JPM · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
JPMORGAN CHASE & CO · 2026-08-06 · Importance 62 · Surprise 58 · No source text
Firmwide managed net revenue increased 18% year over year to $108.6 billion for the six months ended June 30, 2026, including a $4.6 billion net gain related to Visa shares and $763 million of gains on certain equity investments. Second-quarter managed net revenue rose 27% to $58.0 billion, while Markets net revenue increased 35% to $12.1 billion and non-Markets revenue increased 31% to $45.9 billion. For the first six months, Commercial & Investment Bank revenue rose 23% to $48.2 billion, Consumer & Community Banking revenue rose 7% to $39.8 billion, and Asset & Wealth Management revenue rose 15% to $13.2 billion. CIB represented approximately 44% of firmwide managed revenue in the first half, compared with approximately 43% in the prior-year period, reflecting stronger investment banking, Markets and Payments results.
Key facts
- Noninterest revenue was $31,836 million for the three months ended June 30, 2026 and $21,703 million for the three months ended June 30, 2025. source
- Total net revenue was $57,347 million for the three months ended June 30, 2026 and $44,912 million for the three months ended June 30, 2025. source
- Income before income tax expense was $27,516 million for the three months ended June 30, 2026 and $18,284 million for the three months ended June 30, 2025. source
- Net income was $21,155 million for the three months ended June 30, 2026 and $14,987 million for the three months ended June 30, 2025. source
- Net income applicable to common stockholders was $20,752 million for the three months ended June 30, 2026 and $14,630 million for the three months ended June 30, 2025. source
- For the six months ended June 30, 2026, net income was $37,649 million versus $29,630 million for the six months ended June 30, 2025. source
- For the six months ended June 30, 2026, total net revenue was $107,183 million versus $90,222 million for the six months ended June 30, 2025. source
- Total net revenue for the three months ended June 30, 2026: $57,347 million, up 28% year-over-year versus $44,912 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +29.6% | For the six months ended June 30, 2026, total net revenue was $107,183 million versus $90,222 million for the six months ended June 30,… |
| revenue | positive | realized | +21.7% | Total net revenue was $57,347 million for the three months ended June 30, 2026 and $44,912 million for the three months ended June 30, 2025. |
| operating_income | positive | realized | +16.1% | Income before income tax expense was $27,516 million for the three months ended June 30, 2026 and $18,284 million for the three months… |
| operating_income | positive | realized | +15.5% | Pre-provision profit for the three months ended June 30, 2026: $30,031 million, versus $21,133 million in the prior-year period |
| net_income | positive | realized | +14.0% | For the six months ended June 30, 2026, net income was $37,649 million versus $29,630 million for the six months ended June 30, 2025. |
| net_income | positive | realized | +10.8% | Net income was $21,155 million for the three months ended June 30, 2026 and $14,987 million for the three months ended June 30, 2025. |
| net_income | positive | realized | +4.4% | Net income for Corporate was $4,209 million for the three months ended June 30, 2026 (compared with $1,695 million). |
| revenue | positive | realized | +1.9% | Total net revenue (Firm) for the three months ended June 30 was $6,851 million (compared with $5,760 million). |
| net_income | positive | realized | — | Basic earnings per share were $7.71 for the three months ended June 30, 2026 and $5.25 for the three months ended June 30, 2025; diluted… |
| revenue | positive | realized | — | Total net revenue (Firm) for the three months ended June 30, 2026: $58,022 million (managed basis). |
| revenue | positive | realized | — | Total net revenue (Firm) for the six months ended June 30, 2026: $108,558 million (managed basis). |
| operating_income | positive | realized | — | Pre-provision profit (Firm) for the three months ended June 30, 2026: $30,706 million (managed basis). |