JPMorgan Chase & Co.
JPM Financial Banks Diversified
JPMorgan Chase & Co.’s revenue for fiscal 2025 (year ended December 2025) was $280.3 billion, up 0.52% from fiscal 2024. In the quarter to September 2026, revenue grew 5.97%, EPS grew 12.5%, free cash flow fell 185.6% and total debt rose 7.71%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for three.
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JPMorgan Chase & Co. (JPM) Debt to equity
JPMorgan Chase & Co.'s debt to equity at the end of the quarter to 30 September 2026 was 1.2×, up 0.0× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 1.0× (fiscal 2020) to 1.3× (fiscal 2015); the current reading is higher than 91% of that period. That is below the Banks Diversified industry median of 1.4× and above the Financial sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.2× | 3.13% |
| FY2024 | 1.2× | (2.57%) |
| FY2023 | 1.2× | 18.07% |
| FY2022 | 1.0× | (1.10%) |
| FY2021 | 1.0× | 1.50% |
| FY2020 | 1.0× | (9.60%) |
| FY2019 | 1.1× | 1.45% |
| FY2018 | 1.1× | (1.04%) |
| FY2017 | 1.1× | (4.35%) |
| FY2016 | 1.2× | (7.17%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.2× | 0.52% |
| Jun 2026 | 1.2× | (0.27%) |
| Mar 2026 | 1.2× | 2.66% |
| Dec 2025 | 1.2× | 1.25% |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| HSBC HSBC Holdings plc compare | 0.7× |
| WFC Wells Fargo & Company compare | 1.0× |
| BAC Bank of America Corporation compare | 1.1× |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 1.1× |
| JPM JPMorgan Chase & Co. | 1.2× |
| C Citigroup Inc. compare | 1.6× |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 1.7× |
| UBS UBS Group AG compare | 3.8× |
| SAN Banco Santander, S.A. compare | 3.9× |
| Banks Diversified industry median | 1.4× |
| Financial sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on JPM
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement