Financials in USD. Standardized financial statements.
A compact view of how JPMorgan SmartRetirement 2040 Fund Class A turns revenue into operating income and net income.
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $146.01B | $122.30B | $130.90B | $102.47B | $110.13B | $103.74B | $94.75B | $91.21B | $89.20B | $91.97B |
| Revenue Growth? | +19.4% | -6.6% | +27.7% | -7.0% | +6.2% | +9.5% | +3.9% | +2.2% | -3.0% | 0.0% |
| Cost of Revenue? | $0 | -$8.00M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit? | $146.01B | $122.31B | $130.90B | $102.47B | $110.13B | $103.74B | $94.75B | $91.21B | $89.20B | $91.97B |
| Gross Margin? | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% |
| Operating Expenses? | $84.40B | $76.13B | $71.34B | $66.66B | $65.27B | $62.98B | $58.84B | $56.67B | $58.50B | $61.27B |
| Operating Income? | $61.74B | $46.17B | $59.56B | $36.93B | $45.10B | $40.84B | $35.22B | $34.22B | $33.16B | $33.58B |
| EBITDA? | -$1.92B | -$1.78B | -$1.83B | -$2.84B | -$2.03B | -$1.84B | -$1.19B | -$1.58B | -$4.25B | -$4.55B |
| Income Before Tax | $59.82B | $44.38B | $57.73B | $35.81B | $43.08B | $40.76B | $35.90B | $34.54B | $30.70B | $30.70B |
| Income Tax Expense | $12.06B | $8.49B | $11.23B | $6.68B | $8.44B | $8.29B | $11.46B | $9.80B | $6.26B | $8.95B |
| Net Income? | $47.76B | $35.89B | $46.50B | $27.41B | $34.64B | $30.71B | $22.57B | $22.83B | $22.65B | $20.08B |
| EPS? | $16.23 | $12.09 | $15.36 | $8.88 | $10.72 | $9.00 | $6.31 | $6.19 | $6.00 | $5.29 |
| Diluted EPS? | $16.23 | $12.08 | $15.36 | $8.88 | $10.72 | $9.00 | $6.31 | $6.19 | $6.00 | $5.29 |
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