JPMorgan Chase (JPM) FY2021 results: revenue $121.6 billion, up 1.4% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $121.6 billion for fiscal 2021, the year ended 31 December 2021, up 1.4% on the year before. Net income was $48.3 billion, up 65.9%, and diluted earnings per share $15.36. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$121.6 billion
+1.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$48.3 billion
+65.9% on the year
FY2014FY2021
Diluted EPS
$15.36
+73.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
78,084
-79,910
4,092
Cash from investing
-129,344
-261,912
-52,059
Cash from financing
275,993
596,645
32,987
-53.7%
Depreciation and amortisation
7,932
8,614
8,368
-7.9%
Share-based compensation
2,929
2,451
2,256
+19.5%
Buybacks
18,408
6,517
24,001
+182.5%
Dividends paid
12,858
12,690
12,343
+1.3%
Dividend per share
$3.80
$3.60
$3.40
+5.6%
Diluted shares, weighted
3,027m
3,087m
3,230m
-2.0%
Shares outstanding at period end
2,944m
3,049m
3,084m
-3.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
294,127
279,354
261,330
+5.3%
Deposits
2,462,303
2,144,257
1,562,431
+14.8%
Repurchase agreements
194,340
215,209
n/a
-9.7%
Trading liabilities
164,693
170,181
119,277
-3.2%
Debt
548,939
542,102
516,093
+1.3%
Other liabilities
79,165
34,968
228,248
+126.4%
Total liabilities and equity
3,743,567
3,386,071
2,687,379
+10.6%
Fixed assets
27,070
27,109
25,813
-0.1%
Goodwill
50,315
49,248
47,823
+2.2%
Securities held for sale or to maturity
672,232
590,077
398,239
+13.9%
Loans
1,061,328
984,525
n/a
+7.8%
Resale agreements
261,698
296,284
249,157
-11.7%
Securities borrowed
206,071
160,635
139,758
+28.3%
Cash and equivalents
740,834
527,609
263,631
+40.4%
Other assets
724,019
750,584
1,562,958
-3.5%
Total assets
3,743,567
3,386,071
2,687,379
+10.6%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.