JPM logo

JPMORGAN CHASE & CO (JPM) Stock Analysis

Financial ServicesNational Commercial Banks

Q1 2026
Beat the trendvs trailing 3-quarter avg
Net income+16.9 ppvs trend
Diluted EPS+17.9 ppvs trend

Outperformed in 2 of 2 metrics

How the cash was deployedQ1 2026

We don't yet have a complete cash-flow breakdown for this quarter.

Last 8 quarters of revenueLatest quarter highlighted. Q4 reconstructed from the annual filing.
Q2 24
Q3 24
177.56B
Q4 24*
Q1 25
Q2 25
Q3 25
182.45B
Q4 25*
Q1 26

* Q4 is reconstructed from the annual filing (FY − Q1 − Q2 − Q3), since the SEC does not require a Q4 10-Q.

RevenueSlowing
158.10B
177.56B
182.45B
Still moving the same direction, but at a smaller pace than the prior quarter.
Net incomeReversal
$16.49B
+12.6% +26.6%
9.31B
13.42B
18.15B
12.90B
14.01B
14.64B
14.99B
14.39B
13.03B
16.49B
Direction flipped this quarter — watch for a one-off or a new trend.
Free cash flowNot enough history
Not enough quarters yet to read the trend.
Diluted Reversal
$5.94
+17.2% +28.0%
3.05
4.44
6.12
4.37
4.82
5.07
5.24
5.07
4.64
5.94
Direction flipped this quarter — watch for a one-off or a new trend.

Margins

Gross marginNot enough history
Not enough quarters yet to read the trend.
Operating marginNot enough history
Not enough quarters yet to read the trend.
Net marginReversal
5.89
7.89
7.14
Direction flipped this quarter — watch for a one-off or a new trend.
Metric
Q1 2025Same quarter, prior year
Q4 2025Previous quarter
Q1 2026Latest quarter
YoYQoQ
Revenue$182.45B
Cost of revenue
Gross profit
Operating expenses
Operating income
Net income$14.64B$13.03B$16.49B+12.6%+26.6%
Diluted $5.07$4.64$5.94+17.2%+28.0%
Operating cash flow−$251.84B$593.86B−$211.76B−136%
Free cash flow
Gross margin
Operating margin
Net margin7.1 %