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Operating Margin for JPMorgan Chase (JPM)

As of · Reported

Metric

TTM

26.2%

YoY change

−1.78pp

Trough year (1989)

-5.5%

Peak year (2021)

46.8%

Operating Margin history chart for JPMorgan Chase (JPM) from 1989 to 2025

Latest: 26.0%

Operating Margin change chart for JPMorgan Chase (JPM) from 1989 to 2025

Latest: −1.78pp

Operating Margin history table for JPMorgan Chase (JPM) from 1989 to 2025

  • 202526.0%-1.78pp
  • 202427.7%+1.65pp
  • 202326.1%-3.94pp
  • 202230.0%-16.80pp
  • 202146.8%+19.23pp
  • 202027.6%-3.90pp
  • 201931.5%+0.08pp
  • 201831.4%+0.07pp
  • 201731.3%-1.13pp
  • 201632.5%+2.07pp
  • 201530.4%+0.59pp
  • 201429.8%+4.81pp
  • 201325.0%-1.76pp
  • 201226.8%+2.62pp
  • 201124.1%+2.61pp
  • 201021.5%+7.63pp
  • 200913.9%+11.16pp
  • 20082.7%-16.87pp
  • 200719.6%-0.31pp
  • 200619.9%+5.07pp
  • 200514.8%+4.44pp
  • 200410.4%-12.20pp
  • 200322.6%+16.80pp
  • 20025.8%+0.72pp
  • 20015.1%-9.45pp
  • 200014.5%-7.62pp
  • 199922.2%+3.84pp
  • 199818.3%-1.12pp
  • 199719.4%+5.55pp
  • 199613.9%-4.36pp
  • 199518.2%+0.81pp
  • 199417.4%+0.47pp
  • 199317.0%+6.05pp
  • 199210.9%+8.86pp
  • 19912.1%-2.30pp
  • 19904.3%+9.87pp
  • 1989-5.5%—

Operating Margin values are taken from JPMorgan Chase's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at JPMorgan Chase (JPM)

According to JPMorgan Chase's latest reported financial statements, the company's latest reported operating margin is 26.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for JPMorgan Chase (JPM) came in at 25.95% – contracted 1.8 percentage points year-over-year.

2021 marks the peak operating margin at 46.81%, with the historical low of -5.52% recorded in 1989.

JPMorgan Chase Operating Margin by Year

JPMorgan Chase Operating Margin 2025: 26.0%

2025's operating margin for JPMorgan Chase came in at 25.95%, contracted 1.8 percentage points from 2024.

JPMorgan Chase Operating Margin 2024: 27.7%

JPMorgan Chase posted operating margin of 27.73% in 2024, expanded 1.7 percentage points from 2023.

JPMorgan Chase Operating Margin 2023: 26.1%

In 2023, JPMorgan Chase reported operating margin of 26.08%, contracted 3.9 percentage points from 2022.

JPMorgan Chase Operating Margin 2022: 30.0%

JPMorgan Chase operating margin in 2022 was 30.01%, contracted 16.8 percentage points from 2021.

JPMorgan Chase Operating Margin 2021: 46.8%

JPMorgan Chase operating margin in 2021 was 46.81%.

See more financial history for JPMorgan Chase (JPM).

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