JPM · 10-Q · 2026Q2 · Full report
Principal Transactions Growth
JPMORGAN CHASE & CO · 2026-08-06 · Importance 59 · Surprise 48 · Matches filing data
Principal transactions revenue increased 26% to $9,007 million in the second quarter of 2026 from $7,149 million in the prior-year period. Equity revenue rose to $5,984 million from $3,836 million, while interest-rate revenue increased to $1,875 million from $1,596 million and credit revenue increased to $1,636 million from $1,326 million. Six-month principal transactions revenue reached $16,994 million, up 15% from $14,763 million, reflecting stronger activity across equity, rates, credit, foreign exchange and commodities markets.
Key facts
- Principal transactions revenue was $9,007 million for the three months ended June 30, 2026 and $7,149 million for the three months ended June 30, 2025. source
- Principal transactions revenue — three months ended June 30, 2026: Interest rate $1,875 million, Foreign exchange $1,636 million, Equity $5,984 million, Commodity $1,326 million, Total $9,007 million. source
- Principal transactions revenue — six months ended June 30, 2026: Interest rate $2,342 million, Foreign exchange $2,951 million, Equity $10,043 million, Total $16,994 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +15.7% | Principal transactions revenue — three months ended June 30, 2026: Interest rate $1,875 million, Foreign exchange $1,636 million, Equity… |
| revenue | positive | realized | +3.2% | Principal transactions revenue was $9,007 million for the three months ended June 30, 2026 and $7,149 million for the three months ended… |