One-Time Gains Drive Revenue
Total net revenue included a $4.6 billion net gain on the Visa share exchange and $1.0 billion in gains on certain equity investments, significantly boosting noninterest revenue.
Source: 10-Q Item 2 MD&A
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’s second quarter of fiscal 2026 was defined by robust capital markets activity and a significant one-time gain from the Visa share exchange. Management attributed the 28% revenue increase to a $4.6 billion net gain on Visa shares and $1.0 billion in gains on certain equity investments, alongside broad growth in markets, investment banking, and asset management fees. Despite the earnings surge, noninterest expenses rose 15% due to higher compensation and technology investments, and the provision for credit losses remained at $2.5 billion, reflecting ongoing credit normalization.
EPS (Diluted)
$7.70
+46.95% YoY
Source: SEC XBRL
JPM's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 6.14 | 5.91 | Beat +4.0% |
| Mar 2026 | 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% |
Adjusted (non-GAAP) EPS of $6.14 versus the $5.91 analyst consensus — a +4.0% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $7.70.
3 reported segments · SEC XBRL
Segment revenue totals $51.98B; with $5.37B of reconciling items (corporate, unallocated and eliminations) it ties to the $57.35B of consolidated revenue on the income statement.
Profit above is reported as net income, the measure JPM itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
Total net revenue included a $4.6 billion net gain on the Visa share exchange and $1.0 billion in gains on certain equity investments, significantly boosting noninterest revenue.
Source: 10-Q Item 2 MD&A
Management expects full-year 2026 net interest income to be approximately $105.5 billion and net interest income excluding Markets to be approximately $96.5 billion, market dependent.
Source: 10-Q Item 2 MD&A
Doug Petno and Troy Rohrbaugh were named Co-Presidents of the Firm, with Petno becoming sole CEO of CIB and Rohrbaugh becoming CEO of CCB, as Marianne Lake retires.
Source: 10-Q Item 2 MD&A
The Firm entered into a forward purchase commitment to acquire the Apple credit card portfolio, with an expected closing date approximately 24 months after December 30, 2025.
Source: 10-Q Item 2 MD&A
Despite a 10% increase in net interest income, the net yield on interest-earning assets declined 3 basis points to 2.40%, reflecting the impact of lower rates, partially offset by higher loan and deposit balances.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
The provision for credit losses was $2.5 billion, with net charge-offs of $2.4 billion. An economic downturn could worsen credit quality, particularly in the unsecured consumer and wholesale loan portfolios.
Source: 10-Q Income Statement (XBRL)
Net yield on interest-earning assets decreased 3 basis points to 2.40%, reflecting lower rates. A further decline or flattening yield curve could compress net interest income.
Source: 10-Q Balance Sheet and MD&A (XBRL)
Trading assets stood at $1.06 trillion, exposing the Firm to potential losses from adverse market movements in fixed income, currencies, and equities.
Source: 10-Q Balance Sheet (XBRL)
The CET1 ratio was 14.2% and SLR was 5.5%, near regulatory minimums. Any increase in risk-weighted assets or reduction in capital could constrain business activity.
Source: 10-Q Balance Sheet (XBRL)
Noninterest expense rose 15% year-over-year, driven by higher compensation, technology, and marketing costs. Persistent inflation could erode profitability.
Source: 10-Q Income Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Income $B | 21.16 $B | 14.99 $B | +41.16% |
EPS (Basic) $ | 7.71 $ | 5.25 $ | +46.86% |
EPS (Diluted) $ | 7.70 $ | 5.24 $ | +46.95% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
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.
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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