Income StatementBalance SheetCash FlowBusiness Segments
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JPMorgan Chase Cash Flow Statement

Operating, investing, and financing cash movements

JPMorgan Chase generated -$341.6B in operating cash flow over the trailing twelve months. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)-$129.5BNet Cash From Investing (TTM)-$101.1BNet Cash From Financing (TTM)$143.26BDepreciation And Amortization (TTM)$8.8BNet Change In Cash (TTM)-$77.1B
Latest FilingQ4 2025
Report Date2026-02-13
Market Cap$762.83B
P/E Ratio13.70
ROE15.75%

Investing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Acquisitions, net of cash acquired$590.5M$590.5M$0.0$0.0$0.0$0.0
Net change in fed funds sold and resale agreements$2.2B—-$134.5B-$41.0B$44.9B—
Proceeds from sale of finance receivables$14.7B$14.1B$12.0B$14.0B$15.0B$16.6B
Net cash from investing activities-$43.4B—-$118.1B-$173.1B-$21.3B—
Net change in loans and leases-$28.4B-$30.2B-$16.1B-$67.0B-$41.2B-$64.1B
Other investing activities-$1.9B$3.4B$2.0B$2.7B$4.7B$3.3B
Proceeds from fixed maturity securities$23.2B$20.2B$55.8B$29.6B$31.8B$24.0B
Purchases of fixed maturity securities$1.3B$2.4B$1.6B$1.5B$1.7B$592.0M
Purchases of investments$86.8B$119.6B$53.7B$118.4B$85.0B$51.6B

Operating

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Change in accrued investment income-$13.1B-$21.2B$17.1B$6.8B$17.5B—
Change in other assets$6.9B$6.2B-$7.6B$12.6B$2.5B$5.0B
Change in other liabilities$4.2B-$17.5B$1.3B-$9.0B$13.7B—
Other working capital changes$2.0B$0.0$2.4B$4.3B$1.2B$1.7B
Deferred income taxes$1.4B$2.2B$524.0M-$942.0M$4.6B$1.5B
Depreciation and amortization$2.0B$2.0B$2.0B$2.2B$2.3B$2.3B
Change in financial instruments used in operating activities$46.6B—$231.7B$14.0B$59.4B—
Change in securities borrowed$53.3B—$19.2B-$14.7B$24.4B$37.8B
Change in trading liabilities$270.0M—-$10.5B$40.2B$18.4B—
First Republic-related gains$0.0—————
Other non-cash income (expense)-$256.0M-$269.0M-$600.0M-$379.0M-$169.0M-$161.0M
Gain on Visa share exchange$0.0——$0.0$0.0—
Loans held for sale activity$48.4B$57.0B$62.7B$57.8B$50.8B$63.9B
Net cash from operating activities-$74.1B—-$251.8B$29.5B-$45.2B—
Net income$12.9B$14.0B$14.6B$15.0B$14.4B$13.0B
Provision for credit losses$3.1B$2.6B$3.3B$2.8B$3.4B$4.7B

Financing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Proceeds from issuance of debt$24.8B$31.0B$29.9B$24.0B$31.1B$35.7B
Repayments of debt$20.7B$29.2B$28.5B$22.4B$27.8B$29.5B
Dividends paid$3.7B$3.9B$3.8B$4.2B$4.2B$4.4B
Net change in beneficial interests issued by VIEs-$1.6B$1.5B-$2.4B$2.4B$94.0M-$685.0M
Net cash from financing activities$10.7B—$318.1B$122.8B-$47.8B—
Net change in deposits-$11.6B—$236.2B$62.3B-$27.8B—
Other financing activities-$510.0M$0.0-$1.7B-$155.0M-$439.0M-$142.0M
Proceeds from issuance of preferred stock$0.0$0.0$3.0B$0.0$0.0$0.0
Redemption of preferred stock$2.3B$1.6B$3.0B$0.0$0.0$0.0
Repurchases of common stock$6.4B$4.3B$7.5B$7.5B$8.3B$8.3B
Net change in short-term borrowings$3.1B$2.1B$10.8B-$45.0M$3.4B—

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Effect of exchange rate changes on cash$10.2B-$14.6B$8.4B$15.1B-$2.6B—
Net increase (decrease) in cash-$96.6B—-$43.4B-$5.6B-$116.9B—

Supplemental

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income taxes paid$1.3B$2.8B$1.7B$3.0B-$1.5B$2.1B
Interest paid$26.3B$24.8B$23.6B$24.4B$24.8B$23.7B

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