JPMorgan Chase & (JPM) financial statements
JPMorgan Chase & reported revenue of $182.4B in fiscal 2025, up 7.3% a year over 9 years.
Net income was $57.0B.
The diluted share count fell 25% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JPMorgan Chase &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.6B | $100.7B | $108.8B | $115.7B | $120.0B | $121.6B | $128.7B | $158.1B | $177.6B | $182.4B |
| Interest expense | $9.8B | $13.9B | $21.0B | $26.8B | $10.0B | $5.6B | $26.1B | $81.3B | — | — |
| Pre-tax income | $34.5B | $35.9B | $40.8B | $44.9B | $35.8B | $59.6B | $46.2B | $61.6B | $75.1B | $72.6B |
| Income tax | $9.8B | $11.5B | $8.3B | $8.4B | $6.7B | $11.2B | $8.5B | $12.1B | $16.6B | $15.5B |
| Net income | $24.7B | $24.4B | $32.5B | $36.4B | $29.1B | $48.3B | $37.7B | $49.6B | $58.5B | $57.0B |
| EPS (diluted) | $6.19 | $6.31 | $9.00 | $10.72 | $8.88 | $15.36 | $12.09 | $16.23 | $19.75 | $20.02 |
| Diluted shares | 3.69B | 3.58B | 3.41B | 3.23B | 3.09B | 3.03B | 2.97B | 2.94B | 2.88B | 2.78B |
| Net margin | 25.6% | 24.3% | 29.9% | 31.5% | 24.3% | 39.7% | 29.3% | 31.3% | 32.9% | 31.3% |
Balance sheet
Fiscal years, from JPMorgan Chase &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $391.2B | $431.3B | $278.8B | $263.6B | $527.6B | $740.8B | $567.2B | $624.2B | $469.3B | $343.3B |
| Property, plant and equipment | $14.1B | $14.2B | $14.9B | $25.8B | $27.1B | $27.1B | $27.7B | — | — | — |
| Goodwill | $47.3B | $47.5B | $47.5B | $47.8B | $49.2B | $50.3B | $51.7B | $52.6B | $52.6B | $52.7B |
| Total assets | $2.49T | $2.53T | $2.62T | $2.69T | $3.38T | $3.74T | $3.67T | $3.88T | $4.00T | $4.42T |
| Total liabilities | $2.24T | $2.28T | $2.37T | $2.43T | $3.11T | $3.45T | $3.37T | $3.55T | $3.66T | $4.06T |
| Shareholders' equity | $254.2B | $255.7B | $256.5B | $261.3B | $279.4B | $294.1B | $292.3B | $327.9B | $344.8B | $362.4B |
| Net debt | -$391.2B | -$431.3B | -$278.8B | -$263.6B | -$527.6B | -$740.8B | -$567.2B | -$624.2B | -$469.3B | -$343.3B |
Cash flow
Fiscal years, from JPMorgan Chase &'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.9B | -$10.8B | $15.6B | $4.1B | -$79.9B | $78.1B | $107.1B | $13.0B | -$42.0B | -$147.8B |
| Stock-based compensation | $1.9B | $2.1B | $2.3B | $2.3B | $2.5B | $2.9B | $2.8B | $3.1B | $3.5B | $3.6B |
| Dividends paid | $8.5B | $9.0B | $10.1B | $12.3B | $12.7B | $12.9B | $13.6B | $13.5B | $14.8B | $16.6B |
| Share buybacks (net) | -$9.1B | -$15.4B | -$20.0B | -$24.0B | -$6.5B | -$18.4B | -$3.2B | -$9.8B | -$18.8B | -$31.6B |
| Net borrowing | -$2.5B | $16.5B | — | — | — | — | — | — | — | — |
| Dividends per share | $2.30 | $2.51 | $2.96 | $3.82 | $4.11 | $4.25 | $4.57 | $4.57 | $5.13 | $5.98 |
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What was JPMorgan Chase &'s revenue in 2025?
$182.4B in fiscal 2025, from its 10-K filing.
From JPMorgan Chase &'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.