Switch to:
JPMorgan Chase & Co  (NYSE:JPM) Tax Expense: \$9,218 Mil (TTM As of Jun. 2017)

JPMorgan Chase & Co's tax expense for the months ended in Jun. 2017 was \$2,720 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2017 was \$9,218 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JPMorgan Chase & Co Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Tax Expense 7,633.00 8,789.00 8,954.00 6,260.00 9,803.00

JPMorgan Chase & Co Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Tax Expense 2,653.00 1,952.00 1,893.00 2,720.00 2,824.00

Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2017 was 2653 (Sep. 2016 ) + 1952 (Dec. 2016 ) + 1893 (Mar. 2017 ) + 2720 (Jun. 2017 ) = \$9,218 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Related Terms

From the Internet

###### Dow Tops 23,000 as UnitedHealth, J&J Earnings Push Healthcare Gains

- theStreet 2017-10-17 11:12:00

###### Stocks Mixed as Dow Nears 23,000 After Morgan Stanley, Goldman Earnings

- theStreet 2017-10-17 09:36:00

###### Stock Market News For Oct 17, 2017

- Zacks 2017-10-17 08:57:00

###### Morgan Stanley earnings beat Street as strong wealth management trumps weak trading; shares rise

- cnbc 2017-10-17 08:42:40

###### Goldman Sachs Posts Worst-In-Class Trading Performance, Again

- theStreet 2017-10-17 07:58:00

###### Citigroup Eyes Credit Quality Issues

- Seekingalpha 2017-10-17 07:54:10

- Seekingalpha 2017-10-17 07:52:14

###### Stock Futures Mixed With Flood of Earnings From Morgan Stanley, Goldman Sachs

- theStreet 2017-10-17 07:50:00

###### Comerica's (CMA) Q3 Earnings and Revenues Beat Estimates

- Zacks 2017-10-17 07:49:00

###### Morgan Stanley (MS) Tops Q3 Earnings, Wealth Management Aids

- Zacks 2017-10-17 07:39:00

###### 30 years later, Wall Street still dangles over 'Black Monday' abyss

- theStreet 2017-10-17 07:30:00

###### Morgan Stanley's wealth unit cushions blow from bond-trading's slide

- theStreet 2017-10-17 07:23:00

###### Citigroup Slow Steady Still Win Race

- Seekingalpha 2017-10-17 07:15:47

- theStreet 2017-10-16 19:18:00

###### With market fully valued, this earnings season is crucial: Strategist

- cnbc 2017-10-16 17:33:36

###### Activist Fund Wants Credit Suisse Broken Into Three Parts

- theStreet 2017-10-16 17:24:00

###### Goldman Sachs vs. Morgan Stanley: Which Earnings Report Will Be Best?

- Zacks 2017-10-16 17:11:00

###### Jamie Dimon is betting big on the technology behind 'fraud' bitcoin

- cnbc 2017-10-16 16:29:53

###### #Bitcoin: Jamie Dimon Breaks Vow of Silence

- Barron's 2017-10-16 15:28:11

###### Schv Value Still Makes Sense

- Seekingalpha 2017-10-16 15:09:53

###### Dividend Growth Portfolio Update

- Seekingalpha 2017-10-16 12:17:59

###### Bitcoin: Jamie Dimon Breaks Vow of Silence

- Barron's 2017-10-16 11:01:00

###### These stocks have popped more than 75% since Trump was elected

- MarketWatch 2017-10-16 10:58:00

###### Big banks shine in a pricey market

- Barron's 2017-10-16 10:53:49

###### Credit card data shows delinquencies rose in September

- cnbc 2017-10-16 10:45:46

###### Apple's stock accounts for over half of the Dow's gain

- MarketWatch 2017-10-16 10:36:00

###### Citigroup Stock Could Tumble Another 11%, Analyst Says

- theStreet 2017-10-16 10:12:00

###### Here's Why PayPal Is Now Worth More Than American Express

- theStreet 2017-10-16 10:07:00

###### Stock market sets a round of fresh records as investors focus on earnings

- MarketWatch 2017-10-16 09:41:00

###### CSX and CP Q3 Earnings: Here are the Key Predictions

- Zacks 2017-10-16 09:37:00

###### Jpmorgan Shows Gold Standard Banking

- Seekingalpha 2017-10-16 07:17:09

###### Banks May Lead Markets Higher; Reseach Upgrades -- Jim Cramer's Top Thoughts

- theStreet 2017-10-16 01:00:00

###### Shorter in 2 Banks; Volatility Near Rock-Bottom: Doug Kass' Views

- theStreet 2017-10-16 01:00:00

###### American Bulls Clash With Europe’s Bears at World Finance Summit

- Bloomberg 2017-10-16 00:00:07

###### Jpmorgan Chase Closing 100 Mark

- Seekingalpha 2017-10-15 21:45:06

###### Goldman Sachs and JPMorgan Say They’re Assuming a ‘Hard Brexit’

- Bloomberg 2017-10-15 19:04:16

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)