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JPMorgan Chase (JPM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
JPMorgan Chase (JPM) reported revenue of $50.2B for the third quarter 2026 (Q3 2026), +8% from a year earlier and -13% from the quarter before. Operating margin was 40.1%, net earnings $15.3B (30.5% of revenue).
JPMorgan Chase, Q3 2026: revenue $50.2B (+8% year over year), operating margin 40.1%, net earnings $15.3B, operating cash flow $33.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.2B | -13% | +8% |
| Operating profit | $20.1B | -27% | +7% |
| Net earnings | $15.3B | -28% | +6% |
| Operating cash flow | $33.2B | — | — |
What changed
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.
Questions
What was JPMorgan Chase's revenue in the third quarter 2026?
JPMorgan Chase (JPM) reported revenue of $50.2B for the third quarter 2026 (Q3 2026), +8% from a year earlier and -13% from the quarter before.
Was JPMorgan Chase profitable in the third quarter 2026?
Operating profit was $20.1B (40.1% of revenue) and net earnings $15.3B.
Source: JPMorgan Chase 10-Q on SEC EDGAR.