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) Gross margin
JPMorgan Chase & Co.'s gross margin over the twelve months to 30 September 2026 was 67.3%, up 2.2 percentage points from fiscal 2025 (65.1%). Over the past ten years it has ranged from 63.7% (fiscal 2024) to 95.6% (fiscal 2021); the current reading is higher than 18% of that period. That is in line with the Banks Diversified industry median of 67.1% and in line with the Financial sector median of 69.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 65.1% | 1.42 |
| FY2024 | 63.7% | (2.37) |
| FY2023 | 66.0% | (17.11) |
| FY2022 | 83.1% | (12.49) |
| FY2021 | 95.6% | 3.30 |
| FY2020 | 92.3% | 11.13 |
| FY2019 | 81.2% | (2.59) |
| FY2018 | 83.8% | (4.10) |
| FY2017 | 87.9% | (2.88) |
| FY2016 | 90.8% | (1.84) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 65.9% | (3.70) |
| Jun 2026 | 69.6% | 1.89 |
| Mar 2026 | 67.7% | 1.87 |
| Dec 2025 | 65.8% | 1.22 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| HSBC HSBC Holdings plc compare | 100.0% |
| UBS UBS Group AG compare | 73.2% |
| JPM JPMorgan Chase & Co. | 67.3% |
| WFC Wells Fargo & Company compare | 67.0% |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 65.5% |
| BAC Bank of America Corporation compare | 62.8% |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 60.4% |
| C Citigroup Inc. compare | 52.9% |
| SAN Banco Santander, S.A. compare | 50.2% |
| Banks Diversified industry median | 67.1% |
| Financial sector median | 69.9% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on JPM
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement