JPMorgan Chase & Co. JPM
343.06
4.50
1.33%
as of 25 Sep
- Market cap
- $902.3B
- P/E
- 14.7×
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JPMorgan Chase & Co. (JPM) Gross margin
JPMorgan Chase & Co.'s gross margin over the twelve months to 30 June 2026 was 67.0%, up 1.9 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 67.2% and in line with the Financial sector median of 69.9%.
Gross margin, annual
Annual
| 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
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 69.6% | 1.89 |
| Mar 2026 | 67.7% | 1.87 |
| Dec 2025 | 65.8% | 1.22 |
| Sep 2025 | 64.6% | 0.36 |
| 42 more quarters | Free account |
Against its own ten years
Low 63.7%
High 95.6%
Ten-year median
83.8%
Current reading's percentile
18
Gross margin against peers
| Company | Gross margin |
|---|---|
| HSBC HSBC Holdings plc compare | 100.0% |
| BBVA Banco Bilbao Viscaya Argentaria S.A. compare | 100.0% |
| WFC Wells Fargo & Company compare | 67.4% |
| JPM JPMorgan Chase & Co. | 67.0% |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 65.5% |
| BAC Bank of America Corporation compare | 61.7% |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 60.4% |
| C Citigroup Inc. compare | 52.4% |
| SAN Banco Santander, S.A. compare | 50.2% |
| Banks Diversified industry median | 67.2% |
| Financial sector median | 69.9% |
| Market median | 46.3% |
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
- 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
- EV/EBITDA
- EV/Sales
- 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
- The full statement