Jpmorgan Chase (JPM) Tax Rate (2009 - 2026)
Jpmorgan Chase's Tax Rate came in at 23.12% for Q2 2026, up 5.09 percentage points from 18.03% a year earlier and up 3.66 percentage points from the prior quarter.
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Analysis
Jpmorgan Chase (JPM) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Jpmorgan Chase reported Tax Rate of 22.45%, up 2.02 percentage points year-over-year; for FY2025, it was 21.42%, down 0.71 percentage points from FY2024.
- Tax Rate carries a five-year change of +2.75 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 22.12% in FY2024 (+2.55 pp), 19.57% in FY2023 (+1.18 pp), 18.39% in FY2022 (-0.46 pp) and 18.85% in FY2021 (+0.19 pp).
- The five-year range for quarterly Tax Rate is 16.84% (Q4 2022) to 24.10% (Q4 2025).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of +0.71 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2026 (a gain of 5.09 percentage points), and the weakest in Q2 2025 (a drop of 4.52 percentage points).
- Business Quant data shows JPM's Tax Rate at 19.46% (Q1 2026), 24.10% (Q4 2025) and 23.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 23.98% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 22.68% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 23.29% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 22.26% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 24.40% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 16.36% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 24.29% |
| 10 | American Express | 217.14 Bn | 16.62 Bn | - | 18.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.98% |
| Jun 30, 2026 | 23.12% |
| Mar 31, 2026 | 19.46% |
| Dec 31, 2025 | 24.10% |
| Sep 30, 2025 | 23.21% |
| Jun 30, 2025 | 18.03% |
| Mar 31, 2025 | 20.45% |
| Dec 31, 2024 | 19.40% |
| Sep 30, 2024 | 24.03% |
| Jun 30, 2024 | 22.56% |
| Mar 31, 2024 | 22.40% |
| Dec 31, 2023 | 17.83% |
| Sep 30, 2023 | 21.41% |
| Jun 30, 2023 | 17.71% |
| Mar 31, 2023 | 20.95% |
| Dec 31, 2022 | 16.84% |
| Sep 30, 2022 | 18.87% |
| Jun 30, 2022 | 20.40% |
| Mar 31, 2022 | 17.70% |
| Dec 31, 2021 | 17.84% |
API Access
Jpmorgan Chase Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=JPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "JPM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=JPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();