Jpmorgan Chase & annual debt-to-equity ratio
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Jpmorgan Chase & Debt-to-Equity Ratio Growth & History (JPM)
Jpmorgan Chase &'s debt-to-equity ratio was 1.41 for fiscal 2025.
View full Jpmorgan Chase & company overviewJpmorgan Chase & annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.41 | 0.06 | +4.59% |
| 2024 | 2024-12-31 | 1.34 | −0.01 | −1.09% |
| 2023 | 2023-12-31 | 1.36 | 0.17 | +14.08% |
| 2022 | 2022-12-31 | 1.19 | −0.04 | −3.50% |
| 2021 | 2021-12-31 | 1.23 | 0.03 | +2.77% |
| 2020 | 2020-12-31 | 1.20 | −0.10 | −7.97% |
| 2019 | 2019-12-31 | 1.30 | −0.06 | −4.74% |
| 2018 | 2018-12-31 | 1.37 | 0.06 | +4.26% |
| 2017 | 2017-12-31 | 1.31 | 0.02 | +1.28% |
| 2016 | 2016-12-31 | 1.30 | 0.07 | +5.55% |
| 2015 | 2015-12-31 | 1.23 | −0.25 | −16.92% |
| 2014 | 2014-12-31 | 1.48 | −0.06 | −4.12% |
| 2013 | 2013-12-31 | 1.54 | 0.05 | +3.41% |
| 2012 | 2012-12-31 | 1.49 | −0.19 | −11.21% |
| 2011 | 2011-12-31 | 1.68 | −0.06 | −3.32% |
| 2010 | 2010-12-31 | 1.74 | −0.18 | −9.29% |
| 2009 | 2009-12-31 | 1.92 | 0.07 | +3.61% |
| 2008 | 2008-12-31 | 1.85 | — | — |
Jpmorgan Chase & quarterly debt-to-equity ratio
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.45 | 0.06 | +4.54% |
| Q1 2026 | 2026-03-31 | 1.45 | 0.08 | +5.51% |
| Q4 2025 | 2025-12-31 | 1.41 | 0.06 | +4.59% |
| Q3 2025 | 2025-09-30 | 1.40 | 0.05 | +3.42% |
| Q2 2025 | 2025-06-30 | 1.39 | 0.06 | +4.81% |
| Q1 2025 | 2025-03-31 | 1.37 | 0.03 | +2.26% |
| Q4 2024 | 2024-12-31 | 1.34 | −0.01 | −1.09% |
| Q3 2024 | 2024-09-30 | 1.36 | 0.04 | +3.36% |
| Q2 2024 | 2024-06-30 | 1.32 | −0.00 | −0.20% |
| Q1 2024 | 2024-03-31 | 1.34 | 0.20 | +17.38% |
| Q4 2023 | 2023-12-31 | 1.36 | 0.17 | +14.08% |
| Q3 2023 | 2023-09-30 | 1.31 | 0.12 | +10.14% |
| Q2 2023 | 2023-06-30 | 1.32 | 0.08 | +6.75% |
| Q1 2023 | 2023-03-31 | 1.14 | −0.12 | −9.17% |
| Q4 2022 | 2022-12-31 | 1.19 | −0.04 | −3.50% |
| Q3 2022 | 2022-09-30 | 1.19 | −0.04 | −3.12% |
| Q2 2022 | 2022-06-30 | 1.24 | −0.02 | −1.36% |
| Q1 2022 | 2022-03-31 | 1.26 | 0.04 | +2.87% |
| Q4 2021 | 2021-12-31 | 1.23 | 0.03 | +2.77% |
| Q3 2021 | 2021-09-30 | 1.23 | 0.02 | +1.31% |
| Q2 2021 | 2021-06-30 | 1.26 | −0.15 | −10.94% |
| Q1 2021 | 2021-03-31 | 1.22 | −0.16 | −11.31% |
| Q4 2020 | 2020-12-31 | 1.20 | −0.10 | −7.97% |
| Q3 2020 | 2020-09-30 | 1.22 | −0.12 | −9.19% |
| Q2 2020 | 2020-06-30 | 1.41 | 0.06 | +4.06% |
| Q1 2020 | 2020-03-31 | 1.38 | −0.05 | −3.49% |
| Q4 2019 | 2019-12-31 | 1.30 | −0.06 | −4.74% |
| Q3 2019 | 2019-09-30 | 1.34 | 0.05 | +3.53% |
| Q2 2019 | 2019-06-30 | 1.36 | 0.05 | +3.66% |
| Q1 2019 | 2019-03-31 | 1.43 | 0.11 | +8.44% |
| Q4 2018 | 2018-12-31 | 1.37 | 0.06 | +4.26% |
| Q3 2018 | 2018-09-30 | 1.29 | 0.08 | +6.77% |
| Q2 2018 | 2018-06-30 | 1.31 | 0.09 | +7.36% |
| Q1 2018 | 2018-03-31 | 1.32 | 0.13 | +10.60% |
| Q4 2017 | 2017-12-31 | 1.31 | 0.02 | +1.28% |
| Q3 2017 | 2017-09-30 | 1.21 | −0.05 | −4.27% |
| Q2 2017 | 2017-06-30 | 1.22 | −0.02 | −1.63% |
| Q1 2017 | 2017-03-31 | 1.19 | −0.04 | −3.45% |
| Q4 2016 | 2016-12-31 | 1.30 | 0.07 | +5.55% |
| Q3 2016 | 2016-09-30 | 1.26 | −0.01 | −0.58% |
| Q2 2016 | 2016-06-30 | 1.24 | −0.12 | −9.10% |
| Q1 2016 | 2016-03-31 | 1.23 | −0.19 | −13.57% |
| Q4 2015 | 2015-12-31 | 1.23 | −0.25 | −16.92% |
| Q3 2015 | 2015-09-30 | 1.27 | −0.15 | −10.49% |
| Q2 2015 | 2015-06-30 | 1.36 | −0.10 | −7.12% |
| Q1 2015 | 2015-03-31 | 1.43 | −0.10 | −6.62% |
| Q4 2014 | 2014-12-31 | 1.48 | −0.06 | −4.12% |
| Q3 2014 | 2014-09-30 | 1.42 | −0.11 | −7.38% |
| Q2 2014 | 2014-06-30 | 1.47 | −0.07 | −4.85% |
| Q1 2014 | 2014-03-31 | 1.53 | −0.05 | −3.38% |
| Q4 2013 | 2013-12-31 | 1.54 | 0.05 | +3.41% |
| Q3 2013 | 2013-09-30 | 1.53 | 0.05 | +3.30% |
| Q2 2013 | 2013-06-30 | 1.54 | 0.03 | +1.89% |
| Q1 2013 | 2013-03-31 | 1.58 | −0.04 | −2.40% |
| Q4 2012 | 2012-12-31 | 1.49 | −0.19 | −11.21% |
| Q3 2012 | 2012-09-30 | 1.49 | −0.30 | −16.63% |
| Q2 2012 | 2012-06-30 | 1.51 | −0.29 | −16.18% |
| Q1 2012 | 2012-03-31 | 1.62 | −0.13 | −7.37% |
| Q4 2011 | 2011-12-31 | 1.68 | −0.06 | −3.32% |
| Q3 2011 | 2011-09-30 | 1.78 | 0.09 | +5.27% |
| Q2 2011 | 2011-06-30 | 1.81 | 0.11 | +6.71% |
| Q1 2011 | 2011-03-31 | 1.75 | −0.15 | −8.14% |
| Q4 2010 | 2010-12-31 | 1.74 | −0.18 | −9.29% |
| Q3 2010 | 2010-09-30 | 1.69 | 1.36 | +409.28% |
| Q2 2010 | 2010-06-30 | 1.69 | 1.42 | +513.43% |
| Q1 2010 | 2010-03-31 | 1.90 | — | — |
| Q4 2009 | 2009-12-31 | 1.92 | 0.07 | +3.61% |
| Q3 2009 | 2009-09-30 | 0.33 | — | — |
| Q2 2009 | 2009-06-30 | 0.28 | — | — |
| Q4 2008 | 2008-12-31 | 1.85 | — | — |
Jpmorgan Chase & debt-to-equity ratio trends
Over the last five fiscal years, Jpmorgan Chase &'s debt-to-equity ratio increased from 1.20 to 1.41, a change of 0.20. The latest reported quarter, Q2 2026, shows 1.45.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Jpmorgan Chase & source filings ↗Community posts
JPMorgan reportedly ends lending to AI-focused hedge fund
JPMorgan ($JPM) stopped lending to Situational Awareness after heavy losses at the AI-focused hedge fund, Reuters reported, citing the Financial Times. The fund subsequently sold most of its equity portfolio to Citadel, according to the rep ...