JPMORGAN CHASE & CO

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 6, 2026

JPM$342.07-0.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Financial Highlights

Consolidated financial highlights (unaudited)

As of or for the period ended, (in millions, except per share, ratio, employee data and where otherwise noted)	Six months ended June 30,
2Q26 · 1Q26 · 4Q25 · 3Q25 · 2Q25 · 2026 · 2025
Selected income statement data
Total net revenue	$57,347(e)		$49,836	$45,798		$46,427	$44,912	$107,183(e)		$90,222
Total noninterest expense	27,316		26,850	23,983		24,281	23,779	54,166		47,376
Pre-provision profit(a)	30,031		22,986	21,815		22,146	21,133	53,017		42,846
Provision for credit losses	2,515		2,507	4,655(f)		3,403	2,849	5,022		6,154
Income before income tax expense	27,516		20,479	17,160		18,743	18,284	47,995		36,692
Income tax expense	6,361		3,985	4,135		4,350	3,297	10,346		7,062
Net income	$21,155		$16,494	$13,025		$14,393	$14,987	$37,649		$29,630
Earnings per share data
Net income: Basic	$7.71		$5.95	$4.64		$5.08	$5.25	$13.65		$10.32
Diluted	7.70		5.94	4.63		5.07	5.24	13.63		10.31
Average shares: Basic	2,689.9		2,716.2	2,735.3		2,762.4	2,788.7	2,703.1		2,804.0
Diluted	2,694.2		2,720.2	2,740.5		2,767.6	2,793.7	2,707.2		2,809.0
Market and per common share data
Market capitalization	$870,104		$788,205	$868,793		$858,683	$797,181	$870,104		$797,181
Common shares at period-end	2,658.2		2,679.5	2,696.2		2,722.2	2,749.7	2,658.2		2,749.7
Book value per share	$133.01		$128.38	$126.99		$124.96	$122.51	$133.01		$122.51
Tangible book value per share (“TBVPS”)(a)	113.35		108.87	107.56		105.70	103.40	113.35		103.40
Cash dividends declared per share	1.50		1.50	1.50		1.50	1.40	3.00		2.80
Selected ratios and metrics
Return on common equity (“ROE”)(b)	24	%	19%	15	%	17%	18%	22	%	18%
Return on tangible common equity (“ROTCE”)(a)(b)	29		23	18		20	21	26		21
Return on assets(b)	1.70		1.41	1.14		1.26	1.35	1.56		1.38
Overhead ratio	48		54	52		52	53	51		53
Loans-to-deposits ratio	57		56	58		56	55	57		55
Firm Liquidity coverage ratio (“LCR”) (average)(c)	110		112	111		110	113	110		113
JPMorgan Chase Bank, N.A. LCR (average)(c)	118		120	115		117	120	118		120
Common equity Tier 1 (“CET1”) capital ratio – Standardized(d)	14.2		14.3	14.6		14.8	15.1	14.2		15.1
Tier 1 capital ratio – Standardized(d)	15.1		15.2	15.5		15.8	16.1	15.1		16.1
Total capital ratio – Standardized(d)	17.0		17.2	17.4		17.7	17.8	17.0		17.8
Tier 1 leverage ratio(c)	6.6		6.6	6.9		6.9	6.9	6.6		6.9
Supplementary leverage ratio (“SLR”)(c)	5.5		5.6	5.8		5.8	5.9	5.5		5.9
Selected balance sheet data (period-end)
Trading assets	$1,062,072		$1,069,335	$802,873		$952,777	$889,856	$1,062,072		$889,856
Investment securities, net of allowance for credit losses	804,522		821,179	777,332		783,945	745,939	804,522		745,939
Loans	1,542,462		1,503,520	1,493,429		1,435,246	1,411,992	1,542,462		1,411,992
Total assets	5,015,069		4,900,475	4,424,900		4,560,205	4,552,482	5,015,069		4,552,482
Deposits	2,713,700		2,675,520	2,559,320		2,548,476	2,562,380	2,713,700		2,562,380
Long-term debt	460,523		448,764	435,206		427,203	419,802	460,523		419,802
Common stockholders’ equity	353,558		343,993	342,393		340,167	336,879	353,558		336,879
Total stockholders’ equity	374,598		364,038	362,438		360,212	356,924	374,598		356,924
Employees	320,560		320,079	318,512		318,153	317,160	320,560		317,160
Credit quality metrics
Allowances for credit losses	$31,531		$31,383	$31,230		$29,089	$28,281	$31,531		$28,281
Allowance for loan losses to total retained loans	1.79	%	1.82%	1.83	%	1.88%	1.85%	1.79	%	1.85%
Nonperforming assets	$9,849		$10,049	$10,359		$10,635	$10,480	$9,849		$10,480
Net charge-offs	2,366		2,316	2,514		2,593	2,410	4,682		4,742
Net charge-off rate	0.66	%	0.67%	0.72	%	0.76%	0.73%	0.67	%	0.73%

On January 7, 2026, JPMorganChase announced that Chase will become the new issuer of Apple Card. The Firm entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card portfolio (the “Apple Card transaction”), with an expected closing date approximately 24 months thereafter. Refer to Notes 4, 13, 27 and 28 of JPMorganChase’s 2025 Form 10-K for additional information.

(a)Pre-provision profit, TBVPS and ROTCE are each non-GAAP financial measures. Tangible common equity (“TCE”) is also a non-GAAP financial measure. Refer to Explanation and Reconciliation of the Firm’s Use of Non-GAAP Financial Measures on pages 18-19 for a further discussion of these measures.

(b)Ratios are based upon annualized amounts.

(c)For the six months ended June 30, 2026 and 2025, the percentage represents average ratios for the three months ended June 30, 2026 and 2025.

(d)As of June 30, 2026, the Advanced total capital ratio was more binding on the Firm than the Standardized total capital ratio. At each of March 31, 2026 and December 31, 2025, the Advanced risk-based ratios were more binding on the Firm than the Standardized risk-based ratios. Refer to Capital Risk Management on pages 44-51 of this Form 10-Q and pages 89–99 of JPMorganChase’s 2025 Form 10-K for additional information.

(e)Included a $4.6 billion net gain related to Visa shares in Corporate and $1.0 billion of gains on certain equity investments in Corporate and CIB. Refer to Executive Overview on pages 5–8, and Notes 2 and 5 of this Form 10-Q for additional information.

(f)Included $2.2 billion associated with the Apple Card transaction. Refer to Note 13 of JPMorganChase’s 2025 Form 10-K for additional information.

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