JPM JPMorgan Chase margins

Relative Growth: Rel. Growth: 94

Relative Strength: Rel. Strength: 67

Relative Valuation: Rel. Valuation: 61

Relative Profitability: Rel. Profitability: 88

Gross margin

100%

Operating margin

48.6%

EBITDA margin

46%

Net margin

31.9%

The JPMorgan Chase shows a gross margin of 100%, an operating margin of 48.6%, an EBITDA margin of 46%, and a net margin of 31.9%. EBITDA margin improved by 1.7 percentage points, while other available margins were stable.

JPM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, JPMorgan Chase's margins averaged 100% gross, 46.92% operating, 44.38% EBITDA, and 31.11% net. For JPMorgan Chase, operating, EBITDA, and net margins are above their three-year averages.

JPM margin expansion

Year-over-year margin changes in percentage points

operating margin expanded by 1.4 percentage points, EBITDA margin by 1.7 percentage points, and net margin by 0.5 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

1.4pp

EBITDA margin expansion

1.7pp

Net margin expansion

0.5pp

JPM Gross margin

JPMorgan Chase recorded an average gross margin of 100% across the last 3 years. As of the latest period, JPMorgan Chase's current gross margin is 100%, which is in line with its three-year average. The gross margin for JPMorgan Chase moved between 100% in Sep 2023 and 100% in Jun 2026.

JPM Operating margin

Over the last 3 years, JPMorgan Chase's operating margin averaged 46.92%. The current operating margin of 48.6% is 1.7 percentage points above its three-year average. During this period, operating margin reached a high of 48.8% in Mar 2025 and a low of 44.4% in Mar 2024.

JPM EBITDA margin

JPMorgan Chase's EBITDA margin averaged 44.38% during the last 3 years. The current EBITDA margin stands at 46%, 1.6 percentage points above its three-year average. Over the last 3 years, JPMorgan Chase's EBITDA margin peaked at 46% in Jun 2026 and reached a low of 42.6% in Dec 2023.

JPM Net margin

Over the last 3 years, JPMorgan Chase's net margin averaged 31.11%. The current net margin of 31.9% is 0.8 percentage points above its three-year average. During this period, net margin reached a high of 32.2% in Mar 2025 and a low of 30% in Mar 2024.

JPM margin group comparison

Margins compared with peer-group, industry and sector averages

JPMorgan Chase's gross margin of 100% is above the Financial Services sector, the industry and its peers average. Looking at its Financial Services sector average of 84.1%, JPMorgan Chase's gross margin is 19% higher.

JPM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is JPMorgan Chase's gross margin?

The current gross margin for JPM is 100% as of Jun 30, 2026.

What is JPMorgan Chase's operating margin?

As of Jun 30, 2026, JPM has an operating margin of 48.6%.

What is JPMorgan Chase's EBITDA margin?

The current EBITDA margin for JPM is 46% as of Jun 30, 2026.

What is JPMorgan Chase's net margin?

For the period ending Jun 30, 2026, JPM recorded a net margin of 31.9%.

What are the average margins of JPM?

Across the last 3 years, JPM averaged 100.0% gross, 46.9% operating, 44.4% EBITDA, and 31.1% net.

What are the highest historical margins of JPM?

In the last 5 years, the highest margins reported by JPM were 100% gross in Jun 2026, 48.8% operating in Mar 2025, 56.2% EBITDA in Sep 2021, and 39.7% net in Sep 2021.

What are the lowest historical margins of JPM?

Across the 5-year period, JPM posted its lowest margins at 100% gross in Sep 2021, 39.2% operating in Sep 2022, 40% EBITDA in Dec 2022, and 27.9% net in Dec 2022.