Jpmorgan Chase (JPM) Operating Expenses (2009 - 2026)
Jpmorgan Chase (JPM) posted quarterly Operating Expenses of $26.8 billion for Q1 2026, up 13.79% year-over-year from $23.6 billion in Q1 2025, and up 11.95% on a QoQ basis from $24.0 billion in Q4 2025.
Jpmorgan Chase (JPM) Operating Expenses (2009 - 2026) Analysis & Trends
Jpmorgan Chase (JPM) has reported Operating Expenses for 18 consecutive years, with $26.8 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 13.79% year-over-year to $26.8 billion; the TTM figure through Mar 2026 stood at $98.9 billion (up 6.75% YoY), while the FY2025 annual figure was $95.6 billion, up 4.19% from the prior year.
- Operating Expenses came in at $26.8 billion for Q1 2026 at Jpmorgan Chase, up from $24.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $26.8 billion in Q1 2026, with the low at $18.7 billion in Q2 2022.
- Average Operating Expenses over 5 years is $22.2 billion, with a median of $22.8 billion recorded in 2024.
- Across the five-year window, Operating Expenses advanced 28.72% in 2023 and declined 7.04% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $19.0 billion in 2022, then rose by 28.72% to $24.5 billion in 2023, then slipped by 7.04% to $22.8 billion in 2024, then grew by 5.36% to $24.0 billion in 2025, then rose by 11.95% to $26.8 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $26.8 billion, $24.0 billion, and $24.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | 609.00 Mn |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 18.53 Bn |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 14.33 Bn |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 13.84 Bn |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 3.40 Bn |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 26.85 Bn |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | -19.18 Bn |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | 90.51 Mn |
| 10 | Jpmorgan Chase | - | - | - | 26.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 17.06 Bn |
| Jun 30, 2021 | 17.67 Bn |