NYSE : JPM
JPMorgan Chase & Co. — Financial statements
Financials · Banks - Diversified · United States
Last price 337.04 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 895.04B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 201.68B | 193.34B | 193.93B | 170.59B | 92.81B | 57.86B |
| Interest Paid on Deposits | 98.77B | 97.90B | 101.35B | 81.32B | 26.10B | 5.55B |
| Net Interest Income | 102.91B | 95.44B | 92.58B | 89.27B | 66.71B | 52.31B |
| Trust Income | 22.77B | 20.33B | 17.80B | 15.22B | 14.10B | 14.40B |
| Mortgage Banking Activities | 1.28B | 1.38B | 1.40B | 1.18B | 1.25B | 2.17B |
| Income From Trading Activities | 28.85B | 27.21B | 24.79B | 24.46B | 19.91B | 16.30B |
| Gain (Loss) on Sale of Assets | 38.00M | -7.00M | ||||
| Gain (Loss) on Sale of Investments | 4.49B | -108.00M | 6.67B | -4.72B | -2.96B | -1.92B |
| Other Non-Interest Income | 42.86B | 38.19B | 34.21B | 29.59B | 29.65B | 38.37B |
| Total Non-Interest Income | 100.25B | 87.00B | 84.87B | 65.72B | 61.98B | 69.33B |
| Revenues Before Loan Losses | 203.15B | 182.45B | 177.45B | 154.99B | 128.69B | 121.64B |
| Provision for Loan Losses | 12.42B | 14.21B | 10.68B | 9.32B | 6.39B | -9.26B |
| Revenue | 190.73B | 168.24B | 166.78B | 145.67B | 122.31B | 130.90B |
| Salaries and Employee Benefits | 54.77B | 50.87B | 47.85B | 43.35B | 38.84B | 35.64B |
| Selling, General & Administrative | 43.15B | 37.99B | 34.39B | 31.78B | 30.93B | 30.24B |
| Other Non-Interest Expense | 7.83B | 7.18B | 8.09B | 7.71B | 6.10B | 5.46B |
| Total Non-Interest Expense | 105.75B | 96.04B | 90.33B | 82.84B | 75.87B | 71.34B |
| EBT Excluding Unusual Items | 84.99B | 72.19B | 76.44B | 62.83B | 46.43B | 59.56B |
| Legal Settlements | -462.00M | -361.00M | -740.00M | -1.44B | -266.00M | |
| Other Unusual Items | 763.00M | 763.00M | -622.00M | 214.00M | ||
| Pretax Income | 85.29B | 72.59B | 75.08B | 61.61B | 46.17B | 59.56B |
| Income Tax Expense | 19.31B | 15.55B | 16.61B | 12.06B | 8.49B | 11.23B |
| Net Income | 65.98B | 57.05B | 58.47B | 49.55B | 37.68B | 48.33B |
| Preferred Dividends & Other Adjustments | 1.45B | 1.37B | 1.60B | 1.79B | 1.78B | 1.83B |
| Net Income to Common | 64.53B | 55.68B | 56.87B | 47.76B | 35.89B | 46.50B |
| Basic Shares Outstanding | 2.71B | 2.78B | 2.87B | 2.94B | 2.97B | 3.02B |
| Diluted Shares Outstanding | 2.71B | 2.78B | 2.88B | 2.94B | 2.97B | 3.03B |
| EPS (Basic) | 23.85 | 20.05 | 19.79 | 16.25 | 12.10 | 15.39 |
| EPS (Diluted) | 23.81 | 20.02 | 19.75 | 16.23 | 12.09 | 15.36 |
| Dividend Per Share | 6.15 | 5.80 | 4.80 | 4.10 | 4.00 | 3.80 |
| Effective Tax Rate | 22.64% | 21.42% | 22.12% | 19.57% | 18.39% | 18.85% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 483.11B | 314.34B | 441.85B | 604.58B | 540.52B | 721.20B |
| Investment Securities | 1.13T | 914.08B | 764.66B | 634.67B | 747.23B | 748.25B |
| Trading Asset Securities | 1.09T | 636.95B | 501.71B | 411.61B | 360.11B | 330.87B |
| Mortgage-Backed Securities | 204.56B | 215.37B | 217.47B | 212.44B | 197.16B | |
| Total Investments | 2.22T | 1.76T | 1.48T | 1.26T | 1.32T | 1.28T |
| Gross Loans | 1.57T | 1.53T | 1.39T | 1.37T | 1.18T | 1.13T |
| Allowance for Loan Losses | -26.27B | -25.77B | -24.34B | -22.42B | -19.73B | -16.39B |
| Net Loans | 1.55T | 1.50T | 1.37T | 1.34T | 1.16T | 1.11T |
| Property, Plant & Equipment | 38.68B | 56.85B | 45.77B | 41.33B | 40.04B | 44.62B |
| Goodwill | 52.72B | 52.73B | 52.56B | 52.63B | 51.66B | 50.31B |
| Other Intangible Assets | 2.38B | 2.56B | 2.87B | 3.23B | 1.22B | 882.00M |
| Loans Held for Sale | 87.48B | 13.84B | 7.05B | 3.98B | 3.97B | 8.69B |
| Accrued Interest Receivable | 88.11B | 64.25B | 49.28B | 59.72B | 75.91B | 42.89B |
| Restricted Cash | 29.00B | 27.50B | 19.60B | 26.80B | 19.70B | |
| Other Current Assets | 329.86B | 452.12B | 355.62B | 329.43B | 279.06B | 308.78B |
| Long-Term Deferred Tax Assets | 6.95B | 12.18B | 10.15B | |||
| Other Real Estate Owned & Foreclosed | 630.00M | 134.00M | 112.00M | 162.00M | 157.00M | 134.00M |
| Other Long-Term Assets | 240.69B | 175.38B | 157.74B | 141.89B | 165.39B | 157.75B |
| Total Assets | 5.09T | 4.42T | 4.00T | 3.88T | 3.67T | 3.74T |
| Accounts Payable | 377.35B | 93.13B | 96.22B | 97.64B | 77.18B | 62.99B |
| Accrued Expenses | 202.66B | 167.55B | 175.16B | 199.99B | 178.97B | |
| Interest Bearing Deposits | 2.10T | 1.69T | 1.54T | 1.51T | 1.53T | 1.63T |
| Institutional Deposits | 244.20B | 241.88B | 222.84B | 142.53B | 93.50B | |
| Non-Interest Bearing Deposits | 676.01B | 620.40B | 619.31B | 666.85B | 671.91B | 737.75B |
| Total Deposits | 2.78T | 2.56T | 2.41T | 2.40T | 2.34T | 2.46T |
| Short-Term Borrowings | 837.87B | 553.50B | 389.39B | 302.09B | 304.78B | 303.65B |
| Current Portion of Long-Term Debt | 15.53B | |||||
| Current Portion of Leases | 1.77B | |||||
| Other Current Liabilities | 234.78B | 176.29B | 159.12B | 145.18B | 126.83B | 114.58B |
| Long-Term Debt | 488.39B | 429.11B | 397.88B | 371.87B | 295.53B | 298.67B |
| Federal Home Loan Bank Debt, Long-Term | 16.92B | 29.26B | 41.25B | 11.09B | 11.11B | |
| Long-Term Leases | 7.57B | 8.90B | 8.83B | 8.18B | 8.33B | |
| Trust Preferred Securities | 1.59B | 1.60B | 1.73B | 1.85B | 1.98B | |
| Other Long-Term Liabilities | 5.07B | 2.10B | 3.07B | 7.78B | 6.86B | |
| Total Liabilities | 4.72T | 4.06T | 3.66T | 3.55T | 3.37T | 3.45T |
| Preferred Stock, Redeemable | 21.04B | 20.05B | 20.05B | 27.40B | 27.40B | 34.84B |
| Common Stock | 4.11B | 4.11B | 4.11B | 4.11B | 4.11B | 4.11B |
| Additional Paid-In Capital | 90.89B | 91.11B | 90.91B | 90.13B | 89.04B | 88.42B |
| Retained Earnings | 455.59B | 416.06B | 376.17B | 332.90B | 296.46B | 272.27B |
| Treasury Stock | -179.44B | -164.59B | -134.02B | -116.22B | -107.34B | -105.42B |
| Comprehensive Income & Other | -19.82B | -4.29B | -12.46B | -10.44B | -17.34B | -84.00M |
| Total Common Equity | 351.33B | 342.39B | 324.71B | 300.47B | 264.93B | 259.29B |
| Shareholders' Equity | 372.37B | 362.44B | 344.76B | 327.88B | 292.33B | 294.13B |
| Total Liabilities & Equity | 5.09T | 4.42T | 4.00T | 3.88T | 3.67T | 3.74T |
| Total Debt | 1.33T | 1.03T | 827.03B | 725.77B | 621.44B | 623.73B |
| Net Cash (Debt) | 555.22B | 261.71B | 411.50B | 566.54B | 594.70B | 689.96B |
| Net Cash Per Share | 204.92 | 94.09 | 142.93 | 192.50 | 200.24 | 227.97 |
| Filing Date Shares Outstanding | 2.66B | 2.70B | 2.80B | 2.88B | 2.94B | 2.95B |
| Total Common Shares Outstanding | 2.66B | 2.70B | 2.80B | 2.88B | 2.93B | 2.94B |
| Book Value Per Share | 132.30 | 126.99 | 116.07 | 104.45 | 90.29 | 88.07 |
| Tangible Book Value | 296.23B | 287.10B | 269.27B | 244.62B | 212.04B | 208.09B |
| Tangible Book Value Per Share | 111.55 | 106.48 | 96.25 | 85.03 | 72.27 | 70.68 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 57.05B | 58.47B | 49.55B | 37.68B | 48.33B | |
| Depreciation & Amortization | 8.82B | 7.94B | 7.51B | 7.05B | 7.93B | |
| Provision for Credit Losses | 14.21B | 10.68B | 9.32B | 6.39B | -9.26B | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -25.54B | -6.93B | 1.19B | 18.54B | -11.45B | |
| Change in Trading Asset Securities | -156.46B | -95.73B | -74.09B | -31.45B | 85.71B | |
| Accrued Interest Receivable | -11.51B | 5.74B | 19.93B | -22.97B | -12.40B | |
| Change in Accounts Payable | 5.27B | -90.00M | -25.39B | 58.61B | 43.16B | |
| Change in Other Net Operating Assets | -56.10B | -24.14B | 23.38B | 28.49B | -80.97B | |
| Other Operating Activities | 16.48B | 2.06B | 1.57B | 4.78B | 7.02B | |
| Operating Cash Flow | -147.78B | -42.01B | 12.97B | 107.12B | 78.08B | |
| Cash Acquisitions | -2.36B | -9.92B | ||||
| Investment in Securities | -80.70B | -114.93B | 95.59B | 12.47B | -96.82B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -130.93B | -25.25B | -41.03B | -84.08B | -55.95B | |
| Other Investing Activities | -53.93B | -20.85B | 23.00B | -66.21B | 23.43B | |
| Investing Cash Flow | -265.56B | -163.40B | 67.64B | -137.82B | -129.34B | |
| Short-Term Debt Issued | 9.42B | 7.44B | 7.77B | |||
| Long-Term Debt Issued | 266.30B | 191.75B | 98.25B | 89.10B | 82.41B | |
| Total Debt Issued | 275.72B | 199.19B | 98.25B | 89.10B | 90.18B | |
| Short-Term Debt Repaid | -1.93B | -8.98B | ||||
| Long-Term Debt Repaid | -108.72B | -96.61B | -64.88B | -45.56B | -79.98B | |
| Total Debt Repaid | -108.72B | -96.61B | -66.81B | -54.54B | -79.98B | |
| Net Debt Issued (Repaid) | 167.00B | 102.58B | 31.43B | 34.56B | 10.20B | |
| Repurchase of Common Stock | -31.59B | -18.83B | -9.82B | -3.16B | -18.41B | |
| Preferred Stock Issued | 3.00B | 2.50B | 7.35B | |||
| Preferred Share Repurchases | -3.00B | -9.85B | -7.43B | -2.58B | ||
| Total Dividends Paid | -16.62B | -14.78B | -13.46B | -13.56B | -12.86B | |
| Net Increase (Decrease) in Deposit Accounts | 153.17B | 3.30B | -32.20B | -136.90B | 293.76B | |
| Other Financing Activities | -2.42B | -1.47B | -1.52B | 234.00M | -1.48B | |
| Financing Cash Flow | 269.53B | 63.45B | -25.57B | -126.26B | 275.99B | |
| Foreign Exchange Rate Adjustments | 17.84B | -12.87B | 1.87B | -16.64B | -11.51B | |
| Net Cash Flow | -125.98B | -154.83B | 56.92B | -173.60B | 213.22B | |
| Cash Interest Paid | 96.44B | 99.64B | 77.11B | 23.14B | 5.14B | |
| Cash Income Tax Paid | 5.31B | 11.71B | 9.91B | 4.36B | 18.74B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 895.04B | 877.17B | 674.87B | 491.76B | 393.34B | 467.97B |
| Last Close Price | 337.04 | 316.13 | 230.31 | 159.61 | 122.19 | 139.87 |
| PE Ratio | 14.15 | 15.75 | 11.87 | 10.30 | 10.96 | 10.06 |
| PS Ratio | 4.69 | 5.21 | 4.05 | 3.38 | 3.22 | 3.58 |
| PB Ratio | 2.55 | 2.42 | 1.96 | 1.50 | 1.35 | 1.59 |
| P/OCF Ratio | 37.90 | 3.67 | 5.99 | |||
| Debt / Equity Ratio | 3.56 | 2.83 | 2.40 | 2.21 | 2.13 | 2.12 |
| Net Debt / Equity Ratio | -1.49 | -0.72 | -1.19 | -1.73 | -2.03 | -2.35 |
| Return on Equity (ROE) | 18.01% | 16.13% | 17.39% | 15.98% | 12.85% | 16.86% |
| Return on Assets (ROA) | 1.37% | 1.35% | 1.48% | 1.31% | 1.02% | 1.36% |
| Earnings Yield | 7.07% | 6.50% | 8.66% | 10.08% | 9.58% | 10.33% |
| Dividend Yield | 1.96% | 1.78% | 1.99% | 2.40% | 2.98% | 2.39% |
| Payout Ratio | 25.83% | 29.14% | 25.28% | 27.17% | 36.00% | 26.60% |
| Buyback Yield / Dilution | 3.48% | 3.39% | 2.18% | 0.91% | 1.87% | 1.97% |
| Total Shareholder Return | 5.43% | 5.17% | 4.17% | 3.30% | 4.85% | 4.36% |