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JPMorgan Chase & Co

JPMorgan Chase & Co Q1 2024 Earnings Analysis

Reported on 2024-05-01 / Fiscal Quarter Q1 2024
Revenue Up YoY Margin Improving EPS Up YoY Strong Quarter
JPMorgan Chase & Co delivered a constructive Q1 2024, with growth supported by improving profitability.

Revenue grew 21.3% year over year and fell 75.5% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. JPMorgan Chase & Co also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Summary Charts Key Takeaways Revenue Analysis Profitability FAQ
Revenue
$66.3B
YoY: 21.2716%
QoQ: -75.5293%
Net Income
$13.4B
YoY: 6.3144%
QoQ: 44.18%
EPS (Diluted)
$4.44
YoY: 8.29%
Net Margin
20.3%
YoY: -2.85 pts
QoQ: 5.22 pts
Gross Margin
60.4%
Operating Margin
26.1%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

JPMorgan Chase & Co reported $66.3B in revenue for Q1 2024, up 21.3% YoY and down 75.5% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $66.3B
Previous Quarter $61.9B
Same Quarter Last Year $54.6B
YoY Change +21.3%
QoQ Change -75.5%

Profitability Analysis

Net income came in at $13.4B, up 6.3% YoY and up 44.2% QoQ. Net margin was 20.3%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $13.4B
EPS $4.44
Net Margin 20.3%
QoQ Margin Change +5.2 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was JPMorgan Chase & Co's revenue in Q1 2024?

JPMorgan Chase & Co reported revenue of $66.3B in Q1 2024.

What was JPMorgan Chase & Co's net income in Q1 2024?

JPMorgan Chase & Co reported net income of $13.4B in Q1 2024.

How did JPMorgan Chase & Co's revenue change year over year?

JPMorgan Chase & Co's revenue increased by 21.3% year over year in Q1 2024.

What was JPMorgan Chase & Co's net margin in Q1 2024?

JPMorgan Chase & Co's net margin was 20.3% in Q1 2024.

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JPMorgan Chase & Co Company Overview

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JPMorgan Chase & Co Revenue & Profit Trends

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Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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