JPMorgan Chase (JPM) FY2017 results: revenue $100.7 billion, up 4.3% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $100.7 billion for fiscal 2017, the year ended 31 December 2017, up 4.3% on the year before. Net income was $24.4 billion, down 1.2%, and diluted earnings per share $6.31. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$100.7 billion
+4.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$24.4 billion
-1.2% on the year
FY2010FY2017
Diluted EPS
$6.31
+1.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
100,705
96,569
93,543
+4.3%
Interest expense
13,874
9,818
7,463
+41.3%
Pre-tax income
35,900
34,536
30,702
+3.9%
Income tax
11,459
9,803
6,260
+16.9%
Effective tax rate
31.9%
28.4%
20.4%
Net income
24,441
24,733
24,442
-1.2%
Net margin
24.3%
25.6%
26.1%
Diluted EPS
$6.31
$6.19
$6.00
+1.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-10,827
21,884
73,466
Cash from investing
28,249
-89,202
106,980
Cash from financing
14,642
98,271
-187,511
-85.1%
Depreciation and amortisation
6,179
5,478
4,940
+12.8%
Share-based compensation
2,070
1,940
1,987
+6.7%
Buybacks
15,410
9,082
5,616
+69.7%
Dividends paid
8,993
8,476
7,873
+6.1%
Dividend per share
$2.12
$1.88
$1.72
+12.8%
Diluted shares, weighted
3,577m
3,650m
3,733m
-2.0%
Shares outstanding at period end
3,425m
3,561m
3,664m
-3.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
255,693
254,190
247,573
+0.6%
Deposits
1,443,982
1,375,179
1,279,715
+5.0%
Trading liabilities
123,663
136,659
126,897
-9.5%
Debt
494,798
495,354
477,996
-0.1%
Other liabilities
215,464
229,590
219,517
-6.2%
Total liabilities and equity
2,533,600
2,490,972
2,351,698
+1.7%
Fixed assets
14,159
14,131
14,362
+0.2%
Goodwill
47,507
47,288
47,325
+0.5%
Securities held for sale or to maturity
249,411
288,133
288,740
-13.4%
Loans
n/a
n/a
823,744
Resale agreements
198,422
229,967
212,575
-13.7%
Securities borrowed
105,112
96,409
n/a
+9.0%
Cash and equivalents
431,304
391,154
361,683
+10.3%
Other assets
1,487,685
1,423,890
603,269
+4.5%
Total assets
2,533,600
2,490,972
2,351,698
+1.7%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.