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Get filing alertsJPMorgan Chase reports Q2 2026 net income of $21.2B, up 41% on $4.6B Visa gain
Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
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high
Net income reached $21.2B ($7.70/share), up 41% YoY; excluding a $4.6B Visa stock exchange gain and $1.0B equity investment gains, net income was $16.9B ($6.14/share), up 13%.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
high
Commercial & Investment Bank revenue surged 27% to $24.9B, with Investment Banking fees up 30% to $3.3B (highest since 2021) and Equity Markets revenue up 86% to $6.0B on strong client activity.
Exhibit 99.1 view on EDGAR → -
high
Returned $10.2B to shareholders via $4.0B dividend ($1.50/share) and $6.2B net share repurchases; LTM net payout ratio of 73%.
Exhibit 99.1 view on EDGAR → -
medium
Asset & Wealth Management revenue rose 19% to $6.9B on higher management fees; AUM reached $5.1T (up 18%) and client assets $7.7T (up 19%) on market gains and net inflows.
Exhibit 99.1 view on EDGAR → -
medium
CET1 capital ratio declined to 14.1% from 15.1% a year earlier as risk-weighted assets grew to $2.14T from $1.88T, reflecting balance sheet expansion; ratio remains well above regulatory minimums.
Exhibit 99.2 view on EDGAR →
Summary
JPMorgan Chase delivered a standout second quarter, with net income jumping 41% to $21.2 billion ($7.70 per share) from $15.0 billion a year earlier. The headline figure includes a $4.6 billion gain from exchanging Visa Class B-2 shares for Class C common stock and $1.0 billion in equity investment gains.
Stripping out these one-time items, core net income still rose 13% to $16.9 billion, reflecting broad-based strength across the franchise. The Commercial & Investment Bank posted record revenue of $24.9 billion, up 27%, with Investment Banking fees hitting their highest level since 2021 and Equity Markets revenue nearly doubling on elevated client activity.
Asset & Wealth Management also set a revenue record at $6.9 billion, up 19%, as assets under management climbed to $5.1 trillion. Credit quality remained stable, with net charge-offs of $2.4 billion essentially flat year-over-year and a modest $149 million reserve build. The firm returned $10.2 billion to shareholders through dividends and buybacks, maintaining a 73% payout ratio over the trailing twelve months. The CET1 capital ratio declined to 14.1% from 15.1% a year ago as risk-weighted assets expanded to $2.14 trillion, reflecting balance sheet growth, but the ratio remains comfortably above regulatory requirements. The quarter underscores JPMorgan's ability to capitalize on robust capital markets activity while sustaining strong performance in wealth management and maintaining disciplined credit underwriting.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
JPMorgan Chase reported Q2 2026 net income of $21.2B ($7.70/share), up 41% from Q2 2025's $15.0B ($5.24/share).
Added in current filing · verify on EDGAR →
JPMorgan Chase & Co. (“JPMorganChase” or the “Firm”) reported 2026 second quarter net income of $21.2 billion, or $7.70 per share, compared with net income of $15.0 billion, or $5.24 per share, in the second quarter of 2025.
JPMorgan Chase reported second quarter 2026 net income of $21.2 billion, or $7.70 per share, representing a 41% increase from the prior year's second quarter net income of $15.0 billion, or $5.24 per share. This substantial year-over-year improvement reflects strong operating performance across the firm's businesses.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Net income was $21.2 billion, up 41%, or up 13% excluding significant items. ... The significant items, each in the current quarter, consisted of a $4.6 billion net gain related to Visa shares in Corporate as well as $1.0 billion of gains on certain equity investments, of which $763 million was in Corporate and $263 million was in CIB. Net revenue was $58.0 billion, up 27%, or up 15% excluding significant items.
JPMorgan Chase reported second-quarter 2026 net income of $21.2 billion ($7.70 per share), up 41% year-over-year, driven by strong performance across all business segments and significant one-time gains. Excluding a $4.6 billion net gain related to Visa shares and $1.0 billion of gains on certain equity investments, net income was $16.9 billion ($6.14 per share), up 13%. Net revenue was $58.0 billion, up 27%, or up 15% excluding the significant items.
Added in current filing · view on EDGAR →
Net revenue was $ ... 24.9 billion, up 27%. Banking & Payments revenue was $11.2 billion, up 21%. Investment Banking revenue was $3.9 billion, up 45%, predominantly driven by higher Investment Banking fees and net gains on equity investments. Investment Banking fees were $3.3 billion, up 30%, driven by higher fees across all products, with particularly strong performance in equity underwriting fees. ... Markets & Securities Services revenue was $13.7 billion, up 33%. Markets revenue was $12.1 billion, up 35%. Fixed Income Markets revenue was $6.1 billion, up 6%, driven by higher revenue in Credit, Currencies & Emerging Markets and Rates, partially offset by lower revenue in Commodities. Equity Markets revenue was $6.0 billion, up 86%, driven by strong performance across products and regions.
The Commercial & Investment Bank delivered record revenue of $24.9 billion, up 27% year-over-year, with particularly strong performance in Markets and Investment Banking. Investment Banking fees jumped 30% to $3.3 billion, the highest level since 2021, driven by strength across all products. Markets revenue surged 35% to $12.1 billion, with Equity Markets up 86% on elevated client activity and strong trading performance, while Fixed Income Markets rose 6%.
Added in current filing · view on EDGAR →
The provision for credit losses was $2.5 billion. Net charge-offs were $2.4 billion, down $44 million. The net reserve build was $149 million, primarily in Wholesale. In the prior year, the provision was $2.8 billion, net charge-offs were $2.4 billion and the net reserve build was $439 million.
Credit costs totaled $2.5 billion in the quarter, with net charge-offs of $2.4 billion (down slightly year-over-year) and a modest $149 million net reserve build, primarily in Wholesale. This compares to a $439 million net reserve build in the prior-year quarter, indicating relatively stable credit conditions.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
NET INCOME $ 21,155 $ 16,494 $ 13,025 $ 14,393 $ 14,987 28 41 $ 37,649 $ 29,630 27
JPMorgan Chase reported Q2 2026 net income of $21.2 billion, up 41% from Q2 2025's $15.0 billion. The quarter included a $4.6 billion net gain related to Visa Class C common stock received in an exchange offer following the Firm's tender of 18.6 million shares of Visa Class B-2 common stock accepted by Visa Inc. on May 11, 2026. Additionally, the quarter included $1.0 billion of gains on certain equity investments ($763 million in Corporate and $263 million in CIB).
Added in current filing · view on EDGAR → · paraphrased
TOTAL NET REVENUE $ 57,347 (e) $ 49,836 $ 45,798 $ 46,427 $ 44,912 15 % 28 % $ 107,183 (e) $ 90,222 19 %
Total net revenue for Q2 2026 was $57.3 billion, up 28% from Q2 2025's $44.9 billion. The increase was driven by the Visa gain and equity investment gains noted above, as well as strong performance across business segments. For the six months ended June 30, 2026, total net revenue was $107.2 billion, up 19% from $90.2 billion in the prior-year period.
Added in current filing · view on EDGAR →
Commercial & Investment Bank 24,853 23,379 19,375 19,878 19,535 6 27 48,232 39,201 23
The Commercial & Investment Bank segment reported Q2 2026 net revenue of $24.9 billion, up 27% from Q2 2025's $19.5 billion, and net income of $9.7 billion, up 46% from $6.7 billion. Investment banking fees were $3.2 billion, up 28% year-over-year. The strong performance reflects increased client activity and favorable market conditions.
Added in current filing · view on EDGAR →
Provision for credit losses 2,515 2,507 4,655 (g) 3,403 2,849 — (12) 5,022 6,154 (18)
The provision for credit losses in Q2 2026 was $2.5 billion, down 12% from Q2 2025's $2.8 billion. Net charge-offs for Q2 2026 were $2.4 billion, relatively flat year-over-year.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify