JPMorgan Chase (JPM) FY2023 results: revenue $158.1 billion, up 22.9% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $158.1 billion for fiscal 2023, the year ended 31 December 2023, up 22.9% on the year before. Net income was $49.6 billion, up 31.5%, and diluted earnings per share $16.23. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$158.1 billion
+22.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$49.6 billion
+31.5% on the year
FY2016FY2023
Diluted EPS
$16.23
+34.2% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
12,974
107,119
78,084
-87.9%
Cash from investing
67,643
-137,819
-129,344
Cash from financing
-25,571
-126,257
275,993
Depreciation and amortisation
7,512
7,051
7,932
+6.5%
Share-based compensation
3,117
2,794
2,929
+11.6%
Buybacks
9,824
3,162
18,408
+210.7%
Dividends paid
13,463
13,562
12,858
-0.7%
Dividend per share
$4.10
$4.00
$3.80
+2.5%
Diluted shares, weighted
2,943m
2,970m
3,027m
-0.9%
Shares outstanding at period end
2,877m
2,934m
2,944m
-2.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
327,878
292,332
294,127
+12.2%
Deposits
2,400,688
2,340,179
2,462,303
+2.6%
Repurchase agreements
216,535
202,613
194,340
+6.9%
Trading liabilities
180,428
177,976
164,693
+1.4%
Debt
653,072
542,505
548,939
+20.4%
Other liabilities
96,792
110,138
79,165
-12.1%
Total liabilities and equity
3,875,393
3,665,743
3,743,567
+5.7%
Fixed assets
n/a
27,734
27,070
Goodwill
52,634
51,662
50,315
+1.9%
Intangible assets
2,000
707
n/a
+182.9%
Securities held for sale or to maturity
571,552
631,162
672,232
-9.4%
Loans
1,301,286
1,115,921
1,061,328
+16.6%
Resale agreements
276,152
315,592
261,698
-12.5%
Securities borrowed
200,436
185,369
206,071
+8.1%
Cash and equivalents
624,151
567,234
740,834
+10.0%
Other assets
847,182
770,362
724,019
+10.0%
Total assets
3,875,393
3,665,743
3,743,567
+5.7%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.