JPMORGAN CHASE & CO

For the period ended Sep 30, 2026. Filed Nov 3, 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.

Sep 30, 2026 · Filed Nov 3, 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)	Nine months ended Sep 30,
3Q26 · 2Q26 · 1Q26 · 4Q25 · 3Q25 · 2026 · 2025
Selected income statement data
Total net revenue	$50,172	$57,347(e)		$49,836	$45,798		$46,427	$157,355(e)		$136,649
Total noninterest expense	27,295	27,316		26,850	23,983		24,281	81,461		71,657
Pre-provision profit(a)	22,877	30,031		22,986	21,815		22,146	75,894		64,992
Provision for credit losses	2,743	2,515		2,507	4,655(f)		3,403	7,765		9,557
Income before income tax expense	20,134	27,516		20,479	17,160		18,743	68,129		55,435
Income tax expense	4,829	6,361		3,985	4,135		4,350	15,175		11,412
Net income	$15,305	$21,155		$16,494	$13,025		$14,393	$52,954		$44,023
Earnings per share data
Net income: Basic	$5.58	$7.71		$5.95	$4.64		$5.08	$19.24		$15.41
Diluted	5.57	7.70		5.94	4.63		5.07	19.20		15.38
Average shares: Basic	2,678.6	2,689.9		2,716.2	2,735.3		2,762.4	2,694.9		2,790.2
Diluted	2,683.0	2,694.2		2,720.2	2,740.5		2,767.6	2,699.1		2,795.2
Market and per common share data
Market capitalization	$878,555	$870,104		$788,205	$868,793		$858,683	$878,555		$858,683
Common shares at period-end	2,655.6	2,658.2		2,679.5	2,696.2		2,722.2	2,655.6		2,722.2
Book value per share	$132.30	$133.01		$128.38	$126.99		$124.96	$132.30		$124.96
Tangible book value per share (“TBVPS”)(a)	112.64	113.35		108.87	107.56		105.70	112.64		105.70
Cash dividends declared per share	1.65	1.50		1.50	1.50		1.50	4.65		4.30
Selected ratios and metrics
Return on common equity (“ROE”)(b)	17%	24	%	19%	15	%	17%	20	%	17%
Return on tangible common equity (“ROTCE”)(a)(b)	20	29		23	18		20	24		21
Return on assets(b)	1.21	1.70		1.41	1.14		1.26	1.44		1.34
Overhead ratio	54	48		54	52		52	52		52
Loans-to-deposits ratio	57	57		56	58		56	57		56
Firm Liquidity coverage ratio (“LCR”) (average)(c)	113	110		112	111		110	113		110
JPMorgan Chase Bank, N.A. LCR (average)(c)	119	118		120	115		117	119		117
Common equity Tier 1 (“CET1”) capital ratio – Standardized(d)	14.0	14.2		14.3	14.6		14.8	14.0		14.8
Tier 1 capital ratio – Standardized(d)	14.9	15.1		15.2	15.5		15.8	14.9		15.8
Total capital ratio – Standardized(d)	16.9	17.0		17.2	17.4		17.7	16.9		17.7
Tier 1 leverage ratio(c)	6.5	6.6		6.6	6.9		6.9	6.5		6.9
Supplementary leverage ratio (“SLR”)(c)	5.5	5.5		5.6	5.8		5.8	5.5		5.8
Selected balance sheet data (period-end)
Trading assets	$1,093,352	$1,062,072		$1,069,335	$802,873		$952,777	$1,093,352		$952,777
Investment securities, net of allowance for credit losses	821,755	804,522		821,179	777,332		783,945	821,755		783,945
Loans	1,584,641	1,542,462		1,503,520	1,493,429		1,435,246	1,584,641		1,435,246
Total assets	5,091,545	5,015,069		4,900,475	4,424,900		4,560,205	5,091,545		4,560,205
Deposits	2,780,793	2,713,700		2,675,520	2,559,320		2,548,476	2,780,793		2,548,476
Long-term debt	460,160	460,523		448,764	435,206		427,203	460,160		427,203
Common stockholders’ equity	351,328	353,558		343,993	342,393		340,167	351,328		340,167
Total stockholders’ equity	372,368	374,598		364,038	362,438		360,212	372,368		360,212
Employees	322,964	320,560		320,079	318,512		318,153	322,964		318,153
Credit quality metrics
Allowances for credit losses	$32,048	$31,531		$31,383	$31,230		$29,089	$32,048		$29,089
Allowance for loan losses to total retained loans	1.75%	1.79	%	1.82%	1.83	%	1.88%	1.75	%	1.88%
Nonperforming assets	$9,996	$9,849		$10,049	$10,359		$10,635	$9,996		$10,635
Net charge-offs	2,204	2,366		2,316	2,514		2,593	6,886		7,335
Net charge-off rate	0.59%	0.66	%	0.67%	0.72	%	0.76%	0.64	%	0.74%

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 19-20 for a further discussion of these measures.

(b)Ratios are based upon annualized amounts.

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

(d)At each of September 30, 2026 and 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 45-52 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, both recorded in the second quarter of 2026. Refer to Consolidated Results of Operations on pages 9-14 and Note 5 for additional information.

(f)Included $2.2 billion associated with the Apple Card transaction. Refer to Note 12 of this Form 10-Q and Note 13 of JPMorganChase’s 2025 Form 10-K for additional information.

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