JPMorgan ChaseSTU:CMC +1.08%77 Net Margin % is 33.10% as of Mar. 2026, which is 8% above its 10-year median of 30.61. GuruFocus rates STU:CMC with a GF Score™ of 77/100 and a GF Value™ of €244.85 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,527 Banks companies, JPMorgan Chase ranks better than 66.21% on this metric.
Net margin is calculated as Net Income divided by its Revenue. JPMorgan Chase's Net Income for the
three
months ended in Mar. 2026 was €14,267 Mil. JPMorgan Chase's Revenue for the
three
months ended in Mar. 2026 was €43,106 Mil. Therefore, JPMorgan Chase's net margin for the quarter that ended in Mar. 2026 was 33.10%.
The historical rank and industry rank for JPMorgan Chase's Net Margin % or its related term are showing as below:
STU:CMC'
s Net Margin % Range Over the Past 10 Years
Min: 24.27 Med: 30.61 Max: 39.72
Current: 31.51
STU:CMC's Net Margin % is ranked better than 66.21% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs STU:CMC: 31.51
JPMorgan Chase (STU:CMC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
JPMorgan Chase Net Margin % Related Terms
JPMorgan Chase Net Margin % Historical Data
* Premium members only.
The historical data trend for JPMorgan Chase's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Diversified subindustry, JPMorgan Chase's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
JPMorgan Chase Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, JPMorgan Chase's Net Margin % distribution charts can be found below:
* The bar in red indicates where JPMorgan Chase's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
JPMorgan Chase (STU:CMC) has a Net Margin % of 33.10% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on JPMorgan Chase and its competitors. This is near median its historical median of 30.61. Over the past decade, JPMorgan Chase's Net Margin % has ranged from 24.27 to 39.72. According to the industry distribution chart, JPMorgan Chase ranks #516 out of 1527 companies in the Banks industry, placing it in the top 33.8%.
Is JPMorgan Chase's Net Margin % too high?
JPMorgan Chase's current Net Margin % of 33.10% is near median its 10-year median of 30.61. Over the past 10 years, this metric has ranged from a low of 24.27 to a high of 39.72. The Banks industry median Net Margin % is 26.95. JPMorgan Chase's value of 33.10% is 22.8% above this industry median. Based on the distribution chart, JPMorgan Chase ranks #516 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, JPMorgan Chase has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Chase's Net Margin % compare to BAC and WFC?
According to the Banks industry distribution chart, JPMorgan Chase ranks #516 out of 1527 companies for Net Margin %. This puts JPMorgan Chase in the upper half of its industry. The industry median Net Margin % is 26.95. JPMorgan Chase's value of 33.10% is 22.8% above this benchmark. Historically, JPMorgan Chase's own Net Margin % has ranged from 24.27 to 39.72 over the past decade. While the company's 10-year median is 30.61 vs. the industry median of 26.95, JPMorgan Chase has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JPMorgan Chase's current Net Margin % of 33.10% is 22.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on JPMorgan Chase and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Chase's current Net Margin % is 33.10%, which is near median its own 10-year median of 30.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Chase stock overvalued right now?
Based on GuruFocus' analysis, JPMorgan Chase (STU:CMC) is currently considered Modestly Overvalued. The stock's GF Value™ is €244.85, compared to a current price of €294.10 — trading 20.1% above its estimated fair value. The current Net Margin % is 33.10%, which is near median its 10-year median of 30.61 and 22.8% above the Banks industry median of 26.95. JPMorgan Chase's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For JPMorgan Chase (STU:CMC), the current Net Margin % is 33.10% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is JPMorgan Chase (STU:CMC) Overvalued in 2026?
Based on GuruFocus' analysis, JPMorgan Chase stock appears to be overvalued.
The current stock price of €294.10 is trading 20.1% above its estimated GF Value™ of €244.85.
GuruFocus considers JPMorgan Chase to be Modestly Overvalued.
Key valuation signals for STU:CMC:
Net Margin %: 33.10% (near median its 10-year median of 30.61)
GF Value™: €244.85 vs. price of €294.10 (20.1% above fair value)
Industry Position: 22.8% above the Banks median (#516 of 1527)
No single metric tells the full story. See the STU:CMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JPMorgan is a leading global financial services firm with operations in 66 countries and over 318,000 employees as of year-end 2025. Under the JPMorgan brands, the bank holding company boasts a $4.9 trillion balance sheet and $2.68 trillion in deposits, as of March 2026. The firm generates its revenue across three core operating segments: consumer and community banking, the commercial and investment bank, and asset and wealth management. It maintains the top global ranking in investment banking fees with an 8.4% market share, serves millions of consumers through its network of over 5,000 US branches, and manages over $7.1 trillion in client assets within its wealth and asset management franchise.
77GF Score
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