Income StatementBalance SheetCash FlowBusiness Segments
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JPMorgan Chase Income Statement

Revenue, expenses, and profitability over time

JPMorgan Chase generated $182.45B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $55.7B with a 30.52% net margin. Diluted EPS is $20.02, which grew 0.0% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$182.45BNet Income (TTM)$55.7BEps Diluted (TTM)$20.02
Latest FilingQ4 2025
Report Date2026-02-13
Market Cap$762.83B
P/E Ratio13.70
ROE15.75%

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Card income$1.3B$1.6B$1.2B$1.3B$1.1B$1.0B
Administration fees$660.0M—$649.0M$675.0M$713.0M—
Advisory fees$847.0M—$688.0M$849.0M$930.0M—
All other commissions and fees$491.0M—$484.0M$571.0M$574.0M—
Brokerage commissions and fees$785.0M—$900.0M$948.0M$917.0M—
Commissions and other fees$1.9B$1.9B$2.0B$2.2B$2.2B$2.1B
Deposit-related fees$1.4B—$1.6B$1.7B$1.8B—
Gain (loss) on sale of loans$47.0M—-$70.0M$106.0M$59.0M—
Interest income, fed funds and repos$5.2B—$4.2B$4.6B$4.5B—
Interest and fee income, loans and leases$23.5B—$22.4B$23.0B$24.0B—
Interest income, non-taxable securities$298.0M—$270.0M$273.0M$294.0M—
Interest income, securities borrowed$2.5B—$2.3B$2.2B$2.2B—
Interest income, taxable securities$5.8B—$6.0B$6.7B$7.1B—
Investment banking fees$2.2B$2.4B$2.2B$2.5B$2.6B$2.3B
Lending and deposit-related fees$1.9B$2.0B$2.1B$2.2B$2.3B$2.4B
Lending-related fees$542.0M—$533.0M$560.0M$554.0M—
Mortgage fees and related income$402.0M$376.0M$278.0M$363.0M$383.0M$357.0M
Mortgage servicing fees$396.0M—$402.0M$412.0M$404.0M—
Operating lease income$706.0M—$829.0M$901.0M$990.0M—
Principal transactions revenue$6.0B$5.2B$7.6B$7.1B$7.1B$5.3B
Private equity gains (losses)-$2.0M—-$13.0M$8.0M-$11.0M—
Trading revenue$6.0B—$7.6B$7.1B$7.1B—
Underwriting fees$1.4B—$1.5B$1.7B$1.7B—
Management fees$98.0M$17.5B$97.0M$98.0M$105.0M$20.0B
Net interest income$23.4B$23.4B$23.3B$23.2B$24.0B$25.0B
Net interest income after provision for credit losses$20.3B—$20.0B$20.4B$20.6B—
Other revenue$960.0M$1.2B$1.9B$1.2B$1.4B$1.7B
Total interest income$2.1B$187.7B$2.0B$1.8B$2.1B$187.6B
Total noninterest income$19.2B$19.4B$22.0B$21.7B$22.5B$20.8B
Total revenue$42.7B$42.8B$45.3B$44.9B$46.4B$45.8B

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Compensation and benefits$12.8B$12.5B$14.1B$13.7B$13.6B$13.1B
Depreciation and amortization$394.0M—$505.0M$583.0M$654.0M—
Contribution of Visa shares$0.0——$0.0$0.0—
Defined contribution plan expense$461.0M—$435.0M$513.0M$506.0M—
FDIC-related expense$312.0M——$302.0M$258.0M—
FDIC special assessment expense——-$323.0M———
Legal expense$259.0M—$121.0M$118.0M$62.0M—
Net periodic benefit cost (credit)-$114.0M—-$65.0M-$63.0M-$67.0M—
Net rental expense$553.0M—$573.0M$579.0M$605.0M—
Operating losses$397.0M—$386.0M$314.0M$301.0M—
Pension and postretirement benefit expense$347.0M—$370.0M$450.0M$439.0M—
Professional and contract services expense$2.8B$3.0B$2.8B$3.0B$3.2B$3.3B
Provision for lending-related commitments$74.0M—$125.0M$706.0M$31.0M—
Share-based compensation expense$849.0M—$1.1B$959.0M$910.0M—
Technology and communications expense$2.4B$2.5B$2.6B$2.7B$2.8B$2.9B
Occupancy and equipment$1.3B$1.3B$1.3B$1.3B$1.4B$1.5B
Other operating expenses$91.0M$9.5B$56.0M$126.0M-$30.0M$6.6B
Provision for credit losses-$2.0M$8.8B$3.2B-$10.0M-$3.0M$11.0B
Selling and marketing$1.3B$1.3B$1.3B$1.3B$1.5B$1.5B
Total noninterest expense$22.6B$22.8B$23.6B$23.8B$24.3B$24.0B

Earnings Per Share

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Basic earnings per share$4.38$4.83$5.08$5.25$5.08$4.64
Diluted earnings per share$4.37$4.82$5.07$5.24$5.07$4.64
Common stock dividends per share declared$1.25—$1.40$1.40$1.50—
Weighted-average shares, basic2.9B—2.8B2.8B2.8B—
Weighted-average shares, diluted5.3M2.9B4.9M5M5.2M2.8B

Income Before Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income before income taxes$17.0B$17.4B$18.4B$18.3B$18.7B$17.2B

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income tax expense$4.1B$3.4B$3.8B$3.3B$4.4B$4.1B
Deferred income tax expense (benefit)$1.4B—$524.0M-$942.0M$4.6B—

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Interest expense$27.0B$24.2B$23.6B$25.0B$25.5B$23.8B
Interest income$6.1B—$6.3B$7.0B$7.4B—
Net investment gains (losses)$848.0M-$1.5B$2.5B$1.1B-$1.0M-$3.6B
Derivatives CVA-$17.0M—-$45.0M-$72.0M$37.0M—
Derivatives FVA-$5.0M—-$25.0M-$34.0M$18.0M—
Equity securities downward price adjustment$72.0M—$18.0M$33.0M$29.0M—
Equity securities gain (loss) on share exchange$0.0——$0.0$0.0—
First Republic-related gains$0.0—$588.0M$40.0M$0.0—
Interest expense, fed funds and repos$5.7B—$5.2B$6.0B$6.0B—
Interest expense, VIE beneficial interests$352.0M—$296.0M$297.0M$333.0M—
Other non-cash income (expense)-$256.0M—-$600.0M-$379.0M-$169.0M—
Realized gain on AFS debt securities$298.0M—$145.0M$94.0M$248.0M—
Realized loss on AFS debt securities$314.0M—$182.0M$148.0M$143.0M—
Unrealized gains on investment securities$2.3B—$953.0M-$188.0M$1.5B—
Upward carrying value changes$42.0M—$52.0M$26.0M$121.0M—

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Comprehensive income attributable to parent$17.5B—$18.0B$16.9B$15.8B—
OCI cash flow hedges$2.3B—$1.7B$1.5B$314.0M—
OCI defined benefit plans$28.0M—$16.0M$28.0M-$4.0M—
OCI derivative excluded component-$20.0M—$28.0M-$8.0M$37.0M—
OCI DVA on fair value option liabilities-$349.0M—$217.0M-$305.0M-$487.0M—
Other comprehensive income (loss), after-tax$4.6B—$3.3B$1.9B$1.4B—
Translation adjustments, net of hedges$389.0M—$489.0M$868.0M-$12.0M—

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Dividends allocated to participating securities$75.0M—$71.0M$75.0M$68.0M—
Net income$12.5B$13.7B$14.3B$14.6B$14.0B$12.7B
Net income applicable to common stockholders$12.6B$13.4B$14.4B$14.7B$14.1B$12.5B
Preferred stock dividends$286.0M—$255.0M$282.0M$282.0M—

Cost of Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total interest expense (banking)$4.8B—$4.4B$4.5B$4.6B—

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