Jpmorgan Chase (JPM-PJ) Operating Expenses (2009 - 2026)
Jpmorgan Chase's Operating Expenses was $27.3 billion in Q3 2026, up 12.4% from $24.28 billion a year earlier but down 0.1% from the prior quarter.
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Analysis
Jpmorgan Chase (JPM-PJ) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Jpmorgan Chase's Operating Expenses was $105.44 billion through Sep 30, 2026, up 11.7% year-over-year; for FY2025, it was $95.64 billion, up 4.2% from FY2024.
- Operating Expenses has now increased for nine consecutive years, with a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $91.8 billion in FY2024 (+5.3%), $87.17 billion in FY2023 (+14.5%), $76.14 billion in FY2022 (+6.7%) and $71.34 billion in FY2021 (+7.0%).
- Quarterly Operating Expenses has moved between $17.89 billion (Q4 2021) and $27.32 billion (Q2 2026) over five years.
- Compared with a year earlier, Operating Expenses has increased for seven straight quarters, with growth averaging 6.4% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q4 2023 (growth of 28.7%); the worst was Q4 2024 (a decline of 7.0%).
- Per Business Quant data, JPM-PJ's Operating Expenses in the three quarters before Q3 2026 was $27.32 billion (Q2 2026), $26.85 billion (Q1 2026) and $23.98 billion (Q4 2025).
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Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.30 Bn |
| Jun 30, 2026 | 27.32 Bn |
| Mar 31, 2026 | 26.85 Bn |
| Dec 31, 2025 | 23.98 Bn |
| Sep 30, 2025 | 24.28 Bn |
| Jun 30, 2025 | 23.78 Bn |
| Mar 31, 2025 | 23.60 Bn |
| Dec 31, 2024 | 22.76 Bn |
| Sep 30, 2024 | 22.57 Bn |
| Jun 30, 2024 | 23.71 Bn |
| Mar 31, 2024 | 22.76 Bn |
| Dec 31, 2023 | 24.49 Bn |
| Sep 30, 2023 | 21.76 Bn |
| Jun 30, 2023 | 20.82 Bn |
| Mar 31, 2023 | 20.11 Bn |
| Dec 31, 2022 | 19.02 Bn |
| Sep 30, 2022 | 19.18 Bn |
| Jun 30, 2022 | 18.75 Bn |
| Mar 31, 2022 | 19.19 Bn |
| Dec 31, 2021 | 17.89 Bn |
API Access
Jpmorgan Chase Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=JPM-PJ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "JPM-PJ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=JPM-PJ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();