JPMorgan Chase & Co.

JPMNYSEFinancial Services● Active

$312.37

+$1.48(+0.48%)

Market Cap$837.0B

P/E Ratio—

52W High$337.25

52W Low$260.31

Avg Volume9.3M

Open$314.29

Beta1.00

Overview

JPMorgan Chase & Co. (JPM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

JPM · free cash flow · updated Jun 8, 2026

Core FCF metrics

JPM · FCF · TTM · margin & CAGR

Free cash flow was $100.87B for FY2025 (fiscal year ending 2025-12-31), up 340.1% year-over-year The FCF margin was 36.1%.

FY2025 Free Cash Flow$100.87B▲ +340.1% YoY

Trailing 12M (TTM)$140.94Btrailing 4 quarters sum

FCF Margin36.1%$100.87B ÷ revenue

3-Year CAGR-2.0%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

JPM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$100.87B(0M)$100.87B▲ +340.1%36.1%

FY2024−$42.01B(0M)−$42.01B▼ 423.8%-15.5%

FY2023$12.97B(0M)$12.97B▼ 87.9%5.5%

FY2022$107.12B(0M)$107.12B▲ +37.2%69.6%

FY2021$78.08B(0M)$78.08B▲ +197.7%61.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

JPM · P/FCF · FCF yield · FCF per share

JPMorgan Chase & Co. (JPM) trades at a FCF yield of 16.84% and a price-to-free-cash-flow ratio of 6.2x. FCF per share stands at $50.54, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.84%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$50.54

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

JPM · cash flow statement · operating / investing / financing

For FY2025, JPMorgan Chase & Co. generated $100.87B in operating cash flow and spent 0M in capital expenditures, yielding $100.87B in free cash flow.

Operating Activities

+$100.87B

Cash from core business operations

2025-12-31

Investing Activities

−$514.21B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$269.53B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($100.87B) − |CapEx| (0M) = FCF ($100.87B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

JPM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

JPMorgan Chase & Co.YOU

JPM

$100.87B+340.1%36.1%

100%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Bank of America Corporation

BAC

$12.61B+243.2%6.6%

13%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

JPMorgan Chase & Co. (JPM) reported free cash flow of $100.87B for FY2025 (fiscal year ending 2025-12-31), up 340.1% year-over-year. The FCF margin was 36.1%.

Based on available data, JPMorgan Chase & Co. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $107.95B in FY2013.

JPMorgan Chase & Co.'s FCF yield is 16.84% and price-to-FCF ratio is 6.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

JPM free cash flow · 8 questions

JPMorgan Chase & Co. free cash flow was $100.87B for FY2025, up 340.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $140.94B.

JPM free cash flowJPM FCFJPM FCF 2025JPM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · JPMorgan Chase & Co. · JPMorgan Chase & Co. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026