JPMorgan Chase (JPM) FY2016 results: revenue $96.6 billion, up 3.2% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $96.6 billion for fiscal 2016, the year ended 31 December 2016, up 3.2% on the year before. Net income was $24.7 billion, up 1.2%, and diluted earnings per share $6.19. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$96.6 billion
+3.2% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$24.7 billion
+1.2% on the year
FY2009FY2016
Diluted EPS
$6.19
+3.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
96,569
93,543
95,112
+3.2%
Interest expense
9,818
7,463
7,897
+31.6%
Pre-tax income
34,536
30,702
30,699
+12.5%
Income tax
9,803
6,260
8,954
+56.6%
Effective tax rate
28.4%
20.4%
29.2%
Net income
24,733
24,442
21,762
+1.2%
Net margin
25.6%
26.1%
22.9%
Diluted EPS
$6.19
$6.00
$5.29
+3.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
21,884
73,466
36,593
-70.2%
Cash from investing
-89,202
106,980
-165,636
Cash from financing
98,271
-187,511
118,228
Depreciation and amortisation
5,478
4,940
4,759
+10.9%
Share-based compensation
1,940
1,987
2,190
-2.4%
Buybacks
9,082
5,616
n/a
+61.7%
Dividends paid
8,476
7,873
6,990
+7.7%
Dividend per share
$1.88
$1.72
$1.58
+9.3%
Diluted shares, weighted
3,650m
3,733m
3,798m
-2.2%
Shares outstanding at period end
3,561m
3,664m
3,715m
-2.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
254,190
247,573
232,065
+2.7%
Deposits
1,375,179
1,279,715
1,363,427
+7.5%
Trading liabilities
136,659
126,897
152,815
+7.7%
Debt
495,354
477,996
565,046
+3.6%
Other liabilities
229,590
219,517
259,773
+4.6%
Total liabilities and equity
2,490,972
2,351,698
2,573,126
+5.9%
Fixed assets
14,131
14,362
15,133
-1.6%
Goodwill
47,288
47,325
47,647
-0.1%
Securities held for sale or to maturity
288,133
288,740
345,474
-0.2%
Loans
n/a
823,744
743,151
Resale agreements
229,967
212,575
215,803
+8.2%
Securities borrowed
96,409
n/a
n/a
Cash and equivalents
391,154
361,683
n/a
+8.1%
Other assets
1,423,890
603,269
1,205,918
+136.0%
Total assets
2,490,972
2,351,698
2,573,126
+5.9%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.