A Business at a Glance
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JPMorgan Chase & Co. (“JPMorganChase” or the “Firm”, NYSE: JPM), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362.4 billion in stockholders’ equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. JPMorganChase’s principal bank subsidiary is JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank, N.A.”), a national banking association with U.S. branches in 48 states and Washington, D.C. JPMorganChase’s principal non-bank subsidiary is J.P.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 182.4B | 182.4B | 177.6B | 158.1B | 128.7B | 121.6B |
| Net Income | 55.7B | 55.7B | 56.9B | 47.8B | 35.9B | 46.5B |
| EPS | $20.02 | $20.02 | $19.75 | $16.23 | $12.09 | $15.36 |
| Free Cash Flow | -147.8B | -147.8B | -42.0B | 13.0B | 107.1B | 78.1B |
| ROIC | 10.9% | 7.2% | 7.6% | 6.6% | 6.1% | 7.8% |
| Gross Margin | 92.2% | 92.2% | 94.0% | 94.1% | 95.0% | 92.4% |
| Debt/Equity | 1.38 | 1.38 | 1.32 | 1.33 | 1.16 | 1.21 |
| Dividends/Share | $5.98 | $5.80 | $4.80 | $4.10 | $4.00 | $3.80 |
| Operating Income | 72.6B | 72.6B | 75.1B | 61.6B | 46.2B | 59.6B |
| Operating Margin | 39.8% | 39.8% | 42.3% | 39.0% | 35.9% | 49.0% |
| ROE | 15.4% | 15.7% | 16.5% | 14.6% | 12.3% | 15.8% |
| Shares Outstanding | 2,781M | 2,781M | 2,879M | 2,943M | 2,969M | 3,028M |
JPMORGAN CHASE & CO passes 6 of 9 quality checks, suggesting mixed fundamentals.
JPMORGAN CHASE & CO trades at 15.7x trailing earnings, compared to its 15-year median P/E of 10.9x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 7.1% with a gross margin of 93.5%. Total shareholder yield (dividends + buybacks) is 5.5%. At current prices, the estimated annualized return to fair value is +33.7%.
JPMORGAN CHASE & CO (JPM) has a current P/E ratio of 15.7, compared to its historical median P/E of 10.9. The stock is currently considered Expensive based on its historical valuation range.
JPMORGAN CHASE & CO (JPM) has a 5-year average return on invested capital (ROIC) of 7.1%. This is below average and may indicate limited pricing power.
JPMORGAN CHASE & CO (JPM) has a market capitalization of $872.4B. It is classified as a mega-cap stock.
Yes, JPMORGAN CHASE & CO (JPM) pays a dividend with a trailing twelve-month yield of 1.91%. The company also returns capital through share buybacks, with a buyback yield of 3.62%.
Based on historical P/E analysis, JPMORGAN CHASE & CO (JPM) appears expensive. The current P/E of 15.7 is 43% above its historical median of 10.9. The estimated fair value CAGR (P/E method) is 13.7%.
JPMORGAN CHASE & CO (JPM) operates in the National Commercial Banks industry, within the Financials sector.
JPMORGAN CHASE & CO (JPM) reported annual revenue of $182.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
JPMORGAN CHASE & CO (JPM) has a net profit margin of 30.5%. This is a strong margin indicating high profitability.
JPMORGAN CHASE & CO (JPM) generated $-147.8 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
JPMORGAN CHASE & CO (JPM) has a debt-to-equity ratio of 1.38. This indicates moderate leverage.
JPMORGAN CHASE & CO (JPM) reported earnings per share (EPS) of $20.02 in its most recent fiscal year.
JPMORGAN CHASE & CO (JPM) has a return on equity (ROE) of 15.7%. This indicates the company generates strong returns for shareholders.
JPMORGAN CHASE & CO (JPM) has a 5-year average gross margin of 93.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for JPMORGAN CHASE & CO (JPM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
JPMORGAN CHASE & CO (JPM) has a book value per share of $130.31, based on its most recent annual SEC filing.