How does JPMorgan Chase (JPM) make money?

JPMorgan Chase (JPM) generates revenue primarily from Commercial And Investment Bank, which accounted for 42.9% of total revenue in TTM through Q1 2026. The company reported $285.09B in revenue and converted 20.7% of it into net profit, equivalent to roughly $58.90B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of JPMorgan Chase (JPM)?

JPMorgan Chase (JPM) reported a gross profit margin of 60.9% in TTM through Q1 2026, equivalent to $173.52B in gross profit on $285.09B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of JPMorgan Chase (JPM)?

JPMorgan Chase (JPM) reported an operating profit margin of 26.2% in TTM through Q1 2026, equivalent to $74.67B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of JPMorgan Chase (JPM)?

JPMorgan Chase (JPM) reported a net profit margin of 20.7% in TTM through Q1 2026, equivalent to $58.90B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is JPMorgan Chase (JPM) profitable?

Yes. JPMorgan Chase (JPM) reported $58.90B in net income for TTM through Q1 2026, with a net profit margin of 20.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much free cash flow does JPMorgan Chase (JPM) generate?

JPMorgan Chase (JPM) generated $140.94B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 49.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of JPMorgan Chase (JPM)?

JPMorgan Chase (JPM) had an effective tax rate of 21.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of JPMorgan Chase (JPM)?

JPMorgan Chase (JPM) reports revenue across 4 reportable product segments, led by Commercial And Investment Bank at 42.1% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How JPMorgan Chase Makes Money: 2026 Visual Revenue Map

JPMorgan Chase (JPM) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 1, 2026).

JPMorgan Chase discloses geographic revenue only in annual filings. to view the full breakdown.

JPMorgan Chase (JPM) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for JPMorgan Chase (JPM) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Commercial And Investment Bank	$120.08B	42.1%
Consumer & Community Banking	$117.89B	41.4%
Asset and Wealth Management Segment	$37.47B	13.1%
Segment Reporting, Reconciling Item, Corporate Nonsegment	$9.64B	3.4%
Total	$285.09B	100%

Commercial And Investment Bank$120.08B
Consumer & Community Banking$117.89B
Asset and Wealth Management Segment$37.47B
Segment Reporting, Reconciling Item, Corporate Nonsegment$9.64B
Total$285.09B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, JPMorgan Chase (JPM) reports revenue across 4 operating segments; the largest segment was Commercial And Investment Bank at 42.1%, followed by Consumer & Community Banking (41.4%) and Asset and Wealth Management Segment (13.1%).

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