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JPMorgan Chase & Co

JPMorgan Chase & Co Q3 2022 Earnings Analysis

Reported on 2022-11-03 / Fiscal Quarter Q3 2022
Revenue Up YoY Sequential Improvement Margin Under Pressure EPS Below Prior Year Mixed Quarter
JPMorgan Chase & Co reported Q3 2022 results with relatively stable operating performance.

Revenue grew 31.3% year over year and rose 19.2% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$40.8B
YoY: 31.3383%
QoQ: 19.1895%
Net Income
$9.7B
YoY: -16.6852%
QoQ: 12.58%
EPS (Diluted)
$3.12
YoY: -16.58%
Net Margin
23.9%
YoY: -13.76 pts
QoQ: -1.4 pts
Gross Margin
76.4%
Operating Margin
29.4%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

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 $40.8B in revenue for Q3 2022, up 31.3% YoY and up 19.2% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $40.8B
Previous Quarter $34.2B
Same Quarter Last Year $31.1B
YoY Change +31.3%
QoQ Change +19.2%

Profitability Analysis

Net income came in at $9.7B, down 16.7% YoY and up 12.6% QoQ. Net margin was 23.9%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $9.7B
EPS $3.12
Net Margin 23.9%
QoQ Margin Change -1.4 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 Q3 2022?

JPMorgan Chase & Co reported revenue of $40.8B in Q3 2022.

What was JPMorgan Chase & Co's net income in Q3 2022?

JPMorgan Chase & Co reported net income of $9.7B in Q3 2022.

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

JPMorgan Chase & Co's revenue increased by 31.3% year over year in Q3 2022.

What was JPMorgan Chase & Co's net margin in Q3 2022?

JPMorgan Chase & Co's net margin was 23.9% in Q3 2022.

Related
JPMorgan Chase & Co Q2 2022 Earnings

Compare this quarter with the previous earnings report.

Related
JPMorgan Chase & Co Company Overview

Explore company profile, industry, and historical context.

Related
JPMorgan Chase & Co Revenue & Profit Trends

View more quarterly financial trend pages for this company.

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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