Income Tax
JPMorgan Chase Income Tax decreased by 3.6% to $3.99B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $3.77B to $3.99B. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 8.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.15B | $2.42B | $2.26B | $1.78B | $2.22B | $2.26B | $2.23B | $3.35B | $3.11B | $3.58B | $2.02B | $3.87B | $5.29B | $4.08B | $3.37B | $3.77B | $3.30B | $4.35B | $4.14B | $3.99B |
| QoQ Change | — | -23.0% | -6.8% | -21.1% | +24.4% | +2.2% | -1.5% | +50.1% | -6.9% | +15.0% | -43.6% | +91.9% | +36.4% | -22.8% | -17.4% | +11.7% | -12.4% | +31.9% | -4.9% | -3.6% |
| YoY Change | — | — | — | — | -29.6% | -6.6% | -1.3% | +87.8% | +40.5% | +58.2% | -9.4% | +15.8% | +69.7% | +13.9% | +66.9% | -2.8% | -37.6% | +6.6% | +22.7% | +5.8% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Corporate Investment Bank | $2.47B | $2.26B | $2.80B | $2.18B | $2.55B | $2.45B | $2.69B | $2.72B |
| Consumer Community Banking | $1.42B | $1.36B | $1.50B | $1.40B | $1.74B | $1.63B | $1.25B | $1.56B |
| Assetand Wealth Management | $426.00M | $445.00M | $524.00M | $445.00M | $508.00M | $531.00M | $638.00M | $456.00M |
| Total | $5.29B | $4.08B | $3.37B | $3.77B | $3.30B | $4.35B | $4.14B | $3.99B |
Commercial Banking was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is JPMorgan Chase's income tax?
- JPMorgan Chase (JPM) reported income tax of $3.99B in Q1 2026.
- How has JPMorgan Chase's income tax changed year-over-year?
- JPMorgan Chase's income tax increased by 5.8% year-over-year, from $3.77B to $3.99B.
- What is the long-term trend for JPMorgan Chase's income tax?
- Over 4 years (2021 to 2025), JPMorgan Chase's income tax has grown at a 8.5% compound annual growth rate (CAGR), from $11.23B to $15.55B.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.