Jpmorgan Chase (JPM) Operating Expenses (2009 - 2026)

Jpmorgan Chase (JPM) recorded quarterly Operating Expenses of $26.8 billion in Q1 2026, up 11.95% quarter-over-quarter from $24.0 billion in Q4 2025, and up 13.79% on a YoY basis from $23.6 billion in Q1 2025.

Jpmorgan Chase (JPM) Operating Expenses (2009 - 2026) Analysis & Trends

Jpmorgan Chase's Operating Expenses history runs 18 years deep, the most recent figure standing at $26.8 billion for 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 was $26.8 billion for Q1 2026 at Jpmorgan Chase, up from $24.0 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $26.8 billion in Q1 2026 to a low of $18.7 billion in Q2 2022.
  • Historically, Operating Expenses has averaged $22.2 billion across 5 years, with a median of $22.8 billion in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 28.72% in 2023, then decreased 7.04% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $19.0 billion in 2022, then climbed by 28.72% to $24.5 billion in 2023, then fell by 7.04% to $22.8 billion in 2024, then gained by 5.36% to $24.0 billion in 2025, then climbed by 11.95% to $26.8 billion in 2026.
  • The last three Operating Expenses figures came in at $26.8 billion (Q1 2026), $24.0 billion (Q4 2025), and $24.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Canadian Imperial Bank Of Commerce 1,329,940,501.22 Bn 1,329,940,501.43 Bn - 3.06 Bn
2 Hsbc Holdings 37,228.00 Bn 37,228.45 Bn - 609.00 Mn
3 Royal Bank Of Canada 2,913.28 Bn 2,841.72 Bn - 6.82 Bn
4 Toronto Dominion Bank 959.65 Bn 952.85 Bn - 6.11 Bn
5 Bank Of Montreal 416.15 Bn 416.15 Bn - 4.15 Bn
6 Bank Of America 390.60 Bn -216.10 Bn 29.24 Bn 18.53 Bn
7 Barclays 379.37 Bn -269.24 Bn - -6.13 Bn
8 Mitsubishi Ufj Financial 271.88 Bn -414.40 Bn 3.81 Bn -12.60 Bn
9 Wells Fargo & Company 252.38 Bn 177.30 Bn - 14.33 Bn
10 Jpmorgan Chase - - - 26.85 Bn

Historic Data

Download Data
DateValue
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