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JPMorgan Chase (JPM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
JPMorgan Chase (JPM) reported revenue of $57.3B for the second quarter 2026 (Q2 2026), +28% from a year earlier and +15% from the quarter before. Operating margin was 48.0%, net earnings $21.2B (36.9% of revenue).
JPMorgan Chase, Q2 2026: revenue $57.3B (+28% year over year), operating margin 48.0%, net earnings $21.2B, operating cash flow −$25.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.3B | +15% | +28% |
| Operating profit | $27.5B | +34% | +50% |
| Net earnings | $21.2B | +28% | +41% |
| Operating cash flow | −$25.3B | — | — |
What changed
Revenue was $57.3B in Q2 2026, up 28% year over year and up 15% from the previous quarter.
Operating profit was $27.5B, a 48.0% margin (up 7.3 points year over year). Of the extra revenue versus a year earlier, 74% reached operating profit, above the 41% margin then. Total costs grew 12% against revenue growth of 28%. The fastest-growing cost line was Sales & marketing (+31%). Net earnings were $21.2B, up 41% year over year. The effective tax rate was 23.1%.
Operating cash flow was −$25.3B. Non-cash charges added back $2.3B of depreciation and amortization and $1.2B of share-based compensation. Working capital and other items used $49.9B.
Questions
What was JPMorgan Chase's revenue in the second quarter 2026?
JPMorgan Chase (JPM) reported revenue of $57.3B for the second quarter 2026 (Q2 2026), +28% from a year earlier and +15% from the quarter before.
Was JPMorgan Chase profitable in the second quarter 2026?
Operating profit was $27.5B (48.0% of revenue) and net earnings $21.2B.
Source: JPMorgan Chase 10-Q on SEC EDGAR.