New York, NY · Founded 1968 · 318,512 employees
JPMorgan Chase generated $182.4B in revenue for fiscal year 2025, a +2.8% year-over-year change. Net income reached $57.0B.
JPMorgan is leveraging its fortress balance sheet to dominate Markets and Asset Management, but this scale is coming with significantly increased repo funding reliance and emerging credit stress in wholesale and California-concentrated portfolios. JPMorgan Chase finished 2025 showing the benefits of scale: diversified revenue streams (CIB, CCB, AWM), strong liquidity (cash & marketable securities ~ $1.5T) and healthy capital metrics (Standardized CET1 ~14.5%, TLAC ~$564B). Revenue momentum in Markets (up 17% YoY) and record Payments fees ($5.1B) plus very large AUM/client asset inflows ($553B net flows; AUM $4.8T; client assets $7.1T) are real drivers that support earnings power.
| Fiscal Year | Revenue | YoY Growth | Gross Margin | Op. Margin | Net Income | EPS |
|---|---|---|---|---|---|---|
| FY2025 | $182.4B | +2.8% | 0.0% | 0.0% | $57.0B | $20.02 |
| FY2024 | $177.6B | +12.3% | 0.0% | 0.0% | $58.5B | $19.75 |
| FY2023 | $158.1B | +22.9% | 0.0% | 44.9% | $49.6B | $16.23 |
| FY2022 | $128.7B | +5.8% | 0.0% | 40.8% | $37.7B | $12.09 |
| FY2021 | $121.6B | +1.8% | 0.0% | 0.0% | $48.3B | $15.36 |
| FY2020 | $119.5B | +3.4% | 0.0% | 44.2% | $29.1B | $8.88 |
| FY2019 | $115.6B | — | 0.0% | 43.4% | $36.4B | $10.72 |
| FY2018 | $0 | — | — | — | $32.5B | $9.00 |
| Fiscal Year | Operating Cash Flow | Capital Expenditures | Free Cash Flow | Investing | Financing |
|---|---|---|---|---|---|
| FY2025 | $-147.8B | $0 | $0 | $-265.6B | $269.5B |
| FY2024 | $-42.0B | $0 | $0 | $-163.4B | $63.4B |
| FY2023 | $13.0B | $0 | $0 | $67.6B | $-25.6B |
| FY2022 | $107.1B | $0 | $0 | $-137.8B | $-126.3B |
| FY2021 | $78.1B | $0 | $0 | $-129.3B | $276.0B |
| FY2020 | $-79.9B | $0 | $0 | $-261.9B | $596.6B |
| FY2019 | $6.0B | $0 | $0 | $-54.0B | $33.0B |
| FY2018 | $14.2B | $0 | $0 | $-198.0B | $34.2B |
| Fiscal Year | Total Assets | Total Liabilities | Total Equity | Cash | Total Debt |
|---|---|---|---|---|---|
| FY2025 | $4.4T | $4.1T | $362.4B | $21.7B | $500.0B |
| FY2024 | $4.0T | $3.7T | $344.8B | $0 | $454.3B |
| FY2023 | $3.9T | $3.5T | $327.9B | $29.1B | $436.5B |
| FY2022 | $3.7T | $3.4T | $292.3B | $27.7B | $0 |
| FY2021 | $3.7T | $3.4T | $294.1B | $26.4B | $354.6B |
| FY2020 | $3.4T | $3.1T | $279.4B | $24.9B | $326.9B |
| FY2019 | $2.7T | $2.4T | $261.3B | $21.7B | $0 |
| FY2018 | $2.6T | $2.4T | $256.5B | $22.3B | $337.1B |
JPMorgan Chase generated $182.4B in revenue for fiscal year 2025. That represents a +2.8% change from $177.6B in fiscal year 2024.
Yes, JPMorgan Chase is profitable. The company reported net income of $57.0B in fiscal year 2025, representing a net profit margin of 31.3%. In the prior fiscal year 2024, net income was $58.5B.
JPMorgan Chase employs approximately 318,512 people worldwide. The company is headquartered in New York, NY and was founded in 1968.
Get 12+ years of history, 100+ financial fields, quarterly breakdowns, AI analysis, and API access. Sign up free to explore.