JPM · 10-Q · 2026Q2 · Full report

Outstanding Indebtedness

JPMORGAN CHASE & CO · 2026-08-06 · Importance 69 · Surprise 64 · In source text

Total short-term secured funding increased 53.6% to $765.0 billion at June 30, 2026 from $498.0 billion at December 31, 2025, primarily because Markets required more financing for client-driven market-making and trading assets. Securities sold under repurchase agreements rose 59.8% to $692.1 billion, while long-term unsecured funding increased 7.2% to $387.4 billion, including structured notes of $152.5 billion. The Firm issued $25.3 billion of long-term unsecured funding during the first six months of 2026, including $20.3 billion of senior notes and $3.0 billion of subordinated debt, compared with $18.1 billion in the prior-year period. Structured-note issuance was $22.6 billion in the first six months of 2026, versus $54.0 billion in the first six months of 2025, while $36.5 billion matured or was redeemed.

Key facts

• Long-term debt at period-end June 30, 2026: $460,523 million. source
• Total liabilities at June 30, 2026: $4,640,471 million. source
• Long-term debt at June 30, 2026: $460,523 million (included $156,056 million at fair value). source
• Proceeds from long-term borrowings during the six months ended June 30, 2026: $85,466 million; payments of long-term borrowings: $59,953 million. source
• Principal-protected long-term debt contractual principal outstanding was $91,759 million with fair value $79,494 million (fair value under contractual principal outstanding $12,265 million) at June 30, 2026. source
• Preferred stock dividends were $308 million and $282 million for the three months ended June 30, 2026 and 2025, respectively. source
• Preferred stock dividends were $584 million and $537 million for the six months ended June 30, 2026 and 2025, respectively. source

Impact estimates