JPM · 10-Q · 2026Q2 · Full report

Derivative Notional Growth

JPMORGAN CHASE & CO · 2026-08-06 · Importance 35 · Surprise 48

Total derivative notional amounts increased to $65.8 trillion at June 30, 2026 from $50.6 trillion at December 31, 2025, a 29.9% increase. Interest-rate contract notionals rose to $39.0 trillion from $29.5 trillion, while foreign-exchange contract notionals increased to $20.5 trillion from $15.6 trillion. Equity contract notionals increased to $4.0 trillion from $3.4 trillion, and credit derivatives increased to $1.6 trillion from $1.4 trillion. Trading-asset and liability derivative fair values also increased, with gross receivables rising to $690.6 billion and gross payables to $708.6 billion at June 30, 2026.

Key facts

• Total derivative notional amounts were $65,792 billion at June 30, 2026 and $50,642 billion at December 31, 2025. source
• Total interest rate contracts notional was $38,975 billion at June 30, 2026 and $29,536 billion at December 31, 2025, with swaps of $25,722 billion and $19,056 billion, respectively. source
• Total foreign exchange contracts notional was $20,503 billion at June 30, 2026 and $15,595 billion at December 31, 2025, with cross-currency swaps of $6,158 billion and $5,476 billion, respectively. source
• Total equity contracts notional was $4,031 billion at June 30, 2026 and $3,432 billion at December 31, 2025, with equity swaps of $1,455 billion and $1,147 billion, respectively. source