JPMorgan Chase (JPM) FY2024 results: revenue $177.6 billion, up 12.3% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $177.6 billion for fiscal 2024, the year ended 31 December 2024, up 12.3% on the year before. Net income was $58.5 billion, up 18.0%, and diluted earnings per share $19.75. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$177.6 billion
+12.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$58.5 billion
+18.0% on the year
FY2017FY2024
Diluted EPS
$19.75
+21.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-42,012
12,974
107,119
Cash from investing
-163,403
67,643
-137,819
Cash from financing
63,447
-25,571
-126,257
Depreciation and amortisation
7,938
7,512
7,051
+5.7%
Share-based compensation
3,504
3,117
2,794
+12.4%
Buybacks
18,830
9,824
3,162
+91.7%
Dividends paid
14,783
13,463
13,562
+9.8%
Dividend per share
$4.80
$4.10
$4.00
+17.1%
Diluted shares, weighted
2,879m
2,943m
2,970m
-2.2%
Shares outstanding at period end
2,798m
2,877m
2,934m
-2.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
344,758
327,878
292,332
+5.1%
Deposits
2,406,032
2,400,688
2,340,179
+0.2%
Repurchase agreements
296,835
216,535
202,613
+37.1%
Trading liabilities
192,883
180,428
177,976
+6.9%
Debt
751,146
653,072
542,505
+15.0%
Other liabilities
11,160
96,792
110,138
-88.5%
Total liabilities and equity
4,002,814
3,875,393
3,665,743
+3.3%
Fixed assets
n/a
n/a
27,734
Goodwill
52,565
52,634
51,662
-0.1%
Intangible assets
1,700
2,000
707
-15.0%
Securities held for sale or to maturity
681,320
571,552
631,162
+19.2%
Loans
1,323,643
1,301,286
1,115,921
+1.7%
Resale agreements
295,001
276,152
315,592
+6.8%
Securities borrowed
219,546
200,436
185,369
+9.5%
Cash and equivalents
469,317
624,151
567,234
-24.8%
Other assets
959,722
847,182
770,362
+13.3%
Total assets
4,002,814
3,875,393
3,665,743
+3.3%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.