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JPMorgan Chase (NYSE: JPM) stock fundamentals

NYSE: JPM · Financials · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

JPMorgan Chase (NYSE: JPM) is a financial holding company in investment banking, consumer and commercial banking, transaction processing and asset management, per its FY2025 Form 10-K. For Q2 2026, its Form 10-Q reports net income of USD 21.2 billion; total net revenue, our calculation, was USD 57.3 billion. Both include a gain on the Visa share exchange.

Data as of Source: Form 10-K for FY2025 and Form 10-Q for Q2 2026

Key facts

Data as of

JPMorgan Chase (NYSE: JPM) · USD · fiscal year ends 31 December · figures from SEC filings; derived values are marked.

Net interest income, TTM (USD bn)
99.8
TTM to · derived
Net income, TTM (USD bn)
65.1
TTM to · derived
Total assets (USD trn)
5.02
at · Form 10-Q
Deposits (USD trn)
2.71
at · Form 10-Q
Loans, net of allowance (USD trn)
1.52
at · Form 10-Q
Cost-to-income ratio, TTM
51.4%
TTM to · derived
Total capital ratio, Standardized (as reported)
17.0%
at · Form 10-Q

Fundamentals profile

vs JPMorgan Chase's own FY2021–FY2025 range (fewer than 5 covered peers) · TTM to Q2 2026 · Data as of

Each row places JPMorgan Chase's value against its own FY2021–FY2025 range. It describes; it does not rate. There is no overall score. How we calculate this

JPMorgan Chase fundamentals profile compared with its own FY2021–FY2025 range. Each row names its period; values are percentages, multiples or years.
DimensionMetricJPMorgan ChaseOwn 5-year medianPositionRange
GrowthNet interest income, 3-year CAGR to FY202512.7%Own 5-year median 12.7%Near its 5-year median
Lower (−1.7%) Higher (21.0%)
CapitalTotal capital ratio, Standardized (at 30 Jun 2026, as reported)17.0%Own 5-year median 17.4%Near its 5-year median
Lower (16.8%) Higher (18.5%)
Cost-to-incomeCost-to-income ratio (TTM to Q2 2026, our calculation)51.4%Own 5-year median 55.1%Below its 5-year median
Lower (51.7%) Higher (59.2%)
Dividend historyConsecutive years of cash dividends, to FY2025Every fiscal year in our data, FY2009 to FY2025, had a dividend; our data starts in FY2009.At least 17Own 5-year median not availablenot availablenot available

Source: JPMorgan Chase Forms 10-Q and 10-K, SEC EDGAR. Derived by StockFactsheet. Data as of

Compared with JPMorgan Chase's own FY2021–FY2025 range because fewer than 5 covered peers exist. Descriptive only; not a rating.

What moved JPMorgan Chase's total net revenue from Q3 2024 to Q2 2026?

JPMorgan Chase's quarterly total net revenue stayed between USD 42.7 billion and USD 49.8 billion from Q3 2024 to Q1 2026, by our calculation. It reached USD 57.3 billion in Q2 2026, up 27.7% from Q2 2025, as non-interest income rose to USD 31,836 million. That included an initial USD 4,509 million gain on the Visa share exchange.[1]

Chart 1

JPMorgan Chase quarterly total net revenue, Q3 2024 to Q2 2026

USD bn · quarters ended to

Total net revenue by quarter, from USD 42.7 bn in Q3 2024 to USD 57.3 bn in Q2 2026.020406057.3Q32024Q4Q12025Q2Q3Q4Q12026Q2stockfactsheet.com
Source: JPMorgan Chase Forms 10-Q and 10-K, SEC EDGAR Data as of
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Swipe for earlier periods

Table 1 JPMorgan Chase quarterly total net revenue and profit, Q3 2024–Q2 2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends 31 December
USD mQ2 2026ended Q1 2026ended Q4 2025ended Q3 2025ended Q2 2025ended Q1 2025ended Q4 2024ended Q3 2024ended
Net interest income25,51125,36624,995 D23,96623,20923,27323,350 D23,405
Non-interest income31,83624,47020,803 D22,46121,70322,03719,418 D19,249
Total net revenue57,347 D49,836 D45,798 D46,427 D44,912 D45,310 D42,768 D42,654 D
Total net revenue YoY %increased 27.7%increased 10.0%increased 7.1%increased 8.8%decreased 10.5%increased 8.1%increased 10.9%increased 7.0%
Net income21,15516,49413,025 D14,39314,98714,64314,005 D12,898
Cost-to-income %47.6%53.9%52.4%52.3%52.9%52.1%53.2%52.9%
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Source: JPMorgan Chase Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Total net revenue = net interest income + non-interest income, from the same filing.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

JPMorgan Chase's Q2 2026 Form 10-Q puts other income, one of its non-interest income lines, at USD 7,549 million, against USD 1,154 million in Q2 2025.[1] Besides the Visa gain, recognised on 11 May 2026, it included USD 1,026 million of gains on certain equity investments.[1] Net interest income went from USD 23.2 billion in Q2 2025 to USD 25.5 billion in Q2 2026.

The decline of 10.5% in JPMorgan Chase's total net revenue for Q2 2025 is measured against Q2 2024. Other income in Q2 2024 included an initial gain of USD 7,990 million on the Visa share exchange.[12]

JPMorgan Chase's cost-to-income ratio, our calculation, was 47.6% in Q2 2026, against 52.1% to 53.9% in the other 7 quarters. Net income was USD 21.2 billion in Q2 2026 and USD 15.0 billion in Q2 2025. The JPMorgan Chase financial statements page adds the provision for credit losses and operating expenses for each quarter.

How much did JPMorgan Chase spend on buybacks in FY2025, per its 10-K filed 13 Feb 2026?

JPMorgan Chase spent USD 31.6 billion on share repurchases in FY2025, according to its FY2025 Form 10-K, and paid USD 16.6 billion of dividends.[3] Its cash from operations for FY2025 was an outflow of USD 148 billion. That was the second outflow in a row, after USD 42.0 billion in FY2024.

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Swipe for earlier periods

Table 2 JPMorgan Chase cash flow, dividends paid and buybacks, FY2021–FY2025 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations−147,782−42,01212,974107,11978,084
Dividends paid−16,625−14,783−13,463−13,562−12,858
Share buybacks−31,591−18,830−9,824−3,162−18,408
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Source: JPMorgan Chase Forms 10-Q and 10-K, SEC EDGAR Data as of

For a bank, cash from operations includes changes in trading assets, loans held for sale and other balance-sheet items, so it can be large and negative. It is not comparable with a non-financial company's, and we do not show free cash flow for banks.

Repurchases fell from USD 18.4 billion in FY2021 to USD 3.16 billion in FY2022, then rose in each of the next 3 years. Dividends paid went from USD 12.9 billion in FY2021 to USD 16.6 billion in FY2025. The 10-K labels the repurchase line treasury stock repurchased, and both outflows sit under financing activities.[3]

JPMorgan Chase's cash flow statement counts changes in trading assets, securities borrowed and other balance-sheet items inside operating activities.[3] In FY2025, the change in trading assets alone was an outflow of USD 156,461 million.[3] That one line was larger than the whole FY2025 operating outflow of USD 147,782 million. Cash from operations was an inflow in each of FY2021 to FY2023.

Why did JPMorgan Chase revise its 2020 total net revenue in the 10-K filed 22 Feb 2022?

JPMorgan Chase revised its FY2020 total net revenue after reclassifying certain deferred investment tax credits in the first quarter of 2021, with no effect on net income.[11] Its FY2021 Form 10-K, filed 22 Feb 2022, shows USD 119,951 million for 2020.[11] The FY2020 Form 10-K had reported USD 119,543 million.[15]

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Swipe for earlier periods

Table 3 JPMorgan Chase FY2021 year-on-year change in total net revenue, with a restated FY2020 base (%) Percentages; the restated base figures are in the notes below
%FY2021ended
Total net revenue, YoY %increased 1.4% R
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Source: JPMorgan Chase Forms 10-Q and 10-K, SEC EDGAR Data as of

  • R Uses FY2020 total net revenue as restated in Form 10-K filed (USD 119,951 m; originally reported USD 119,543 m in Form 10-K filed ).

Arrows show direction of change only, not whether a change is good or bad.

The FY2021 change in total net revenue, a rise of 1.4% by our calculation, carries the R marker. It is measured from the revised USD 119,951 million.[11] Its footnote gives the amount first reported and both filing dates. We use the latest value a filing reports for each period, as our rules for restated figures set out.

The reclassification raised other income, part of non-interest income, and income tax expense by matching amounts.[11] The FY2021 report puts 2020 non-interest income at USD 65,388 million.[11] The FY2020 report had shown USD 64,980 million.[15] Both reports put 2020 net interest income at USD 54,563 million.[11][15]

Our dataset also marks earlier revisions to FY2018 and FY2019 lines, among them non-interest income, operating expenses and cash flows. Our guide on how to read a 10-K explains how a later 10-K can print an earlier year differently. The AT&T stock fundamentals page also covers earlier-year figures that later filings changed.

How we got these numbers

Every figure comes from JPMorgan Chase's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q3 2023 to Q2 2026) and 10-K (FY2018 to FY2025)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Total net revenue = net interest income + non-interest income. Cost-to-income = operating expenses ÷ total net revenue (our calculation). CAGR = compound annual growth over three fiscal years.
Restatements
FY2020 total net revenue, the base of the FY2021 YoY change, was restated in Form 10-K filed (originally USD 119,543 m).
Comparator
Each profile row compares the current value with JPMorgan Chase's own last five fiscal years, FY2021 to FY2025: the median of those five years and their range, from the lowest to the highest. A current value outside that range is drawn just past the end of the strip. Fewer than 5 covered peers exist, so there is no sector median yet.
Currency
As reported (USD); no FX conversion.
Read the full methodology

Latest filings and disclosures

SEC filings behind JPMorgan Chase's figures, newest first.

(opens in new tab)
  1. Filing Form 10-Q, quarter ended 30 Jun 2026 sec.gov
  2. Filing Form 10-Q, quarter ended 31 Mar 2026 sec.gov
  3. Filing Form 10-K, fiscal year ended 31 Dec 2025 sec.gov
  4. Filing Form 10-Q, quarter ended 30 Sep 2025 sec.gov
  5. Filing Form 10-Q, quarter ended 30 Jun 2025 sec.gov
  6. Filing Form 10-Q, quarter ended 31 Mar 2025 sec.gov
  7. Filing Form 10-K, fiscal year ended 31 Dec 2024 sec.gov
  8. Filing Form 10-Q, quarter ended 30 Sep 2024 sec.gov
All filings on SEC EDGAR

Company identifiers

Data as of
(opens in new tab)
Legal name
JPMorgan Chase & Co.
Exchange
NYSE
Ticker
JPM
Sector
Financials
Country
United States
Fiscal year end
31 December
Reporting currency
USD
Accounting standard
US GAAP
SEC CIK
0000019617
Latest filing in this page's data
Form 10-Q, quarter ended 30 Jun 2026 · filed

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-Q, quarter ended 30 Jun 2026 JPMorgan Chase & Co. · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 31 Mar 2026 JPMorgan Chase & Co. · · sec.gov
  3. [3] Filing Form 10-K, fiscal year ended 31 Dec 2025 JPMorgan Chase & Co. · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 30 Sep 2025 JPMorgan Chase & Co. · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 30 Jun 2025 JPMorgan Chase & Co. · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 31 Mar 2025 JPMorgan Chase & Co. · · sec.gov
  7. [7] Filing Form 10-K, fiscal year ended 31 Dec 2024 JPMorgan Chase & Co. · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 30 Sep 2024 JPMorgan Chase & Co. · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 31 Dec 2023 JPMorgan Chase & Co. · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 31 Dec 2022 JPMorgan Chase & Co. · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 31 Dec 2021 JPMorgan Chase & Co. · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 30 Jun 2024 JPMorgan Chase & Co. · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 31 Mar 2024 JPMorgan Chase & Co. · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 30 Sep 2023 JPMorgan Chase & Co. · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 31 Dec 2020 JPMorgan Chase & Co. · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 31 Dec 2019 JPMorgan Chase & Co. · · sec.gov
  17. [17] Filing Form 10-K, fiscal year ended 31 Dec 2018 JPMorgan Chase & Co. · · sec.gov
  18. [18] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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Cite this page

StockFactsheet (2026). "JPMorgan Chase (NYSE: JPM) stock fundamentals." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/jpm/

Not investment advice

For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

Author and editor

OffScriptBySami

Founder and editor, StockFactsheet

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How this page was made
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  2. Drafted from our dataset and the company's own filings
  3. Automated checks and review steps passed ()
  4. Signed off and published by OffScriptBySami (, GST)

Update history

  1. Published First published version.