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Noninterest Revenue and Noninterest Expense (Tables)
 12 Months Ended
Dec. 31, 2025
Noninterest Income (Expense) [Abstract]  
Components of investment banking fees
The following table presents the components of investment banking fees.
Year ended December 31,
(in millions)		202520242023
Underwriting
Equity$1,734 $1,687 $1,149 
Debt4,378 3,945 2,610 
Total underwriting6,112 5,632 3,759 
Advisory3,503 3,278 2,760 
Total investment banking fees$9,615 $8,910 $6,519 
Principal transactions revenue
The following table presents all realized and unrealized gains and losses recorded in principal transactions revenue by instrument type. This table excludes interest income and interest expense on interest-earning assets and interest-bearing liabilities recorded within net interest income. Refer to Note 7 for further information on interest income and interest expense.
The Firm’s businesses and other activities generally utilize a variety of instrument types in connection with their transactions; accordingly, the principal transactions revenue presented in the table below is not representative of the total revenue of any individual business or activity.
Year ended December 31,
(in millions)		202520242023
Principal transactions revenue by instrument type
Interest rate(a)
$4,240 $3,631 $5,607 
Credit(b)
558 1,545 1,434 
Foreign exchange5,644 4,874 5,082 
Equity14,844 13,476 10,229 
Commodity1,989 1,194 2,202 
Total revenue by instrument type
27,275 24,720 24,554 
Private equity gains/(losses)(63)67 (94)
Principal transactions$27,212 $24,787 $24,460 
(a)Includes the impact of changes in funding valuation adjustments on derivatives.
(b)Includes the impact of changes in credit valuation adjustments on derivatives, net of the associated hedging activities.
Components of lending and deposit-related fees
The following table presents the components of lending- and deposit-related fees.
Year ended December 31,
(in millions)		202520242023
Lending-related fees(a)
$2,217 $2,192 $2,365 
Deposit-related fees6,876 5,414 5,048 
Total lending- and deposit-related fees
$9,093 $7,606 $7,413 
(a)    Includes the amortization of the fair value discount on certain acquired lending-related commitments associated with First Republic, predominantly in AWM and CIB. The discount, which is deferred in other liabilities and recognized on a straight-line basis over the commitment period, continues to decline as commitments expire. Refer to Note 34 for additional information.
Components of asset management fees
The following table presents the components of asset management fees.
Year ended December 31,
(in millions)		202520242023
Asset management fees
Investment management fees
$19,921 $17,425 $14,908 
All other asset management fees406 376 312 
Total asset management fees$20,327 $17,801 $15,220 
Components of commissions and other fees
The following table presents the components of commissions and other fees.
Year ended December 31,
(in millions)		202520242023
Commissions and other fees
Brokerage commissions
$3,726 $3,119 $2,820 
Administration fees
2,764 2,526 2,310 
All other commissions and fees(a)
2,049 1,885 1,706 
Total commissions and other fees$8,539 $7,530 $6,836 
(a)Includes depositary receipt-related service fees, annuity and travel-related sales commissions, as well as other service fees, which are recognized as revenue when the services are rendered.
Components of card income
The following table presents the components of card income:
Year ended December 31,
(in millions)		202520242023
Interchange and merchant processing income
$36,222 $33,847 $31,021 
Reward costs and partner payments(29,720)(26,784)(24,601)
All other(a)
(1,782)(1,566)(1,636)
Total card income$4,720 $5,497 $4,784 
(a)Predominantly represents the amortization of account origination costs and annual fees, which are deferred and recognized on a straight-line basis over a 12-month period.
Components of other income
The following table presents certain components of other income:
Year ended December 31,
(in millions)		202520242023
Operating lease income$3,803 $2,795 $2,843 
Losses on tax-oriented investments(173)(97)(1,538)
Gain on Visa shares
— 

7,990 
(b)
— 
First Republic-related gains(a)
628 103 2,775 
Gain related to the acquisition of CIFM — — 339 
(c)
(a) Relates to the settlement of outstanding items with the FDIC in 2025, and adjustments to the estimated bargain purchase gain associated with the acquisition in 2024 and 2023.
(b) Relates to the initial gain recognized on May 6, 2024 on the Visa C shares.
(c)    Gain on the original minority interest in CIFM upon the Firm's acquisition of the remaining 51% of the entity.
Components of noninterest expense
Other expense on the Firm’s Consolidated statements of income included:
Year ended December 31,
(in millions)		202520242023
Legal expense$361 $740 $1,436 
FDIC-related expense(a)
531 1,893 4,203 
Operating losses1,292 1,417 1,228 
Contribution of Visa shares
— 1,000 
(b)
— 
(a) Included FDIC special assessment accrual releases of $763 million and an accrual increase of $725 million for the years ended December 31, 2025 and 2024, respectively, which are adjustments to the initial $2.9 billion estimate recorded in the fourth quarter of 2023.
(b) Represents the contribution of a portion of Visa C shares to the JPMorgan Chase Foundation recorded in the second quarter of 2024.