JPMorgan Q3 FY2026: revenue up 8.0%, EPS of $5.57 misses consensus
JPMorgan's fiscal 2026 third quarter produced $50.17 billion of revenue, up 8.0% year over year, and $15.31 billion of net income, up 6.0%. But diluted EPS of $5.57 landed below the $5.958 consensus, and even the $5.75 adjusted figure missed. Read the scorecard for the growth-versus-cost tension, then the balance notes for what this filing does and does not disclose.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $5.57 was up 10.0% year over year from $5.07, but 28.0% below last quarter's $7.70. Strip out $658 million of net investment securities losses and EPS becomes $5.75, still about $0.21 short of the $5.958 consensus. On a reported basis the shortfall is roughly $0.39, or 6.5%, so the miss is not purely a one-off securities charge.
Reported revenue of $50.17 billion rose 8.0% from $46.43 billion a year earlier, and the managed figure was $50.91 billion, also up 8.0%. The direction of travel quarter to quarter is less flattering: revenue fell 13.0% from the $57.35 billion booked in the second quarter. Free cash flow swung from -$252.83 billion in the second quarter to $33.16 billion, which at a bank mostly tracks balance-sheet movement rather than profit.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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