JPM · 10-Q · 2026Q2 · Full report
Markets and Securities Services Activity
JPMORGAN CHASE & CO · 2026-08-06 · Importance 59 · Surprise 48 · No source text
Markets and Securities Services revenue increased 26% year over year to $26.6 billion for the six months ended June 30, 2026, from $21.2 billion. Markets revenue increased 27% to $23.6 billion, led by Equity Markets revenue growth of 49% to $10.5 billion and Fixed Income Markets revenue growth of 14% to $13.1 billion. For the quarter, Equity Markets revenue increased 86% to $6.0 billion, driven by strong performance across products and regions, while Fixed Income Markets revenue increased 6% to $6.1 billion. Securities Services revenue increased 17% to $3.2 billion, reflecting fee growth from higher market levels and client activity and higher average deposits.
Key facts
- Markets revenue was up 35% year-over-year, with Fixed Income Markets up 6% and Equity Markets up 86%. source
- Principal transactions revenue totaled $9,007 million for the three months ended June 30, 2026. source
- Markets revenue for three months ended June 30, 2026: $12,078 million. source
- Markets revenue (Total Markets net revenue) for the three months ended June 30, 2026: $12,078 million. source
- Equity Markets revenue for the three months ended June 30, 2026: $6,025 million. source
- Fixed Income Markets revenue for the three months ended June 30, 2026: $6,053 million. source
- Total AUC (Assets under custody) at period-end for Markets as of June 30, 2026: $44,869 billion. source
- Markets revenue year-to-date for the six months ended June 30, 2026: $23,637 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Markets revenue was up 35% year-over-year, with Fixed Income Markets up 6% and Equity Markets up 86%. |
| revenue | positive | realized | — | Principal transactions revenue totaled $9,007 million for the three months ended June 30, 2026. |
| revenue | unclear | realized | — | Markets revenue for three months ended June 30, 2026: $12,078 million. |
| revenue | unclear | realized | — | Markets revenue (Total Markets net revenue) for the three months ended June 30, 2026: $12,078 million. |
| revenue | unclear | realized | — | Equity Markets revenue for the three months ended June 30, 2026: $6,025 million. |
| revenue | unclear | realized | — | Fixed Income Markets revenue for the three months ended June 30, 2026: $6,053 million. |
| revenue | positive | realized | — | Markets revenue year-to-date for the six months ended June 30, 2026: $23,637 million. |
| assets | unclear | realized | — | Trading assets – total fair value of trading assets and liabilities (first table) gross derivative receivables were $689,155 million and… |