JP Morgan Chase & (JPM) Q2 2026 Earnings
How Did JPM Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.46%.
Did JPM Beat Earnings? Q2 2026 Results
Yes. JP Morgan Chase & reported Q2 2026 earnings of $7.70 a share on Jul 14, 2026, beating the $5.80 consensus estimate by 32.8%. Revenue was $57.3B against a $51.3B estimate.
JPMorgan Chase delivered a blowout second quarter, posting earnings of $7.70 per diluted share against a consensus estimate of $5.80, a beat of 32.76%, while revenue of $57.35 billion topped expectations of $51.30 billion by 11.78%. The headline numbers were substantially lifted by a $4.60 billion net gain tied to a Visa Class C share exchange offer, though even stripping out that item and $1.00 billion in equity investment gains, adjusted EPS of $6.14 represented a 13% year-over-year increase with a return on tangible common equity of 23%. The Commercial and Investment Bank was the engine of organic strength, with net revenue surging 27% to $24.85 billion; equity markets revenue alone jumped 86% to $6.03 billion, and investment banking fees climbed 30% to $3.30 billion. Asset and Wealth Management added further momentum, with AUM reaching $5.14 trillion on strong net inflows. Analysts had broadly anticipated a strong quarter for JPMorgan given resilient capital markets activity and favorable net interest income trends heading into the print.
- Elevated market activity driving 35% Markets revenue growth, with Equity Markets up 86%
- Investment Banking fees up 30% to highest level since 2021, driven by strong equity underwriting up 78%
- Higher revolving Card Services balances driving 12% Card Services & Auto revenue growth
- Card annual fees grew more than 30% reflecting product refreshes and premium product demand
- AUM growth to $5.1 trillion driven by higher market levels and $50 billion of long-term AUM net inflows
- Net interest income up 10% driven by higher deposit balances, revolving balances, and wholesale loan balances
- Payments revenue up 12% driven by higher deposit balances and fee growth
- Average loans up 10% YoY and average deposits up 7% YoY
- Asset management fees up 16% to $4.2 billion on higher average market levels and strong net inflows
- Advisory revenue of $1.0 billion up 20% YoY
- Assets under custody of $44.9 trillion, up 18% YoY
“The Firm reported very strong results in the quarter, generating net income of $16.9 billion and an ROTCE of 23%, excluding gains related to Visa and certain equity investments. These results were the product of a particularly favorable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment and thoughtful capital deployment.”
JP Morgan Chase & CEO, on the earnings call
JPM YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $57.3B | $69.9B | −18.0% |
| Net Income | $21.2B | $15.0B | +41.2% |
| Operating Income | $30.0B | $18.3B | +64.3% |
JPM Revenue by Segment
When Does JP Morgan Chase & Report Next?
Figures from SEC filings and company reports. Not investment advice.