JPM · 10-Q · 2026Q2 · Full report
Capital Return Program
JPMORGAN CHASE & CO · 2026-08-06 · Importance 37 · Surprise 6 · No source text
JPMorgan repurchased $15.146 billion of treasury stock during the six months ended June 30, 2026, compared with $15.185 billion in the prior-year period. Second-quarter repurchases totaled $6.768 billion, compared with $7.574 billion in the second quarter of 2025. Common stock dividends paid during the first six months totaled $8.100 billion, compared with $7.835 billion in the prior-year period, reflecting a quarterly dividend of $1.50 per share versus $1.40. Total dividends paid in financing cash flows were $8.716 billion for the six months ended June 30, 2026, while preferred stock issuance and redemption were $3.000 billion and $2.000 billion, respectively.
Key facts
- Retained earnings were $445,020 million at June 30, 2026 and $416,055 million at December 31, 2025; common stock dividends of $1.50 per share and $1.40 per share were paid in the periods (three months) resulting in $4,033 million and $3,897 million in dividend payments, respectively. source
- Treasury stock, at cost, was $178,433 million representing 1,446,747,700 shares at June 30, 2026 (versus $164,591 million and 1,408,661,319 shares at December 31, 2025). source
- On June 24, 2026, the Board authorized a new $50 billion common share repurchase program, effective July 1, 2026. source
- On June 24, 2026, the Board announced its intent to increase the quarterly common stock dividend to $1.65 per share for the third quarter of 2026. source
- Treasury stock repurchased was $15,113 million for the six months ended June 30, 2026 and $15,034 million for the six months ended June 30, 2025; dividends paid were $8,716 million and $8,028 million, respectively. source
- During the three months ended June 30, 2026, the Firm repurchased 21.7 million shares at an aggregate purchase price of $6,703 million. source
- For the six months ended June 30, 2026, the Firm repurchased 49.3 million shares at an aggregate purchase price of $15,031 million. source
- On May 18, 2026, the Board declared a quarterly common stock dividend of $1.50 per share, payable on July 31, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.8% | On June 24, 2026, the Board authorized a new $50 billion common share repurchase program, effective July 1, 2026. |
| cash | negative | realized | -0.3% | Treasury stock repurchased was $15,113 million for the six months ended June 30, 2026 and $15,034 million for the six months ended June… |
| cash | negative | realized | -0.3% | Treasury stock, at cost, was $178,433 million representing 1,446,747,700 shares at June 30, 2026 (versus $164,591 million and… |
| cash | negative | realized | -0.2% | Treasury stock repurchased was $15,113 million for the six months ended June 30, 2026 and $15,034 million for the six months ended June… |
| cash | negative | realized | -0.1% | During the three months ended June 30, 2026, the Firm repurchased 21.7 million shares at an aggregate purchase price of $6,703 million. |
| cash | negative | realized | -0.1% | Retained earnings were $445,020 million at June 30, 2026 and $416,055 million at December 31, 2025; common stock dividends of $1.50 per… |
| cash | negative | committed | — | On June 24, 2026, the Board announced its intent to increase the quarterly common stock dividend to $1.65 per share for the third quarter… |
| cash | negative | committed | — | On May 18, 2026, the Board declared a quarterly common stock dividend of $1.50 per share, payable on July 31, 2026. |