Jpmorgan Chase (JPM) Tax Rate (2009 - 2026)
Jpmorgan Chase (JPM) posted quarterly Tax Rate of 19.46% for Q1 2026, down 99.0% year-over-year from 1945.9% in Q1 2025, and down 19.25% on a QoQ basis from 24.1% in Q4 2025.
Jpmorgan Chase (JPM) Tax Rate (2009 - 2026) Analysis & Trends
Jpmorgan Chase (JPM) has reported Tax Rate for 18 consecutive years, with 19.46% the latest figure, recorded in 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 came in at 19.46% for Q1 2026 at Jpmorgan Chase, down from 24.1% in the prior quarter.
- The five-year high for Tax Rate was 24.1% in Q4 2025, with the low at 2.6% in Q1 2024.
- Average Tax Rate over 5 years is 19.15%, with a median of 19.46% recorded in 2026.
- Across the five-year window, Tax Rate sank 1835 bps in 2024 and jumped 1785 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 16.84% in 2022, then rose by 6 bps to 17.83% in 2023, then advanced by 9 bps to 19.4% in 2024, then advanced by 24 bps to 24.1% in 2025, then dropped by 19 bps to 19.46% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 19.46%, 24.1%, and 23.21% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | -21.14% |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 17.49% |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 11.55% |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 33.80% |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 19.15% |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 19.46% |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | 41.80% |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | -2.11% |
| 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% |