Large U.S. bank providing consumer banking, commercial banking, investment banking, payments, and asset management services.MoreShow less
Profile & Fundamentals
JPMorgan Chase (JPM.NYSE) Profile & Fundamentals
Review JPMorgan Chase reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
JPMorgan Chase: Company Profile & Ownership
JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash management; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, payment solutions, travel services, merchant offers, lifestyle benefits, auto loans, and leases to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. It also provides investment banking, market-making, financing, custody, and securities products and services; corporate strategy and structure advisory, equity and debt market capital-raising, and loan origination and syndication services; cash and derivative instruments, risk management solutions, prime brokerage, clearing, and research; and fund services, liquidity and trading services, and data solutions products for large corporations, financial institutions, merchants, start-ups, small and midsized companies, local governments, municipalities, nonprofits, and commercial real estate clients. In addition, the company offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; retirement products and services, estate planning, lending, deposits, and investment management products to high-net-worth clients; and financial transaction processing. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
Company profile record
JPMorgan Chase & Co
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- JPMorgan Chase & Co
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇺🇸 United States
- Head office
- 270 Park Avenue, New York, NY, United States, 10017
Leadership & scale
- Chief executive
- Mr. James Dimon
- CEO year born
- 1956
- Full-time employees
- 323K
- Fiscal year end
- December
- IPO date
- 1978-10-06
Fundamentals snapshot
- Market Cap
- USD 897.4B
- P/E
- 13.6x
- Revenue (Q3 26)
- USD 76.2B
- Profit (Q3 26)
- USD 15.3B
- Dividend Yield
- 1.3%
- Revenue (FY 25)
- USD 279.7B
- Shares in public float
- 2.6B
- Insider ownership
- 0.39%
Reporting & identifiers
- Symbol
- JPM.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US46625H1005
- Asset ID
- equity_1c813d87-88dc-564d-9504-8547b80a1cc2
JPMorgan Chase: Ownership
Shares Outstanding
Latest: 2.7B | Max: 3.5B | Min: 2.7B
Latest reported ownership snapshot
Float Shares
98.45%
2.6B latest reported shares
Insider Ownership
0.39%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 3,512,200,000 |
| 2018-01-01 | 3,347,300,000 |
| 2019-01-01 | 3,153,884,000 |
| 2020-01-01 | 3,085,184,000 |
| 2021-01-01 | 2,981,800,000 |
| 2022-01-01 | 2,967,100,000 |
| 2023-01-01 | 2,919,100,000 |
| 2024-01-01 | 2,842,400,000 |
| 2025-01-01 | 2,740,500,000 |
| 2026-01-01 | 2,683,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 206,290,537 | 7.77% | 2026-06-30 |
| Vanguard Capital Management, LLC | 161,586,023 | 6.08% | 2026-06-30 |
| State Street Corp | 125,209,293 | 4.71% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 84,374,881 | 3.18% | 2026-09-30 |
| Vanguard 500 Index Investor | 69,807,251 | 2.63% | 2026-09-30 |
| Bank of America Corp | 69,666,753 | 2.62% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 67,092,426 | 2.53% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 65,819,503 | 2.48% | 2026-06-30 |
| Geode Capital Management, LLC | 61,707,794 | 2.32% | 2026-06-30 |
| NORGES BANK | 36,122,327 | 1.36% | 2026-06-30 |
| iShares Core S&P 500 ETF | 35,368,403 | 1.33% | 2026-10-23 |
| Fidelity 500 Index | 34,782,471 | 1.31% | 2026-08-31 |
| State Street® SPDR® S&P 500® ETF | 32,505,777 | 1.22% | 2026-10-29 |
| Northern Trust Corp | 30,677,237 | 1.16% | 2026-06-30 |
| Capital Research Global Investors | 27,746,323 | 1.04% | 2026-06-30 |
JPMorgan Chase: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
JPMorgan Chase delivered extraordinary headline financial results through mid-2026, generating trailing twelve-month revenue of 298 billion dollars and net income of 65.1 billion dollars. Second-quarter 2026 GAAP net income surged to 21.2 billion dollars, energized by resilient net interest yields, an 86% leap in equities trading, and a thirty-percent rebound in investment banking fees. However, forensic examination reveals that recent results were significantly flattered by a 5.6 billion dollar pre-tax gain, primarily from Visa share exchanges. Excluding these significant one-time items, underlying quarterly net income stood closer to 16.9 billion dollars. Furthermore, negative reported free cash flow reflects balance-sheet asset expansion rather than operational cash burn. While recurring earnings power remains exceptionally robust, headline profit growth will decelerate as trading activity normalizes and credit provisions increase.
JPMorgan Chase delivered extraordinary headline financial results through mid-2026, generating trailing twelve-month revenue of 298 billion dollars and net income of 65.1 billion dollars. Second-quarter 2026 GAAP net income surged to 21.2 billion dollars, energized by resilient net interest yields, an 86% leap in equities trading, and a thirty-percent rebound in investment banking fees. However, forensic examination reveals that recent results were significantly flattered by a 5.6 billion dollar pre-tax gain, primarily from Visa share exchanges. Excluding these significant one-time items, underlying quarterly net income stood closer to 16.9 billion dollars. Furthermore, negative reported free cash flow reflects balance-sheet asset expansion rather than operational cash burn. While recurring earnings power remains exceptionally robust, headline profit growth will decelerate as trading activity normalizes and credit provisions increase.
Revenue, Net Income, and Free Cash Flow
Latest: USD 279.7B | Max: USD 279.7B | Min: USD -147.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 16x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Reported profitability metrics currently sit at the apex of the banking cycle. Operating profit margins reached 26.0% in fiscal 2025, while adjusted return on tangible common equity reached an extraordinary 23% in the second quarter of 2026. This elite profitability was driven by wide lending spreads under elevated benchmark interest rates, complemented by high-margin advisory fees and vibrant market-making volatility. Nevertheless, these peak margins face natural cyclical gravity over the forecast horizon. Positive operating leverage was neutral in recent quarters as expenses grew at fifteen percent, perfectly matching managed revenue expansion. As deposit betas catch up to restrictive policy rates and credit loss provisions normalize from historically benign levels, profit conversion will moderate. Return on tangible common equity is projected to settle toward a durable through-cycle equilibrium near sixteen to seventeen percent.
Reported profitability metrics currently sit at the apex of the banking cycle. Operating profit margins reached 26.0% in fiscal 2025, while adjusted return on tangible common equity reached an extraordinary 23% in the second quarter of 2026. This elite profitability was driven by wide lending spreads under elevated benchmark interest rates, complemented by high-margin advisory fees and vibrant market-making volatility. Nevertheless, these peak margins face natural cyclical gravity over the forecast horizon. Positive operating leverage was neutral in recent quarters as expenses grew at fifteen percent, perfectly matching managed revenue expansion. As deposit betas catch up to restrictive policy rates and credit loss provisions normalize from historically benign levels, profit conversion will moderate. Return on tangible common equity is projected to settle toward a durable through-cycle equilibrium near sixteen to seventeen percent.
Profitability Margins
Latest: 59.9% | Max: >100.0% | Min: 20.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
59.9%
Gross profit / revenue
Operating Margin
26.0%
Operating income / revenue
Net Margin
20.4%
Net income / revenue
FCF Margin
-52.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 106,387,000,000 | 24,733,000,000 | 21,884,000,000 |
| 2017-12-31 | 114,579,000,000 | 24,441,000,000 | -10,827,000,000 |
| 2018-12-31 | 129,824,000,000 | 32,474,000,000 | 15,614,000,000 |
| 2019-12-31 | 142,515,000,000 | 36,431,000,000 | 4,092,000,000 |
| 2020-12-31 | 129,843,000,000 | 29,131,000,000 | -79,910,000,000 |
| 2021-12-31 | 127,238,000,000 | 48,334,000,000 | 78,084,000,000 |
| 2022-12-31 | 153,824,000,000 | 37,676,000,000 | 107,119,000,000 |
| 2023-12-31 | 236,273,000,000 | 49,552,000,000 | 12,974,000,000 |
| 2024-12-31 | 270,789,000,000 | 58,471,000,000 | -42,012,000,000 |
| 2025-12-31 | 279,745,000,000 | 57,048,000,000 | -147,782,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 15.8 | Trailing four quarters |
| 2024-12-31 | 11.7 | Trailing four quarters |
| 2023-12-31 | 10 | Trailing four quarters |
| 2022-12-31 | 10.6 | Annual net income |
| 2021-12-31 | 9.8 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 85.73 | 32.46 | 23.25 | 20.57 |
| 2017-12-31 | 83.27 | 31.33 | 21.33 | -9.45 |
| 2018-12-31 | 80.04 | 31.4 | 25.01 | 12.03 |
| 2019-12-31 | 77.28 | 31.48 | 25.56 | 2.87 |
| 2020-12-31 | 78.92 | 27.58 | 22.44 | -61.54 |
| 2021-12-31 | 102.88 | 46.81 | 37.99 | 61.37 |
| 2022-12-31 | 78.92 | 30.01 | 24.49 | 69.64 |
| 2023-12-31 | 61.65 | 26.08 | 20.97 | 5.49 |
| 2024-12-31 | 58.64 | 27.73 | 21.59 | -15.51 |
| 2025-12-31 | 59.91 | 25.95 | 20.39 | -52.83 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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