The purpose of this study is to examine how the (Cobit5) framework for Information Technology Governance affects financial performance. 16 Jordanian commercial and Islamic banks made up the study’s sample, and they were all included. To accomplish its goal, the current study used a descriptive-analytical methodology. A total of 160 questionnaires were issued in order to assess the effect of information technology governance using the (Cobit5) framework. Financial ratios that were taken from the financial reports of the Jordanian commercial and Islamic banks and then modified to match the independent variables were also used to measure financial performance. The study discovered a statistically significant relationship between Information Technology Governance and financial performance in Jordanian commercial and Islamic banks utilizing the (Cobit5) framework. The study also discovered that the acquisition and implementation processes had no statistically significant impact on the financial performance of Jordan’s conventional and Islamic banks. Based on these findings, the study recommended the need to increase focus on acquisition and implementation by identifying information technology requirements and ensuring their implementation, including maintenance and changes in existing systems, to ensure the continuous life cycle of information technology systems.