Q1 26 EPS
$5.94
Q1 26 Revenue
$49.84B
Did JPM Beat Earnings? Q1 2026 Results
JPMorgan Chase opened 2026 on a strong footing, posting first-quarter earnings per share of $5.94, up 17% from a year ago, as revenue reached $49.84 billion on broad-based momentum across every major business segment. Net income climbed 13% year-over… Read more JPMorgan Chase opened 2026 on a strong footing, posting first-quarter earnings per share of $5.94, up 17% from a year ago, as revenue reached $49.84 billion on broad-based momentum across every major business segment. Net income climbed 13% year-over-year to $16.49 billion, reflecting the firm's ability to generate growth even as macroeconomic uncertainty lingers. The clearest engine behind the quarter was the Commercial & Investment Bank, where revenue rose 19% to $23.38 billion and net income jumped 30% to $9.04 billion, fueled by a 20% surge in Markets revenue to $11.60 billion and a 28% jump in investment banking fees to $2.88 billion. Advisory fees were a particular standout, rising 82% to $1.27 billion. Credit quality also improved, with provisions for credit losses declining to $2.51 billion from $3.31 billion a year earlier. Capital returns remained substantial, with the firm distributing $4.10 billion in dividends and repurchasing $8.10 billion in shares while maintaining a CET1 ratio of 14.3%.
Key Takeaways
- • Markets revenue reached record $11.6 billion, up 20% YoY driven by strong client activity in Commodities, Credit, and Currencies & Emerging Markets
- • Investment banking fees up 28% driven by stronger advisory (up 82%) and equity underwriting (up 46%) activity
- • Card Services net interest income growth on higher revolving balances
- • Higher asset management fees in AWM and CCB on strong net inflows and higher market levels
- • Payments revenue grew 12% on higher deposit balances and fee growth
- • Net interest income excluding Markets up 3% on higher deposit and revolving balances, predominantly offset by lower rates
- • Provision for credit losses declined 24% YoY to $2.5 billion
- • Net interest income managed basis up 9% YoY to $25.5 billion
- • Markets net interest income surged 180% YoY to $2.2 billion
JPM YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
JPM Revenue by Segment
With YoY comparisons, source: SEC Filings
“The Firm delivered strong results in the first quarter, reporting net income of $16.5 billion.”
— Jamie Dimon, Q1 2026 Earnings Press Release
JPM Earnings Trends
JPM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
JPM EPS Trend
Earnings per share: estimate vs actual
JPM Revenue Trend
Quarterly revenue: estimate vs actual
JPM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.94 | — | $49.84B | — |
| Q4 25 MISS FY | $4.82 | $4.63 | -3.94% | $45.80B | — |
| FY Full Year | $20.01 | $20.02 | +0.07% | $182.45B | -0.26% |
| Q3 25 BEAT | $4.87 | $5.07 | +4.01% | $46.43B | +1.87% |
| Q2 25 BEAT | $4.47 | $5.24 | +17.27% | $44.91B | +2.11% |
| Q1 25 BEAT | $4.65 | $5.07 | +9.15% | $45.31B | +2.65% |