Financials JPMorgan Chase & Co.

Equities

JPM

US46625H1005

Banks

Market Closed - Nyse Other stock markets 04:00:02 2026-03-06 pm EST			After hours 08:00:00 pm
289.48 ^USD	-1.39%		288.52	-0.33%

Mar. 06	Qualtrics $5.3 billion debt sale to test appetite for software bonds, loans	RE
Mar. 06	Airwallex launches treasury product in the US, offering JP Morgan money market access	RE

Projected Income Statement: JPMorgan Chase & Co.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	121,649	128,695	158,104	177,556	182,447	194,856	202,694	209,384
Change	-	5.79%	22.85%	12.3%	2.75%	6.8%	4.02%	3.3%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	50,306	52,555	70,932	85,759	86,807	90,278	93,069	95,578
Change	-	4.47%	34.97%	20.9%	1.22%	4%	3.09%	2.7%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	59,562	46,166	61,612	75,081	72,595	77,495	79,429	84,216
Change	-	-22.49%	33.46%	21.86%	-3.31%	6.75%	2.5%	6.03%
Net income ¹	46,503	35,892	47,760	56,868	55,681	58,019	60,033	63,134
Change	-	-22.82%	33.07%	19.07%	-2.09%	4.2%	3.47%	5.17%
Announcement Date	1/14/22	1/13/23	1/12/24	1/15/25	1/13/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	32,266	30,479	29,647	29,257	30,717	30,715	32,716	34,547	38,349	41,307	39,874	38,574	41,934	50,200	42,654	42,768	45,310	44,912	46,427	45,798	48,484	48,302	49,022	48,961	50,762	50,483	51,712	51,405
Change	-	-5.54%	-2.73%	-1.32%	4.99%	-0.01%	6.51%	5.6%	11.01%	7.71%	-3.47%	-3.26%	8.71%	19.71%	-15.03%	0.27%	5.94%	-0.88%	3.37%	-1.35%	5.86%	-0.37%	1.49%	-0.12%	3.68%	-0.55%	2.44%	-0.59%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	13,541	12,812	12,584	11,369	11,526	11,966	13,538	15,525	18,242	20,485	18,117	14,088	19,177	26,487	20,089	20,006	21,713	21,133	22,146	21,815	22,860	22,671	22,447	21,946	23,146	23,446	24,037	23,164
Change	-	-5.38%	-1.78%	-9.66%	1.38%	3.82%	13.14%	14.68%	17.5%	12.3%	-11.56%	-22.24%	36.12%	38.12%	-24.16%	-0.41%	8.53%	-2.67%	4.79%	-1.49%	4.79%	-0.82%	-0.99%	-2.23%	5.47%	1.3%	2.52%	-3.63%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	17,697	15,097	14,111	12,657	10,063	10,865	12,001	13,237	15,967	17,586	16,733	11,326	17,293	23,435	16,978	17,375	18,408	18,284	18,743	17,160	19,699	19,447	19,402	18,940	19,691	20,352	20,870	20,294
Change	-	-14.69%	-6.53%	-10.3%	-20.49%	7.97%	10.46%	10.3%	20.62%	10.14%	-4.85%	-32.31%	52.68%	35.52%	-27.55%	2.34%	5.95%	-0.67%	2.51%	-8.45%	14.8%	-1.28%	-0.23%	-2.38%	3.96%	3.36%	2.54%	-2.76%
Net income ¹	13,851	11,496	11,229	9,927	7,845	8,195	9,255	10,598	12,193	14,011	12,685	8,870	12,942	17,718	12,537	13,669	14,317	14,630	14,043	12,689	14,708	14,477	14,489	14,361	14,982	15,230	15,594	15,239
Change	-	-17%	-2.32%	-11.59%	-20.97%	4.46%	12.93%	14.51%	15.05%	14.91%	-9.46%	-30.07%	45.91%	36.9%	-29.24%	9.03%	4.74%	2.19%	-4.01%	-9.64%	15.92%	-1.57%	0.08%	-0.88%	4.33%	1.66%	2.39%	-2.28%
Announcement Date	4/14/21	7/13/21	10/13/21	1/14/22	4/13/22	7/14/22	10/14/22	1/13/23	4/14/23	7/14/23	10/13/23	1/12/24	4/12/24	7/12/24	10/11/24	1/15/25	4/11/25	7/15/25	10/14/25	1/13/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: JPMorgan Chase & Co.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/14/22	1/13/23	1/12/24	1/15/25	1/13/26	-	-	-

Estimates

Cash Flow Forecast: JPMorgan Chase & Co.

Fiscal Period:

Estimates

Forecast Financial Ratios: JPMorgan Chase & Co.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	41.35%	40.84%	44.86%	48.3%	47.58%	46.33%	45.92%	45.65%
EBT Margin (%)	-	48.96%	35.87%	38.97%	42.29%	39.79%	39.77%	39.19%	40.22%
Net margin (%)	-	38.23%	27.89%	30.21%	32.03%	30.52%	29.78%	29.62%	30.15%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.3%	0.98%	1.3%	1.43%	1.29%	1.29%	1.29%	1.32%
ROE	-	19%	14%	17%	18%	17%	16.8%	16.91%	17.59%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	3.8	4	4.1	4.8	5.8	6.384	6.885	7.832
Change	-	-	5.26%	2.5%	17.07%	20.83%	10.07%	7.84%	13.77%
Book Value Per Share ¹	-	88.07	90.29	104.4	116.1	127	134.9	142.8	151.5
Change	-	-	2.52%	15.68%	11.12%	9.41%	6.26%	5.84%	6.06%
EPS ¹	-	15.36	12.09	16.23	19.75	20.02	21.76	23.35	25.71
Change	-	-	-21.29%	34.24%	21.69%	1.37%	8.69%	7.31%	10.1%
Nbr of stocks (in thousands)	-	2,955,266	2,933,205	2,891,008	2,815,340	2,722,262	2,697,032	2,697,032	2,697,032
Announcement Date	-	1/14/22	1/13/23	1/12/24	1/15/25	1/13/26	-	-	-