How does JPMorgan Chase (JPM) make money?

JPMorgan Chase (JPM) primarily makes money through Commercial And Investment Bank, which accounts for 42.9% of total revenue. For TTM through Q1 2026, JPMorgan Chase generated $285.09B in total revenue with a net profit margin of 20.7%.

What is JPMorgan Chase (JPM) gross profit margin?

JPMorgan Chase (JPM) reported a gross profit margin of 60.9% for TTM through Q1 2026, equivalent to $173.52B in gross profit. This means JPMorgan Chase retains 60.9% of each revenue unit after direct costs of production.

What is JPMorgan Chase (JPM) operating profit margin?

JPMorgan Chase (JPM) reported an operating profit margin of 26.2% for TTM through Q1 2026, equivalent to $74.67B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is JPMorgan Chase (JPM) net profit margin?

JPMorgan Chase (JPM) reported a net profit margin of 20.7% for TTM through Q1 2026, equivalent to $58.90B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

What is JPMorgan Chase (JPM) free cash flow?

JPMorgan Chase (JPM) generated $100.87B in free cash flow for TTM through Q1 2026 (35.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is JPMorgan Chase (JPM) effective tax rate?

JPMorgan Chase (JPM) had an effective tax rate of 21.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How JPMorgan Chase (JPM) Makes Money: A Visual Guide

JPMorgan Chase (JPM) generated $285.09B in revenue, earning $58.90B in net profit (20.7% margin). Its largest revenue source is Commercial And Investment Bank (42.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

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

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 14, 2026).

Frequently asked questions

How does JPMorgan Chase (JPM) make money?: JPMorgan Chase (JPM) primarily makes money through Commercial And Investment Bank, which accounts for 42.9% of total revenue. For TTM through Q1 2026, JPMorgan Chase generated $285.09B in total revenue with a net profit margin of 20.7%.
What is JPMorgan Chase (JPM) gross profit margin?: JPMorgan Chase (JPM) reported a gross profit margin of 60.9% for TTM through Q1 2026, equivalent to $173.52B in gross profit. This means JPMorgan Chase retains 60.9% of each revenue unit after direct costs of production.
What is JPMorgan Chase (JPM) operating profit margin?: JPMorgan Chase (JPM) reported an operating profit margin of 26.2% for TTM through Q1 2026, equivalent to $74.67B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is JPMorgan Chase (JPM) net profit margin?: JPMorgan Chase (JPM) reported a net profit margin of 20.7% for TTM through Q1 2026, equivalent to $58.90B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
What is JPMorgan Chase (JPM) free cash flow?: JPMorgan Chase (JPM) generated $100.87B in free cash flow for TTM through Q1 2026 (35.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is JPMorgan Chase (JPM) effective tax rate?: JPMorgan Chase (JPM) had an effective tax rate of 21.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.