| Earnings per Share |
Earnings per share Refer to Note 23 of JPMorganChase’s 2024 Form 10-K for a discussion of the computation of basic and diluted earnings per share (“EPS”). The following table presents the calculation of basic and diluted EPS for the three and six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | (in millions, except per share amounts) | Three months ended June 30, | | Six months ended June 30, | | 2025 | 2024 | | 2025 | 2024 | Basic earnings per share | | | | | | | Net income | $ | 14,987 | | $ | 18,149 | | | $ | 29,630 | | $ | 31,568 | | Less: Preferred stock dividends | 282 | | 317 | | | 537 | | 714 | | Net income applicable to common equity | 14,705 | | 17,832 | | | 29,093 | | 30,854 | | Less: Dividends and undistributed earnings allocated to participating securities | 75 | | 114 | | | 145 | | 193 | | Net income applicable to common stockholders | $ | 14,630 | | $ | 17,718 | | | $ | 28,948 | | $ | 30,661 | | | | | | | | Total weighted-average basic shares outstanding | 2,788.7 | | 2,889.8 | | | 2,804.0 | | 2,899.1 | | Net income per share | $ | 5.25 | | $ | 6.13 | | | $ | 10.32 | | $ | 10.58 | | | | | | | | Diluted earnings per share | | | | | | Net income applicable to common stockholders | $ | 14,630 | | $ | 17,718 | | | $ | 28,948 | | $ | 30,661 | | Total weighted-average basic shares outstanding | 2,788.7 | | 2,889.8 | | | 2,804.0 | | 2,899.1 | | | Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs | 5.0 | | 5.1 | | | 4.9 | | 4.8 | | Total weighted-average diluted shares outstanding | 2,793.7 | | 2,894.9 | | | 2,809.0 | | 2,903.9 | | Net income per share | $ | 5.24 | | $ | 6.12 | | | $ | 10.31 | | $ | 10.56 | |
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