JPM · 8-K · 20261013PR065582

Trading Revenue Demand Trends

JPMORGAN CHASE & CO · 2026-10-13 · Importance 64 · Surprise 56

Markets revenue increased 15% year over year, driven predominantly by a 49% increase in Equity Markets revenue. Equity performance was strongest in Prime and Derivatives, indicating elevated client activity in those products. Fixed Income Markets revenue declined 4%, with lower revenue in Commodities, Rates, Credit and Public Finance partly offset by higher Currencies & Emerging Markets revenue.

Key facts

• Markets revenue: $10.3 billion, up 15%, predominantly driven by higher Equity Markets revenue. source
• Markets revenue up 15% year-over-year; Fixed Income Markets down 4% and Equity Markets up 49%. source
• Markets revenue consists of principal transactions, fees, commissions and other income, as well as net interest income (definition note). source