JPMORGAN CHASE & CO's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), JPMORGAN CHASE & CO reported revenue of $182.4B (+2.8% year on year) and net income of $57.0B (-2.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment banking fees | $9.6B | $8.9B | $6.5B | $6.7B |
| Principal transactions | $27.2B | $24.8B | $24.5B | $19.9B |
| Lending- and deposit-related fees | $9.1B | $7.6B | $7.4B | $7.1B |
| Asset management fees | $20.3B | $17.8B | $15.2B | — |
| Commissions and other fees | $8.5B | $7.5B | $6.8B | — |
| Investment securities losses | ($57.0M) | ($1.0B) | ($3.2B) | ($2.4B) |
| Mortgage fees and related income | $1.4B | $1.4B | $1.2B | $1.3B |
| Card income | $4.7B | $5.5B | $4.8B | $4.4B |
| Other income | $6.2B | $12.5B | $5.6B | $4.3B |
| Noninterest revenue | $87.0B | $85.0B | $68.8B | $62.0B |
| Interest income | $193.3B | $193.9B | $170.6B | $92.8B |
| Interest expense | $97.9B | $101.3B | $81.3B | $26.1B |
| Net interest income | $95.4B | $92.6B | $89.3B | $66.7B |
| Total net revenue | $182.4B | $177.6B | $158.1B | $128.7B |
| Provision for credit losses | $14.2B | $10.7B | $9.3B | $6.4B |
| Compensation expense | $54.5B | $51.4B | $46.5B | $41.6B |
| Occupancy expense | $5.5B | $5.0B | $4.6B | $4.7B |
| Technology, communications and equipment expense | $11.0B | $9.8B | $9.2B | $9.4B |
| Professional and outside services | $12.4B | $11.1B | $10.2B | $10.2B |
| Marketing | $5.5B | $5.0B | $4.6B | $3.9B |
| Other expense | $6.8B | $9.6B | $12.0B | $6.4B |
| Total noninterest expense | $95.6B | $91.8B | $87.2B | $76.1B |
| Income/(loss) before income tax expense/(benefit) | $72.6B | $75.1B | $61.6B | $46.2B |
| Income tax expense | $15.5B | $16.6B | $12.1B | $8.5B |
| Net income | $57.0B | $58.5B | $49.6B | $37.7B |
| Basic net income applicable to common stockholders | $55.7B | $56.9B | $47.8B | $35.9B |
| Diluted net income applicable to common stockholders | $55.7B | $56.9B | $47.8B | $35.9B |
| Basic earnings per share (in dollars per share) | $20.05 | $19.79 | $16.25 | $12.10 |
| Diluted earnings per share (in dollars per share) | $20.02 | $19.75 | $16.23 | $12.09 |
| Weighted-average basic shares (in shares) | 2.8B | 2.9B | 2.9B | 3.0B |
| Weighted-average diluted shares (in shares) | 2.8B | 2.9B | 2.9B | 3.0B |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Investment banking fees | $3.2B | $2.9B | $2.6B | $2.5B |
| Principal transactions | $9.0B | $8.0B | $7.1B | $7.1B |
| Lending- and deposit-related fees | $2.5B | $2.4B | $2.3B | $2.2B |
| Asset management fees | $5.7B | $5.5B | $5.1B | $4.8B |
| Commissions and other fees | $2.6B | $2.5B | $2.2B | $2.2B |
| Investment securities losses | ($395.0M) | $64.0M | $105.0M | ($54.0M) |
| Mortgage fees and related income | $336.0M | $309.0M | $383.0M | $363.0M |
| Card income | $1.3B | $1.2B | $1.1B | $1.3B |
| Other income | $7.5B | $1.7B | $1.4B | $1.2B |
| Noninterest revenue | $31.8B | $24.5B | $22.5B | $21.7B |
| Interest income | $50.6B | $49.2B | $49.4B | $48.2B |
| Interest expense | $25.1B | $23.8B | $25.5B | $25.0B |
| Net interest income | $25.5B | $25.4B | $24.0B | $23.2B |
| Total net revenue | $57.3B | $49.8B | $46.4B | $44.9B |
| Provision for credit losses | $2.5B | $2.5B | $3.4B | $2.8B |
| Compensation expense | $15.2B | $15.3B | $13.6B | $13.7B |
| Occupancy expense | $1.5B | $1.4B | $1.4B | $1.3B |
| Technology, communications and equipment expense | $3.1B | $3.0B | $2.8B | $2.7B |
| Professional and outside services | $3.9B | $3.5B | $3.2B | $3.0B |
| Marketing | $1.7B | $1.6B | $1.5B | $1.3B |
| Other expense | $2.0B | $2.0B | $1.8B | $1.8B |
| Total noninterest expense | $27.3B | $26.9B | $24.3B | $23.8B |
| Income/(loss) before income tax expense/(benefit) | $27.5B | $20.5B | $18.7B | $18.3B |
| Income tax expense | $6.4B | $4.0B | $4.3B | $3.3B |
| Net income | $21.2B | $16.5B | $14.4B | $15.0B |
| Basic net income applicable to common stockholders | $20.8B | $16.1B | $14.0B | $14.6B |
| Diluted net income applicable to common stockholders | $20.8B | $16.1B | $14.0B | $14.6B |
| Basic earnings per share (in dollars per share) | $7.71 | $5.95 | $5.08 | $5.25 |
| Diluted earnings per share (in dollars per share) | $7.70 | $5.94 | $5.07 | $5.24 |
| Weighted-average basic shares (in shares) | 2.7B | 2.7B | 2.8B | 2.8B |
| Weighted-average diluted shares (in shares) | 2.7B | 2.7B | 2.8B | 2.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $21.7B | $23.4B | $29.1B | $27.7B |
| Deposits with banks | $321.6B | $445.9B | $595.1B | $539.5B |
| Federal funds sold and securities purchased under resale agreements (included $327,018 and $286,771 at fair value) | $336.4B | $295.0B | $276.2B | $315.6B |
| Securities borrowed (included $98,111 and $83,962 at fair value) | $286.2B | $219.5B | $200.4B | $185.4B |
| Trading assets (included assets pledged of $165,927 and $136,070) | $802.9B | $637.8B | $540.6B | $453.8B |
| Available-for-sale securities (amortized cost of $507,226 and $411,045; included assets pledged of $7,735 and $10,162) | $507.2B | $406.9B | $201.7B | $205.9B |
| Held-to-maturity securities | $270.1B | $274.5B | $369.8B | $425.3B |
| Investment securities, net of allowance for credit losses | $777.3B | $681.3B | $571.6B | $631.2B |
| Loans (included $70,684 and $41,350 at fair value) | $1.5T | $1.3T | $1.3T | $1.1T |
| Allowance for loan losses | ($25.8B) | ($24.3B) | ($22.4B) | ($19.7B) |
| Loans, net of allowance for loan losses | $1.5T | $1.3T | $1.3T | $1.1T |
| Accrued interest and accounts receivable | $111.6B | $101.2B | $107.4B | $125.2B |
| Premises and equipment | $36.2B | $32.2B | $30.2B | $27.7B |
| Goodwill, MSRs and other intangible assets | $64.5B | $64.6B | $64.4B | $60.9B |
| Other assets (included $15,849 and $15,122 at fair value and assets pledged of $11,984 and $6,288) | $198.8B | $178.2B | $159.3B | $182.9B |
| Total assets | $4.4T | $4.0T | $3.9T | $3.7T |
| Deposits (included $20,930 and $33,768 at fair value) | $2.6T | $2.4T | $2.4T | $2.3T |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $360,194 and $226,329 at fair value) | $442.4B | $296.8B | $216.5B | $202.6B |
| Short-term borrowings (included $32,460 and $26,521 at fair value) | $64.8B | $52.9B | $44.7B | $44.0B |
| Trading liabilities | $216.0B | $192.9B | $180.4B | $178.0B |
| Accounts payable and other liabilities (included $6,660 and $5,893 at fair value) | $316.8B | $280.7B | $290.3B | $300.1B |
| Beneficial interests issued by consolidated VIEs (included $5 and $1 at fair value) | $28.0B | $27.3B | $23.0B | $12.6B |
| Long-term debt (included $134,559 and $100,780 at fair value) | $435.2B | $401.4B | $391.8B | $295.9B |
| All other liabilities | $691.0M | $454.0M | $263.0M | $279.0M |
| Total liabilities | $4.1T | $3.7T | $3.5T | $3.4T |
| Preferred stock ($1 par value; authorized 200,000,000 shares: issued 2,005,375 and 2,005,375 shares) | 20.0B | 20.1B | 27.4B | 27.4B |
| Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) | 4.1B | 4.1B | 4.1B | 4.1B |
| Additional paid-in capital | $91.1B | $90.9B | $90.1B | $89.0B |
| Retained earnings | $416.1B | $376.2B | $332.9B | $296.5B |
| Accumulated other comprehensive losses | ($4.3B) | ($12.5B) | ($10.4B) | ($17.3B) |
| Treasury stock, at cost (1,408,661,319 and 1,307,313,494 shares) | -164.6B | -134.0B | -116.2B | -107.3B |
| Total stockholders’ equity | $362.4B | $344.8B | $327.9B | $292.3B |
| Total liabilities and stockholders’ equity | $4.4T | $4.0T | $3.9T | $3.7T |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $24.7B | $22.0B | $21.8B | $23.8B |
| Deposits with banks | $285.1B | $290.1B | $281.6B | $396.6B |
| Federal funds sold and securities purchased under resale agreements (included $432,939 and $327,018 at fair value) | $446.1B | $482.7B | $425.8B | $470.6B |
| Securities borrowed (included $118,384 and $98,111 at fair value) | $362.5B | $284.5B | $248.4B | $224.0B |
| Trading assets (included assets pledged of $267,907 and $165,927) | $1.1T | $1.1T | $952.8B | $889.9B |
| Available-for-sale securities (amortized cost of $538,689 and $507,226; included assets pledged of $12,007 and $7,735) | $536.0B | $549.0B | $490.5B | $485.4B |
| Held-to-maturity securities | $268.5B | $272.1B | $293.4B | $260.6B |
| Investment securities, net of allowance for credit losses | $804.5B | $821.2B | $783.9B | $745.9B |
| Loans (included $62,889 and $70,684 at fair value) | $1.5T | $1.5T | $1.4T | $1.4T |
| Allowance for loan losses | ($26.2B) | ($25.9B) | ($25.7B) | ($25.0B) |
| Loans, net of allowance for loan losses | $1.5T | $1.5T | $1.4T | $1.4T |
| Accrued interest and accounts receivable | $179.9B | $142.3B | $141.9B | $124.5B |
| Premises and equipment | $37.7B | $36.8B | $35.1B | $33.6B |
| Goodwill, MSRs and other intangible assets | $64.3B | $64.3B | $64.4B | $64.5B |
| Other assets (included $32,431 and $15,849 at fair value and assets pledged of $16,137 and $11,984) | $231.8B | $209.6B | $195.0B | $192.3B |
| Total assets | $5.0T | $4.9T | $4.6T | $4.6T |
| Deposits (included $26,229 and $20,930 at fair value) | $2.7T | $2.7T | $2.5T | $2.6T |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $568,730 and $360,194 at fair value) | $704.9B | $716.6B | $567.6B | $595.3B |
| Short-term borrowings (included $29,967 and $32,460 at fair value) | $72.4B | $68.0B | $69.4B | $65.3B |
| Trading liabilities | $275.1B | $247.8B | $242.3B | $221.4B |
| Accounts payable and other liabilities (included $18,383 and $6,660 at fair value) | $384.3B | $352.6B | $316.9B | $303.6B |
| Beneficial interests issued by consolidated VIEs (included $5 and $5 at fair value) | $29.5B | $27.1B | $28.2B | $27.7B |
| Long-term debt (included $156,056 and $134,559 at fair value) | $460.5B | $448.8B | $427.2B | $419.8B |
| All other liabilities | $813.0M | $637.0M | $610.0M | $468.0M |
| Total liabilities | $4.6T | $4.5T | $4.2T | $4.2T |
| Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,105,375 and 2,005,375 shares) | 21.0B | 20.0B | 20.0B | 20.0B |
| Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) | 4.1B | 4.1B | 4.1B | 4.1B |
| Additional paid-in capital | $90.6B | $90.1B | $90.9B | $90.6B |
| Retained earnings | $445.0B | $428.2B | $407.4B | $397.4B |
| Accumulated other comprehensive losses | ($7.7B) | ($6.7B) | ($5.9B) | ($7.2B) |
| Treasury stock, at cost (1,446,747,700 and 1,408,661,319 shares) | -178.4B | -171.7B | -156.3B | -148.0B |
| Total stockholders’ equity | $374.6B | $364.0B | $360.2B | $356.9B |
| Total liabilities and stockholders’ equity | $5.0T | $4.9T | $4.6T | $4.6T |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $57.0B | $58.5B | $49.6B | $37.7B |
| Provision for credit losses | $14.2B | $10.7B | $9.3B | $6.4B |
| Depreciation and amortization | $8.8B | $7.9B | $7.5B | $7.1B |
| Deferred tax (benefit)/expense | $5.6B | $2.0B | ($4.5B) | ($2.7B) |
| Estimated bargain purchase gain associated with the First Republic acquisition | $0 | ($103.0M) | ($2.8B) | — |
| Initial gain on the Visa share exchange | $0 | ($8.0B) | — | — |
| Other | $1.3B | $2.0B | $4.3B | $5.2B |
| Originations and purchases of loans held-for-sale | ($260.8B) | ($212.2B) | ($115.2B) | ($149.2B) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | $235.2B | $205.3B | $116.4B | $167.7B |
| Trading assets | ($156.5B) | ($95.7B) | ($74.1B) | ($31.4B) |
| Securities borrowed | ($66.6B) | ($18.8B) | ($14.9B) | $20.2B |
| Accrued interest and accounts receivable | ($11.5B) | $5.7B | $19.9B | ($23.0B) |
| Other assets | ($12.6B) | ($7.7B) | $33.0B | ($2.9B) |
| Trading liabilities | $23.1B | $2.3B | $5.3B | $11.2B |
| Accounts payable and other liabilities | $5.3B | ($90.0M) | ($25.4B) | $58.6B |
| Other operating adjustments | $9.6B | $6.2B | $4.6B | $2.3B |
| Net cash (used in)/provided by operating activities | ($147.8B) | ($42.0B) | $13.0B | $107.1B |
| Federal funds sold and securities purchased under resale agreements | ($41.3B) | ($18.7B) | $39.7B | ($54.3B) |
| Proceeds from paydowns and maturities | $54.8B | $99.4B | $53.1B | $48.6B |
| Purchases | ($5.4B) | ($4.7B) | ($4.1B) | ($33.7B) |
| Proceeds from paydowns and maturities | $37.4B | $38.5B | $53.7B | $39.2B |
| Proceeds from sales | $141.3B | $104.6B | $108.4B | $84.6B |
| Purchases | ($308.8B) | ($352.7B) | ($115.5B) | ($126.3B) |
| Proceeds from sales and securitizations of loans held-for-investment | $57.6B | $57.9B | $47.3B | $44.9B |
| Other changes in loans, net | ($188.5B) | ($83.2B) | ($88.3B) | ($129.0B) |
| Net cash used in First Republic Acquisition | $0 | ($2.4B) | ($9.9B) | — |
| All other investing activities, net | ($12.7B) | ($2.1B) | ($16.7B) | ($11.9B) |
| Net cash (used in)/provided by investing activities | ($265.6B) | ($163.4B) | $67.6B | ($137.8B) |
| Deposits | $153.2B | $3.3B | ($32.2B) | ($136.9B) |
| Federal funds purchased and securities loaned or sold under repurchase agreements | $145.5B | $80.3B | $13.8B | $8.5B |
| Short-term borrowings | $9.4B | $7.4B | — | — |
| Short-term borrowings | $0 | ($999.0M) | ($1.9B) | ($9.0B) |
| Beneficial interests issued by consolidated VIEs | ($622.0M) | $1.5B | $9.0B | $2.2B |
| Proceeds from long-term borrowings | $120.8B | $109.9B | $75.4B | $78.4B |
| Payments of long-term borrowings | ($108.1B) | ($96.6B) | ($64.9B) | ($45.6B) |
| Proceeds from issuance of preferred stock | $3.0B | $2.5B | $0 | $0 |
| Redemption of preferred stock | ($3.0B) | ($9.8B) | $0 | ($7.4B) |
| Treasury stock repurchased | ($31.6B) | ($18.8B) | ($9.8B) | ($3.2B) |
| Dividends paid | ($16.6B) | ($14.8B) | ($13.5B) | ($13.6B) |
| All other financing activities, net | ($2.4B) | ($1.5B) | ($1.5B) | $234.0M |
| Net cash provided by/(used in) financing activities | $269.5B | $63.4B | ($25.6B) | ($126.3B) |
| Effect of exchange rate changes on cash and due from banks and deposits with banks | $17.8B | ($12.9B) | $1.9B | ($16.6B) |
| Net increase/(decrease) in cash and due from banks and deposits with banks | ($126.0B) | ($154.8B) | $56.9B | ($173.6B) |
| Cash and due from banks and deposits with banks at the beginning of the period | $469.3B | $624.2B | $567.2B | $740.8B |
| Cash and due from banks and deposits with banks at the end of the period | $343.3B | $469.3B | $624.2B | $567.2B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $37.6B | $16.5B | $44.0B | $29.6B |
| Provision for credit losses | $5.0B | $2.5B | $9.6B | $6.2B |
| Depreciation and amortization | $4.7B | $2.4B | $6.5B | $4.2B |
| Deferred tax (benefit)/expense | $127.0M | $123.0M | $4.2B | ($418.0M) |
| Initial gain on the Visa share exchange | ($4.5B) | — | $0 | $0 |
| Other | $1.4B | $513.0M | $1.1B | $979.0M |
| Originations and purchases of loans held-for-sale | ($139.0B) | ($57.7B) | ($183.4B) | ($133.1B) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | $145.9B | $64.4B | $171.3B | $120.5B |
| Trading assets | ($254.0B) | ($272.4B) | ($305.0B) | ($245.6B) |
| Securities borrowed | ($76.3B) | $1.7B | ($28.8B) | ($4.4B) |
| Accrued interest and accounts receivable | ($69.4B) | ($31.3B) | ($41.4B) | ($23.9B) |
| Other assets | ($24.1B) | ($11.6B) | ($7.6B) | ($5.0B) |
| Trading liabilities | $74.8B | $35.8B | $48.1B | $29.8B |
| Accounts payable and other liabilities | $59.5B | $36.9B | $6.0B | ($7.8B) |
| Other operating adjustments | $1.2B | $500.0M | $7.8B | $6.7B |
| Net cash (used in) operating activities | ($237.0B) | ($211.8B) | ($267.5B) | ($222.3B) |
| Federal funds sold and securities purchased under resale agreements | ($109.8B) | ($146.3B) | ($130.6B) | ($175.5B) |
| Proceeds from paydowns and maturities | $24.4B | $17.3B | $30.9B | $18.1B |
| Purchases | ($23.1B) | ($19.6B) | ($4.8B) | ($3.2B) |
| Proceeds from paydowns and maturities | $26.2B | $11.7B | $24.8B | $18.0B |
| Proceeds from sales | $110.8B | $42.6B | $117.3B | $85.5B |
| Purchases | ($172.1B) | ($101.0B) | ($257.1B) | ($172.1B) |
| Proceeds from sales and securitizations of loans held-for-investment | $29.1B | $11.6B | $40.9B | $25.9B |
| Other changes in loans, net | ($91.1B) | ($31.1B) | ($124.4B) | ($83.2B) |
| All other investing activities, net | ($5.9B) | ($3.1B) | ($9.4B) | ($4.7B) |
| Net cash (used in) investing activities | ($211.4B) | ($217.8B) | ($312.4B) | ($291.1B) |
| Deposits | $149.4B | $120.4B | $139.6B | $153.5B |
| Federal funds purchased and securities loaned or sold under repurchase agreements | $262.6B | $274.2B | $270.7B | $298.5B |
| Short-term borrowings | $7.0B | $3.4B | $14.2B | $10.8B |
| Beneficial interests issued by consolidated VIEs | ($517.0M) | ($1.3B) | $63.0M | ($31.0M) |
| Proceeds from long-term borrowings | $85.5B | $49.9B | $85.0B | $53.9B |
| Payments of long-term borrowings | ($60.0B) | ($31.9B) | ($78.6B) | ($50.8B) |
| Proceeds from issuance of preferred stock | $3.0B | $0 | $3.0B | $3.0B |
| Redemption of preferred stock | ($2.0B) | $0 | ($3.0B) | ($3.0B) |
| Treasury stock repurchased | ($15.1B) | ($8.3B) | ($23.3B) | ($15.0B) |
| Dividends paid | ($8.7B) | ($4.4B) | ($12.2B) | ($8.0B) |
| All other financing activities, net | ($1.6B) | ($1.3B) | ($2.3B) | ($1.8B) |
| Net cash provided by financing activities | $419.5B | $400.7B | $393.1B | $440.9B |
| Effect of exchange rate changes on cash and due from banks and deposits with banks | ($4.6B) | ($2.3B) | $21.0B | $23.6B |
| Net decrease in cash and due from banks and deposits with banks | ($33.5B) | ($31.2B) | ($165.9B) | ($49.0B) |
| Cash and due from banks and deposits with banks at the beginning of the period | $343.3B | $343.3B | $469.3B | $469.3B |
| Cash and due from banks and deposits with banks at the end of the period | $309.8B | $312.1B | $303.4B | $420.3B |
| Cash interest paid | $48.4B | $23.4B | $72.8B | $47.9B |
| Cash income taxes paid, net | $6.0B | $917.0M | $3.2B | $4.7B |
JPMORGAN CHASE & CO score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.