JPMorgan Chase & Co.

JPM

JPMorgan Chase & Co.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for JPMorgan Chase & Co..

R40: 22 · 2025 Q4 $972.95B
$351.55
News

Coverage

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Rule of 40 2025 Q4
22.2
✗ Below 40
Revenue Growth YoY +3.9%
+
FCF Margin +18.2%
History
41
Q1
48
Q2
31
Q3
29
Q4
2024 R40 +37
25
Q1
13
Q2
23
Q3
22
Q4
2025 R40 +20
ANALYST RATINGS
Buy $375
Consensus as of Aug 19, 2026
JPM
Wells Fargo Overweight $375
Reiterated
2026-08-14
Barclays Overweight $420
Reiterated
2026-08-10
Jefferies Buy $350
Reiterated
2026-08-03
UBS Buy $384
Reiterated
2026-08-03
Deutsche Bank Buy $345
Upgrade
2026-07-23

See all 8 ratings →

Revenue

Latest: $82.46B (2026Q2)

Period Value
2020Q3 $30.94B
2020Q4 $30.63B
2021Q1 $33.65B
2021Q2 $31.83B
2021Q3 $31.05B
2021Q4 $30.68B
2022Q1 $32.34B
2022Q2 $34.23B
2022Q3 $40.81B
2022Q4 $47.41B
2023Q1 $54.64B
2023Q2 $61.17B
2023Q3 $61.70B
2023Q4 $61.91B
2024Q1 $66.29B
2024Q2 $75.97B
2024Q3 $69.67B
2024Q4 $66.98B
2025Q1 $68.89B
2025Q2 $69.94B
2025Q3 $71.90B
2025Q4 $69.61B
2026Q1 $73.66B
2026Q2 $82.46B
EPS

Latest: $7.70 (2026Q2)

Period Value
2020Q3 $2.92
2020Q4 $3.80
2021Q1 $4.50
2021Q2 $3.78
2021Q3 $3.74
2021Q4 $3.33
2022Q1 $2.63
2022Q2 $2.76
2022Q3 $3.12
2022Q4 $3.58
2023Q1 $4.10
2023Q2 $4.75
2023Q3 $4.33
2023Q4 $3.04
2024Q1 $4.44
2024Q2 $6.12
2024Q3 $4.37
2024Q4 $4.81
2025Q1 $5.07
2025Q2 $5.24
2025Q3 $5.07
2025Q4 $4.63
2026Q1 $5.94
2026Q2 $7.70
P/E Ratio

Latest: 14.1 (2026Q1)

Period Value
2020Q2 10.9
2020Q3 10.9
2020Q4 12.5
2021Q1 10.7
2021Q2 9.2
2021Q3 9.2
2021Q4 9.2
2022Q1 9.1
2022Q2 8.2
2022Q3 8.1
2022Q4 10.3
2023Q1 9.0
2023Q2 8.8
2023Q3 8.2
2023Q4 10.0
2024Q1 11.6
2024Q2 10.9
2024Q3 11.4
2024Q4 11.8
2025Q1 11.8
2025Q2 14.7
2025Q3 15.5
2025Q4 16.0
2026Q1 14.1
Free Cash Flow

Latest: $12.69B (2025Q4)

Period Value
2020Q1 $2.43B
2020Q2 $4.26B
2020Q3 $9.02B
2020Q4 $11.70B
2021Q1 $13.85B
2021Q2 $11.50B
2021Q3 $11.23B
2021Q4 $9.93B
2022Q1 $7.84B
2022Q2 $8.20B
2022Q3 $9.26B
2022Q4 $10.60B
2023Q1 $12.19B
2023Q2 $14.01B
2023Q3 $12.69B
2023Q4 $8.87B
2024Q1 $12.94B
2024Q2 $17.72B
2024Q3 $12.54B
2024Q4 $13.67B
2025Q1 $14.32B
2025Q2 $14.63B
2025Q3 $14.04B
2025Q4 $12.69B
Shares

Latest: $2,767,600,000.00 (2025Q3)

Period Value
2018Q1 $3,630,400,000.00
2018Q2 $3,599,000,000.00
2018Q3 $3,559,600,000.00
2019Q1 $3,479,500,000.00
2019Q2 $3,434,700,000.00
2019Q3 $3,394,300,000.00
2020Q1 $3,308,200,000.00
2020Q2 $3,259,700,000.00
2020Q3 $3,207,200,000.00
2021Q1 $3,100,700,000.00
2021Q2 $3,081,000,000.00
2021Q3 $3,082,800,000.00
2022Q1 $3,078,900,000.00
2022Q2 $3,041,900,000.00
2022Q3 $3,005,100,000.00
2023Q1 $2,981,000,000.00
2023Q2 $2,966,300,000.00
2023Q3 $2,965,400,000.00
2024Q1 $2,972,700,000.00
2024Q2 $2,948,300,000.00
2024Q3 $2,932,100,000.00
2025Q1 $2,824,300,000.00
2025Q2 $2,793,700,000.00
2025Q3 $2,767,600,000.00
Cumulative FCF

Latest: $477.59B (2025Q4)

Period Value
2020Q1 $209.91B
2020Q2 $214.18B
2020Q3 $223.19B
2020Q4 $234.89B
2021Q1 $248.74B
2021Q2 $260.24B
2021Q3 $271.47B
2021Q4 $281.39B
2022Q1 $289.24B
2022Q2 $297.44B
2022Q3 $306.69B
2022Q4 $317.29B
2023Q1 $329.48B
2023Q2 $343.49B
2023Q3 $356.18B
2023Q4 $365.05B
2024Q1 $377.99B
2024Q2 $395.71B
2024Q3 $408.24B
2024Q4 $421.92B
2025Q1 $436.23B
2025Q2 $450.86B
2025Q3 $464.90B
2025Q4 $477.59B
Just reported

Latest results

See all JPM earnings → Investor relations →

Background

Company History

Exchange
NYSE
IPO Date
Dec 1, 1969
Shares Outstanding
2.77B
1799
Founding of the Bank of the Manhattan Company

Established by Aaron Burr as a water carrier but secretly opened a bank to invest surplus capital, becoming the oldest predecessor of JPMorgan Chase.

1871
Founding of J.P. Morgan & Co.

J. P. Morgan launched the House of Morgan at 23 Wall Street, providing commercial, investment, and private banking services.

1955
Formation of Chase Manhattan Bank

Chase National Bank (1877) merged with The Bank of the Manhattan Company (1799), creating Chase Manhattan Bank under David Rockefeller

2000
Merger of J.P. Morgan & Chase Manhattan

Formation of JPMorgan Chase through the combination of J.P. Morgan & Co. and Chase Manhattan Company, establishing it as a major global bank.

2008
Acquisition of Bear Stearns

Acquired failing investment bank Bear Stearns in a stock swap amid the financial crisis, preventing systemic collapse with Federal Reserve support.

2008
Acquisition of Washington Mutual

Bought most assets and deposits of failed Washington Mutual from the FDIC for $1.836 billion, the largest U.S. bank failure at the time.

2023
Acquisition of First Republic Bank

Assumed the majority of assets and deposits of failed First Republic Bank for $10.6 billion, the second-largest U.S. bank failure.

Leadership

Key Players

showing 6 of 20

Jamie Dimon
Chairman & CEO
Jamie Dimon
CEO since 2005; steered JPMorgan through the 2008 financial crisis; oversees global strategy across all business lines.

The CEO view — 6 podcasts, interviews & articles →

Jennifer Piepszak
Chief Operating Officer
Appointed COO in 2023; previously co-CEO of Consumer & Community Banking and CFO; drives firmwide strategy and digital transformation.
Daniel Pinto
Vice Chairman
Former President & COO until 2023; previously CEO of the Corporate & Investment Bank; key advisor on global markets and succession planning.
Jeremy Barnum
Chief Financial Officer
CFO since 2021; oversees financial planning, accounting, investor relations, and capital management.
Marianne Lake
CEO, Consumer & Community Banking
Leads retail banking serving 80M+ consumers and 5M small businesses; former CFO; key figure in digital banking growth.
Mary Callahan Erdoes
CEO, Asset & Wealth Management
Manages $4T+ in client assets globally; long tenure at the firm; consistently ranked among the most powerful women in finance.

See all 20 key players →

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Funds we follow holding JPM

By latest reported 13F position value. Market value at quarter-end, not cost basis.