JPM: the annual earnings and cash-flow comparison
A two-period review of JPM revenue, profitability and cash conversion; reported revenue growth was 2.75%.
Data through 2025-12-31
JPM / Financials
National Commercial Banks
JPMORGAN CHASE & CO is an SEC-reporting issuer listed on NYSE under JPM. Its SEC industry description is National Commercial Banks. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2025-12-31 | 2024-12-31 | Source filed |
|---|---|---|---|
| Revenue | USD 182,447m | USD 177,556m | 2026-02-13 |
| Operating income | Not available | Not available | 2026-02-13 |
| Net income | USD 57,048m | USD 58,471m | 2026-02-13 |
| Diluted EPS | USD 20.02 | USD 19.75 | 2026-02-13 |
| Operating cash flow | USD -147,782m | USD -42,012m | 2026-02-13 |
| Capital expenditure | Not available | Not available | 2026-02-13 |
| Free cash flow | Not available | Not available | 2026-02-13 |
| Gross margin | Not available | Not available | 2026-02-13 |
| Operating margin | Not available | Not available | 2026-02-13 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 182447000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"frame": "CY2025",
"tag": "us-gaap:Revenues",
"unit": "USD"
},
"netIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 57048000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"tag": "us-gaap:NetIncomeLoss",
"unit": "USD"
},
"eps": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 20.02,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"frame": "CY2025",
"tag": "us-gaap:EarningsPerShareDiluted",
"unit": "USD/shares"
},
"operatingCashFlow": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": -147782000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"frame": "CY2025",
"tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
"unit": "USD"
},
"totalAssets": {
"end": "2025-12-31",
"val": 4424900000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"tag": "us-gaap:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2025-12-31",
"val": 4062462000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"tag": "us-gaap:Liabilities",
"unit": "USD"
},
"shareholdersEquity": {
"end": "2025-12-31",
"val": 362438000000,
"accn": "0001628280-26-008131",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-13",
"tag": "us-gaap:StockholdersEquity",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | USD 182,447m | USD 57,048m | USD 20.02 |
| 2024-12-31 | USD 177,556m | USD 58,471m | USD 19.75 |
| 2023-12-31 | USD 158,104m | USD 49,552m | USD 16.23 |
| 2022-12-31 | USD 128,695m | USD 37,676m | USD 12.09 |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
JPM filed this 10-K on 2026-02-13 for the reported period 2025-12-31. Reading focus: Net interest income, credit provisions, fee income, underwriting results and capital adequacy. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.
Read SEC original ↗A two-period review of JPM revenue, profitability and cash conversion; reported revenue growth was 2.75%.
Annual revenue of USD 182.447 billion and net income of USD 57.048 billion for the period ended 2025-12-31.
Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital.
Net interest income, credit provisions, fee income, underwriting results and capital adequacy.