Financials in USD. Standardized financial statements.
A compact view of how JPMorgan Chase & Co. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $279.75B | $270.79B | $236.27B | $153.82B | $127.24B | $129.84B | $142.51B | $129.82B | $114.58B | $106.39B |
| Revenue Growth? | +3.3% | +14.6% | +53.6% | +20.9% | -2.0% | -8.9% | +9.8% | +13.3% | +7.7% | 0.0% |
| Cost of Revenue? | $112.14B | $112.00B | $90.60B | $32.43B | -$3.67B | $27.37B | $32.38B | $25.91B | $19.16B | $15.18B |
| Gross Profit? | $167.61B | $158.78B | $145.67B | $121.39B | $130.91B | $102.47B | $110.14B | $103.91B | $95.42B | $91.21B |
| Gross Margin? | +59.9% | +58.6% | +61.7% | +78.9% | +102.9% | +78.9% | +77.3% | +80.0% | +83.3% | +85.7% |
| Operating Expenses? | $95.01B | $83.70B | $84.06B | $75.23B | $71.34B | $66.66B | $65.27B | $63.15B | $59.52B | $56.67B |
| Operating Income? | $72.59B | $75.08B | $61.61B | $46.17B | $59.56B | $35.81B | $44.87B | $40.76B | $35.90B | $34.54B |
| EBITDA? | $81.42B | $83.02B | $69.12B | $53.22B | $67.49B | $44.43B | $53.23B | $48.55B | $42.08B | $40.01B |
| Income Before Tax | $72.59B | $75.08B | $61.61B | $46.17B | $59.56B | $35.81B | $44.87B | $40.76B | $35.90B | $34.54B |
| Income Tax Expense | $15.55B | $16.61B | $12.06B | $8.49B | $11.23B | $6.68B | $8.44B | $8.29B | $11.46B | $9.80B |
| Net Income? | $57.05B | $58.47B | $49.55B | $37.68B | $48.33B | $29.13B | $36.43B | $32.47B | $24.44B | $24.73B |
| EPS? | $20.09 | $19.79 | $16.25 | $12.10 | $15.39 | $8.89 | $10.75 | $9.04 | $6.35 | $6.24 |
| Diluted EPS? | $20.05 | $19.75 | $16.23 | $12.09 | $15.36 | $8.88 | $10.72 | $9.00 | $6.31 | $6.19 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality