financial statements

The full income statement, balance sheet, and cash-flow statement for JPMorgan Chase & Co. (JPM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	182B YoY+2.8%	178B YoY+12.3%	158B YoY+22.9%	129B YoY+5.8%	122B YoY+1.4%
Noninterest income	87.0B YoY+2.4%	85.0B YoY+23.4%	68.8B YoY+11.1%	62.0B YoY-10.6%	69.3B YoY+6.0%
Amortization of intangibles	292M YoY-13.9%	339M YoY+7.6%	315M YoY+117.2%	145M	—
Noninterest expense	95.6B YoY+4.2%	91.8B YoY+5.3%	87.2B YoY+14.5%	76.1B YoY+6.7%	71.3B YoY+7.0%
Provision for credit losses	14.2B YoY+33.1%	10.7B YoY+14.6%	9.32B YoY+45.9%	6.39B YoY+169.0%	-9.26B YoY-153.0%
Interest expense	—	—	81.3B YoY+211.6%	26.1B YoY+370.0%	5.55B YoY-44.2%
Interest & investment income	28.0B YoY+21.1%	23.1B YoY+23.6%	18.7B YoY+65.0%	11.3B YoY+50.8%	7.52B YoY-16.7%
Net interest income	95.4B YoY+3.1%	92.6B YoY+3.7%	89.3B YoY+33.8%	66.7B YoY+27.5%	52.3B YoY-4.1%
Pre-tax income	72.6B YoY-3.3%	75.1B YoY+21.9%	61.6B YoY+33.5%	46.2B YoY-22.5%	59.6B YoY+66.3%
Income tax	15.5B YoY-6.4%	16.6B YoY+37.7%	12.1B YoY+42.0%	8.49B YoY-24.4%	11.2B YoY+68.0%
	57.0B YoY-2.6%	58.5B YoY+17.9%	49.6B YoY+31.6%	37.7B YoY-21.9%	48.3B YoY+65.8%
Preferred dividends	1.10B YoY-12.7%	1.26B YoY-16.1%	1.50B YoY-5.9%	1.59B YoY-0.3%	1.60B YoY+1.1%
Net income to common	55.7B YoY-2.1%	56.9B YoY+19.1%	47.8B YoY+33.1%	35.9B YoY-22.8%	46.5B YoY+69.7%
	$20.02 YoY+1.4%	$19.75 YoY+21.7%	$16.23 YoY+34.2%	$12.09 YoY-21.3%	$15.36 YoY+73.0%
EPS (basic)	$20.05 YoY+1.3%	$19.79 YoY+21.8%	$16.25 YoY+34.3%	$12.10 YoY-21.4%	$15.39 YoY+73.1%
Weighted-avg shares (basic)	2.78B YoY-3.4%	2.87B YoY-2.2%	2.94B YoY-0.9%	2.97B YoY-1.8%	3.02B YoY-2.0%
Weighted-avg shares (diluted)	2.78B YoY-3.4%	2.88B YoY-2.2%	2.94B YoY-0.9%	2.97B YoY-1.9%	3.03B YoY-2.0%
Dividends per share	$5.80 YoY+20.8%	$4.80 YoY+17.1%	$4.10 YoY+2.5%	$4.00 YoY+5.3%	$3.80 YoY+5.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	343B YoY-26.8%	469B YoY-24.8%	624B YoY+10.0%	567B YoY-23.4%	741B YoY+40.4%
	4.42T YoY+10.5%	4.00T YoY+3.3%	3.88T YoY+5.7%	3.67T YoY-2.1%	3.74T YoY+10.6%
Property, plant & equipment	29.7B YoY+0.0%	29.7B YoY+0.0%	29.7B YoY+7.0%	27.7B YoY+2.5%	27.1B YoY-0.1%
Operating lease right-of-use	8.90B YoY+4.8%	8.49B YoY+0.7%	8.43B YoY+8.3%	7.78B YoY-1.3%	7.89B YoY-1.5%
Goodwill	52.7B YoY+0.3%	52.6B YoY-0.1%	52.6B YoY+1.9%	51.7B YoY+2.7%	50.3B YoY+2.2%
Intangible assets	1.30B YoY-23.5%	1.70B YoY-15.0%	2.00B YoY+182.9%	707M	—
Short-term & current debt	64.8B YoY+22.5%	52.9B YoY+18.3%	44.7B YoY+1.6%	44.0B YoY-17.9%	53.6B YoY+18.5%
	4.06T YoY+11.1%	3.66T YoY+3.1%	3.55T YoY+5.2%	3.37T YoY-2.2%	3.45T YoY+11.1%
Long-term debt	270B YoY+0.0%	270B YoY+0.0%	270B YoY+0.0%	270B YoY+0.0%	270B YoY+0.0%
	362B YoY+5.1%	345B YoY+5.1%	328B YoY+12.2%	292B YoY-0.6%	294B YoY+5.3%
Preferred stock	8.15B YoY+0.0%	8.15B YoY+0.0%	8.15B YoY+0.0%	8.15B YoY+0.0%	8.15B YoY+0.0%
Common stock	4.11B YoY+0.0%	4.11B YoY+0.0%	4.11B YoY+0.0%	4.11B YoY+0.0%	4.11B YoY+0.0%
Additional paid-in capital	91.1B YoY+0.2%	90.9B YoY+0.9%	90.1B YoY+1.2%	89.0B YoY+0.7%	88.4B YoY+0.0%
Retained earnings	416B YoY+10.6%	376B YoY+13.0%	333B YoY+12.3%	296B YoY+8.9%	272B YoY+14.9%
Treasury stock	165B YoY+22.8%	134B YoY+15.3%	116B YoY+8.3%	107B YoY+1.8%	105B YoY+19.5%
Accumulated other comprehensive income	-4.29B YoY+65.6%	-12.5B YoY-19.3%	-10.4B YoY+39.8%	-17.3B YoY-20544.0%	-84.0M YoY-101.1%
Total equity incl. non-controlling	248B YoY+0.0%	248B YoY+0.0%	248B YoY+0.0%	248B YoY+0.0%	248B YoY+0.0%
Total liabilities & equity	4.42T YoY+10.5%	4.00T YoY+3.3%	3.88T YoY+5.7%	3.67T YoY-2.1%	3.74T YoY+10.6%
Common shares issued	4.10B YoY+0.0%	4.10B YoY+0.0%	4.10B YoY+0.0%	4.10B YoY+0.0%	4.10B YoY+0.0%
Common shares outstanding	2.70B YoY-3.6%	2.80B YoY-2.7%	2.88B YoY-2.0%	2.93B YoY-0.3%	2.94B YoY-3.5%
Shares outstanding (cover)	2.72B YoY-3.3%	2.82B YoY-2.6%	2.89B YoY-1.4%	2.93B YoY-0.7%	2.96B YoY-3.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-148B YoY-251.8%	-42.0B YoY-423.8%	13.0B YoY-87.9%	107B YoY+37.2%	78.1B YoY+197.7%
Depreciation & amortization	8.82B YoY+11.1%	7.94B YoY+5.7%	7.51B YoY+6.5%	7.05B YoY-11.1%	7.93B YoY-7.9%
Share-based compensation	3.61B YoY+3.1%	3.50B YoY+12.4%	3.12B YoY+11.6%	2.79B YoY-4.6%	2.93B YoY+19.5%
Deferred income taxes	5.61B YoY+180.0%	2.00B YoY+144.2%	-4.53B YoY-65.6%	-2.74B YoY-173.1%	3.75B YoY+204.9%
Other operating activities	9.56B YoY+55.2%	6.16B YoY+34.5%	4.58B YoY+95.9%	2.34B YoY+687.7%	-398M YoY-112.8%
	-266B YoY-62.5%	-163B YoY-341.6%	67.6B YoY+149.1%	-138B YoY-6.6%	-129B YoY+50.6%
Acquisitions	0.00 YoY-100.0%	2.36B YoY-76.2%	9.92B	0.00	0.00
Sales/maturities of investments	37.4B YoY-2.8%	38.5B YoY-28.4%	53.7B YoY+37.2%	39.2B YoY-21.8%	50.1B YoY-13.2%
Other investing activities	12.7B YoY+490.2%	2.15B YoY-87.2%	16.7B YoY+40.3%	11.9B YoY+8.0%	11.0B YoY+50.4%
	270B YoY+324.8%	63.4B YoY+348.1%	-25.6B YoY+79.7%	-126B YoY-145.7%	276B YoY-53.7%
Common stock repurchased	31.6B YoY+67.8%	18.8B YoY+91.7%	9.82B YoY+210.7%	3.16B YoY-82.8%	18.4B YoY+182.5%
Dividends paid	16.6B YoY+12.5%	14.8B YoY+9.8%	13.5B YoY-0.7%	13.6B YoY+5.5%	12.9B YoY+1.3%
Other financing activities	-2.42B YoY-64.4%	-1.47B YoY+3.4%	-1.52B YoY-750.0%	234M YoY+115.8%	-1.48B YoY-59.3%
FX effect on cash	17.8B YoY+238.6%	-12.9B YoY-787.7%	1.87B YoY+111.2%	-16.6B YoY-44.6%	-11.5B YoY-225.7%
Net change in cash	-126B YoY+18.6%	-155B YoY-372.0%	56.9B YoY+132.8%	-174B YoY-181.4%	213B YoY-19.2%
Interest paid	96.4B YoY-3.2%	99.6B YoY+29.2%	77.1B YoY+233.2%	23.1B YoY+350.1%	5.14B YoY-60.7%
Income taxes paid	5.31B YoY-54.7%	11.7B YoY+18.2%	9.91B YoY+127.5%	4.36B YoY-76.8%	18.7B YoY+130.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	877B YoY+30.0%	675B YoY+37.2%	492B YoY+25.0%	393B YoY-15.9%	468B YoY+20.8%
P/E	15.4× YoY+33.4%	11.5× YoY+20.3%	9.6× YoY-9.7%	10.6× YoY+9.6%	9.7× YoY-27.1%
P/B	2.4× YoY+23.6%	2.0× YoY+26.3%	1.5× YoY+13.5%	1.4× YoY-14.2%	1.6× YoY+14.7%
P/FCF	—	—	9.1× YoY+110.8%	4.3× YoY-27.9%	6.0×
Earnings yield	6.5% YoY-25.0%	8.7% YoY-16.9%	10.4% YoY+10.8%	9.4% YoY-8.8%	10.3% YoY+37.2%
FCF yield	—	—	11.0% YoY-52.6%	23.1% YoY+38.6%	16.7%
Dividend yield	1.8% YoY-10.1%	2.0% YoY-16.9%	2.4% YoY-19.2%	3.0% YoY+24.3%	2.4% YoY-15.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: JPM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all JPM filings on SEC EDGAR → Not investment advice.

JPM▼ financial statements

About this data

financial statements