JPM · 10-Q · 2026Q2 · Full report

Markets Client Activity Growth

JPMORGAN CHASE & CO · 2026-08-06 · Importance 64 · Surprise 56 · Matches filing data

Markets revenue increased 35% year over year, with Equity Markets revenue up 86% and Fixed Income Markets revenue up 6%. Equity Markets growth was driven by Equity Derivatives, Prime Finance and Cash, while quarterly principal transactions revenue also benefited from higher client activity in Equity Derivatives, Prime Finance and Cash. Trading assets increased to $1.1 trillion from $802.9 billion at year-end, primarily because of higher equity and debt instruments used in client-driven market-making. Securities borrowed increased because of higher demand for securities to cover short positions, and accrued interest and accounts receivable rose primarily from client-driven Markets activity, including prime brokerage.

Key facts

• Equity Markets revenue for the three months ended June 30, 2026: $6,025 million, up 86% year-over-year. source
• CIB: Markets revenue up 35% with Fixed Income Markets up 6% and Equity Markets up 86% (Q2 2026) source
• Fixed Income Markets revenue for the three months ended June 30, 2026: $6,053 million, up 6% year-over-year. source
• Total Markets net revenue for the three months ended June 30, 2026: $12,078 million. source

Impact estimates