JPMorgan Chase (CHIX:CMCD) Selling, General, & Admin. Expense: €53,214 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:CMCD JPMorgan Chase & Co CHIX:CMCD
78 GF Score
Price €261.00
GF Value €218.89
! 9 Warning Signs
View Full Analysis

What is JPMorgan Chase Selling, General, & Admin. Expense?

JPMorgan Chase CHIX:CMCD 78 Selling, General, & Admin. Expense is €53,214 Mil as of Mar. 2026. GuruFocus rates CHIX:CMCD with a GF Score™ of 78/100 and a GF Value™ of €218.89. The stock has 9 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. JPMorgan Chase's selling, general, & admin. expense for the three months ended in Mar. 2026 was €14,943 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €53,214 Mil.


JPMorgan Chase  (CHIX:CMCd) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


JPMorgan Chase Selling, General, & Admin. Expense Related Terms


JPMorgan Chase Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for JPMorgan Chase's Selling, General, & Admin. Expense 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.

JPMorgan Chase Selling, General, & Admin. Expense Chart

JPMorgan Chase Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,818.66 42,996.37 46,818.35 53,796.11 51,255.37

JPMorgan Chase Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14,551.18 12,995.46 12,819.19 12,456.44 14,942.88

CHIX:CMCD vs BAC, WFC, C: Selling, General, & Admin. Expense Comparison

For the Banks - Diversified subindustry, JPMorgan Chase's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, JPMorgan Chase's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where JPMorgan Chase's Selling, General, & Admin. Expense falls into.


CHIX:CMCD
78GF Score
JPMorgan Chase & Co CHIX:CMCD
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JPMorgan Chase Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €53,214 Mil.

* 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.

What does a Selling, General, & Admin. Expense of €53,214 Mil mean?
JPMorgan Chase (CHIX:CMCD) has a Selling, General, & Admin. Expense of €53,214 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on JPMorgan Chase and its competitors.
Is JPMorgan Chase's Selling, General, & Admin. Expense too high?
JPMorgan Chase's current Selling, General, & Admin. Expense is €53,214 Mil. Overall, JPMorgan Chase has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Chase's Selling, General, & Admin. Expense compare to BAC and WFC?
JPMorgan Chase's Selling, General, & Admin. Expense of €53,214 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Banks company?
A good Selling, General, & Admin. Expense depends on the Banks industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on JPMorgan Chase and its competitors. JPMorgan Chase's current Selling, General, & Admin. Expense is €53,214 Mil. 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?
JPMorgan Chase (CHIX:CMCD) has a current Selling, General, & Admin. Expense of €53,214 Mil. The stock's GF Value™ is €218.89, compared to a current price of €261.00 — trading 19.2% above its estimated fair value. The current Selling, General, & Admin. Expense is €53,214 Mil. JPMorgan Chase's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For JPMorgan Chase (CHIX:CMCD), the current Selling, General, & Admin. Expense is €53,214 Mil 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 (CHIX:CMCD) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan Chase stock appears to be overvalued. The current stock price of €261.00 is trading 19.2% above its estimated GF Value™ of €218.89.

Key valuation signals for CHIX:CMCD:

  • Selling, General, & Admin. Expense: €53,214 Mil
  • GF Value™: €218.89 vs. price of €261.00 (19.2% above fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the CHIX:CMCD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JPMorgan Chase Business Description

Address 270 Park Avenue, New York, NY, USA, 10017
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.
78GF Score

Get the complete analysis for CHIX:CMCD

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€261.00
Price
€218.89
GF Value