Sep 2026 (Q3 FY26) — Oct 13, 2026
JPMorgan Chase Q3 FY26 — Strong Performance Across Businesses with Capital Deployment Focus
Read the full callJPMorgan Chase (JPM) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
JPMorgan Chase earnings: last reported Tue, 13 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 21,155 | +41.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
5 of 5 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted expense | about $105 billion | Dec 2025 | The new adjusted expense outlook is about $107.5 billion, with the increase primarily due to higher volume and revenue-related expenses | Revised Down |
| CCB consumer deposit growth | modest growth, below the 6% Investor Day scenario | Dec 2025 | we talked about expecting low single-digit growth this year. And I think that expectation is still in effect. It's unchanged | On Track |
21 of JPMORGAN CHASE & CO's 26 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 24 more targets are in the full ledger.
Claimed
- Net income of $15.3 billion, with EPS of $5.57 and ROTCE of 20%.
- Revenue up 8% year-on-year to $50.9 billion, or 9% excluding net investment securities losses.
- CCB deposit growth of 4% year-on-year, with 650,000 net new checking accounts this quarter.
- CIB IB fees up 14% year-on-year, and Equities revenue up 49% year-on-year.
- AWM long-term net inflows of $51 billion, driving AUM up 13% year-on-year to $5.2 trillion.
Qualified
- Expenses up 12% year-on-year to $27.3 billion, driven by volume, revenue-related expenses, and wage inflation.
- Standardized CET1 ratio down 30 basis points quarter-on-quarter to 13.9% due to OCI losses, higher RWA, and capital distributions.
- Markets fixed income revenue down 4% year-on-year.
- Net reserve build of $539 million, contributing to credit costs of $2.7 billion.
Price
$333.53 −1.82% · −$6.19
Performance +12.1% 1Y
1Y: $297.56 on 17 Oct 2025 → $333.53. High $365.18 (12 Aug 2026), low $282.84 (27 Mar 2026).
- Previous close
- $339.72
- 52-week range
- $282.84 – $365.18
- One year
- +10.31%
Overview
- Symbol
- JPM
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
5 of 5 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted expense | about $105 billion | Dec 2025 | The new adjusted expense outlook is about $107.5 billion, with the increase primarily due to higher volume and revenue-related expenses | Revised Down |
| CCB consumer deposit growth | modest growth, below the 6% Investor Day scenario | Dec 2025 | we talked about expecting low single-digit growth this year. And I think that expectation is still in effect. It's unchanged | On Track |
Claimed
- Net income of $15.3 billion, with EPS of $5.57 and ROTCE of 20%.
- Revenue up 8% year-on-year to $50.9 billion, or 9% excluding net investment securities losses.
- CCB deposit growth of 4% year-on-year, with 650,000 net new checking accounts this quarter.
- CIB IB fees up 14% year-on-year, and Equities revenue up 49% year-on-year.
- AWM long-term net inflows of $51 billion, driving AUM up 13% year-on-year to $5.2 trillion.
Qualified
- Expenses up 12% year-on-year to $27.3 billion, driven by volume, revenue-related expenses, and wage inflation.
- Standardized CET1 ratio down 30 basis points quarter-on-quarter to 13.9% due to OCI losses, higher RWA, and capital distributions.
- Markets fixed income revenue down 4% year-on-year.
- Net reserve build of $539 million, contributing to credit costs of $2.7 billion.
The full ledger
Open JPMORGAN CHASE & CO’s full ledger
A free account opens 5 company ledgers a month. All 26 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 14, 2026
JPMorgan Chase & Co. Q2 FY26 — Strong Performance and Upward NII Outlook
Read the full callMar 2026 (Q1 FY26) — Apr 14, 2026
JPMorgan Chase Q1 FY26 — Strong Performance Across Businesses, Basel III Concerns
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
JPMorgan Chase earnings calls (JPM)
Financials
What the filings say
Net profit, year on year: +41% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Profit before tax | 16,978 | 17,375 | 18,408 | 18,284 | 18,743 | 17,160 | 20,479 | 27,516 |
| Tax rate | 24.0% | 19.4% | 20.4% | 18.0% | 23.2% | 24.1% | 19.5% | 23.1% |
| Net profit | 12,898 | 14,005 | 14,643 | 14,987 | 14,393 | 13,025 | 16,494 | 21,155 |
| EPS ($ per share) | 4.38 | — | 5.08 | 5.25 | 5.08 | — | 5.95 | 7.71 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4,105 | 4,105 | 4,105 | 4,105 | 4,105 | 4,105 | 4,105 | 4,105 |
| Reserves | 199,202 | 223,211 | 236,990 | 272,268 | 296,456 | 332,901 | 376,166 | 416,055 |
| Total liabilities | 2,366,017 | 2,426,049 | 3,105,403 | 3,449,440 | 3,373,411 | 3,547,515 | 3,658,056 | 4,062,462 |
| Fixed assets | 14,934 | 25,813 | 27,109 | 27,070 | 27,734 | — | — | — |
| Total assets | 2,622,532 | 2,686,477 | 3,384,757 | 3,743,567 | 3,665,743 | 3,875,393 | 4,002,814 | 4,424,900 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 15,614 | 4,092 | -79,910 | 78,084 | 107,119 | 12,974 | -42,012 | -147,782 |
| Cash from investing | -199,420 | -52,059 | -261,912 | -129,344 | -137,819 | 67,643 | -163,403 | -265,565 |
| Cash from financing | 34,158 | 32,987 | 596,645 | 275,993 | -126,257 | -25,571 | 63,447 | 269,533 |
| Net cash flow | -152,511 | -15,162 | 263,978 | 213,225 | -173,600 | 56,917 | -154,834 | -125,979 |
JPM operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Return on tangible common equity (ROTCE) | — | 20%So with that, turning to this quarter's results, the firm reported net income of $14.4 billion and EPS of $5.07 with an ROTCE of 20%.Source: earnings call transcript | 18%This quarter, the firm reported net income of $13 billion and EPS of $4.63 with an ROTCE of 18%.Source: earnings call transcript | 23%This quarter, the firm reported net income of $16.5 billion and EPS of $5.94 with an ROTC of 23%.Source: earnings call transcript | 23%Including the significant items noted on the page, the firm delivered net income of $16.9 billion, EPS of $6.14 and an ROTCE of 23%.Source: earnings call transcript | 20%The firm delivered net income of $15.3 billion, EPS of $5.57 and an ROTCE of 20%.Source: earnings call transcript | -3 pt |
| Common equity tier 1 ratio (CET1) | 15%We ended the quarter with a CET1 ratio of 15%, down 40 basis points versus the prior quarter as net income was more than offset by capital distributions and higher RWA.Source: earnings call transcript | 14.8%And in terms of the balance sheet, we ended the quarter with a CET1 ratio of 14.8%, down 30 basis points versus the prior quarter.Source: earnings call transcript | 14.5%And in terms of the balance sheet, we ended the quarter with a standardized CET1 ratio of 14.5%, down 30 basis points versus the prior quarter, as net income was more than offset by capital distributions and higher RWA.Source: earnings call transcript | 14.3%And in terms of the balance sheet, we ended the quarter with a standardized CET1 ratio of 14.3%, down 30 basis points versus the prior quarter as net income was more than offset by capital distributions and higher RWA.Source: earnings call transcript | 14.1%And in terms of the balance sheet, we ended the quarter with a standardized CET1 ratio of 14.1%, down 20 basis points versus the prior quarter as net income was more than offset by higher RWA and capital distributions.Source: earnings call transcript | 13.9%In terms of the balance sheet, we ended the quarter with a standardized CET1 ratio of 13.9%, down 30 basis points versus the prior quarter as net income was more than offset by OCI losses, higher RWA and capital distributions.Source: earnings call transcript | -0.2 pt |
| Long-term net inflows Asset & Wealth Management | $31BLong-term net inflows were $31 billion for the quarter led by fixed income and equities.Source: earnings call transcript | $72BLong-term net inflows were $72 billion for the quarter, led by fixed income and equities.Source: earnings call transcript | $52BLong-term net inflows were $52 billion for the quarter and $209 billion for the full year, positive across all channels, regions and asset classes.Source: earnings call transcript | $54BLong-term net inflows were $54 billion with continued strength across fixed income, equity and multi-asset.Source: earnings call transcript | $50BLong-term net inflows were $50 billion with continued strength across fixed income and equity.Source: earnings call transcript | $51BLong-term net inflows were $51 billion, largely driven by continued strength in fixed income.Source: earnings call transcript | +2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
142 filings between Oct 25, 2025 and Oct 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$126.35M
43 sales by 11 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 26
- Award — granted as compensation
- 37
- Option exercise — converted options into shares
- 24
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DIMON JAMES | — | $61.36M | Apr 15, 2026 |
| Rohrbaugh Troy L | — | $15.36M | Feb 19, 2026 |
| Erdoes Mary E. | — | $9.32M | May 15, 2026 |
| Piepszak Jennifer | — | $7.00M | May 5, 2026 |
| Lake Marianne | — | $6.31M | May 15, 2026 |
| BACON ASHLEY | — | $5.88M | May 5, 2026 |
| Petno Douglas B | — | $5.59M | May 15, 2026 |
| Friedman Stacey | — | $5.56M | Jun 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | BURKE STEPHEN B Director | Gift | 30,000 | $0 |
| Sep 30, 2026 | NOVAKOVIC PHEBE N Director | Award | 121 | $40.0K |
| Sep 30, 2026 | Rometty Virginia M Director | Award | 121 | $40.0K |
| Sep 30, 2026 | HOBSON MELLODY L Director | Award | 136 | $45.0K |
| Sep 30, 2026 | BURKE STEPHEN B Director | Award | 170 | $56.2K |
| Sep 10, 2026 | Leopold Robin Head of Human Resources | Sale 10b5-1 plan | 2,500 | $882.0K |
| Aug 11, 2026 | Leopold Robin Head of Human Resources | Sale 10b5-1 plan | 2,500 | $903.5K |
| Jul 27, 2026 | Friedman Stacey General Counsel | Gift | 166 | $0 |
| Jul 24, 2026 | Petno Douglas B Co-President; CEO CIB | Gift | 864 | $0 |
| Jun 30, 2026 | NOVAKOVIC PHEBE N Director | Award | 122 | $40.0K |
| Jun 30, 2026 | Rometty Virginia M Director | Award | 122 | $40.0K |
| Jun 30, 2026 | HOBSON MELLODY L Director | Award | 137 | $45.0K |
| Jun 30, 2026 | BURKE STEPHEN B Director | Award | 172 | $56.2K |
| Jun 22, 2026 | Friedman Stacey General Counsel | Sale 10b5-1 plan | 5,467 | $1.81M |
| May 20, 2026 | Friedman Stacey General Counsel | Sale 10b5-1 plan | 5,468 | $1.64M |
| May 15, 2026 | Erdoes Mary E. CEO Asset & Wealth Management | Sale 10b5-1 plan | 6,648 | $1.98M |
| May 15, 2026 | Lake Marianne CEO CCB | Sale 10b5-1 plan | 6,427 | $1.92M |
| May 15, 2026 | Beer Lori A Chief Information Officer | Sale 10b5-1 plan | 3,165 | $949.7K |
| May 15, 2026 | Petno Douglas B Co-CEO CIB | Sale 10b5-1 plan | 5,659 | $1.70M |
| May 14, 2026 | Petno Douglas B Co-CEO CIB | Gift 10b5-1 plan | 135,027 | $0 |
| May 14, 2026 | Petno Douglas B Co-CEO CIB | Gift 10b5-1 plan | 135,027 | $0 |
| May 5, 2026 | Piepszak Jennifer Chief Operating Officer | Sale 10b5-1 plan | 4,919 | $1.52M |
| May 5, 2026 | Barnum Jeremy Chief Financial Officer | Sale 10b5-1 plan | 3,022 | $935.0K |
| May 5, 2026 | BACON ASHLEY Chief Risk Officer | Sale 10b5-1 plan | 4,070 | $1.26M |
| Apr 15, 2026 | DIMON JAMES Chairman & CEO | Sale 10b5-1 plan | 130,488 | $40.00M |
| Apr 15, 2026 | Piepszak Jennifer Chief Operating Officer | Sale 10b5-1 plan | 9,136 | $2.80M |
| Apr 15, 2026 | Petno Douglas B Co-CEO CIB | Sale 10b5-1 plan | 5,660 | $1.74M |
| Apr 15, 2026 | Lake Marianne CEO CCB | Sale 10b5-1 plan | 6,427 | $1.97M |
| Apr 15, 2026 | Beer Lori A Chief Information Officer | Sale 10b5-1 plan | 3,166 | $970.7K |
| Apr 15, 2026 | Barnum Jeremy Chief Financial Officer | Sale 10b5-1 plan | 5,611 | $1.72M |
| Apr 15, 2026 | Erdoes Mary E. CEO Asset & Wealth Management | Sale 10b5-1 plan | 12,345 | $3.78M |
| Apr 15, 2026 | BACON ASHLEY Chief Risk Officer | Sale 10b5-1 plan | 7,558 | $2.32M |
| Mar 31, 2026 | Rometty Virginia M Director | Award | 136 | $40.0K |
| Mar 31, 2026 | NOVAKOVIC PHEBE N Director | Award | 136 | $40.0K |
| Mar 31, 2026 | HOBSON MELLODY L Director | Award | 153 | $45.0K |
| Mar 31, 2026 | BURKE STEPHEN B Director | Award | 191 | $56.3K |
| Mar 25, 2026 | Piepszak Jennifer Chief Operating Officer | Tax withheld | 29,405 | $8.68M |
| Mar 25, 2026 | Piepszak Jennifer Chief Operating Officer | Option exercise | 57,515 | $0 |
| Mar 25, 2026 | Petno Douglas B Co-CEO CIB | Tax withheld | 28,009 | $8.26M |
| Mar 25, 2026 | Leopold Robin Head of Human Resources | Tax withheld | 13,768 | $4.06M |
| Mar 25, 2026 | Leopold Robin Head of Human Resources | Option exercise | 24,895 | $0 |
| Mar 25, 2026 | Lake Marianne CEO CCB | Tax withheld | 31,806 | $9.38M |
| Mar 25, 2026 | Lake Marianne CEO CCB | Option exercise | 57,515 | $0 |
| Mar 25, 2026 | Friedman Stacey General Counsel | Tax withheld | 27,058 | $7.98M |
| Mar 25, 2026 | Friedman Stacey General Counsel | Option exercise | 48,929 | $0 |
| Mar 25, 2026 | Petno Douglas B Co-CEO CIB | Option exercise | 50,648 | $0 |
| Mar 25, 2026 | Erdoes Mary E. CEO Asset & Wealth Management | Tax withheld | 46,997 | $13.87M |
| Mar 25, 2026 | Erdoes Mary E. CEO Asset & Wealth Management | Option exercise | 84,984 | $0 |
| Mar 25, 2026 | DIMON JAMES Chairman & CEO | Tax withheld | 177,222 | $52.29M |
| Mar 25, 2026 | DIMON JAMES Chairman & CEO | Option exercise | 320,473 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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