Net Income Growth
JPMorgan Chase reported net income of $16.5B in Q1 FY2026, up 12.6% from $14.6B in the prior-year period, reflecting continued earnings power across its diversified business lines.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
JPMorgan Chase delivered strong Q1 FY2026 results with net income rising 12.6% YoY to $16.5B and diluted EPS up 17.2% to $5.94, supported by a 12.5% expansion in total assets to $4.9T.
EPS (Diluted)
$5.94
+17.16% YoY
Source: SEC XBRL
Jpmorgan Chase & Co (JPM) used $211.76B of cash in operations in Q1 FY2026. JPM's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 6.14 | 5.91 | Beat +4.0% |
| Mar 2026This filing | 5.94 | 5.50 | Beat +8.0% |
| Dec 2025 | 5.23 | 5.05 | Beat +3.5% |
| Sep 2025 | 5.07 | 4.88 | Beat +3.8% |
Reported EPS of $5.94 versus the $5.50 analyst consensus — a +8.0% beat for Mar 2026.
Compiled by AI from this SEC filing
JPMorgan Chase reported net income of $16.5B in Q1 FY2026, up 12.6% from $14.6B in the prior-year period, reflecting continued earnings power across its diversified business lines.
Source: 10-Q Income Statement
Basic EPS rose 17.1% YoY to $5.95 and diluted EPS increased 17.2% to $5.94, outpacing net income growth and suggesting meaningful share count reduction through buybacks of $8.3B in the quarter.
Source: 10-Q Income Statement
Total assets grew 12.5% YoY to $4.9T, while stockholders' equity increased a more modest 3.6% to $364.0B, indicating significant balance sheet leverage consistent with large-bank operations.
Source: 10-Q Balance Sheet
JPMorgan returned capital via $4.4B in dividends (up 14.4% YoY) and $8.3B in share buybacks (up 10.6% YoY), totaling approximately $12.7B in shareholder distributions during Q1 FY2026.
Source: 10-Q Cash Flow Statement
Investing cash outflows deepened significantly to -$217.8B from -$118.1B in the prior-year period (a -84.4% change), suggesting substantial deployment into securities, loans, or other long-term assets during the quarter.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
JPMorgan's debt-to-equity ratio stands at approximately 12.5x, which is characteristic of large universal banks but amplifies sensitivity to credit losses, interest rate shifts, and market dislocations. A deterioration in asset quality or a sharp rise in funding costs could disproportionately impact equity returns.
Source: 10-Q Balance Sheet — Key Ratios
Operating cash flow was -$211.8B in Q1 FY2026, reflecting the nature of banking operations where loan originations and trading activity drive large working capital swings. While this improved 15.9% YoY, sustained negative operating cash flow requires ongoing access to wholesale and deposit funding markets.
Source: 10-Q Cash Flow Statement
Total assets expanded 12.5% YoY while stockholders' equity grew only 3.6%, compressing the equity-to-assets ratio and reducing the buffer against unexpected losses. This dynamic could attract regulatory scrutiny regarding capital adequacy.
Source: 10-Q Balance Sheet
Investing cash outflows nearly doubled YoY to -$217.8B, indicating aggressive deployment of capital into longer-duration or less-liquid assets. If market conditions deteriorate, the firm could face mark-to-market losses or reduced liquidity on these positions.
Source: 10-Q Cash Flow Statement
Return on assets of approximately 0.34% reflects the thin margin typical of large diversified banks, leaving limited room to absorb credit cycle deterioration or net interest margin compression if the rate environment shifts unfavorably.
Source: 10-Q Key Ratios
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Income $B | 16.49 $B | 14.64 $B | +12.64% |
EPS (Basic) $ | 5.95 $ | 5.08 $ | +17.13% |
EPS (Diluted) $ | 5.94 $ | 5.07 $ | +17.16% |
Answers draw on this SEC filing and the data on this page
JPMorgan Chase reported a 41% surge in net income to $21.2 billion in Q2 FY2026, fueled by a $4.6 billion Visa gain and strong trading and investment banking results, while expenses and credit provisions also rose.
JPMorgan Chase delivered record revenue of $182.4B in FY2025, though net income dipped 2.5% to $57.0B as higher costs and provisions offset strong top-line growth, while EPS still rose 1.3% to $20.05 on share buybacks.
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