23,587	24,350	24,842	23,657
Cash Income Taxes Paid	4,084	75	4,367	1,585	6,025	1,260	2,845	1,651	3,034	-1,512	2,136

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	2025
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	12/31/2025
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	4,424,900
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	21,742
Federal Funds Sold	212,575	229,967	198,422	321,588	249,157	296,284	261,698	315,592	276,152	295,001	336,426
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	321,596
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	1,866,396
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	1,467,664
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	1,493,429
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	25,765
Accrued Investment Income	46,605	52,330	67,729	73,200	72,861	90,503	102,570	125,189	107,363	101,223	111,599
Goodwill	47,325	-	-	-	-	-	-	-	-	64,560	64,458
Other Assets	112,180	112,076	113,587	121,022	177,935	151,539	181,498	182,884	159,308	178,197	198,775
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	4,424,900
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	4,062,462
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	2,559,320
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	442,396
Short-Term Debt	36,667	34,443	51,802	69,276	40,920	45,208	53,594	44,027	44,712	52,893	64,776
Other Short-Term Payables	177,638	190,543	-	196,710	210,407	231,285	262,755	300,141	290,307	280,672	316,794
Long-Term Debt	288,651	295,245	284,080	282,031	291,498	281,685	301,005	295,865	391,825	401,418	435,206
Other Long-Term Liabilities	168,776	175,706	339,127	165,014	137,118	187,759	175,443	190,586	203,448	220,206	243,970
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	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758	362,438
Total Preferred & Common Equity	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758	362,438
Total Common Equity	247,573	254,190	255,693	256,515	261,330	279,354	294,127	292,332	327,878	344,758	362,438
Common Stock	96,584	95,711	94,663	93,246	92,606	92,499	92,520	93,149	94,233	95,016	95,219
Retained Earnings	146,420	162,440	177,676	199,202	223,211	236,990	272,268	296,456	332,901	376,166	416,055
Treasury Stock	-21,691	-28,854	-42,595	-60,494	-83,049	-88,184	-105,415	-107,336	-116,217	-134,018	-164,591
Accumulated Other Comprehensive Income / (Loss)	192	-1,175	-119	-1,507	1,569	7,986	-84	-17,341	-10,443	-12,456	-4,290
Other Equity Adjustments	26,068	26,068	26,068	26,068	26,993	30,063	34,838	27,404	27,404	20,050	20,045

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	6/30/2025	9/30/2025
Total Assets	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	4,560,205
Cash and Due from Banks	25,098	26,064	24,921	29,066	22,750	27,265	22,896	23,372	22,066	23,759	21,821
Federal Funds Sold	317,111	325,628	350,059	276,152	330,559	392,763	390,821	295,001	429,506	470,589	425,815
Interest Bearing Deposits at Other Banks	520,902	469,059	486,448	595,085	539,366	503,554	411,364	445,945	403,837	396,568	281,615
Trading Account Securities	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	1,985,090
Loans and Leases, Net of Allowance	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	1,409,511
Loans and Leases	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	1,435,246
Allowance for Loan and Lease Losses	20,053	21,980	21,946	22,420	22,351	22,991	23,949	24,345	25,208	24,953	25,735
Accrued Investment Income	115,316	111,561	127,752	107,363	129,823	135,692	122,565	101,223	117,845	124,463	141,876
Goodwill	-	-	-	-	-	-	-	-	64,525	64,465	64,442
Other Assets	181,795	151,346	150,801	159,308	162,887	167,971	175,935	178,197	178,427	192,266	194,972
Total Liabilities & Shareholders' Equity	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	4,560,205
Total Liabilities	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	4,199,993
Non-Interest Bearing Deposits	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	2,548,476
Federal Funds Purchased and Securities Sold	246,396	266,272	268,750	216,535	325,670	400,832	389,337	296,835	533,046	595,340	567,574
Short-Term Debt	42,241	41,022	45,470	44,712	46,268	47,308	50,638	52,893	472,204	65,293	69,355
Other Short-Term Payables	275,077	286,934	292,070	290,307	301,469	295,813	314,356	280,672	-	303,641	316,896
Long-Term Debt	295,489	364,078	362,793	391,825	395,872	394,028	410,157	401,418	-	419,802	427,203
Other Long-Term Liabilities	204,767	198,456	232,353	203,448	256,402	267,940	268,952	220,206	505,743	249,102	270,489
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	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	351,420	356,924	360,212
Total Preferred & Common Equity	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	351,420	356,924	360,212
Total Common Equity	303,082	312,516	317,371	327,878	336,637	340,552	345,836	344,758	331,375	356,924	360,212
Common Stock	93,260	93,683	94,004	94,233	94,008	94,433	94,743	95,016	94,328	94,681	94,970
Retained Earnings	306,208	317,359	327,044	332,901	342,414	356,924	365,966	376,166	386,616	397,424	407,401
Treasury Stock	-109,372	-111,640	-113,977	-116,217	-118,046	-123,367	-129,739	-134,018	-140,458	-147,983	-156,326
Accumulated Other Comprehensive Income / (Loss)	-14,418	-14,290	-17,104	-10,443	-11,639	-11,338	-6,784	-12,456	-9,111	-7,243	-5,878
Other Equity Adjustments	27,404	27,404	27,404	27,404	29,900	23,900	21,650	20,050	-	20,045	20,045

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
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	$20.05
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	2.78B
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	$20.02
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	2.78B
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	$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	2.70B
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.76	$4.33	$3.05	$4.45	$6.13	$4.38	$4.83	$5.08	$5.25	$5.08	$4.64
Adjusted Weighted Average Basic Shares Outstanding	2.94B	2.93B	2.94B	2.91B	2.89B	2.86B	2.87B	2.82B	2.79B	2.76B	2.78B
Adjusted Diluted Earnings per Share	$4.75	$4.33	$3.05	$4.44	$6.12	$4.37	$4.82	$5.07	$5.24	$5.07	$4.64
Adjusted Weighted Average Diluted Shares Outstanding	2.95B	2.93B	2.94B	2.91B	2.89B	2.87B	2.88B	2.82B	2.79B	2.77B	2.78B
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	2.91B	2.89B	2.88B	2.87B	2.85B	2.82B	2.80B	2.78B	2.75B	2.72B	2.70B
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

JPMorgan Chase turned in a very strong 2025, with record-level profitability and robust operating cash generation, but the quarter-to-quarter cash flow picture was more volatile than the income statement alone suggests. The bank’s Q4 2025 net income of $13.0 billion was slightly below Q3 2025, yet still very healthy by historical standards. For the full 2025 trend shown in the data, JPM remained profitable every quarter, and earnings per share stayed solid despite some pressure from higher credit costs and shifting balance sheet activity.

What stands out most is the strength of core banking economics. In Q4 2025, JPM generated $45.8 billion in revenue, including $25.0 billion in net interest income and $20.8 billion in non-interest income. That combination shows the franchise is still benefiting from a diversified revenue mix, with fee income helping offset margin pressure from interest expense.

Cash flow was especially strong in Q4 2025. Operating cash flow reached $119.7 billion, up sharply from Q3 2025’s negative operating cash flow and well above prior-year levels. However, JPM also had very large swings in investing and financing cash flows, which is typical for a bank but worth watching because it can make quarter-to-quarter cash generation look uneven.

Balance sheet trends remain generally constructive. Total assets rose to $4.56 trillion at the end of Q3 2025 from $4.00 trillion at year-end 2024, while common equity increased to $360.2 billion. Deposits also remained enormous, with non-interest-bearing deposits above $2.54 trillion, which underscores JPM’s funding strength and scale advantage.

Here are the most important takeaways for retail investors:

Strong profitability: Q4 2025 net income of $13.0 billion and full-year quarterly earnings in a consistently high range show durable earnings power.
Healthy revenue mix: Net interest income remained strong at $25.0 billion in Q4, while non-interest income contributed $20.8 billion.
Very strong operating cash flow: Q4 2025 operating cash flow of $119.7 billion was a major positive and supports flexibility for lending, capital returns, and liquidity management.
Large, stable deposit base: JPM finished Q3 2025 with $2.55 trillion in non-interest-bearing deposits, a key competitive advantage.
Balance sheet growth: Total assets expanded meaningfully from year-end 2024 to Q3 2025, reflecting continued scale and market share.
Shareholder returns continue: The company kept repurchasing common stock and paying dividends through the period.
Credit costs remain elevated: Provision for credit losses was $4.7 billion in Q4 2025, higher than earlier quarters, suggesting some normalization in loan loss expectations.
Quarterly cash flow was volatile: Q3 2025 operating cash flow was negative, then rebounded sharply in Q4, highlighting timing swings in banking cash flows.
Expense base is large: Non-interest expense remained elevated at $23.98 billion in Q4 2025, so cost discipline will matter if revenue growth slows.
Interest expense is high: Q4 2025 total interest expense of $23.8 billion remains a meaningful drag on margins.
Other financing activities were highly negative in Q4 2025: The large outflow suggests significant balance sheet or funding-related adjustments.

Looking at the longer trend, JPM appears fundamentally strong and highly resilient. Revenue, earnings, and balance sheet scale all point to a franchise that is still firing on most cylinders. The main caution is not profitability, but rather the bank’s sensitivity to interest-rate dynamics, credit provisioning, and quarter-to-quarter cash flow volatility.

Bottom line: JPMorgan enters 2026 with strong earnings power, a massive deposit base, and excellent scale. For investors, that makes the stock look like a high-quality financial institution, though not one without cyclical risks. The biggest thing to monitor from here is whether credit costs stay contained and whether revenue growth can keep outrunning expenses.

06/02/26 12:56 PM ETAI Generated. May Contain Errors.

JPMorgan Chase & Co. Financials - Frequently Asked Questions

According to the most recent income statement we have on file, JPMorgan Chase & Co.'s fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

JPMorgan Chase & Co.'s net income appears to be on an upward trend, with a most recent value of $57.05 billion in 2025, rising from $24.44 billion in 2015. The previous period was $58.47 billion in 2024. Check out JPMorgan Chase & Co.'s forecast to explore projected trends and price targets.

Over the last 10 years, JPMorgan Chase & Co.'s total revenue changed from $93.54 billion in 2015 to $182.45 billion in 2025, a change of 95.0%.

JPMorgan Chase & Co.'s total liabilities were at $4.06 trillion at the end of 2025, a 11.1% increase from 2024, and a 93.1% increase since 2015.

In the past 10 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 $21.74 billion as of their latest financial filing in 2025.

Related Companies

Financial statements for NYSE:JPM last updated on 2/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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JPMorgan Chase & Co. (JPM) Financials

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JPMorgan Chase & Co. (JPM) Financials

Annual Income Statements for JPMorgan Chase & Co.

Quarterly Income Statements for JPMorgan Chase & Co.

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Quarterly Cash Flow Statements for JPMorgan Chase & Co.

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Quarterly Balance Sheets for JPMorgan Chase & Co.

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Quarterly Metrics And Ratios for JPMorgan Chase & Co.

Financials Breakdown Chart

Key Financial Trends

JPMorgan Chase & Co. Financials - Frequently Asked Questions

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