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JPMorgan Chase (JPM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · JPMorgan Chase (JPM) Q3 2026 earnings results →
Q3 2026 Revenue up 8% year over year to $50.2B · 31¢ of every $1 of revenue kept as net profit · operating margin 40.1%
JPMorgan Chase made $50.2B in Q3 2026 (+8% Y/Y). Operating margin 40.1%, net earnings $15.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $50.2B in Q3 2026, up 8% year over year and down 13% from the previous quarter.
Operating profit was $20.1B, a 40.1% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 37% reached operating profit, below the 40% margin then. Total costs grew 9% against revenue growth of 8%. The fastest-growing cost line was Sales & marketing (+30%). Net earnings were $15.3B, up 6% year over year. The effective tax rate was 24.0%.
Operating cash flow was $33.2B, 217% of net earnings. Non-cash charges added back $2.9B of depreciation and amortization and $1.1B of share-based compensation. Working capital and other items added $13.8B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $50.2B | +8% | 40.1% | $15.3B | $33.2B |
| Q2 2026 | 10-Q | Aug 6, 2026 | $57.3B | +28% | 48.0% | $21.2B | −$25.3B |
| Q1 2026 | 10-Q | May 1, 2026 | $49.8B | +10% | 41.1% | $16.5B | −$211.8B |
| Q4 2025 | 10-K | Feb 13, 2026 | $45.8B | +7% | 37.5% | $13.0B | $119.7B |
| Q3 2025 | 10-Q | Nov 4, 2025 | $46.4B | +9% | 40.4% | $14.4B | −$45.2B |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- ACR — 2% of its revenue · Stated in 10-K (sentence) · source
- BILL · Stated in 10-K (named, share not stated) · source
- RMCF · Stated in 10-K (named, share not stated) · source
Buys from
- RIVN — 36% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- NLOP — 13% of the supplier’s revenue · Stated in 10-K (sentence) · source
About JPMorgan Chase
JPMorgan Chase & Co. (“JPMorganChase” or the “Firm”, NYSE: JPM), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362.4 billion in stockholders’ equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally.
In its own words, from its 10-K, filed Feb 13, 2026.
JPMorgan Chase against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +8%. Operating margin: 40.1% against the peers' median 32.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
| HBAN Huntington Bancshares | Q3 2026 | $2.8B | +31% | 32.1% |
Source: JPMorgan Chase 10-Q on SEC EDGAR · CIK 19617 · National Commercial Banks
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More on JPM
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results