Jpmorgan Chase (JPM-PL) Tax Rate (2009 - 2026)
Jpmorgan Chase (JPM-PL) recorded quarterly Tax Rate of 19.46% in Q1 2026, down 19.25% quarter-over-quarter from 24.1% in Q4 2025, and down 99.0% on a YoY basis from 1945.9% in Q1 2025.
Jpmorgan Chase (JPM-PL) Tax Rate (2009 - 2026) Analysis & Trends
Jpmorgan Chase's Tax Rate history runs 18 years deep, the most recent figure standing at 19.46% for Q1 2026.
- In Q1 2026, Tax Rate fell 99.0% year-over-year to 19.46%; the TTM figure through Mar 2026 stood at 21.12% (down 54.0% YoY), while the FY2025 annual figure was 21.42%, down 71.0% from the prior year.
- Tax Rate was 19.46% for Q1 2026 at Jpmorgan Chase, down from 24.1% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 24.1% in Q4 2025 to a low of 2.6% in Q1 2024.
- Historically, Tax Rate has averaged 19.15% across 5 years, with a median of 19.46% in 2026.
- The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 1835 bps in 2024, then jumped 1785 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 16.84% in 2022, then climbed by 6 bps to 17.83% in 2023, then increased by 9 bps to 19.4% in 2024, then increased by 24 bps to 24.1% in 2025, then retreated by 19 bps to 19.46% in 2026.
- The last three Tax Rate figures came in at 19.46% (Q1 2026), 24.1% (Q4 2025), and 23.21% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 23.02% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -21.14% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 21.90% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.14% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 17.49% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67% |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 26.08% |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 11.55% |
| 10 | Jpmorgan Chase | - | - | - | 19.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.46% |
| Mar 31, 2026 | 19.46% |
| Dec 31, 2025 | 24.10% |
| Dec 31, 2025 | 24.10% |
| Sep 30, 2025 | 23.21% |
| Sep 30, 2025 | 23.21% |
| Jun 30, 2025 | 18.03% |
| Jun 30, 2025 | 18.03% |
| Mar 31, 2025 | 20.45% |
| Mar 31, 2025 | 20.45% |
| Dec 31, 2024 | 19.40% |
| Dec 31, 2024 | 19.40% |
| Sep 30, 2024 | 24.03% |
| Sep 30, 2024 | 24.03% |
| Jun 30, 2024 | 22.56% |
| Jun 30, 2024 | 22.56% |
| Mar 31, 2024 | 2.60% |
| Mar 31, 2024 | 2.60% |
| Dec 31, 2023 | 17.83% |
| Dec 31, 2023 | 17.83% |