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Interest Income and Interest Expense
 3 Months Ended
Mar. 31, 2026
Interest Income (Expense), Operating [Abstract]  
Interest Income and Interest Expense Interest income and interest expense
Refer to Note 7 of JPMorganChase’s 2025 Form 10-K for a description of JPMorganChase’s accounting policies regarding interest income and interest expense.
The following table presents the components of interest income and interest expense.
Three months ended March 31,
(in millions)20262025
Interest income
Loans(a)
$24,024 $22,420 
Taxable securities6,975 5,992 
Non-taxable securities(b)
282 270 
Total investment securities(a)
7,257 6,262 
Trading assets - debt instruments7,221 5,557 
Federal funds sold and securities purchased under resale agreements4,185 4,216 
Securities borrowed2,368 2,307 
Deposits with banks2,317 4,139 
All other interest-earning assets(c)
1,819 1,952 
Total interest income$49,191 $46,853 
Interest expense
Interest-bearing deposits$10,284 $11,077 
Federal funds purchased and securities loaned or sold under repurchase agreements6,145 5,189 
Short-term borrowings525 535 
Trading liabilities – debt and all other interest-bearing liabilities(d)
2,263 2,091 
Long-term debt4,342 4,392 
Beneficial interest issued by consolidated VIEs266 296 
Total interest expense$23,825 $23,580 
Net interest income$25,366 $23,273 
Provision for credit losses2,507 3,305 
Net interest income after provision for credit losses$22,859 $19,968 
(a)Includes the amortization and accretion of purchase premiums and discounts, as well as net deferred fees and costs on loans.
(b)Represents securities that are tax-exempt for U.S. federal income tax purposes.
(c)Includes interest earned on brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets which are classified in other assets on the Consolidated balance sheets.
(d)All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.