JPMorganChase

JPM · Financials · Market cap $940B

Q1 FY26 Mar 31, 2026 reported May 1, 2026

Revenue$49.8B +10% year over year

Gross profit–

Operating profit$20.5B

Net profit$16.5B 33% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	49.8	100%	+10%
Commercial & Investment Bank	23.4	47%
Consumer & Community Banking	19.6	39%
Asset & Wealth Management	6.4	13%
Corporate	1.2	2%
Compensation	−15.3	31%	+0pp
Professional & outside services	−3.5	7%	+0pp
Occupancy & other	−3.4	7%	+0pp
Technology & equipment	−3	6%	+0pp
Provision for credit losses	−2.5	5%	+0pp
Marketing	−1.6	3%	+0pp
Operating profit	20.5	41% margin	+0pp
Tax	−4
Net profit	16.5	33%	+1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	45.8	100%	+7%
Principal transactions	27.2	59%
Equity	14.8	32%
Interest rate	4.2	9%
Occupancy & other	−4.6	36%	+0pp
Professional & outside services	−10.2	22%	+0pp
Technology & equipment	−9.2	20%	+0pp
Marketing	−4.6	10%	+0pp
Operating profit	17.2	37% margin	−3pp
Tax	−4.2
Net profit	13	28%	−4pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	46.4	100%	+9%
Commercial & Investment Bank	19.9	43%
Consumer & Community Banking	19.5	42%
Asset & Wealth Management	6.1	13%
Corporate	1.7	4%
Compensation	−13.6	29%	+0pp
Provision for credit losses	−3.4	7%	+0pp
Occupancy & other	−3.2	7%	+0pp
Professional & outside services	−3.2	7%	+0pp
Technology & equipment	−2.8	6%	+0pp
Marketing	−1.5	3%	+0pp
Operating profit	18.7	40% margin	+1pp
Tax	−4.3
Net profit	14.4	31%	+1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	45.3	100%	+8%
Commercial & Investment Bank	23.4	52%
Consumer & Community Banking	19.6	43%
Corporate	1.2	3%
Other	1.1	2%
Compensation	−14.1	31%	+0pp
Provision for credit losses	−3.3	7%	+0pp
Professional & outside services	−2.8	6%	+0pp
Occupancy & other	−2.8	6%	+0pp
Technology & equipment	−2.6	6%	+0pp
Marketing	−1.3	3%	+0pp
Operating profit	18.4	41% margin	−1pp
Tax	−3.8
Net profit	14.6	32%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Mar 31, 2026	May 1, 2026	$49.8B	+10%	41%	$16.5B	33%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 13, 2026	$45.8B	+7%	38%	$13B	28%
Q3 FY25	Jul 1 – Sep 30, 2025	Nov 4, 2025	$46.4B	+9%	40%	$14.4B	31%
Q1 FY25	Jan 1 – Mar 31, 2025	May 1, 2026	$45.3B	+8%	41%	$14.6B	32%