Operating Expenses

Pension Expense

JPMorgan Chase Pension Expense decreased by 24.4% to $332.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.3%, from $370.00M to $332.00M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ1 2026May 1, 2026

How to read this metric

Higher expenses reduce operating profit, while significant credits may indicate overfunded plans or favorable actuarial adjustments.

Detailed definition

This metric captures the total periodic cost or credit recognized in the income statement related to defined benefit pen...

Peer comparison

Standardized as 'Net Periodic Benefit Cost' in financial reporting for companies with legacy pension obligations.

Metric ID: jpm_pension_and_postretirement_expense

Historical Data

15 periods
 Q2 '21Q3 '21Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q1 '26
Value$290.00M$262.00M$280.00M$282.00M$342.00M$271.00M$303.00M$299.00M$275.00M$328.00M$347.00M$370.00M$450.00M$439.00M$332.00M
QoQ Change-9.7%+6.9%+0.7%+21.3%-20.8%+11.8%-1.3%-8.0%+19.3%+5.8%+6.6%+21.6%-2.4%-24.4%
YoY Change-2.8%+30.5%-3.2%+7.4%-12.6%+1.5%+8.3%+16.1%+34.5%+37.2%+26.5%-10.3%
Range$262.00M$450.00M
CAGR+3.9%
Avg YoY Growth+11.1%
Median YoY Growth+7.8%
Current Streak2 quarters decline

Frequently Asked Questions

What is JPMorgan Chase's pension expense?
JPMorgan Chase (JPM) reported pension expense of $332.00M in Q1 2026.
How has JPMorgan Chase's pension expense changed year-over-year?
JPMorgan Chase's pension expense decreased by 10.3% year-over-year, from $370.00M to $332.00M.
What does pension expense mean?
The net expense or income recognized for employee pension and postretirement benefit plans.