JPMorgan Chase & Co

jpmorganchase.com

What Do They Do?

Provides banking, payment and investment services to consumers, small businesses, and corporate, institutional and government clients.

How Do They Make Money?

Earns interest on loans and debt investments based on their contractual rates, and fees from investment banking, deposits, asset management, commissions and card activity as it provides the related services.

revenue

Segment	Share	Revenue
Consumer & Community Banking	42% FY2022: 43%
Commercial & Investment Bank	43% FY2022: 46%
Asset & Wealth Management	13% FY2022: 14%

Who Are Their Customers?

Serves consumers and small businesses, along with corporate, institutional and government clients. Its investment and wealth-management services also reach institutional and retail investors and high net worth clients.

Do Revenues Turn Into Profits?

Yes. It kept 31 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

31% of revenue

▼ −2% vs FY2024 ($58.5B, 33%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +28%; vs $44.9B in Q2 FY2025
Net income: ▲ +41%; vs $15B in Q2 FY2025

Commercial & Investment Bank share of revenues, net of interest expense vs 43.5% in Q2 FY2025

Growing. Revenue grew 50% in 4 years, from $121.6B in FY2021 to $182.4B in FY2025, about 11% a year.

Revenue over time

Consumer & Community Banking Commercial & Investment Bank Asset & Wealth Management Commercial Banking Corporate & Investment Bank

$200B$100B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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