How JPMorgan Chase (JPM) makes money: Q2 2026 revenue breakdown

US GAAP · $M · vs Q2 2025 · reported 07/14/2026

JPMorgan Chase & Co. is an American multinational banking institution headquartered in New York City and incorporated in Delaware. · Wikipedia

More about the company

It is the largest bank in the United States, and the world's largest bank by market capitalization as of 2026. As the largest of the Big Four banks in America, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the development of an internal "Fortress Balance Sheet".

Key growth driver: Corporate (incl. Visa share gain) — the fastest-growing revenue line: $6,046, +293% y/y. · by the Q2 2026 report

How does JPMorgan Chase make money?

JPMorgan Chase brought in $57.3 billion of revenue in Q2 2026, up 27.7% year over year. The largest source was Commercial & Investment Bank: $24.9 billion, or 43% of the total, followed by Consumer & Community Banking ($20.3B, 35%) and Asset & Wealth Management ($6.85B, 12%); other lines add the remaining 9%. Net income for the quarter was $21.2 billion, up 41.2% year over year.

Revenue by source, Q2 2026

Commercial & Investment Bank$24.9B · 43% · +27.2%
Consumer & Community Banking$20.3B · 35% · +7.6%
Asset & Wealth Management$6.85B · 12% · +18.9%
Corporate (incl. Visa share gain)$6.05B · 11% · +293.1%

Shares of $57.3B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.

When is JPM’s next earnings date?

Tuesday, October 13, 2026confirmed · before market open

JPMorgan Chase (JPM) is scheduled to report results for the quarter ending Sep 2026 on Oct 13, 2026. Consensus EPS forecast: $5.88 (6 analysts), vs $5.07 in the same quarter last year.

What time does JPM report? Usually before market open: the last 4 results releases reached the SEC at 6:30 am, 6:32 am, 6:41 am, 6:30 am ET.

Last report: Jul 14, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →

All figures in $M.

Revenue

$57,347

+27.7%

Net income

$21,155

+41.2%

EPS diluted $7.70

Verdict: a record quarter — reported revenue rose 28% to $57.3B and net income 41% to $21.2B ($7.70 per share), with every line of business posting record revenue and CIB up 27% on Markets (+35%) and investment banking fees (+30%); about $5.6B of the revenue is one-time gains on Visa shares and equity investments, and without them net income was $16.9B, up 13%.

Diluted EPS $7.70 (+47%), $6.14 excluding significant items; buyback $6,703M (21.7M shares); common dividend $1.50/share; new $50B repurchase program authorized effective July 1, 2026; ROTCE 29%, CET1 ratio 14.1% (Standardized); OCF not disclosed in supplement; no explicit forward guidance in release.

Source and notation

* marks non-cash / ≈ estimated. Source: JPMorgan Chase & Co. earnings release and financial supplement (SEC EDGAR).

Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0

JPM earnings history: past report dates


Jul 14, 2026 Tue	6:30 ambefore market open	Jun 30, 2026	$57.3B+28% y/y	$7.70+47% y/y
Apr 14, 2026 Tue	6:32 ambefore market open	Mar 31, 2026	$49.8B+10% y/y	$5.94+17% y/y
Jan 13, 2026 Tue	6:41 ambefore market open	Dec 31, 2025	≈$45.8B+7% y/y	≈$4.64−4% y/y
Oct 14, 2025 Tue	6:30 ambefore market open	Sep 30, 2025	$46.4B+9% y/y	$5.07+16% y/y

How we count

Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.

JPMorgan Chase: 5-year financials


2025	182,447	57,048	16,625
2024	177,556	58,471	14,783
2023	158,104	49,552	13,463
2022	128,695	37,676	13,562
2021	121,649	48,334	12,858

$ millions, annual 10-K reports on SEC EDGAR (US GAAP).

How we calculate

Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.

Corporate governance

1/2mixed

How the company treats minority shareholders: 2 — well, 0 — systematically poorly.

Sep 2020JPMorgan entered a DPA with the DOJ (two counts of wire fraud) and settlements with the CFTC and SEC over manipulation of precious metals and Treasury markets in 2008–2016; about $920M in total. sec.gov ↗
Sep 2013SEC: JPMorgan paid $200M and admitted violating securities laws through misstated financials and weak controls over the CIO losses (the “London Whale”). sec.gov ↗
Feb 2016A $150M settlement of the shareholder class action over the CIO losses received preliminary approval. sec.gov ↗
Dec 2025Diluted share count 2020→2025 −9.9%; dividend $3.60 → $5.80 per share (XBRL 10-K). data.sec.gov ↗

Scoring: 2.0 −1.0 (criterion 10: September 2020 — DPA with the DOJ and settlements with the CFTC/SEC totaling ~$920M for manipulating precious metals and Treasury markets; SEC 2013 “London Whale” $200M with admission — within the cap) −0.25 (criterion 9: “London Whale” shareholder suit, $150M, 2015–2016, half weight) = 0.75 → 1.0

Share classes: Single class of common stock; preferred shares are debt-like instruments with no control rights.
Dilution: Diluted share count 2020→2025 −9.9%; SBC 2.0%.
Disclosure: 10-Ks and 10-Qs filed on time, audited US GAAP financials; no deduction.
Dividends: Dividend grew from $3.60 (2020) to $5.80 (2025); buybacks of $31.6B in 2025.
Lawsuits & regulators: Manipulation (2020 DPA, $920M, wire fraud charges) → −1.0; “London Whale”: SEC $200M with admission (2013) and a $150M shareholder suit (2015) — more than 10 years old; the 2015 FX antitrust guilty plea and other industry matters — no additional deduction (cap reached).
Related parties: No non-arm's-length related-party transactions.

How the score works · checked as of Sep 2026

JPMorgan Chase (JPM) earnings: FAQ

How does JPMorgan Chase make money?

When is JPM's next earnings date?

JPMorgan Chase (JPM) is scheduled to report on Oct 13, 2026, before market open.

What time does JPM report earnings?

JPMorgan Chase is scheduled to report before market open on Oct 13, 2026. Its last results releases were filed before market open, most recently at 6:30 am ET on Jul 14, 2026.

When did JPM last report earnings?

JPMorgan Chase reported Q2 2026 results on Jul 14, 2026.

What is the EPS estimate for JPM's next earnings?

The consensus EPS forecast is $5.88 (6 analysts), vs $5.07 in the same quarter last year.

Where can I find JPMorgan Chase's financial statements?

On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to JPM's filings; this page breaks the latest report down in a Sankey chart.

What was JPM's net income in Q2 2026?

JPMorgan Chase reported net income of $21,155M for Q2 2026 (+41.2% year over year), under US GAAP.

Does JPMorgan Chase pay dividends?

Yes. In 2025, JPMorgan Chase paid $16,625M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.

New to earnings reports? Start with how to read an earnings report.

How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 09/30/2026. How we make the breakdowns · Report an error

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