JPMorgan Chase earnings: date and guidance
JPMorgan Chase's next results are expected on January 14, 2027. Watch whether rising expenses support higher business volumes or consume earning power.
What has JPMorgan Chase guided for 2026?
For 2026, JPMorgan expects net interest income excluding Markets of $97,200 million and total net interest income of $106,200 million. The fourth-quarter outlook is $25,500 million excluding Markets and $28,000 million in total. Adjusted expenses are expected to reach $108,600 million for the year, including $27,500 million in the fourth quarter. The card net charge-off forecast is 3.2%, meaning the annualized share of card loans expected to be written off after recoveries.
The preliminary 2027 central case is $107,000 million of net interest income excluding Markets. Annualizing the fourth-quarter pace gives $102,000 million, so the case assumes further growth. About a quarter of the expected benefit comes from rate increases already reflected in the forward curve; the rest depends mainly on deposits, card loans and mix. The budget is unfinished, so expenses could absorb some of that gain.
| Period covered | Low | High | Date given | |
|---|---|---|---|---|
| Net interest income excluding Markets | FY2026 | 97,200 | 97,200 | Oct 13, 2026 |
| Net interest income excluding Markets — 4Q outlook | 4Q2026 | 25,500 | 25,500 | Oct 13, 2026 |
| Net interest income | FY2026 | 106,200 | 106,200 | Oct 13, 2026 |
| Net interest income — 4Q outlook | 4Q2026 | 28,000 | 28,000 | Oct 13, 2026 |
| Adjusted expense | FY2026 | 108,600 | 108,600 | Oct 13, 2026 |
| Card Services NCO rate | FY2026 | 3.2% | 3.2% | Oct 13, 2026 |
Has JPMorgan Chase kept its past promises?
JPMorgan has completed at least one such commitment. Its compensation committee certified that Dimon’s January 2023 award earned the maximum amount for the three-year period ending in December 2025. The delivered shares then remained subject to a two-year holding period.
What are JPMorgan Chase's revenue and profit trends?
Revenue reached $50,172 million in September 2026. Net income was $15,305 million and diluted EPS was $5.57. Net interest income rose 12.8%, while NIM stayed at 2.5%, so the bank earned more interest dollars without widening its aggregate spread.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50,172 | 57,347 | 49,836 | 45,798 | 46,427 | 44,912 | 45,310 | 42,768 |
| Net income | 15,305 | 21,155 | 16,494 | 13,025 | 14,393 | 14,987 | 14,643 | 14,005 |
| EPS, diluted | 5.57 | 7.70 | 5.94 | 4.63 | 5.07 | 5.24 | 5.07 | 4.81 |
What this means. December 2024 revenue includes a one-time gain from Visa, so that quarter looks stronger than the bank's normal business really was.
What should investors watch in JPMorgan Chase's next release?
The scheduled January 14, 2027 earnings call should provide firmer expense guidance. Investors will need to separate spending that supports higher business volumes from investment that carries forward and costs driven by inflation. That distinction will show whether rising expenses accompany more earning power or consume it.