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JPMORGAN CHASE & COJPM

Sector
Financial Services
Industry
National Commercial Banks
Exchange
NYSE

Stock Price $JPM

Latest filings

You are here#2 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q328-K336

JPM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 336 current reports (8-K) between 2016 and 2026.

  1. FY2018 annual report10-K · Feb ’19Feb ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $182.45B
YoY changeLargest recent move+22.9%in FY23Latest +2.8%

1 older move runs past ±25% (largest +49.3%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All JPM Financial Metrics40 metrics

Income Statement9

Balance Sheet16

Cash Flow10

Per Share5

02—Overview

JPMORGAN CHASE & CO Financial Overview 2021–2025

Updated Jul 10, 2026

JPMorgan Chase generated a staggering $185.6 billiona in total revenue for FY2025, marking its eighth consecutive year of record top-line results. This relentless expansion proves that the nation's largest financial institution can leverage its massive scale to capture market share and compound growth rather than succumb to structural bloat. The bank’s diversified operational model and strategic moves, particularly the First Republic integration, have firmly cemented its leadership across consumer and institutional banking.

The long-term financial trajectory highlights a firm operating with elevated efficiency. Total net revenue grew from $121.6 billion in FY2021 to $185.6 billionb in FY2025, fueled by higher interest rates, surging investment banking fees, and resilient consumer spending. By the end of FY2025, the company managed $4.4 trillion in total assets while delivering a highly profitable 20% return on tangible common equity (ROTCE). The momentum carried directly into Q1 2026, with net income rising 13% year-over-year to $16.5 billion on $49.8 billion in quarterly revenue.

Even as the firm provisions for normalizing credit losses, it maintains a fortress balance sheet anchored by a 14.5% Common Equity Tier 1 (CET1) capital ratio. At the close of FY2025, the market rewarded this execution with an $868.8 billionc market capitalization. Shares ended the year at $322.22, trading at 16.1x trailing earnings against $20.02 in earnings per share.

Recent Developments (Q4 2025 and Q1 2026)

During Q4 2025, earnings per share dipped year-over-year to $4.63d, but profitability rebounded in Q1 2026 as diluted earnings per share surged 17% to $5.94. This bottom-line expansion was aided by wholesale credit quality improvements, which drove the first-quarter provision for credit losses down 24% to $2.5 billion. The firm also fortified its funding base during this period, closing a $6 billion public debt offering in January 2026.

Bulls will argue that declining wholesale credit costs and expanding per-share profitability highlight core institutional momentum. Conversely, bears can point to a 14%e jump in noninterest expense during Q1 2026 as evidence of persistent cost pressures from elevated compensation and strategic investments. Trading at 15.6x earnings as of May 1, 2026, the stock presents a discount compared to its prior year-end valuation despite sustained operational outperformance.

What to watch: noninterest expense containment following recent compensation increases; consumer credit loss trends in Card Services.

03—Filings

Recent SEC Filings

  1. 8-KJPMORGAN CHASE & CO 8-K Report, Corporate Update (Oct 20, 2026)JPMorgan Chase & Co. (JPM) announced the successful closing of multiple public offerings of debt securities on October 20, 2026. The offerings include $350 million in Floating Rate Notes due 2030, $2.9 billion in Fixed-to-Floating Rate Notes due 2030, and $3.75 billion in Fixed-to-Floating Rate Notes due 2037, totaling approximately $6.9 billion in new debt issuance. These issuances were registered under the Securities Act of 1933, indicating compliance with regulatory requirements for public offerings. This substantial debt issuance is likely intended to bolster JPM's capital structure, potentially funding ongoing operations, new investments, or to manage its overall debt profile. Investors should note the different maturity dates and interest rate structures (fixed-to-floating and floating) of these notes, which may impact their investment strategy depending on their outlook on interest rate movements. The filing also includes legal opinions and consents related to the issuance, reinforcing the legitimacy and compliance of these transactions.
  2. 8-KJPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Oct 13, 2026)JPMorgan Chase reported third-quarter 2026 results of net income of $15.3B and diluted EPS of $5.57, with ROTCE of 20%. Excluding a $658mm pretax ($498mm after-tax) net investment securities loss in Corporate, net income would have been $15.8B, EPS $5.75 and ROTCE 21%. Managed revenue rose 8% year over year to $50.9B, with net interest income up 13% to $27.1B and noninterest revenue up 3% to $23.8B. Markets revenue of $10.3B grew 15%, led by Equity Markets, which rose 49%. Expense of $27.3B (up 12%) and credit costs of $2.7B (including a $539mm reserve build) weighed on results, and the managed overhead ratio was 54%. The balance sheet remained strong. The Standardized CET1 ratio was 13.9% (down from 14.2% in 2Q26, mainly due to RWA growth) and the Advanced CET1 ratio was 14.1%. Standardized RWA rose to $2.18T, the Firm SLR was 5.5%, and the Firm LCR was 113%. Average loans grew 10% year over year to $1.6T and average deposits grew 8% to $2.7T. Tangible book value per share increased to $112.64. Capital returned to shareholders included a $1.65 per share common dividend ($4.4B) and $664mm of net buybacks, for a trailing twelve-month net payout of 61%. Management reaffirmed or updated its 2026 outlook: net interest income of about $106.2B (about $97.2B excluding Markets), adjusted expense of about $108.6B, and a Card Services net charge-off rate of about 3.2%. Note that this 8-K furnishes investor presentation slides under Regulation FD rather than the full earnings release, and the presentation is not deemed filed for Section 18 purposes.
  3. 8-KJPMORGAN CHASE & CO 8-K Report, Financial Results (Oct 13, 2026)JPMorgan Chase reported third-quarter 2026 net income of $15.3 billion, or $5.57 per diluted share, up 6% from $14.4 billion ($5.07) a year earlier, but down 28% from the $21.2 billion ($7.70) in the prior quarter, which included a $4.6 billion Visa Class C gain. Excluding a $658 million pre-tax ($498 million after-tax, $0.18 per share) net investment securities loss in Corporate, net income would have been $15.8 billion ($5.75 per share) and ROTCE 21% versus 20% reported. Reported net revenue was $50.2 billion, down 13% sequentially but up 8% year over year; managed revenue was $50.9 billion, up 8%. Growth was led by the Commercial & Investment Bank (revenue up 14% YoY, Equity Markets up 49%, Investment Banking fees up 14%) and Asset & Wealth Management (revenue up 14%, client assets up 15% to $7.9 trillion), with Consumer & Community Banking revenue up 9% and net income up 13%. Credit costs were manageable, with a provision of $2.7 billion, net charge-offs of $2.2 billion (down $389 million YoY, driven by Wholesale), and a $539 million net reserve build. Expenses rose 12% to $27.3 billion, and the reported overhead ratio was 54%. Average loans grew 10% year over year and deposits grew 8%. Capital remained strong, with a Standardized CET1 ratio of 13.9%, an Advanced ratio of 14.1%, and an SLR of 5.5%. Book value per share rose 6% to $132.30 and tangible book value per share rose 7% to $112.64. Capital return was modestly lower. The firm declared a $1.65 per share common dividend (up 10% YoY) and repurchased $664 million of common stock net of employee issuance, down sharply from $6.7 billion in the prior quarter. Management attributed the reduction to its capital hierarchy and said it expects to deploy capital over time at attractive returns. Management also flagged elevated fiscal deficits, sticky inflation, rising interest rates, and geopolitical risks, while noting that activity moderated somewhat during the quarter.
  4. 8-KJPMORGAN CHASE & CO 8-K Report, Bylaw Amendment (Jul 23, 2026)JPMorgan Chase & Co. (JPM) has filed an 8-K report detailing an amendment to its corporate bylaws, effective July 21, 2026. The key change pertains to the appointment of a Lead Independent Director. Henceforth, the non-management directors will be responsible for appointing this role, if one is designated. This amendment reflects a governance adjustment aimed at clarifying the selection process for a significant independent oversight position within the company. This update is primarily a procedural governance change and does not appear to signal any immediate or significant operational or financial shifts for the company. Investors should note this as an internal governance refinement that aligns with best practices in board oversight. The full details of the amended bylaws are available as an exhibit to this filing.
  5. 8-KJPMORGAN CHASE & CO 8-K Report, Corporate Update (Jul 23, 2026)On July 23, 2026, JPMorgan Chase & Co. (JPM) filed an 8-K under Item 8.01 (Other Events) disclosing that it closed four public debt offerings totaling $9.0 billion in aggregate principal amount. The offerings comprised $500 million of Floating Rate Notes due 2030, $2.5 billion of Fixed-to-Floating Rate Notes due 2030, $3.0 billion of Fixed-to-Floating Rate Notes due 2032 (the Senior Notes, $6.0 billion in total), and $3.0 billion of Fixed-Rate Reset Subordinated Notes due 2041. The notes were issued under a Form S-3 shelf registration (File No. 333-285537), and Simpson Thacher & Bartlett LLP provided legality opinions for the senior and subordinated notes. From an investor standpoint, this is a routine capital markets transaction rather than a material change in the company's financial condition or operations. The filing does not disclose coupon rates, offering prices, yields, or use of proceeds, so those details would need to be obtained from the pricing supplement or prospectus supplement. The mix of senior and subordinated debt is consistent with a large bank managing its long-term funding profile and its total loss-absorbing capacity (TLAC) and regulatory capital requirements, with the $3.0 billion subordinated issuance likely counting toward Tier 2 capital. For equity and credit investors, the key takeaways are that JPMorgan continues to access debt markets actively, the issuance adds to outstanding debt obligations, and the subordinated tranche ranks junior to senior creditors. The filing itself contains no earnings, guidance, or risk disclosures, so it should be read as a funding event alongside the company's periodic reports.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.