Income StatementBalance SheetCash FlowSegments
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JPMorgan Chase Business Segments

Business, geographic, and product segment breakdowns

JPMorgan Chase generates $186.97B in annual revenue across 3 key segments: All other (-$1.8B), Interchange and merchant processing income ($36.9B), and Rewards costs and partner payments (-$30.4B). Based on the Q1 2026 filing.

All other (TTM)-$1.8BInterchange and merchant processing income (TTM)$36.9BRewards costs and partner payments (TTM)-$30.4B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$820.95B
P/E Ratio13.94
ROE16.46%

Products & Services

Card income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interchange and merchant processing income$9.0B$8.4B$9.2B$9.2B$9.4B$9.1B
Rewards costs and partner payments-$7.0B-$6.8B-$7.4B-$7.6B-$8.0B-$7.5B
All other-$360.0M-$397.0M-$465.0M-$464.0M-$456.0M-$442.0M

Geographic

Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All other$87.9B$83.9B$87.7B$88.5B$93.3B$89.7B

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$1.3B$1.4B$1.4B$1.4B$1.4B—
Latin America/Caribbean$497.5M$508.8M$508.8M$508.8M$508.8M—
North America$14.6B$13.8B$13.8B$13.8B$13.8B—

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$903.8M$1.0B$1.0B$1.0B$1.0B—
Latin America/Caribbean$378.0M$390.3M$390.3M$390.3M$390.3M—
North America$11.7B$11.1B$11.1B$11.1B$11.1B—

Noninterest Expense And Provision For Loan Lease And Other Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$1.7B$2.1B$2.1B$2.1B$2.1B—
Latin America/Caribbean$473.8M$545.0M$545.0M$545.0M$545.0M—
North America$20.2B$21.1B$21.1B$21.1B$21.1B—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$3.0B$3.5B$3.5B$3.5B$3.5B—
Latin America/Caribbean$971.3M$1.1B$1.1B$1.1B$1.1B—
North America$34.8B$34.9B$34.9B$34.9B$34.9B—

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$296.4B———$343.5B—
Latin America/Caribbean$73.6B———$96.8B—
North America$3.1T———$3.3T—
United Kingdom$369.0B———$449.0B—

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe/Middle East/Africa$1.7B$1.7B$1.7B$1.7B$1.7B—

2026

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$222.7B$224.1B$222.2B$210.7B$223.6B$237.4B
Non-US$89.4B$87.7B$89.6B$83.7B$85.9B$94.4B

2027

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$749.0M$660.0M$660.0M$812.0M$746.0M$857.0M
Non-US$87.0M$115.0M$119.0M$1.0M$0.0$0.0

2028

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$482.0M$465.0M$422.0M$177.0M$195.0M$430.0M
Non-US$2.0M$4.0M$3.0M$0.0$0.0$0.0

2029

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$149.0M$402.0M$465.0M$512.0M$612.0M$455.0M
Non-US$18.0M$45.0M$14.0M$0.0$0.0$0.0

2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$314.0M$444.0M$376.0M$326.0M$156.0M$338.0M
Non-US$721.0M$694.0M$908.0M$0.0$0.0$0.0

After 5 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$162.0M$172.0M$164.0M$149.0M$130.0M$424.0M
Non-US$129.0M$133.0M$130.0M$122.0M$118.0M$264.0M

Time Deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$224.5B$226.2B$224.3B$212.7B$225.4B$240.0B
Non-US$90.4B$88.6B$90.8B$83.9B$86.0B$94.7B

Business Segments

Average equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank—$149.5B$149.5B$149.5B—$166.5B
Consumer & Community Banking—$56.0B$56.0B$56.0B—$61.5B
Asset & Wealth Management—$16.0B$16.0B$16.0B—$16.0B

Client assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset & Wealth Management$5.9T———$7.1T—

Compensation expense allocation recorded in noncompensation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank—$1.2B———$1.2B
Consumer & Community Banking—$789.0M———$814.0M
Asset & Wealth Management—$269.0M———$300.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$32.1B$32.1B$32.1B$32.1B$32.1B$32.1B
Commercial & Investment Bank$11.2B$11.2B$11.3B$11.3B$11.3B$11.3B
Asset & Wealth Management$8.5B$8.6B$8.6B$8.6B$8.6B$8.6B

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$8.8B$9.1B$9.2B$9.3B$10.0B$11.8B
Consumer & Community Banking$6.0B$5.8B$6.9B$6.6B$4.9B$6.5B
Asset & Wealth Management$2.0B$2.0B$2.0B$2.2B$2.4B$2.2B

Income Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$2.2B$2.2B$2.5B$2.4B$2.7B$2.7B
Consumer & Community Banking$1.5B$1.4B$1.7B$1.6B$1.3B$1.6B
Asset & Wealth Management$524.0M$445.0M$508.0M$531.0M$638.0M$456.0M

Labor and Related Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$4.0B$5.1B$5.0B$4.9B$4.1B$5.7B
Consumer & Community Banking$4.3B$4.4B$4.3B$4.4B$4.5B$4.6B
Asset & Wealth Management$2.1B$2.1B$2.1B$2.2B$2.3B$2.3B

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$6.6B$6.9B$6.7B$6.9B$7.3B$9.0B
Consumer & Community Banking$4.5B$4.4B$5.2B$5.0B$3.6B$5.0B
Asset & Wealth Management$1.5B$1.6B$1.5B$1.7B$1.8B$1.8B

Net Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$13.9B$14.1B$14.4B$14.9B$14.8B$14.7B
Commercial & Investment Bank$5.9B$5.8B$5.7B$6.1B$7.0B$8.0B
Asset & Wealth Management$1.7B$1.7B$1.7B$1.7B$1.7B$1.7B

Noncompensation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$5.4B$5.5B$5.5B$5.9B$5.8B$6.4B
Commercial & Investment Bank$4.7B$4.7B$4.6B$4.9B$4.9B$5.4B
Asset & Wealth Management$1.7B$1.6B$1.6B$1.7B$1.8B$1.8B

Noninterest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$8.7B$9.8B$9.6B$9.7B$9.0B$11.1B
Consumer & Community Banking$9.7B$9.9B$9.9B$10.3B$10.3B$11.0B
Asset & Wealth Management$3.8B$3.7B$3.7B$3.8B$4.1B$4.2B

Other income/(expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$11.7B$13.8B$13.8B$13.8B$12.4B$15.4B
Consumer & Community Banking$4.5B$4.2B$4.5B$4.6B$4.6B$4.8B
Asset & Wealth Management$4.1B$4.0B$4.1B$4.3B$4.8B$4.6B

Overhead ratio

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset & Wealth Management—65.0%65.0%63.0%—65.0%
Consumer & Community Banking—54.0%52.0%53.0%—56.0%
Commercial & Investment Bank—50.0%49.0%49.0%—48.0%

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$2.6B$2.6B$2.1B$2.5B$4.2B$2.1B
Commercial & Investment Bank$61.0M$705.0M$696.0M$809.0M$405.0M$482.0M
Asset & Wealth Management-$35.0M-$10.0M$46.0M$59.0M$2.0M-$24.0M

Revenues, Net of Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$17.6B$19.7B$19.5B$19.9B$19.4B$23.4B
Consumer & Community Banking$18.4B$18.3B$18.8B$19.5B$19.4B$19.6B
Asset & Wealth Management$5.8B$5.7B$5.8B$6.1B$6.5B$6.4B

Segment Reporting Information, Return on average common equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset & Wealth Management1.0%39.0%36.0%40.0%1.0%44.0%
Consumer & Community Banking1.0%31.0%36.0%35.0%—32.0%
Commercial & Investment Bank—18.0%17.0%18.0%—21.0%

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$1.8T$2.2T$2.3T$2.3T$2.1T$2.6T
Consumer & Community Banking$650.3B$636.1B$652.4B$652.3B$664.7B$656.1B
Asset & Wealth Management$255.4B$258.4B$269.0B$282.3B$288.1B$299.2B

Allowance for credit losses associated with accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$268.0M$283.0M$288.0M$285.0M$288.0M$286.0M

Senior securities purchased in connection with CIB's secondary market-making activities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & Investment Bank$256.0M$186.0M$172.0M$154.0M$188.0M$4.2B

Changes in MSR asset fair value due to collection/realization of expected cash flows

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking-$272.0M-$260.0M-$271.0M-$265.0M-$269.0M-$269.0M

Changes in MSR asset fair value due to market interest rates and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$536.0M-$100.0M$59.0M-$3.0M$92.0M$56.0M

Derivative, Gain (Loss) on Derivative, Net, Real Estate Mortgages Related, and Other Adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking-$525.0M$136.0M-$6.0M$24.0M—-$53.0M

Mortgage fees and related income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$368.0M$263.0M$347.0M$372.0M$344.0M$303.0M

Operating Revenue, Net, Real Estate Mortgages

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$161.0M$144.0M$149.0M$144.0M$149.0M$140.0M

Operating Revenue, Servicing Fees, Net, Real Estate Mortgages

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$433.0M$404.0M$420.0M$409.0M$418.0M$409.0M

Production revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$186.0M$110.0M$151.0M$173.0M$188.0M$178.0M

Risk Management Revenue, Changes In Fair Value Of Mortgage Servicing Rights Resulting From Changes In Other Valuation Inputs Or Changes In Assumptions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$10.0M-$27.0M-$6.0M$34.0M-$1.0M-$18.0M

Risk Management Revenue, Net, Real Estate Mortgages

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$21.0M$9.0M$47.0M$55.0M$7.0M-$15.0M

Servicing Revenue, Net, Real Estate Mortgages

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer & Community Banking$182.0M$153.0M$196.0M$199.0M$156.0M$125.0M