JPMorgan Chase & Co (JPM) — Tangible Net Worth Ratio
JPMorgan Chase & Co (JPM) has a Tangible Net Worth Ratio of 96.8% as of December 2025. This metric is calculated by deducting intangible assets ($11.73 Billion) from net assets ($362.44 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is JPMorgan Chase & Co's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
JPMorgan Chase & Co Tangible Net Worth Ratio (1989–2025)
This chart shows how JPMorgan Chase & Co's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 96.8%, reflecting net assets of $362.44 Billion with intangible assets of $11.73 Billion USD. See how many days can JPMorgan Chase & Co fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for JPMorgan Chase & Co (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for JPMorgan Chase & Co from 1989 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see JPM market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.8% | $362.44 Billion | $11.73 Billion | $4.42 Trillion | ▲ +0.2 pp |
| 2024 | 96.5% | $344.76 Billion | $11.99 Billion | $4.00 Trillion | ▲ +0.1 pp |
| 2023 | 96.4% | $327.88 Billion | $11.75 Billion | $3.88 Trillion | ▼ -0.4 pp |
| 2022 | 96.9% | $292.33 Billion | $9.20 Billion | $3.67 Trillion | ▼ -1.0 pp |
| 2021 | 97.8% | $294.13 Billion | $6.38 Billion | $3.74 Trillion | ▼ -0.7 pp |
| 2020 | 98.5% | $279.35 Billion | $4.18 Billion | $3.38 Trillion | ▲ +0.6 pp |
| 2019 | 97.9% | $261.33 Billion | $5.52 Billion | $2.69 Trillion | ▲ +0.6 pp |
| 2018 | 97.3% | $256.51 Billion | $6.88 Billion | $2.62 Trillion | ▲ +0.0 pp |
| 2017 | 97.3% | $255.69 Billion | $6.88 Billion | $2.53 Trillion | ▲ +0.0 pp |
| 2016 | 97.3% | $254.19 Billion | $6.96 Billion | $2.49 Trillion | ▲ +0.3 pp |
| 2015 | 96.9% | $247.57 Billion | $7.62 Billion | $2.35 Trillion | ▲ +0.6 pp |
| 2014 | 96.3% | $231.73 Billion | $8.63 Billion | $2.57 Trillion | ▲ +1.6 pp |
| 2013 | 94.7% | $211.18 Billion | $11.23 Billion | $2.42 Trillion | ▼ -0.5 pp |
| 2012 | 95.2% | $204.07 Billion | $9.85 Billion | $2.36 Trillion | ▲ +0.9 pp |
| 2011 | 94.3% | $183.57 Billion | $10.43 Billion | $2.27 Trillion | ▲ +4.4 pp |
| 2010 | 90.0% | $176.11 Billion | $17.69 Billion | $2.12 Trillion | ▲ +2.1 pp |
| 2009 | 87.8% | $165.37 Billion | $20.15 Billion | $2.03 Trillion | ▼ -3.2 pp |
| 2008 | 91.0% | $166.88 Billion | $14.98 Billion | $2.18 Trillion | ▲ +3.0 pp |
| 2007 | 88.0% | $123.22 Billion | $14.73 Billion | $1.56 Trillion | ▲ +0.9 pp |
| 2006 | 87.2% | $115.79 Billion | $14.85 Billion | $1.35 Trillion | ▲ +0.8 pp |
| 2005 | 86.4% | $107.21 Billion | $14.56 Billion | $1.20 Trillion | ▼ -4.0 pp |
| 2004 | 90.4% | $153.71 Billion | $14.68 Billion | $1.16 Trillion | ▲ +1.5 pp |
| 2003 | 88.9% | $58.45 Billion | $6.48 Billion | $770.91 Billion | ▼ -10.4 pp |
| 2002 | 99.3% | $42.31 Billion | $307.00 Million | $758.80 Billion | ▲ +34.8 pp |
| 2001 | 64.5% | $41.65 Billion | $14.80 Billion | $693.58 Billion | ▲ +8.5 pp |
| 2000 | 56.0% | $46.83 Billion | $20.62 Billion | $715.35 Billion | ▼ -44.0 pp |
| 1999 | 100.0% | $24.17 Billion | $0.00 | $406.11 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $24.39 Billion | $0.00 | $365.88 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $22.29 Billion | $0.00 | $365.52 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $21.54 Billion | $0.00 | $336.10 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $11.91 Billion | $0.00 | $182.93 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $10.71 Billion | $0.00 | $171.42 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $11.16 Billion | $0.00 | $149.89 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | $9.85 Billion | $0.00 | $139.66 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | $7.28 Billion | $0.00 | $138.93 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | $3.91 Billion | $0.00 | $73.02 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | $3.71 Billion | $0.00 | $71.51 Billion | — |