JPMorgan Chase reported second-quarter 2026 net income of $21.2 billion, or $7.70 per share, in results released July 14, 2026. Managed revenue reached $58.0 billion for the quarter, up 27% year over year. This post covers the firm’s revenue, profit, assets, business segments, customer metrics and capital returns, with every figure taken from JPMorgan’s own earnings releases and filings.
JPMorgan Chase Statistics
How Much Revenue Does JPMorgan Chase Make?
JPMorgan recorded reported revenue of $57.3 billion and managed revenue of $58.0 billion in the second quarter of 2026, based on its July 14, 2026 earnings release. Managed revenue rose 27% from Q2 2025, or 15% excluding a $4.6 billion net gain on Visa shares and $1.0 billion of gains on certain equity investments.
For full-year 2024, the firm reported revenue of $177.6 billion on a reported basis and $180.6 billion on a managed basis. On the January 13, 2026 earnings call, CFO Jeremy Barnum put full-year 2025 revenue at $185 billion, alongside net income of $57.5 billion and EPS of $20.18 excluding significant items.
| Quarter | Reported revenue ($M) | Net income ($M) | Diluted EPS ($) |
|---|---|---|---|
| Q2 2025 | 44,912 | 14,987 | 5.24 |
| Q3 2025 | 46,427 | 14,393 | 5.07 |
| Q4 2025 | 45,798 | 13,025 | 4.63 |
| Q1 2026 | 49,836 | 16,494 | 5.94 |
| Q2 2026 | 57,347 | 21,155 | 7.70 |
Source: JPMorgan Chase Q4 2025 and Q2 2026 earnings releases, quarterly periods Q2 2025 through Q2 2026
Net interest income was $25.6 billion in Q2 2026, up 10% year over year. Noninterest revenue reached $32.4 billion, up 45%, or up 20% excluding the significant items.
JPMorgan Chase Net Income and Profit Statistics
Q2 2026 net income of $21.2 billion rose 41% from the prior-year quarter, or 13% excluding the Visa and equity investment gains. Excluding those items, net income was $16.9 billion, or $6.14 per share, with a 23% return on tangible common equity.
Full-year 2025 net income came in at $57.0 billion, or $20.02 per share, against a record $58.5 billion, or $19.75 per share, in 2024. The 2025 figure absorbed a $2.2 billion credit reserve established in Q4 2025 for the forward purchase commitment of the Apple credit card portfolio, which cut Q4 EPS by $0.60.
| Full year | Net income ($B) | Diluted EPS ($) | ROTCE |
|---|---|---|---|
| 2024 | 58.5 | 19.75 | 22% |
| 2025 | 57.0 | 20.02 | 20% |
Source: JPMorgan Chase Q4 2024 and Q4 2025 earnings releases, full years 2024 and 2025
Return on equity was 24% in Q2 2026 and 17% for full-year 2025. Credit costs in Q2 2026 totaled $2.5 billion, with $2.4 billion of net charge-offs and a $149 million net reserve build.
JPMorgan Chase Assets and Balance Sheet
Total assets stood at $5.0 trillion as of June 30, 2026, with $375 billion in stockholders’ equity, per the firm’s Q2 2026 release. Six months earlier, at December 31, 2025, JPMorgan held $4.4 trillion in assets and $362 billion in equity.
| Date | Total assets | Stockholders’ equity |
|---|---|---|
| June 30, 2025 | $4.6 trillion | $357 billion |
| December 31, 2025 | $4.4 trillion | $362 billion |
| June 30, 2026 | $5.0 trillion | $375 billion |
Source: JPMorgan Chase Q2 2025, Q4 2025 and Q2 2026 earnings releases, period-end balances
Book value per share reached $133.01 at June 30, 2026, up 9% year over year, and tangible book value per share hit $113.35, up 10%. Basel III common equity Tier 1 capital totaled $303 billion, with a Standardized ratio of 14.1% and an Advanced ratio of 14.2%.
The firm held an estimated $1.5 trillion in cash and marketable securities at quarter-end, with average loans of $1.5 trillion. The supplementary leverage ratio was 5.5%.
JPMorgan Chase Revenue By Business Segment
The Commercial & Investment Bank was the largest segment by revenue in Q2 2026 at $24.9 billion on a managed basis, up 27% year over year. Consumer & Community Banking followed at $20.3 billion, up 8%, with Asset & Wealth Management at $6.9 billion, up 19%.
| Segment | Q2 2026 net revenue ($M) | Q2 2026 net income ($M) |
|---|---|---|
| Commercial & Investment Bank (CIB) | 24,853 | 9,678 |
| Consumer & Community Banking (CCB) | 20,272 | 5,311 |
| Asset & Wealth Management (AWM) | 6,851 | 1,957 |
| Corporate | 6,046 | 4,209 |
Source: JPMorgan Chase Q2 2026 earnings release, managed basis, three months ended June 30, 2026
Corporate revenue of $6.0 billion included the $4.6 billion Visa gain plus $763 million of the equity investment gains. Segment returns on equity for the quarter: AWM 48%, CCB 34%, CIB 22%.
Investment Banking and Markets
Investment Banking fees reached $3.3 billion in Q2 2026, up 30% year over year, with JPMorgan ranked #1 in Global Investment Banking fees at 9.3% wallet share year to date, according to Dealogic as of July 1, 2026. For full-year 2025, the firm held the #1 ranking with 8.4% wallet share.
Markets revenue was $12.1 billion in Q2 2026, up 35%. Equity Markets revenue rose 86% to $6.0 billion, while Fixed Income Markets revenue grew 6% to $6.1 billion.
JPMorgan Chase Customer Statistics
Chase opened 1.7 million net new checking accounts and 10.4 million new credit card accounts during 2025, per CEO Jamie Dimon’s comments in the Q4 2025 release. Wealth management households grew to over 3 million in the same year.
Debit and credit card sales volume, excluding Commercial Card, rose 10% year over year in Q2 2026. Active mobile customers, defined as users who logged in within the past 90 days, grew 6% over the same period.
Nearly 44,000 first-time investors joined J.P. Morgan Wealth Management in Q2 2026, a record for the firm per Dimon. The Card Services net charge-off rate was 3.34% for the quarter, against 3.14% in Q4 2025.
Assets Under Management and Client Assets
AWM assets under management reached $5.1 trillion at June 30, 2026, up 18% year over year, with total client assets of $7.7 trillion, up 19%. Long-term AUM net inflows totaled $50 billion in Q2 2026.
Client asset net inflows hit $553 billion across 2025, which JPMorgan described as a record year. AUM stood at $4.8 trillion at December 31, 2025.
JPMorgan Chase Dividend and Capital Returns
JPMorgan paid a common dividend of $4.0 billion, or $1.50 per share, in Q2 2026 and repurchased $6.2 billion of common stock net of employee issuances. The net payout ratio over the trailing twelve months was 73%.
In Q4 2025, the dividend was $4.1 billion, also $1.50 per share, alongside $7.9 billion of net buybacks and an 82% trailing-twelve-month net payout.
The firm raised approximately $1.9 trillion of credit and capital for clients in the first half of 2026, including $160 billion of credit for consumers and $17 billion for U.S. small businesses. Across full-year 2025, that figure was roughly $3.3 trillion.
JPMorgan Chase 2026 Outlook
JPMorgan guided to full-year 2026 net interest income of about $103 billion, with roughly $95 billion excluding Markets, on its January 13, 2026 earnings call. The firm also projected adjusted expenses of about $105 billion and a Card net charge-off rate of approximately 3.4% for 2026.
These are JPMorgan’s own projections as stated on that call, not third-party forecasts.
FAQs
How much money did JPMorgan Chase make in 2025?
JPMorgan Chase reported full-year 2025 net income of $57.0 billion, or $20.02 per diluted share, per its January 13, 2026 earnings release. Return on tangible common equity was 20% for the year.
How big is JPMorgan Chase in 2026?
JPMorgan Chase held $5.0 trillion in total assets and $375 billion in stockholders’ equity as of June 30, 2026, according to the firm’s Q2 2026 earnings release.
What was JPMorgan’s record quarter that Reddit finance communities discussed in July 2026?
Threads on Reddit’s investing subreddits centered on Q2 2026: net income of $21.2 billion and EPS of $7.70, which included a $4.6 billion Visa-related gain, per JPMorgan’s July 14, 2026 release.
Is the JPMorgan Apple Card reserve mentioned on Reddit accurate?
Yes. JPMorgan established a $2.2 billion credit reserve in Q4 2025 for the forward purchase commitment of the Apple credit card portfolio, reducing Q4 2025 EPS by $0.60, as stated in the firm’s earnings release.
How much dividend does JPMorgan Chase pay?
JPMorgan paid $1.50 per share in Q2 2026, totaling $4.0 billion, and repurchased $6.2 billion of common stock net in the quarter, per the Q2 2026 earnings release.
Sources
https://www.sec.gov/Archives/edgar/data/19617/000001961725000040/a4q24erfexhibit991narrative.htm
With many years of professional experience within transnational corporations in different industries, Richard Jaimes has had the opportunity to lead people and organizations, investigate future topics, create strategies and innovations, consult senior management and translate insights into business advantages. Richard is also a long time senior consultant with Quantumrun Foresight.
