JPM

MKT CAP:$831B

JPMorgan Chase & Co.

Market Cap

$831B

Financial Services·Banks - Diversified·🇺🇸 United States·NYSE

Financials·Banks·🇺🇸·NYSE

Stock Price

$309.29-$16.19 (-4.97%)

Apr 24, 2026

Company Details

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM)....

CEO

James Dimon

IPO Date

Mar 17, 1980

Website

www.jpmorganchase.com

Key Metrics TTM

Revenue

$284.4B

+5.0% YoY

Net Income

$60.5B

EPS (Diluted)

$21.32

Free Cash Flow

-$119.7B

Revenue / Share

$101.80

Gross Margin

61.3%

Operating Margin

26.7%

Net Margin

21.3%

FCF Margin

-42.1%

P/S

2.9x

P/E

13.7x

Earnings Reports

Q1 2026

Apr 14, 2026

NEW

$73.7B+6.9%EPS $5.94

FY 2025

Feb 13, 2026

$279.7B+3.3%EPS $20.05

Q3 2025

Nov 4, 2025

$71.9B+3.2%EPS $5.07

Q2 2025

Aug 5, 2025

$69.9B+3.1%EPS $5.24

Q1 2025

May 1, 2025

$68.9B+4.0%EPS $5.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$32.3B	$29.3B	$10.1B
Q2 22	$34.2B	$29.6B	$10.9B
Q3 22	$40.8B	$31.2B	$12.0B
Q4 22	$47.4B	$32.3B	$13.2B
Q1 23	$54.6B	$36.1B	$16.0B
Q2 23	$58.4B	$35.7B	$17.6B
Q3 23	$61.6B	$38.4B	$16.7B
Q4 23	$61.9B	$35.8B	$11.3B
Q1 24	$66.3B	$40.0B	$17.3B
Q2 24	$67.8B	$39.0B	$23.4B
Q3 24	$69.7B	$39.5B	$17.0B
Q4 24	$67.0B	$40.1B	$17.4B
Q1 25	$68.9B	$42.0B	$18.4B
Q2 25	$69.9B	$42.0B	$18.3B
Q3 25	$71.9B	$43.0B	$18.7B
Q1 26	$73.7B	$47.3B	$20.5B

Valuation

Quarter	P/S	P/E
Q1 22	3.3x	9.9x
Q2 22	2.7x	8.8x
Q3 22	2.3x	8.6x
Q4 22	2.6x	10.8x
Q1 23	2.2x	9.1x
Q2 23	2.1x	9.0x
Q3 23	1.9x	8.2x
Q4 23	2.1x	10.1x
Q1 24	2.3x	11.4x
Q2 24	2.3x	10.9x
Q3 24	2.3x	11.1x
Q4 24	2.5x	11.6x
Q1 25	2.5x	11.6x
Q2 25	2.9x	14.3x
Q3 25	3.2x	15.2x
Q1 26	2.8x	13.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$85.1B	$85.1B
Q1 22	-$41.9B	-$41.9B
Q2 22	$66.0B	$66.0B
Q3 22	-$18.2B	-$18.2B
Q4 22	$101.2B	$101.2B
Q1 23	-$111.2B	-$111.2B
Q2 23	$18.9B	$18.9B
Q3 23	$45.1B	$45.1B
Q4 23	$60.2B	$60.2B
Q1 24	-$154.2B	-$154.2B
Q2 24	$38.5B	$38.5B
Q3 24	-$74.1B	-$74.1B
Q4 24	$147.8B	$147.8B
Q1 25	-$251.8B	-$251.8B
Q2 25	$29.5B	$29.5B
Q3 25	-$45.2B	-$45.2B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-3.8%	+39.8%
Q2 22	+7.5%	+39.5%
Q3 22	+31.3%	+69.9%
Q4 22	+54.3%	+89.1%
Q1 23	+68.9%	+73.6%
Q2 23	+70.8%	+74.9%
Q3 23	+51.0%	+55.8%
Q4 23	+30.7%	+48.2%
Q1 24	+21.3%	+26.6%
Q2 24	+16.1%	+8.7%
Q3 24	+13.1%	+17.5%
Q4 24	+8.2%	-1.9%
Q1 25	+4.0%	+3.1%
Q2 25	+3.1%	+16.3%
Q3 25	+3.2%	+0.9%
Q1 26	+9.9%	+7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$631M	1.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$10.8B	$920M
Q2 22	$10.3B	$881M
Q3 22	$10.5B	$1.0B
Q4 22	$10.0B	$1.1B
Q1 23	$12.0B	$1.0B
Q2 23	$11.2B	$1.1B
Q3 23	$11.7B	$1.1B
Q4 23	$11.8B	$1.3B
Q1 24	$13.4B	$1.2B
Q2 24	$13.0B	$1.2B
Q3 24	$12.8B	$1.3B
Q4 24	$12.5B	$1.3B
Q1 25	$14.4B	$1.3B
Q2 25	$13.7B	$1.3B
Q3 25	$13.6B	$1.5B
Q1 26	$19.8B	$1.6B

Revenue Segments

Quarter	Asset and Wealth Management Segment	Commercial Banking	Consumer & Community Banking	Corporate	Corporate & Investment Bank
Q1 22	$4.3B	$2.4B	$12.2B	-$881M	$13.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$669.3B	$206.9B	$876.2B
Q3 22	$644.2B	$177.0B	$821.2B
Q4 22	$567.2B	$196.7B	$763.9B
Q1 23	$546.0B	$183.5B	$729.5B
Q2 23	$495.1B	$190.4B	$685.5B
Q3 23	$511.4B	$184.6B	$695.9B
Q4 23	$624.2B	$192.5B	$816.6B
Q1 24	$562.1B	$225.3B	$787.5B
Q2 24	$530.8B	$257.1B	$787.9B
Q3 24	$434.3B	$947.5B	$1.4T
Q4 24	$469.3B	$898.4B	$1.4T
Q1 25	$425.9B	$1.0T	$1.5T
Q2 25	$420.3B	$1.1T	$1.6T
Q3 25	$303.4B	$1.2T	$1.5T
Q4 25	$343.3B	$1.1T	$1.5T
Q1 26	$312.1B	$1.6T	$1.9T

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	2.98B	-0.0%	-3.2%
Q2 22	2.97B	-0.5%	-2.5%
Q3 22	2.97B	-0.0%	-1.3%
Q4 22	2.97B	+0.1%	-0.5%
Q1 23	2.97B	+0.2%	-0.3%
Q2 23	2.95B	-0.8%	-0.6%
Q3 23	2.93B	-0.5%	-1.1%
Q4 23	2.92B	-0.4%	-1.6%
Q1 24	2.91B	-0.2%	-2.0%
Q2 24	2.89B	-0.6%	-1.8%
Q3 24	2.87B	-1.0%	-2.3%
Q4 24	2.84B	-0.8%	-2.6%
Q1 25	2.82B	-0.6%	-3.0%
Q2 25	2.79B	-1.1%	-3.5%
Q3 25	2.79B	0.0%	-2.5%
Q1 26	2.79B	0.0%	-1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$119.3K	271K
Q2 22	$126.3K	271K
Q3 22	$150.5K	271K
Q4 22	$161.3K	294K
Q1 23	$186.0K	294K
Q2 23	$199.0K	294K
Q3 23	$209.7K	294K
Q4 23	$199.8K	310K
Q1 24	$213.8K	310K
Q2 24	$218.9K	310K
Q3 24	$224.8K	310K
Q4 24	$211.2K	317K
Q1 25	$217.2K	317K
Q2 25	$220.4K	317K
Q3 25	$226.7K	317K
Q1 26	$231.3K	319K

Revenue / Employee