JPMorgan Chase (JPM) FY2015 results: revenue $93.5 billion, down 1.6% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $93.5 billion for fiscal 2015, the year ended 31 December 2015, down 1.6% on the year before. Net income was $24.4 billion, up 12.3%, and diluted earnings per share $6.00. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$93.5 billion
-1.6% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$24.4 billion
+12.3% on the year
FY2008FY2015
Diluted EPS
$6.00
+13.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
93,543
95,112
97,367
-1.6%
Interest expense
7,463
7,897
9,350
-5.5%
Pre-tax income
30,702
30,699
26,675
+0.0%
Income tax
6,260
8,954
8,789
-30.1%
Effective tax rate
20.4%
29.2%
32.9%
Net income
24,442
21,762
17,886
+12.3%
Net margin
26.1%
22.9%
18.4%
Diluted EPS
$6.00
$5.29
$4.35
+13.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
73,466
36,593
107,953
+100.8%
Cash from investing
106,980
-165,636
-150,501
Cash from financing
-187,511
118,228
28,324
Depreciation and amortisation
4,940
4,759
5,306
+3.8%
Share-based compensation
1,987
2,190
2,219
-9.3%
Buybacks
5,616
n/a
n/a
Dividends paid
7,873
6,990
6,056
+12.6%
Dividend per share
$1.72
$1.58
$1.44
+8.9%
Diluted shares, weighted
3,733m
3,798m
3,815m
-1.7%
Shares outstanding at period end
3,664m
3,715m
3,756m
-1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
247,573
232,065
211,178
+6.7%
Deposits
1,279,715
1,363,427
1,287,765
-6.1%
Trading liabilities
126,897
152,815
137,744
-17.0%
Debt
477,996
565,046
534,894
-15.4%
Other liabilities
219,517
259,773
244,108
-15.5%
Total liabilities and equity
2,351,698
2,573,126
2,415,689
-8.6%
Fixed assets
14,362
15,133
14,891
-5.1%
Goodwill
47,325
47,647
48,081
-0.7%
Securities held for sale or to maturity
288,740
345,474
350,861
-16.4%
Loans
823,744
743,151
722,154
+10.8%
Resale agreements
212,575
215,803
248,116
-1.5%
Securities borrowed
n/a
n/a
111,465
Cash and equivalents
361,683
n/a
n/a
Other assets
603,269
1,205,918
920,121
-50.0%
Total assets
2,351,698
2,573,126
2,415,689
-8.6%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.