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JPMorgan Chase & Co. (JPM) Q1 FY2026 Financial Statements: Revenue $49.84B, Net income $16.49B

CIK 0000019617 · NYSE · Period: Q1 FY2026 (ended 2026-03-31, 10-Q accession 0001628280-26-029344) · Annual report: FY2025 10-K (filed 2026-02-13, accession 0001628280-26-008131)

More for JPMorgan Chase: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026Q1 FY2026

Archived record for Q1 FY2026. The current period is Q2 FY2026.

Published

JPMorgan Chase & Co. reported $49.84 billion of total net revenue for Q1 FY2026, the quarter ended March 31, 2026, up 10.0% from a year earlier, and net income of $16.49 billion, up 12.6%, or $5.94 per diluted share, up 17.2%. Growth was led by the Commercial & Investment Bank on stronger markets revenue and investment banking fees, and by lower credit costs, with the provision for credit losses at $2.51 billion, down 24.1%. Net charge-offs held about flat, and the lower provision came from a much smaller addition to the allowance for credit losses than a year earlier rather than from a reserve release: JPMorgan Chase was still a net reserve builder in the quarter, with a wholesale build outweighing a consumer release on improving home prices. Noninterest expense grew faster than revenue on technology, marketing and compensation spending. Net interest income, about half the top line, was $25.37 billion, up 9.0%, and the standardized CET1 capital ratio was 14.3%, down 1.1 points.

MetricAmountvs. year ago
Revenue$49,836,000,000up 10.0%
Net income$16,494,000,000up 12.6%
Diluted EPS$5.94up 17.2%
Net interest income$25,366,000,000up 9.0%
Provision for credit losses$2,507,000,000down 24.1%
CET1 capital ratio14.3%down 1.1 points

About this file

TickerJPM
CIK0000019617
CompanyJPMorgan Chase & Co.
Business typebank
Schema templatebank / diversified financial holding company
Schema rationaleJPMorgan Chase is a bank holding company, so the statements have no revenue/cost-of-goods/capital-expenditure structure to report. The figures below follow the bank template the filings themselves use: net interest income and noninterest revenue on the revenue side, provision for credit losses, noninterest expense, net income and earnings per share; loans, deposits, total assets and stockholders' equity on the balance sheet; and the capital, book-value and return measures (CET1, book value and tangible book value per share, ROE and ROTCE) that the Firm presents in its own financial highlights. Segment results are carried on the managed (fully taxable-equivalent) basis in which the filings present them, together with the reconciling items back to reported U.S. GAAP totals.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions)
Units handling noteEvery dollar figure in this file has been converted from the filings' millions presentation to actual dollars. Share counts that the filings present in millions (weighted-average shares, common shares at period-end) have likewise been converted to actual share counts. Share counts the balance sheet states in whole shares - shares issued, treasury shares and preferred shares issued - are carried through unchanged. Per-share amounts and ratios are left exactly as the filings state them.

JPM annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession0001628280-26-0081310001628280-26-0081310001628280-26-008131
Source statementFY2025 Form 10-K, consolidated financial statements and three-year summary of consolidated financial highlightsFY2025 Form 10-K, consolidated financial statements and three-year summary of consolidated financial highlightsFY2025 Form 10-K, consolidated financial statements and three-year summary of consolidated financial highlights
Income statement
Investment banking fees9,615,000,0008,910,000,0006,519,000,000
Principal transactions27,212,000,00024,787,000,00024,460,000,000
Lending and deposit related fees9,093,000,0007,606,000,0007,413,000,000
Asset management fees20,327,000,00017,801,000,00015,220,000,000
Commissions and other fees8,539,000,0007,530,000,0006,836,000,000
Investment securities gains losses-57,000,000-1,021,000,000-3,180,000,000
Mortgage fees and related income1,381,000,0001,401,000,0001,176,000,000
Card income4,720,000,0005,497,000,0004,784,000,000
Other income6,174,000,00012,462,000,0005,609,000,000
Noninterest revenue87,004,000,00084,973,000,00068,837,000,000
Interest income193,341,000,000193,933,000,000170,588,000,000
Interest expense97,898,000,000101,350,000,00081,321,000,000
Net interest income95,443,000,00092,583,000,00089,267,000,000
Total net revenue182,447,000,000177,556,000,000158,104,000,000
Provision for credit losses14,212,000,00010,678,000,0009,320,000,000
Compensation expense54,487,000,00051,357,000,00046,465,000,000
Occupancy expense5,461,000,0005,026,000,0004,590,000,000
Technology communications and equipment expense11,029,000,0009,831,000,0009,246,000,000
Professional and outside services12,356,000,00011,057,000,00010,235,000,000
Marketing5,531,000,0004,974,000,0004,591,000,000
Other expense6,776,000,0009,552,000,00012,045,000,000
Total noninterest expense95,640,000,00091,797,000,00087,172,000,000
Pre provision profit86,807,000,00085,759,000,00070,932,000,000
Income before income tax expense72,595,000,00075,081,000,00061,612,000,000
Income tax expense15,547,000,00016,610,000,00012,060,000,000
Net income57,048,000,00058,471,000,00049,552,000,000
Net income applicable to common stockholders55,681,000,00056,868,000,00047,760,000,000
Total net revenue managed basis185,581,000,000180,593,000,000162,366,000,000
Earnings per share basic20.0519.7916.25
Earnings per share diluted20.0219.7516.23
Weighted average basic shares2,776,500,0002,873,900,0002,938,600,000
Weighted average diluted shares2,781,500,0002,879,000,0002,943,100,000
Balance sheet
Cash and due from banks21,742,000,00023,372,000,000
Deposits with banks321,596,000,000445,945,000,000
Federal funds sold and securities purchased under resale agreements336,426,000,000295,001,000,000
Securities borrowed286,191,000,000219,546,000,000
Trading assets802,873,000,000637,784,000,000540,607,000,000
Available for sale securities507,198,000,000406,852,000,000
Held to maturity securities270,134,000,000274,468,000,000
Investment securities net of allowance777,332,000,000681,320,000,000571,552,000,000
Loans1,493,429,000,0001,347,988,000,0001,323,706,000,000
Allowance for loan losses-25,765,000,000-24,345,000,000
Loans net of allowance1,467,664,000,0001,323,643,000,000
Accrued interest and accounts receivable111,599,000,000101,223,000,000
Premises and equipment36,244,000,00032,223,000,000
Goodwill msrs and other intangible assets64,458,000,00064,560,000,000
Other assets198,775,000,000178,197,000,000
Total assets4,424,900,000,0004,002,814,000,0003,875,393,000,000
Deposits2,559,320,000,0002,406,032,000,0002,400,688,000,000
Federal funds purchased and securities loaned or sold under repurchase agreements442,396,000,000296,835,000,000
Short term borrowings64,776,000,00052,893,000,000
Trading liabilities216,019,000,000192,883,000,000
Accounts payable and other liabilities316,794,000,000280,672,000,000
Beneficial interests issued by consolidated vies27,951,000,00027,323,000,000
Long term debt435,206,000,000401,418,000,000391,825,000,000
Total liabilities4,062,462,000,0003,658,056,000,000
Preferred stock20,045,000,00020,050,000,00027,404,000,000
Common stock4,105,000,0004,105,000,0004,105,000,000
Additional paid in capital91,114,000,00090,911,000,00090,128,000,000
Retained earnings416,055,000,000376,166,000,000332,901,000,000
Accumulated other comprehensive income loss-4,290,000,000-12,456,000,000-10,443,000,000
Treasury stock at cost-164,591,000,000-134,018,000,000-116,217,000,000
Total stockholders equity362,438,000,000344,758,000,000327,878,000,000
Common stockholders equity342,393,000,000324,708,000,000300,474,000,000
Common shares issued4,104,933,8954,104,933,895
Treasury shares at cost1,408,661,3191,307,313,494
Preferred shares issued2,005,3752,005,375
Common shares outstanding period end2,696,200,0002,797,600,0002,876,600,000
Cash flow
Net income57,048,000,00058,471,000,00049,552,000,000
Provision for credit losses14,212,000,00010,678,000,0009,320,000,000
Depreciation and amortization8,821,000,0007,938,000,0007,512,000,000
Deferred tax benefit expense5,611,000,0002,004,000,000-4,534,000,000
Other operating adjustments line1,309,000,0001,985,000,0004,301,000,000
Originations and purchases of loans held for sale-260,772,000,000-212,238,000,000-115,245,000,000
Proceeds from sales securitizations and paydowns of loans held for sale235,232,000,000205,303,000,000116,430,000,000
Net change in trading assets-156,461,000,000-95,729,000,000-74,091,000,000
Net change in securities borrowed-66,648,000,000-18,762,000,000-14,902,000,000
Net change in accrued interest and accounts receivable-11,514,000,0005,735,000,00019,928,000,000
Net change in other assets-12,582,000,000-7,650,000,00032,970,000,000
Net change in trading liabilities23,134,000,0002,276,000,0005,315,000,000
Net change in accounts payable and other liabilities5,270,000,000-90,000,000-25,388,000,000
Other operating adjustments9,558,000,0006,160,000,0004,581,000,000
Net cash provided by used in operating activities-147,782,000,000-42,012,000,00012,974,000,000
Net change in federal funds sold and resale agreements-41,264,000,000-18,706,000,00039,740,000,000
Held to maturity proceeds from paydowns and maturities54,791,000,00099,363,000,00053,056,000,000
Held to maturity purchases-5,432,000,000-4,709,000,000-4,141,000,000
Available for sale proceeds from paydowns and maturities37,414,000,00038,499,000,00053,744,000,000
Available for sale proceeds from sales141,295,000,000104,625,000,000108,434,000,000
Available for sale purchases-308,772,000,000-352,712,000,000-115,499,000,000
Proceeds from sales and securitizations of loans held for investment57,565,000,00057,921,000,00047,312,000,000
Other changes in loans net-188,497,000,000-83,176,000,000-88,343,000,000
All other investing activities net-12,665,000,000-2,146,000,000-16,740,000,000
Net cash provided by used in investing activities-265,565,000,000-163,403,000,00067,643,000,000
Net change in deposits153,168,000,0003,299,000,000-32,196,000,000
Net change in federal funds purchased and repurchase agreements145,535,000,00080,288,000,00013,801,000,000
Net change in short term borrowings9,422,000,0007,439,000,000-1,934,000,000
Net change in beneficial interests issued by consolidated vies-622,000,0001,543,000,0009,029,000,000
Proceeds from long term borrowings120,761,000,000109,915,000,00075,417,000,000
Payments of long term borrowings-108,100,000,000-96,605,000,000-64,880,000,000
Proceeds from issuance of preferred stock3,000,000,0002,500,000,000
Redemption of preferred stock-3,000,000,000-9,850,000,000
Treasury stock repurchased-31,591,000,000-18,830,000,000-9,824,000,000
Dividends paid-16,625,000,000-14,783,000,000-13,463,000,000
All other financing activities net-2,415,000,000-1,469,000,000-1,521,000,000
Net cash provided by used in financing activities269,533,000,00063,447,000,000-25,571,000,000
Effect of exchange rate changes on cash17,835,000,000-12,866,000,0001,871,000,000
Net increase decrease in cash and deposits with banks-125,979,000,000-154,834,000,00056,917,000,000
Cash and deposits with banks beginning of period469,317,000,000624,151,000,000567,234,000,000
Cash and deposits with banks end of period343,338,000,000469,317,000,000624,151,000,000
Cash interest paid96,436,000,00099,642,000,00077,114,000,000
Cash income taxes paid net5,309,000,00011,715,000,0009,908,000,000
Estimated bargain purchase gain first republic-103,000,000-2,775,000,000
Initial gain on visa share exchange-7,990,000,000
Net cash used in first republic acquisition-2,362,000,000-9,920,000,000
Bank metrics
Common equity tier 1 capital288,469,000,000275,513,000,000
Allowance for credit losses31,230,000,00026,866,000,00024,765,000,000
Nonperforming assets10,359,000,0009,300,000,0007,597,000,000
Net charge offs9,849,000,0008,638,000,0006,209,000,000
Book value per share126.99116.07104.45
Tangible book value per share107.5697.386.08
Cash dividends declared per share5.84.84.1
Return on common equity %17%18%17%
Return on tangible common equity %20%22%21%
Return on assets %1.29%1.43%1.3%
Overhead ratio %52%52%55%
Loans to deposits ratio %58%56%55%
Liquidity coverage ratio avg %111%113%113%
Cet1 capital ratio standardized %14.6%15.7%15.0%
Tier 1 capital ratio standardized %15.5%16.8%16.6%
Total capital ratio standardized %17.4%18.5%18.5%
Tier 1 leverage ratio %6.9%7.2%7.2%
Supplementary leverage ratio %5.8%6.1%6.1%
Allowance for loan losses to total retained loans %1.83%1.87%1.75%
Net charge off rate %0.74%0.68%0.52%
Employees318,512317,233309,926
Cet1 capital ratio advanced %14.1%
Segments managed basis
Consumer and community banking
Noninterest revenue17,795,000,00016,649,000,00015,118,000,000
Net interest income58,234,000,00054,858,000,00055,030,000,000
Total net revenue76,029,000,00071,507,000,00070,148,000,000
Provision for credit losses11,493,000,0009,974,000,0006,899,000,000
Total noninterest expense40,267,000,00038,036,000,00034,819,000,000
Net income18,245,000,00017,603,000,00021,232,000,000
Average equity56,000,000,00054,500,000,00054,349,000,000
Total assets664,669,000,000650,268,000,000642,951,000,000
Return on equity %32%32%38%
Commercial and investment bank
Noninterest revenue53,766,000,00048,253,000,00043,809,000,000
Net interest income24,688,000,00021,861,000,00020,544,000,000
Total net revenue78,454,000,00070,114,000,00064,353,000,000
Provision for credit losses2,615,000,000762,000,0002,091,000,000
Total noninterest expense38,216,000,00035,353,000,00033,972,000,000
Net income27,761,000,00024,846,000,00020,272,000,000
Average equity149,500,000,000132,000,000,000137,507,000,000
Total assets2,142,534,000,0001,773,194,000,0001,638,493,000,000
Return on equity %18%18%14%
Asset and wealth management
Noninterest revenue17,241,000,00015,023,000,00013,560,000,000
Net interest income6,832,000,0006,555,000,0006,267,000,000
Total net revenue24,073,000,00021,578,000,00019,827,000,000
Provision for credit losses97,000,000-68,000,000159,000,000
Total noninterest expense15,332,000,00014,414,000,00012,780,000,000
Net income6,522,000,0005,421,000,0005,227,000,000
Average equity16,000,000,00015,500,000,00016,671,000,000
Total assets288,065,000,000255,385,000,000245,512,000,000
Return on equity %40%34%31%
Corporate
Noninterest revenue911,000,0007,608,000,000132,000,000
Net interest income6,114,000,0009,786,000,0007,906,000,000
Total net revenue7,025,000,00017,394,000,0008,038,000,000
Provision for credit losses7,000,00010,000,000171,000,000
Total noninterest expense1,825,000,0003,994,000,0005,601,000,000
Net income4,520,000,00010,601,000,0002,821,000,000
Average equity111,254,000,000110,370,000,00073,529,000,000
Total assets1,329,632,000,0001,323,967,000,0001,348,437,000,000
Reconciling items to reported basis
Noninterest revenue-2,709,000,000-2,560,000,000-3,782,000,000
Net interest income-425,000,000-477,000,000-480,000,000
Total net revenue-3,134,000,000-3,037,000,000-4,262,000,000
Balance sheet noteThe FY2025 10-K balance sheet presents only December 31, 2025 and December 31, 2024. The December 31, 2023 figures shown here are the selected balance sheet items that the 10-K's three-year summary of consolidated financial highlights presents for that date, plus the December 31, 2023 equity components carried on the consolidated statements of changes in stockholders' equity. A full 2023 balance sheet is not on the face of this filing.

JPM quarterly income statement, balance sheet and cash flow

2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Fiscal period2026 Q22026 Q12025 Q42025 Q32025 Q22025 Q1
Period start2026-04-012026-01-012025-10-012025-07-012025-04-012025-01-01
Period end2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Period typethree monthsthree monthsthree monthsthree monthsthree monthsthree months
Source accession0001628280-26-0480780001628280-26-0293440001628280-26-0293440001628280-26-0293440001628280-26-0293440001628280-26-029344
Source statementSecond-quarter 2026 earnings press release and earnings release financial supplement (Exhibits 99.1 and 99.2 to the Form 8-K filed 2026-07-14)Form 10-Q for the quarter ended March 31, 2026, consolidated financial statements and consolidated financial highlightsForm 10-Q for the quarter ended March 31, 2026, consolidated financial highlights (five-quarter trend)Form 10-Q for the quarter ended March 31, 2026, consolidated financial highlights (five-quarter trend)Form 10-Q for the quarter ended March 31, 2026, consolidated financial highlights (five-quarter trend)Form 10-Q for the quarter ended March 31, 2026, prior-year comparative columns of the consolidated statements of income and cash flows and the consolidated financial highlights
Source basisPress-release figures. The Form 10-Q for the quarter ended June 30, 2026 had not been filed as of the date these figures were compiled, so these amounts are unaudited earnings-release figures rather than 10-Q figures. Certain capital measures are labelled 'estimated' in the release.
Income statement
Investment banking fees3,208,000,0002,858,000,0002,178,000,000
Principal transactions9,007,000,0007,987,000,0007,614,000,000
Lending and deposit related fees2,511,000,0002,394,000,0002,132,000,000
Asset management fees5,658,000,0005,515,000,0004,700,000,000
Commissions and other fees2,614,000,0002,482,000,0002,033,000,000
Investment securities gains losses-395,000,00064,000,000-37,000,000
Mortgage fees and related income336,000,000309,000,000278,000,000
Card income1,348,000,0001,190,000,0001,216,000,000
Other income7,549,000,0001,671,000,0001,923,000,000
Noninterest revenue31,836,000,00024,470,000,00020,803,000,00022,461,000,00021,703,000,00022,037,000,000
Interest income50,624,000,00049,191,000,00046,853,000,000
Interest expense25,113,000,00023,825,000,00023,580,000,000
Net interest income25,511,000,00025,366,000,00024,995,000,00023,966,000,00023,209,000,00023,273,000,000
Total net revenue57,347,000,00049,836,000,00045,798,000,00046,427,000,00044,912,000,00045,310,000,000
Provision for credit losses2,515,000,0002,507,000,0004,655,000,0003,403,000,0002,849,000,0003,305,000,000
Compensation expense15,159,000,00015,339,000,00014,093,000,000
Occupancy expense1,482,000,0001,447,000,0001,302,000,000
Technology communications and equipment expense3,107,000,0003,021,000,0002,578,000,000
Professional and outside services3,855,000,0003,483,000,0002,839,000,000
Marketing1,670,000,0001,604,000,0001,304,000,000
Other expense2,043,000,0001,956,000,0001,481,000,000
Total noninterest expense27,316,000,00026,850,000,00023,983,000,00024,281,000,00023,779,000,00023,597,000,000
Pre provision profit30,031,000,00022,986,000,00021,815,000,00022,146,000,00021,133,000,00021,713,000,000
Income before income tax expense27,516,000,00020,479,000,00017,160,000,00018,743,000,00018,284,000,00018,408,000,000
Income tax expense6,361,000,0003,985,000,0004,135,000,0004,350,000,0003,297,000,0003,765,000,000
Net income21,155,000,00016,494,000,00013,025,000,00014,393,000,00014,987,000,00014,643,000,000
Total net revenue managed basis58,022,000,00050,536,000,00046,014,000,000
Earnings per share basic7.715.954.645.085.255.08
Earnings per share diluted7.75.944.635.075.245.07
Weighted average basic shares2,689,900,0002,716,200,0002,735,300,0002,762,400,0002,788,700,0002,819,400,000
Weighted average diluted shares2,694,200,0002,720,200,0002,740,500,0002,767,600,0002,793,700,0002,824,300,000
Effective income tax rate %23.1%
Net income applicable to common stockholders20,752,000,00016,148,000,00012,691,000,00014,043,000,00014,630,000,00014,317,000,000
Balance sheet selected
Total assets5,015,069,000,0004,424,900,000,0004,560,205,000,0004,552,482,000,0004,357,856,000,000
Loans consumer excluding credit card391,743,000,000
Loans credit card249,876,000,000
Loans wholesale900,843,000,000
Loans1,542,462,000,0001,493,429,000,0001,435,246,000,0001,411,992,000,0001,355,695,000,000
Deposits US offices noninterest bearing625,874,000,000
Deposits US offices interest bearing1,500,791,000,000
Deposits non US offices noninterest bearing42,044,000,000
Deposits non US offices interest bearing544,991,000,000
Deposits2,713,700,000,0002,559,320,000,0002,548,476,000,0002,562,380,000,0002,495,877,000,000
Long term debt460,523,000,000435,206,000,000427,203,000,000419,802,000,000407,224,000,000
Common stockholders equity353,558,000,000342,393,000,000340,167,000,000336,879,000,000331,375,000,000
Total stockholders equity374,598,000,000362,438,000,000360,212,000,000356,924,000,000351,420,000,000
Common shares outstanding period end2,658,200,0002,696,200,0002,722,200,0002,749,700,0002,779,100,000
Trading assets802,873,000,000952,777,000,000889,856,000,000875,203,000,000
Investment securities net of allowance777,332,000,000783,945,000,000745,939,000,000664,447,000,000
Bank metrics
Book value per share133.01128.38126.99124.96122.51119.24
Tangible book value per share113.35108.87107.56105.7103.4100.36
Cash dividends declared per share1.51.51.51.51.41.4
Return on common equity %24%19%15%17%18%18%
Return on tangible common equity %29%23%18%20%21%21%
Return on assets %1.7%1.41%1.14%1.26%1.35%1.4%
Overhead ratio %48%54%52%52%53%52%
Loans to deposits ratio %57%56%58%56%55%54%
Cet1 capital ratio standardized %14.1%14.3%14.6%14.8%15.1%15.4%
Tier 1 capital ratio standardized %15.1%15.2%15.5%15.8%16.1%16.5%
Total capital ratio standardized %16.9%17.2%17.4%17.7%17.8%18.2%
Tier 1 leverage ratio %6.6%6.6%6.9%6.9%6.9%7.2%
Supplementary leverage ratio %5.5%5.6%5.8%5.8%5.9%6.0%
Employees320,560320,079318,512318,153317,160318,477
Common equity tier 1 capital302,620,000,000288,469,000,000287,297,000,000283,854,000,000
Risk weighted assets standardized2,141,738,000,0001,981,692,000,0001,935,868,000,0001,882,718,000,000
Cet1 capital ratio advanced %14.2%14.1%14.1%14.9%15.2%
Allowance for credit losses31,383,000,00031,230,000,00029,089,000,00028,281,000,00027,835,000,000
Allowance for loan losses to total retained loans %1.82%1.83%1.88%1.85%1.94%
Nonperforming assets10,049,000,00010,359,000,00010,635,000,00010,480,000,0009,105,000,000
Net charge offs2,316,000,0002,514,000,0002,593,000,0002,410,000,0002,332,000,000
Net charge off rate %0.67%0.72%0.76%0.73%0.74%
Liquidity coverage ratio avg %112%111%110%113%113%
Segments managed basis
Consumer and community banking
Total net revenue20,272,000,00019,568,000,00019,396,000,00019,473,000,00018,847,000,00018,313,000,000
Total noninterest expense11,108,000,00010,979,000,0009,857,000,000
Provision for credit losses2,156,000,0002,050,000,0002,629,000,000
Net income5,311,000,0004,976,000,0003,642,000,0005,009,000,0005,169,000,0004,425,000,000
Return on equity %34%32%31%
Commercial and investment bank
Total net revenue24,853,000,00023,379,000,00019,375,000,00019,878,000,00019,535,000,00019,666,000,000
Total noninterest expense11,390,000,00011,136,000,0009,842,000,000
Provision for credit losses356,000,000482,000,000705,000,000
Net income9,678,000,0009,044,000,0007,268,000,0006,901,000,0006,650,000,0006,942,000,000
Return on equity %22%21%18%
Asset and wealth management
Total net revenue6,851,000,0006,374,000,0006,516,000,0006,066,000,0005,760,000,0005,731,000,000
Total noninterest expense4,207,000,0004,167,000,0003,713,000,000
Provision for credit losses13,000,000-24,000,000-10,000,000
Net income1,957,000,0001,775,000,0001,808,000,0001,658,000,0001,473,000,0001,583,000,000
Return on equity %48%44%39%
Corporate
Total net revenue6,046,000,0001,215,000,0001,480,000,0001,703,000,0001,538,000,0002,304,000,000
Total noninterest expense611,000,000568,000,000185,000,000
Provision for credit losses-10,000,000-1,000,000-19,000,000
Net income4,209,000,000699,000,000307,000,000825,000,0001,695,000,0001,693,000,000
Significant itemsA $4.6 billion net gain related to Visa shares, recorded in Corporate, following Visa's acceptance on May 11, 2026 of the Firm's tender of its 18.6 million shares of Visa Class B-2 common stock in exchange for Class B-3 and Class C common stock.; $1.0 billion of gains on certain equity investments ($763 million in Corporate and $263 million in the Commercial & Investment Bank).; Excluding these items, the release states second-quarter 2026 net income would have been $16.9 billion, diluted earnings per share $6.14 and return on tangible common equity 23%.
Balance sheet
Cash and due from banks22,039,000,000
Deposits with banks290,103,000,000
Federal funds sold and securities purchased under resale agreements482,704,000,000
Securities borrowed284,524,000,000
Trading assets1,069,335,000,000
Available for sale securities549,037,000,000
Held to maturity securities272,142,000,000
Investment securities net of allowance821,179,000,000
Loans1,503,520,000,000
Allowance for loan losses-25,928,000,000
Loans net of allowance1,477,592,000,000
Accrued interest and accounts receivable142,334,000,000
Premises and equipment36,771,000,000
Goodwill msrs and other intangible assets64,289,000,000
Other assets209,605,000,000
Total assets4,900,475,000,000
Deposits2,675,520,000,000
Federal funds purchased and securities loaned or sold under repurchase agreements716,623,000,000
Short term borrowings68,048,000,000
Trading liabilities247,836,000,000
Accounts payable and other liabilities352,561,000,000
Beneficial interests issued by consolidated vies27,085,000,000
Long term debt448,764,000,000
Total liabilities4,536,437,000,000
Preferred stock20,045,000,000
Common stock4,105,000,000
Additional paid in capital90,087,000,000
Retained earnings428,206,000,000
Accumulated other comprehensive income loss-6,689,000,000
Treasury stock at cost-171,716,000,000
Total stockholders equity364,038,000,000
Common stockholders equity343,993,000,000
Common shares issued4,104,933,895
Treasury shares at cost1,425,422,477
Preferred shares issued2,005,375
Common shares outstanding period end2,679,500,000
Cash flow
Net income16,494,000,00014,643,000,000
Provision for credit losses2,507,000,0003,305,000,000
Depreciation and amortization2,364,000,0002,030,000,000
Deferred tax benefit expense123,000,000524,000,000
Other operating adjustments line513,000,000600,000,000
Originations and purchases of loans held for sale-57,663,000,000-68,533,000,000
Proceeds from sales securitizations and paydowns of loans held for sale64,432,000,00062,724,000,000
Net change in trading assets-272,429,000,000-231,665,000,000
Net change in securities borrowed1,656,000,000-19,156,000,000
Net change in accrued interest and accounts receivable-31,294,000,000-17,070,000,000
Net change in other assets-11,614,000,0007,578,000,000
Net change in trading liabilities35,793,000,000-10,486,000,000
Net change in accounts payable and other liabilities36,857,000,0001,276,000,000
Other operating adjustments500,000,0002,391,000,000
Net cash used in operating activities-211,761,000,000-251,839,000,000
Net change in federal funds sold and resale agreements-146,278,000,000-134,479,000,000
Held to maturity proceeds from paydowns and maturities17,343,000,00011,341,000,000
Held to maturity purchases-19,574,000,000-1,628,000,000
Available for sale proceeds from paydowns and maturities11,705,000,00010,709,000,000
Available for sale proceeds from sales42,640,000,00055,847,000,000
Available for sale purchases-101,040,000,000-53,721,000,000
Proceeds from sales and securitizations of loans held for investment11,585,000,00011,960,000,000
Other changes in loans net-31,078,000,000-16,134,000,000
All other investing activities net-3,072,000,000-1,971,000,000
Net cash used in investing activities-217,769,000,000-118,076,000,000
Net change in deposits120,390,000,00085,029,000,000
Net change in federal funds purchased and repurchase agreements274,236,000,000236,204,000,000
Net change in short term borrowings3,438,000,00010,817,000,000
Net change in beneficial interests issued by consolidated vies-1,322,000,000-2,431,000,000
Proceeds from long term borrowings49,898,000,00029,927,000,000
Payments of long term borrowings-31,938,000,000-28,457,000,000
Treasury stock repurchased-8,325,000,000-7,528,000,000
Dividends paid-4,374,000,000-3,823,000,000
All other financing activities net-1,326,000,000-1,679,000,000
Net cash provided by financing activities400,677,000,000318,059,000,000
Effect of exchange rate changes on cash-2,343,000,0008,442,000,000
Net decrease in cash and deposits with banks-31,196,000,000-43,414,000,000
Cash and deposits with banks beginning of period343,338,000,000469,317,000,000
Cash and deposits with banks end of period312,142,000,000425,903,000,000
Cash interest paid23,414,000,00023,587,000,000
Cash income taxes paid net917,000,0001,651,000,000
Proceeds from issuance of preferred stock3,000,000,000
Redemption of preferred stock-3,000,000,000
Additional source accession0001628280-26-0480780001628280-26-0480780001628280-26-048078
Additional source statementNet interest income, noninterest revenue, segment net revenue and net income, CET1 capital and risk-weighted assets for this quarter are taken from the quarterly-trend tables in the second-quarter 2026 earnings release financial supplement (Exhibit 99.2 to the Form 8-K filed 2026-07-14).Net interest income, noninterest revenue, segment net revenue and net income, CET1 capital and risk-weighted assets for this quarter are taken from the quarterly-trend tables in the second-quarter 2026 earnings release financial supplement (Exhibit 99.2 to the Form 8-K filed 2026-07-14).Net interest income, noninterest revenue, segment net revenue and net income, CET1 capital and risk-weighted assets for this quarter are taken from the quarterly-trend tables in the second-quarter 2026 earnings release financial supplement (Exhibit 99.2 to the Form 8-K filed 2026-07-14).

JPM year-to-date income statement and cash flow

2026-06-302025-06-30
Fiscal period2026 six months ended June 302025 six months ended June 30
Period start2026-01-012025-01-01
Period end2026-06-302025-06-30
Period typesix monthssix months
Source accession0001628280-26-0480780001628280-26-048078
Source statementSecond-quarter 2026 earnings release financial supplement (Exhibit 99.2 to the Form 8-K filed 2026-07-14)Second-quarter 2026 earnings release financial supplement (Exhibit 99.2 to the Form 8-K filed 2026-07-14), prior-year comparative columns
Source basisPress-release figures; the Form 10-Q for the quarter ended June 30, 2026 had not been filed as of the date these figures were compiled.
Income statement
Noninterest revenue56,306,000,00043,740,000,000
Interest income99,815,000,00095,094,000,000
Interest expense48,938,000,00048,612,000,000
Net interest income50,877,000,00046,482,000,000
Total net revenue107,183,000,00090,222,000,000
Total net revenue managed basis108,558,000,00091,694,000,000
Total noninterest expense54,166,000,00047,376,000,000
Pre provision profit53,017,000,00042,846,000,000
Provision for credit losses5,022,000,0006,154,000,000
Income before income tax expense47,995,000,00036,692,000,000
Income tax expense10,346,000,0007,062,000,000
Net income37,649,000,00029,630,000,000
Earnings per share basic13.6510.32
Earnings per share diluted13.6310.31
Weighted average basic shares2,703,100,0002,804,000,000
Weighted average diluted shares2,707,200,0002,809,000,000
Effective income tax rate %21.6%19.2%
Bank metrics
Return on common equity %22%18%
Return on tangible common equity %26%21%
Return on assets %1.56%1.38%
Overhead ratio %51%53%
Cash dividends declared per share3.02.8

Adjustments

Value
Splits appliednone
Splits noteNo stock splits are recorded for JPMorgan Chase over the periods reported, so no per-share figure required split adjustment. Per-share amounts are as reported.
ADR ration/a
ADR noteJPMorgan Chase & Co. common stock is a domestic U.S. listing, not an ADR, so no ADR ratio applies.
FXNone. The Firm reports in U.S. dollars and the filings state amounts in U.S. dollars, so no currency conversion was applied.

Notes

  • All annual figures come from the FY2025 Form 10-K (accession 0001628280-26-008131). Its consolidated statements of income, comprehensive income and cash flows present three years - 2025, 2024 and 2023 - so all three are reported here.
  • The 10-K's consolidated balance sheet presents only two dates, December 31, 2025 and December 31, 2024. For fiscal 2023 the balance sheet block therefore carries only the items the 10-K discloses for that date elsewhere on its face: the selected balance sheet data in the three-year summary of consolidated financial highlights (trading assets, investment securities, loans, total assets, deposits, long-term debt, common stockholders' equity and total stockholders' equity) and the December 31, 2023 equity component balances shown on the consolidated statements of changes in stockholders' equity. Line items such as total liabilities and the individual asset captions are not presented for 2023 in this filing and are therefore absent rather than estimated.
  • Quarterly figures for the quarter ended March 31, 2026 and the prior-year quarter ended March 31, 2025 come from the Form 10-Q for the quarter ended March 31, 2026 (accession 0001628280-26-029344).
  • That 10-Q also presents a five-quarter trend in its consolidated financial highlights, which is the source for the quarters ended December 31, 2025, September 30, 2025 and June 30, 2025 reported here. For those three quarters the 10-Q gives revenue, expense, provision, pre-tax income, tax, net income, per-share data, capital ratios, selected balance sheet items and credit metrics but not the full income statement; net interest income, noninterest revenue, segment net revenue and net income, CET1 capital and risk-weighted assets for those quarters are taken from the quarterly-trend tables in the second-quarter 2026 earnings release financial supplement, and each such quarter records both accessions.
  • The quarter ended June 30, 2026 is reported from the second-quarter 2026 earnings press release and its financial supplement (Exhibits 99.1 and 99.2 to the Form 8-K filed July 14, 2026, accession 0001628280-26-048078). The Form 10-Q for that quarter had not been filed when these figures were compiled, so those amounts are unaudited press-release figures, not 10-Q figures, and the capital ratios and CET1 capital for that date are labelled 'estimated' in the release itself. The six-month periods ended June 30, 2026 and June 30, 2025 come from the same supplement.
  • Revenue is presented two ways in the filings. 'Total net revenue' is the reported U.S. GAAP figure that appears on the consolidated statements of income; 'total net revenue - managed basis' adds a fully taxable-equivalent adjustment (a $3.1 billion adjustment in 2025) and is the basis on which the Firm reports its business segments. Both are carried here, and the reconciling items that bridge managed segment revenue back to the reported total are reported as their own line under the segment block.
  • Pre-provision profit (total net revenue less total noninterest expense), tangible book value per share and return on tangible common equity are described by the filings as non-GAAP financial measures; they are reported here as the Firm states them.
  • The 2024 figures include a $7.9 billion net gain related to Visa shares in total net revenue and a $1.0 billion contribution of Visa shares to the JPMorgan Chase Foundation in total noninterest expense, both recorded in the second quarter of 2024, per the 10-K's own footnotes. The 2025 provision for credit losses includes a $2.2 billion provision for lending-related commitments related to the Apple Card transaction, recorded in the fourth quarter of 2025.
  • The second quarter of 2026 includes a $4.6 billion net gain related to Visa shares and $1.0 billion of gains on certain equity investments; the press release states that excluding these items net income would have been $16.9 billion and diluted earnings per share $6.14, against reported figures of $21.2 billion and $7.70.
  • Capital ratios are reported on the Standardized approach, which is the series the Firm carries in its financial highlights. Where the filings also disclose the Advanced approach ratio it is carried alongside. The 10-K notes that as of December 31, 2025 the Advanced risk-based ratios became more binding on the Firm than the Standardized ratios.
  • As of January 1, 2025 the benefit from the Current Expected Credit Losses capital transition provision had been fully phased out; the 2024 and 2023 capital ratios reflected that transition provision, and 2024 CET1 capital reflected a $720 million benefit from it.
  • The figures were cross-checked against the SEC's XBRL company facts for JPMorgan Chase. Net income, total assets, deposits and diluted earnings per share for 2025, 2024, 2023 and the first quarter of 2026 agreed exactly with the filings, so no figure in this file needed to be chosen over a conflicting structured value.
  • Net income applicable to common stockholders is net income less preferred stock dividends, and it is the numerator the Firm's earnings per share are calculated on. It is reported here for every quarter. For the quarter ended December 31, 2025 the Firm files no Form 10-Q, so the figure is the full year 2025 less the three quarters ended March 31, June 30 and September 30, 2025: $12.691 billion, which divided by the 2.7405 billion diluted shares of that quarter gives the $4.63 of diluted earnings per share the Firm reports.

Uncertainties

  • The quarter ended June 30, 2026 and the six months ended June 30, 2026 are press-release figures. The corresponding Form 10-Q had not been filed when these figures were compiled, and the release's capital measures - CET1 capital of $302.6 billion, risk-weighted assets, and the Standardized and Advanced CET1, Tier 1, total capital, leverage and supplementary leverage ratios at June 30, 2026 - are marked 'estimated' by the Firm. These could be revised when the 10-Q is filed.
  • For the quarter ended June 30, 2026 the release does not state net income applicable to common stockholders, the components of stockholders' equity, or a cash flow statement, so those are absent for that quarter rather than derived.
  • For the quarters ended December 31, 2025, September 30, 2025 and June 30, 2025 no cash flow statement is available; quarterly cash flow statements are not presented for those periods in either the 10-Q or the earnings supplement.
  • Return on common equity and return on tangible common equity are stated by the Firm rounded to whole percentage points in the annual and quarterly highlights (for example 17% for 2025), so those values carry only that precision.
  • The full-year 2023 balance sheet is partial, as described in the notes: only the items the FY2025 10-K discloses for December 31, 2023 are reported, because that filing's balance sheet does not present a 2023 column.
  • Segment results for the quarter ended June 30, 2026 are limited to net revenue, net income and return on equity for each segment as given in the press release tables, plus noninterest expense and provision where the release's segment tables state them; a complete segment income statement for that quarter is not available until the 10-Q is filed.

Company details

Value
NameJpmorgan Chase & Co
TickerJPM
CIK0000019617
ExchangeNYSE
StateNew York
IncorporationDelaware
SIC6021
OfficeFinance
IndustryNational Commercial Banks

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ1
TagFY26Q1
Period end2026-03-31
Form10-Q
Accession0001628280-26-029344
Fiscal year end1231
Sourcefacts

FAQ · JPMorgan Chase financial statements

How much did JPMorgan Chase earn in Q1 FY2026?

JPMorgan Chase & Co. earned net income of $16.49 billion in Q1 FY2026, the quarter ended March 31, 2026, up 12.6% from $14.64 billion a year earlier. Diluted earnings per share were $5.94, up 17.2%.

What was JPMorgan Chase's revenue in Q1 FY2026?

JPMorgan Chase & Co. reported $49.84 billion of total net revenue, meaning revenue net of interest expense, for Q1 FY2026, the quarter ended March 31, 2026. That is up 10.0% from $45.31 billion in the same quarter a year earlier.

How much net interest income did JPMorgan Chase make in Q1 FY2026?

JPMorgan Chase & Co. reported net interest income of $25.37 billion for Q1 FY2026, up 9.0% from $23.27 billion a year earlier, or about half of the bank's total net revenue for the quarter.

What is JPMorgan Chase's CET1 capital ratio?

JPMorgan Chase & Co. reported a standardized CET1 capital ratio of 14.3% at the end of Q1 FY2026, down 1.1 points from 15.4% a year earlier.

Where can I get JPMorgan Chase & Co. (JPM) financial data in machine-readable form?

Ticker Scout publishes JPMorgan Chase & Co.'s financial statements as JSON at https://tickerscout.ai/jpm/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/jpm/narrative.md and https://tickerscout.ai/jpm/events.md. JPMorgan Chase & Co.'s SEC CIK is 0000019617. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

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How this page was built

This page was built from three of JPMorgan Chase & Co.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from JPMorgan Chase & Co.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.