Net margin
31.3% Fiscal year 2025
Rank 86 of 100: higher than 86% of 237 peers (All). strong.
Rank 74 of 100: higher than 74% of 33 peers (Sector). strong.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
About the company
JPMorgan Chase is a major US bank from New York. It runs its retail business under the Chase name with accounts, cards and loans, plus investment banking, commercial banking and asset management. It operates worldwide. As of Oct 13, 2026
Fact sheet (from the annual report) National commercial banks · New York, USA
JPMorgan Chase & Co. is a financial holding company under Delaware law and operates worldwide. The group serves clients mainly in the United States as well as companies, institutions and governments worldwide. The firm is active in investment banking, in banking for consumers and small businesses, in commercial banking, in payments and in asset management. Its reporting segments are Consumer & Community Banking, Commercial & Investment Bank and Asset & Wealth Management. Its main banking subsidiary is JPMorgan Chase Bank, National Association. The holding company is supervised by the Federal Reserve.
Automatically summarized from SEC annual report (10-K, filed Feb 13, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Price performance at a glance
Last 30 trading days
- Today +0.5%
- 7 days +0.2%
- 30 days −2.1%
- 1 year +10.4%
Day range (last trading day)
−0.4%Price at 43% of the range+0.5%
52-week range
−16.9%Price at 65% of the range+9.1%
- Distance from the all-time high
- −8.4%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Double bottom · Analysis method
This method currently detects no pattern for JPM. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? The price has formed two similarly deep lows and broken above the neckline between them. This is seen as a sign that the downward move is ending.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginJPMorgan Chase · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 13, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 4 without data
3 of 4 criteria met
Growth
Revenue and earnings per share
7 of 7 criteria met
Dividend
Level, consistency, coverage · 2 without data
5 of 5 criteria met
Financial strength
Piotroski, debt, liquidity · 3 without data
2 of 3 criteria met
Quality 3 of 4 met · 4 without data
- no data: Gross margin above 40% not stated in the SEC filings
- no data: Operating margin above 15% not stated in the SEC filings
- met: Net margin above 10% 31.3%
- met: Return on equity above 15% 15.7%
- no data: Free cash flow margin above 10% not stated in the SEC filings
- met: Profit in each of the last 5 fiscal years 5 of 5
- no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
- not met: Equity ratio above 30% 8.2%
Return on equity
15.7% Fiscal year 2025
Rank 48 of 100: higher than 48% of 218 peers (All). medium.
Rank 64 of 100: higher than 64% of 32 peers (Sector). medium.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
Return on assets
1.3% Fiscal year 2025 (total assets at year end)
Rank 24 of 100: higher than 24% of 238 peers (All). weak.
Rank 41 of 100: higher than 41% of 33 peers (Sector). medium.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
Equity ratio
8.2% Fiscal year 2025
Rank 12 of 100: higher than 12% of 239 peers (All). weak.
Rank 17 of 100: higher than 17% of 33 peers (Sector). weak.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
Growth 7 of 7 met
- met: Over 3 years, revenue grew by more than 5% per year +12.3%
- met: Over 5 years, revenue grew by more than 5% per year +8.8%
- met: Over 10 years, revenue grew by more than 5% per year +6.9%
- met: Over 3 years, EPS grew by more than 5% per year +18.3%
- met: Over 5 years, EPS grew by more than 5% per year +17.7%
- met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
- met: Revenue rose in the last fiscal year +2.8%
Revenue growth 3 years
+12.3% per year
Rank 64 of 100: higher than 64% of 230 peers (All). medium.
Rank 67 of 100: higher than 67% of 32 peers (Sector). strong.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+8.8% per year
Rank 39 of 100: higher than 39% of 217 peers (All). medium.
Rank 40 of 100: higher than 40% of 29 peers (Sector). medium.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+6.9% per year
Rank 51 of 100: higher than 51% of 157 peers (All). medium.
Rank 41 of 100: higher than 41% of 23 peers (Sector). medium.
Median Financials: +7.2%
Average growth per year over 10 fiscal years.
EPS growth 3 years
+18.3% per year
Rank 65 of 100: higher than 65% of 157 peers (All). medium.
Rank 56 of 100: higher than 56% of 24 peers (Sector). medium.
Median Financials: +17.6%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+17.7% per year
Rank 65 of 100: higher than 65% of 146 peers (All). medium.
Rank 70 of 100: higher than 70% of 25 peers (Sector). strong.
Median Financials: +14.8%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+12.8% per year
Rank 63 of 100: higher than 63% of 140 peers (All). medium.
Rank 65 of 100: higher than 65% of 24 peers (Sector). medium.
Median Financials: +11.5%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 5 of 5 met · 2 without data
- met: Pays a dividend 5.80 USD
- met: Payout ratio at most 60% of earnings 29%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +10.0%
- no data: Free cash flow per share covers the dividend not meaningful for banks and insurers
- no data: Dividends paid over the last 5 years covered by free cash flow not meaningful for banks and insurers
Payout ratio
29% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+10.0% per year
Rank 56 of 100: higher than 56% of 118 peers (All). medium.
Rank 48 of 100: higher than 48% of 20 peers (Sector). medium.
Median Financials: +10.0%
Growth of the dividend per share per year.
Financial strength 2 of 3 met · 3 without data
- no data: Piotroski F-Score at least 7 of 9 not meaningful for banks and insurers
- not met: Long-term debt no higher than equity 1.20
- no data: Current assets cover current liabilities not reported (usual for banks and insurers)
- met: Positive equity 362.4B USD
- met: In 5 years, share count up by at most 5% −9.9%
- no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Debt / equity
1.20 at fiscal year end
Rank 26 of 100: lower than 26% of 199 peers (All). weak.
Rank 33 of 100: lower than 33% of 26 peers (Sector). medium.
Median Financials: 0.83
Long-term financial debt divided by equity.
Change in share count
−9.9% in 5 years
Rank 80 of 100: lower than 80% of 199 peers (All). strong.
Rank 56 of 100: lower than 56% of 24 peers (Sector). medium.
Median Financials: −6.1%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light green: Revenue grew over 5 years (+8.8% per year), at least as fast as the sector median.
- Light green: Net income (total) grew over 5 years (+14.4% per year), at least as fast as the sector median; per share +17.7% per year.
- Light green: Net margin 31.3%, above the sector median (19.4%).
- Light yellow: Debt higher than usual in the sector.
- Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 95.7B USD · Net income 24.7B USD · Net margin 25.9%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 99.6B USD · Net income 24.4B USD · Net margin 24.5%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 109.0B USD · Net income 32.5B USD · Net margin 29.8%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 115.6B USD · Net income 36.4B USD · Net margin 31.5%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 119.5B USD · Net income 29.1B USD · Net margin 24.4%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 121.6B USD · Net income 48.3B USD · Net margin 39.7%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 128.7B USD · Net income 37.7B USD · Net margin 29.3%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 158.1B USD · Net income 49.6B USD · Net margin 31.3%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 177.6B USD · Net income 58.5B USD · Net margin 32.9%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 182.4B USD · Net income 57.0B USD · Net margin 31.3%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 39.9B USD · Net income 13.2B USD · Net margin 33.0%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue not available · Net income 9.3B USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 41.9B USD · Net income 13.4B USD · Net margin 32.0%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 50.2B USD · Net income 18.1B USD · Net margin 36.2%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 42.7B USD · Net income 12.9B USD · Net margin 30.2%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue not available · Net income 14.0B USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 45.3B USD · Net income 14.6B USD · Net margin 32.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 44.9B USD · Net income 15.0B USD · Net margin 33.4%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 46.4B USD · Net income 14.4B USD · Net margin 31.0%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue not available · Net income 13.0B USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 49.8B USD · Net income 16.5B USD · Net margin 33.1%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 57.3B USD · Net income 21.2B USD · Net margin 36.9%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 6.19 USD
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 6.31 USD
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 9.00 USD
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 10.72 USD
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 8.88 USD
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 15.36 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 12.09 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 16.23 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 19.75 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 20.02 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 4.33 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 4.44 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 6.12 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 4.37 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 5.07 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 5.24 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 5.07 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 5.94 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 7.70 USD
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 1.88 USD · Payout ratio 30.4%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 2.12 USD · Payout ratio 33.6%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 2.72 USD · Payout ratio 30.2%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 3.40 USD · Payout ratio 31.7%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 3.60 USD · Payout ratio 40.5%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 3.80 USD · Payout ratio 24.7%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 4.00 USD · Payout ratio 33.1%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 4.10 USD · Payout ratio 25.3%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 4.80 USD · Payout ratio 24.3%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 5.80 USD · Payout ratio 29.0%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 1.05 USD · Payout ratio 24.2%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 1.05 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 1.15 USD · Payout ratio 25.9%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 1.15 USD · Payout ratio 18.8%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 1.25 USD · Payout ratio 28.6%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 1.25 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 1.40 USD · Payout ratio 27.6%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.40 USD · Payout ratio 26.7%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 1.50 USD · Payout ratio 29.6%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 1.50 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.50 USD · Payout ratio 25.3%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.50 USD · Payout ratio 19.5%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 182.4B USD · Net income 57.0B USD · Net margin 31.3%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 31.3 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 182.4B USD | 100.0% |
| Net income | 57.0B USD | 31.3% |
| Taxes | 15.5B USD | 8.5% |
| Remaining costs & other | 109.9B USD | 60.2% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The net margin rose in 5 years from 24.4% to 31.3%.
Net margin- Fiscal year 2016: Net margin 25.9%
- Fiscal year 2017: Net margin 24.5%
- Fiscal year 2018: Net margin 29.8%
- Fiscal year 2019: Net margin 31.5%
- Fiscal year 2020: Net margin 24.4%
- Fiscal year 2021: Net margin 39.7%
- Fiscal year 2022: Net margin 29.3%
- Fiscal year 2023: Net margin 31.3%
- Fiscal year 2024: Net margin 32.9%
- Fiscal year 2025: Net margin 31.3%
Returns
Return on equity rose in 5 years from 10.4% to 15.7%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 9.7% · Return on assets 1.0%
- Fiscal year 2017: Return on equity 9.6% · Return on assets 1.0%
- Fiscal year 2018: Return on equity 12.7% · Return on assets 1.2%
- Fiscal year 2019: Return on equity 13.9% · Return on assets 1.4%
- Fiscal year 2020: Return on equity 10.4% · Return on assets 0.9%
- Fiscal year 2021: Return on equity 16.4% · Return on assets 1.3%
- Fiscal year 2022: Return on equity 12.9% · Return on assets 1.0%
- Fiscal year 2023: Return on equity 15.1% · Return on assets 1.3%
- Fiscal year 2024: Return on equity 17.0% · Return on assets 1.5%
- Fiscal year 2025: Return on equity 15.7% · Return on assets 1.3%
Equity and long-term debt
The equity ratio stayed roughly the same in 5 years (8.2%).
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 254.2B USD · Long-term debt 295.2B USD
- Fiscal year 2017: Equity 255.7B USD · Long-term debt 284.1B USD
- Fiscal year 2018: Equity 256.5B USD · Long-term debt 282.0B USD
- Fiscal year 2019: Equity 261.3B USD · Long-term debt 291.5B USD
- Fiscal year 2020: Equity 279.4B USD · Long-term debt 281.7B USD
- Fiscal year 2021: Equity 294.1B USD · Long-term debt 301.0B USD
- Fiscal year 2022: Equity 292.3B USD · Long-term debt 295.9B USD
- Fiscal year 2023: Equity 327.9B USD · Long-term debt 391.8B USD
- Fiscal year 2024: Equity 344.8B USD · Long-term debt 401.4B USD
- Fiscal year 2025: Equity 362.4B USD · Long-term debt 435.2B USD
Share count
The share count fell in 5 years by 9.9% (mostly through share repurchases).
Diluted share count- Fiscal year 2016: Diluted share count 3.6B
- Fiscal year 2017: Diluted share count 3.6B
- Fiscal year 2018: Diluted share count 3.4B
- Fiscal year 2019: Diluted share count 3.2B
- Fiscal year 2020: Diluted share count 3.1B
- Fiscal year 2021: Diluted share count 3.0B
- Fiscal year 2022: Diluted share count 3.0B
- Fiscal year 2023: Diluted share count 2.9B
- Fiscal year 2024: Diluted share count 2.9B
- Fiscal year 2025: Diluted share count 2.8B
Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 5.80 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +13.2%5 y +10.0%10 y –
- Years without a cut
- at least 10 as far as the data goes
- Payout ratio
- of earnings 29% of free cash flow –
- To shareholders (5 years)
- 153.1B USD 53% through repurchases
- Share count over 5 years
- −9.9% fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 3.60 USD to 5.80 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 1.88 USD
- Fiscal year 2017: Dividend per share 2.12 USD
- Fiscal year 2018: Dividend per share 2.72 USD
- Fiscal year 2019: Dividend per share 3.40 USD
- Fiscal year 2020: Dividend per share 3.60 USD
- Fiscal year 2021: Dividend per share 3.80 USD
- Fiscal year 2022: Dividend per share 4.00 USD
- Fiscal year 2023: Dividend per share 4.10 USD
- Fiscal year 2024: Dividend per share 4.80 USD
- Fiscal year 2025: Dividend per share 5.80 USD
Payout ratios
The payout ratio fell in 5 years from 40.5% to 29.0%.
Payout ratio (earnings)- Fiscal year 2016: Payout ratio (earnings) 30.4%
- Fiscal year 2017: Payout ratio (earnings) 33.6%
- Fiscal year 2018: Payout ratio (earnings) 30.2%
- Fiscal year 2019: Payout ratio (earnings) 31.7%
- Fiscal year 2020: Payout ratio (earnings) 40.5%
- Fiscal year 2021: Payout ratio (earnings) 24.7%
- Fiscal year 2022: Payout ratio (earnings) 33.1%
- Fiscal year 2023: Payout ratio (earnings) 25.3%
- Fiscal year 2024: Payout ratio (earnings) 24.3%
- Fiscal year 2025: Payout ratio (earnings) 29.0%
What goes back to shareholders
Over 5 years, 153.1B USD went back to shareholders, 53% of it through share repurchases.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2016: Dividends paid 8.5B USD · Share repurchases 9.1B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2017: Dividends paid 9.0B USD · Share repurchases 15.4B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2018: Dividends paid 10.1B USD · Share repurchases 20.0B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2019: Dividends paid 12.3B USD · Share repurchases 24.0B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2020: Dividends paid 12.7B USD · Share repurchases 6.5B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2021: Dividends paid 12.9B USD · Share repurchases 18.4B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2022: Dividends paid 13.6B USD · Share repurchases 3.2B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2023: Dividends paid 13.5B USD · Share repurchases 9.8B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2024: Dividends paid 14.8B USD · Share repurchases 18.8B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2025: Dividends paid 16.6B USD · Share repurchases 31.6B USD · New shares issued (including employee plans) not available · Free cash flow not available
For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
JPMorgan Chase next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| BRK-B Berkshire Hathaway | 371.4B USD | +8.6% | – | – | 18.0% | 9.3% | 58.7% | – | – |
| JPM JPMorgan Chase this stock | 182.4B USD | +8.8% | – | – | 31.3% | 15.7% | 8.2% | – | – |
| BAC Bank of America | 113.1B USD | +5.7% | – | – | 27.0% | 10.1% | 8.9% | – | – |
| PGR Progressive Corporation | 87.7B USD | +15.5% | – | – | 12.9% | 37.3% | 24.6% | – | – |
| C Citigroup | 85.2B USD | +2.8% | – | – | 16.8% | 6.7% | 8.0% | – | – |
| WFC Wells Fargo | 83.7B USD | +3.0% | – | – | 25.5% | 11.8% | 8.4% | – | – |
| MS Morgan Stanley | 70.6B USD | +7.9% | – | – | 23.9% | 15.1% | 7.9% | – | – |
| CB Chubb Limited | 59.4B USD | +10.5% | – | – | 17.4% | 14.0% | 27.1% | – | – |
| GS Goldman Sachs | 58.3B USD | +5.5% | – | – | 29.5% | 13.7% | 6.9% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+8.8% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 8.8% per year on average – at least as fast as the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+14.4% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +17.7% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 14.4% per year on average – at least as fast as the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin31.3% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 31.27 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 24.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth1.23 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 1.23 USD of financial debt – more than the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth29% Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.29 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 182.4B | 57.0B | 31.3% | 20.02 | 5.80 | 29% |
| 2024 | Dec 31, 2024 | 177.6B | 58.5B | 32.9% | 19.75 | 4.80 | 24% |
| 2023 | Dec 31, 2023 | 158.1B | 49.6B | 31.3% | 16.23 | 4.10 | 25% |
| 2022 | Dec 31, 2022 | 128.7B | 37.7B | 29.3% | 12.09 | 4.00 | 33% |
| 2021 | Dec 31, 2021 | 121.6B | 48.3B | 39.7% | 15.36 | 3.80 | 25% |
| 2020 | Dec 31, 2020 | 119.5B | 29.1B | 24.4% | 8.88 | 3.60 | 41% |
| 2019 | Dec 31, 2019 | 115.6B | 36.4B | 31.5% | 10.72 | 3.40 | 32% |
| 2018 | Dec 31, 2018 | 109.0B | 32.5B | 29.8% | 9.00 | 2.72 | 30% |
| 2017 | Dec 31, 2017 | 99.6B | 24.4B | 24.5% | 6.31 | 2.12 | 34% |
| 2016 | Dec 31, 2016 | 95.7B | 24.7B | 25.9% | 6.19 | 1.88 | 30% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 57.3B | 21.2B | 36.9% | 7.70 | 1.50 | 19% |
| Q1/26 | Mar 31, 2026 | 49.8B | 16.5B | 33.1% | 5.94 | 1.50 | 25% |
| Q4/25* | Dec 31, 2025 | – | 13.0B | – | – | 1.50 | – |
| Q3/25 | Sep 30, 2025 | 46.4B | 14.4B | 31.0% | 5.07 | 1.50 | 30% |
| Q2/25 | Jun 30, 2025 | 44.9B | 15.0B | 33.4% | 5.24 | 1.40 | 27% |
| Q1/25 | Mar 31, 2025 | 45.3B | 14.6B | 32.3% | 5.07 | 1.40 | 28% |
| Q4/24* | Dec 31, 2024 | – | 14.0B | – | – | 1.25 | – |
| Q3/24 | Sep 30, 2024 | 42.7B | 12.9B | 30.2% | 4.37 | 1.25 | 29% |
| Q2/24 | Jun 30, 2024 | 50.2B | 18.1B | 36.2% | 6.12 | 1.15 | 19% |
| Q1/24 | Mar 31, 2024 | 41.9B | 13.4B | 32.0% | 4.44 | 1.15 | 26% |
| Q4/23* | Dec 31, 2023 | – | 9.3B | – | – | 1.05 | – |
| Q3/23 | Sep 30, 2023 | 39.9B | 13.2B | 33.0% | 4.33 | 1.05 | 24% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $1.8M1 person | −$1.8M |
| 6 months | $00 people | $15.5M9 people | −$15.5M |
| 12 months | $00 people | $126.4M11 people | −$126.4M |
Latest transactions
- Sep 10, 2026 Leopold Robin Officer Open-market sale · 10b5-1 plan 2,500 shares · $882.0K · SEC
- Aug 11, 2026 Leopold Robin Officer Open-market sale · 10b5-1 plan 2,500 shares · $903.5K · SEC
- Jun 22, 2026 Friedman Stacey Officer Open-market sale · 10b5-1 plan 5,467 shares · $1.8M · SEC
- May 20, 2026 Friedman Stacey Officer Open-market sale · 10b5-1 plan 5,468 shares · $1.6M · SEC
- May 15, 2026 Erdoes Mary E. Chief executive (CEO) Open-market sale · 10b5-1 plan 6,648 shares · $2.0M · SEC
- May 15, 2026 Lake Marianne Chief executive (CEO) Open-market sale · 10b5-1 plan 6,427 shares · $1.9M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -5
Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)15.6
Rel. strength 60 d−5.7%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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