The company said net income for Q1 2026 rose 13% to $16.5 billion, with earnings per share of $5.94, return on equity (ROE) of 19% and return on tangible common equity (ROTCE) of 23%. The comparison is with Q1 2025.

10-QQuarterly reportFiled May 1, 2026Period of report Mar 31, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

The company said net income for Q1 2026 rose 13% to $16.5 billion, with earnings per share of $5.94, return on equity (ROE) of 19% and return on tangible common equity (ROTCE) of 23%. The comparison is with Q1 2025.
JPMorganChase said net interest income (NII) for Q1 rose 9% to $25.4 billion, and NII excluding Markets rose 3% to $23.3 billion. It said noninterest revenue (NIR) increased 11% to $24.5 billion, and that there was no $588 million First Republic-related gain this period, which was recorded in the prior year.
The company said noninterest expense for Q1 increased 14% to $26.9 billion. It cited higher compensation expense, including revenue-related compensation and headcount growth, as well as higher brokerage expense and distribution fees, higher marketing investment and higher auto lease depreciation as factors.
The company said its provision for credit losses for Q1 was $2.5 billion and net charge-offs were $2.3 billion, down $16 million. Total allowance for credit losses was $31.4 billion as of March 31, 2026, and the allowance for loan losses to retained loans ratio was 1.82%, compared with 1.94% a year earlier.

Key figures

Quarter ended March 31, 2026

Revenue: $49.8B
Net income: $16.5B
EPS: $5.94
Operating cash flow: −$211.8B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

JPMorganChase net income and earnings per share for Q1 2026

The company said net income for Q1 2026 rose 13% to $16.5 billion, with earnings per share of $5.94, return on equity (ROE) of 19% and return on tangible common equity (ROTCE) of 23%. The comparison is with Q1 2025.

Source · Based on the MD&A text of the filing

Net interest income and noninterest revenue mix

JPMorganChase said net interest income (NII) for Q1 rose 9% to $25.4 billion, and NII excluding Markets rose 3% to $23.3 billion. It said noninterest revenue (NIR) increased 11% to $24.5 billion, and that there was no $588 million First Republic-related gain this period, which was recorded in the prior year.

Source · Based on the MD&A text of the filing

Higher noninterest expense and company explanation

The company said noninterest expense for Q1 increased 14% to $26.9 billion. It cited higher compensation expense, including revenue-related compensation and headcount growth, as well as higher brokerage expense and distribution fees, higher marketing investment and higher auto lease depreciation as factors.

Source · Based on the MD&A text of the filing

Provision for credit losses and allowance

The company said its provision for credit losses for Q1 was $2.5 billion and net charge-offs were $2.3 billion, down $16 million. Total allowance for credit losses was $31.4 billion as of March 31, 2026, and the allowance for loan losses to retained loans ratio was 1.82%, compared with 1.94% a year earlier.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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