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JPMorgan Chase (JPM) Q2 FY2026 earnings: revenue $57.3 billion, up 27.7% on the year

JPMorgan Chase & Co. (JPM) reported revenue of $57.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 27.7% on the same quarter a year earlier. Net income was $21.2 billion, up 41.2% on the year, and diluted earnings per share $7.70. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue
$57.3 billion
+27.7% on the year · +15.1% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
n/a
Q3 FY2024Q2 FY2026
Net income
$21.2 billion
+41.2% on the year · +28.3% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$7.70
+46.9% on the year · +29.6% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Net income rose 41% on Visa gain: Net income was $21.2 billion, up 41%. Excluding significant items, net income was up 13%. The significant items were a $4.6 billion net gain on Visa shares in Corporate and $1.0 billion of gains on certain equity investments.
  • Revenue rose 27%, 15% excluding items: Net revenue was $58.0 billion, up 27%. Excluding significant items, net revenue was up 15%. Net interest income was $25.6 billion, up 10%, and noninterest revenue was $32.4 billion, up 45%.
  • CIB revenue up 27%, net income 46%: CIB net income was $9.7 billion, up 46%, on net revenue of $24.9 billion, up 27%. Banking & Payments revenue was $11.2 billion, up 21%, and Markets & Securities Services revenue was $13.7 billion, up 33%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Revenue57,34749,83644,912+15.1%+27.7%
Pre-tax income27,51620,47918,284+34.4%+50.5%
Income tax6,3613,9853,297+59.6%+92.9%
Effective tax rate23.1%19.5%18.0%
Net income21,15516,49414,987+28.3%+41.2%
Net margin36.9%33.1%33.4%
Diluted EPS$7.70$5.94$5.24+29.6%+46.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow-25,283-211,76129,547
Cash from investing6,393-217,769-173,060
Cash from financing18,802400,677122,804-95.3%-84.7%
Depreciation and amortisation2,3172,3642,210-2.0%+4.8%
Share-based compensation1,1671,173959-0.5%+21.7%
Buybacks6,7888,3257,506-18.5%-9.6%
Dividends paid4,3424,3744,205-0.7%+3.3%
Dividend per share$1.50$1.50$1.400.0%+7.1%
Diluted shares, weighted2,694m2,720m2,794m-1.0%-3.6%
Shares outstanding at period end2,658m2,680m2,750m-0.8%-3.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity374,598364,038356,924+2.9%+5.0%
Deposits2,713,7002,675,5202,562,380+1.4%+5.9%
Repurchase agreements704,918716,623595,340-1.6%+18.4%
Trading liabilities275,136247,836221,402+11.0%+24.3%
Debt1,237,8711,233,4351,080,435+0.4%+14.6%
Total liabilities and equity5,015,0694,900,4754,552,482+2.3%+10.2%
Goodwill52,71152,70652,747+0.0%-0.1%
Intangible assetsn/an/a1,500
Securities held for sale or to maturity804,522821,179745,939-2.0%+7.9%
Loans1,516,3101,477,5921,387,039+2.6%+9.3%
Resale agreements446,143482,704470,589-7.6%-5.2%
Securities borrowed362,487284,524223,976+27.4%+61.8%
Cash and equivalents309,811312,142420,327-0.7%-26.3%
Other assets1,523,0851,469,6281,250,365+3.6%+21.8%
Total assets5,015,0694,900,4754,552,482+2.3%+10.2%

Questions

What was JPMorgan Chase's revenue in Q2 FY2026?

JPMorgan Chase (JPM) reported revenue of $57.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 27.7% on the same quarter a year earlier.

How much did JPMorgan Chase earn in Q2 FY2026?

Net income for Q2 FY2026 was $21.2 billion, up 41.2% on the year, and diluted earnings per share $7.70.

When did JPMorgan Chase report Q2 FY2026 results?

JPMorgan Chase filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 6 August 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue29,25730,71730,71532,71634,54738,34941,30739,87438,57441,93450,20042,65442,76845,31044,91246,42745,79849,83657,34750,172
Interest expense1,4181,6243,5188,09312,86216,29319,86521,83023,33324,356n/an/an/an/an/an/an/an/an/an/a
Pre-tax income12,65710,06310,86512,00113,23715,96717,58616,73311,32617,29323,43516,97817,37518,40818,28418,74317,16020,47927,51620,134
Tax rate18%18%20%19%17%21%18%21%18%22%23%24%19%20%18%23%24%19%23%24%
Net income10,3998,2828,6499,73711,00812,62214,47213,1519,30713,41918,14912,89814,00514,64314,98714,39313,02516,49421,15515,305
Net margin36%27%28%30%32%33%35%33%24%32%36%30%33%32%33%31%28%33%37%31%
Diluted EPS$3.34$2.63$2.76$3.12$3.58$4.10$4.75$4.33$3.05$4.44$6.12$4.37$4.82$5.07$5.24$5.07$4.63$5.94$7.70$5.57
Operating cash flow85,095-41,91766,018-18,204101,222-111,24118,86545,11960,231-154,15838,469-74,081147,758-251,83929,547-45,214119,724-211,761-25,28333,161
Buybacks2,1222,4557070.00.02,6902,4772,3822,2752,8325,3366,3614,3017,5287,5068,2938,2648,3256,7881,109
Dividends paid3,3863,4303,3443,4123,3763,3743,2773,3863,4263,4933,7773,6553,8583,8234,2054,1804,4174,3744,3424,322
Shares outstanding2,944m2,937m2,933m2,933m2,934m2,922m2,906m2,891m2,877m2,872m2,845m2,815m2,798m2,779m2,750m2,722m2,696m2,680m2,658m2,656m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 6 August 2026: the filing.