JPMorgan Chase & Co.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 127.24B | 153.82B | 236.27B | 270.79B | 279.75B | 3.3% | |
| Cost of Revenue | (3.67B) | (32.43B) | (90.60B) | (112.00B) | (112.14B) | 0.1% | |
Gross Profit | 130.91B | 121.39B | 145.67B | 158.78B | 167.61B | 5.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (41.60B) | (45.55B) | (51.06B) | (56.33B) | (60.02B) | 6.5% | |
| General & Administrative | (38.57B) | (41.64B) | (46.47B) | (51.36B) | (54.49B) | 6.1% | |
| Selling & Marketing | (3.04B) | (3.91B) | (4.59B) | (4.97B) | (5.53B) | 11.2% | |
| Depreciation & Amortization | (7.93B) | (7.05B) | (7.51B) | (7.94B) | (8.82B) | 11.1% | |
Operating Income (EBIT) | 59.56B | 46.17B | 61.61B | 75.08B | 72.59B | -3.3% | |
| Non-Operating Items | |||||||
| Interest Income | 57.86B | 92.81B | 170.59B | 193.93B | 193.34B | -0.3% | |
| Interest Expense | (5.55B) | (26.10B) | (81.32B) | (101.35B) | (97.90B) | -3.4% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 59.56B | 46.17B | 61.61B | 75.08B | 72.59B | -3.3% | |
| Income Tax Expense | (11.23B) | (8.49B) | (12.06B) | (16.61B) | (15.55B) | -6.4% | |
Net Income | 48.33B | 37.68B | 49.55B | 58.47B | 57.05B | -2.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $15 | $12 | $16 | $20 | $20 | 1.5% | |
| Weighted Avg Shares Outstanding | 3.02B | 2.97B | 2.94B | 2.87B | 2.79B | -3.0% | |
| Weighted Avg Shares Outstanding (Diluted) | 3.03B | 2.97B | 2.94B | 2.88B | 2.79B | -3.0% | |
EBITDA | 67.49B | 53.22B | 69.12B | 83.02B | 81.42B | -1.9% |
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