JPM FY 2022 Earnings Report — JPMorgan Chase & Co. Revenue & Financial Results | Market Cap Arena

JPMorgan Chase & Co.JPM

FY 2022 Earnings

Reported February 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$153.8B	—	$127.2B	—	20.9%
Op. Income	$46.2B	—	$59.6B	—	-22.5%
Gross Margin	78.9%	—	102.9%	—	-24.0pp
Net Margin	24.5%	—	38.0%	—	-13.5pp
EPS (Diluted)	$12.09	—	$15.36	—	-21.3%
Free Cash Flow	$107.1B	—	$78.1B	—	37.2%

Revenue Flow

Item	Amount
REVENUE	$153.8B
Cost of Revenue	$32.4B
GROSS PROFIT	$121.4B
R&D Expenses	$0
Selling & Marketing	$3.9B
General & Administrative	$41.6B
SG&A Expenses	$45.5B
Other Expenses	$29.7B
Operating Expenses	$75.2B
Cost & Expenses	$107.7B
OPERATING INCOME	$46.2B
Interest Income	$92.8B
Interest Expense	$26.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$46.2B
Income Tax Expense	$8.5B
Net Income from Continuing Ops	$37.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35.9B
D&A	$7.1B
EBIT	$46.2B
EBITDA	$53.2B
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$153.8B
Cost of Revenue	$32.4B
GROSS PROFIT	$121.4B
R&D Expenses	$0
Selling & Marketing	$3.9B
General & Administrative	$41.6B
SG&A Expenses	$45.5B
Other Expenses	$29.7B
Operating Expenses	$75.2B
Cost & Expenses	$107.7B
OPERATING INCOME	$46.2B
Interest Income	$92.8B
Interest Expense	$26.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$46.2B
Income Tax Expense	$8.5B
Net Income from Continuing Ops	$37.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35.9B
D&A	$7.1B
EBIT	$46.2B
EBITDA	$53.2B
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$37.7B
Depreciation & Amortization	$7.1B
Stock-Based Compensation	$0
Deferred Income Tax	-$2.7B
Other Non-Cash Items	$32.4B
Change in Working Capital	$32.7B
OPERATING CASH FLOW	$107.1B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$159.9B
Sales/Maturities of Investments	$172.4B
Other Investing Activities	-$150.3B
NET CASH FROM INVESTING	-$137.8B
Net Debt Issuance	$23.9B
Common Stock Repurchased	-$10.6B
Common Dividends Paid	-$13.6B
Other Financing Activities	-$126.0B
NET CASH FROM FINANCING	-$126.3B
FREE CASH FLOW	$107.1B
Net Change in Cash	-$173.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$567.2B
Short-Term Investments	$556.8B
Net Receivables	$310.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4T
PP&E (Net)	$27.7B
Goodwill	$51.7B
Intangible Assets	$9.2B
Long-Term Investments	$1.5T
Tax Assets	$0
Other Non-Current Assets	$601.3B
TOTAL NON-CURRENT ASSETS	$2.2T
TOTAL ASSETS	$3.7T
Account Payables	$188.7B
Short-Term Debt	$246.6B
Deferred Revenue	$0
Other Current Liabilities	$2.5T
TOTAL CURRENT LIABILITIES	$3.1T
Long-Term Debt	$295.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23.9B
TOTAL NON-CURRENT LIABILITIES	$319.8B
TOTAL LIABILITIES	$3.4T
Common Stock	$4.1B
Additional Paid-In Capital	$89.0B
Retained Earnings	$296.5B
Treasury Stock	-$107.3B
Accum. Other Comp. Income	-$17.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$292.3B
Minority Interest	$0
TOTAL EQUITY	$292.3B
TOTAL LIABILITIES & EQUITY	$3.7T
Total Debt	$542.5B
Net Debt	-$24.7B