Operates a global financial services firm serving consumers, businesses, governments, and institutional clients.
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Growing
What JPMorgan does
JPMorgan Chase operates a global financial services business serving consumers, businesses, governments, and institutional clients.
Founded
1799
New York City
CEO
Jamie Dimon
Since 2005
Market cap
$882.63B
#18 in the world
Revenue (FY25)
$182.45B
+2.8% YoY
30-Second Summary
A plain-English explanation of JPMorgan Chase's business model
If you only remember one thing
JPMorgan Chase makes money by providing banking and financial services to consumers, businesses, governments, and institutional clients. Its businesses generate revenue from interest on loans, fees from payments and investment banking, asset and wealth management fees, trading, and other financial services.
Business Segments
Where JPMorgan's $185.58B Managed Revenue comes from
$185.58B
Fiscal year 2025
41% of revenue ·+6% YoY
42% of revenue ·+12% YoY
13% of revenue ·+12% YoY
4% of revenue ·-60% YoY
Business Model
How JPMorgan makes money — the ecosystem flywheel
Serve Financial Clients
Provide Financial Services
Strengths & Risks
What makes JPMorgan strong — and what could go wrong
Global Financial Platform
JPMorgan Chase serves consumers, businesses, governments, and institutional clients across more than 100 global markets.
Diversified Banking Businesses
The company operates Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management businesses.
Large Payments Network
JPMorgan Chase operates large-scale payment and transaction-processing businesses for consumers, merchants, corporations, and institutions.
Investment Banking Platform
The Commercial & Investment Bank provides investment banking, markets, commercial banking, and payments services to institutional and business clients.
Asset & Wealth Management
JPMorgan Chase provides asset management, private banking, and wealth management services to individuals and institutions.
Financial Overview
Fiscal year 2025 (ended December 31, 2025)
$182.45B
+2.8% YoY
FY25
$57.05B
-2.4% YoY
FY25
$-147.78B
-251.8% YoY
FY25
JPMorgan Chase generated $182.4B of total net revenue in fiscal 2025 and $57.0B of net income.
Financial History
5-year trend, fiscal years 2021–2025
$182.45B
+50% since FY21
Business Ecosystem
Who JPMorgan depends on — and who depends on JPMorgan
Consumers
Consumers use Chase for deposits, credit cards, mortgages, lending, payments, and other financial services.
Businesses
Businesses use JPMorgan Chase for commercial banking, payments, lending, treasury services, and investment banking.
Institutions & Governments
Institutional and government clients use JPMorgan Chase for markets, custody, payments, financing, investment banking, and asset management services.
JPMorgan Chase
Global financial services platform
Competitors
Companies that compete with JPMorgan Chase across consumer banking, commercial banking, investment banking, markets, payments, and wealth management. Market caps use an October 2026 snapshot.
Bank of America
$375.72B
Direct banking competitor — Bank of America provides consumer, commercial, investment banking, and wealth management services.
Morgan Stanley
$295.28B
Financial services competitor — Morgan Stanley competes with JPMorgan Chase across investment banking, markets, and wealth management.
Wells Fargo
$242.67B
Banking competitor — Wells Fargo provides consumer, commercial, lending, payments, and wealth management services.
Visa Inc.
Operates a global payments technology network connecting consumers, businesses, financial institutions, and governments.
Mastercard Incorporated
Operates a global payments technology network that connects consumers, businesses, financial institutions, and governments.
PayPal Holdings, Inc.
