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
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