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
DateValue
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%