JPMorgan Chase profit margin JPM
Gross, operating and net profit as a share of revenue over the last twelve months, from 1995.
- Net margin, 12 months
- 32.5%
- Net margin on a year earlier
- +0.1 pts
- Peer median
- 26.3%
Over the twelve months to Sep 30, 2026, JPMorgan Chase kept 32.5% of its revenue as net profit.
Five years earlier its net margin was 41.1%.
The median for 4 diversified banks of a similar size is 26.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 31.3% |
| FY2024 | 32.9% |
| FY2023 | 31.3% |
| FY2022 | 29.3% |
| FY2021 | 39.7% |
| FY2020 | 24.3% |
| FY2019 | 31.6% |
| FY2018 | 29.8% |
| FY2017 | 24.3% |
| FY2016 | 25.9% |
| FY2015 | 26.1% |
| FY2014 | 22.9% |
| FY2013 | 18.6% |
| FY2012 | 21.9% |
| FY2011 | 19.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q3 FY26 | 32.5% | +0.1 pts | |
| Q2 FY26 | 32.6% | +0.4 pts | |
| Q1 FY26 | 31.5% | −1.5 pts | |
| Q4 FY25 | 31.3% | −1.7 pts | |
| Q3 FY25 | 32.3% | +1.3 pts | |
| Q2 FY25 | 32.2% | +0.5 pts | |
| Q1 FY25 | 33.0% | +1.9 pts | |
| Q4 FY24 | 32.9% | +1.6 pts | |
| Q3 FY24 | 31.0% | −2.2 pts | |
| Q2 FY24 | 31.7% | −0.9 pts | |
| Q1 FY24 | 31.1% | +0.3 pts | |
| Q4 FY23 | 31.3% | +2.1 pts |
Against its peers
Companies in Banks - Diversified nearest JPMorgan Chase's size, closest first, today.
| Company | Profit margin |
|---|---|
| JPMJPMorgan Chase | 32.5% |
| BACBank of America | n/m |
| WFCWells Fargo | 26.3% |
| CCitigroup | 20.8% |
| USBU.S. Bancorp | 27.6% |
| Peer median | 26.3% |
Where JPMorgan Chase ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on JPMorgan Chase
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.