Leases |
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases | Leases Refer to Note 18 of JPMorganChase’s 2024 Form 10-K for a further discussion on leases. Firm as lessee At June 30, 2025, JPMorganChase and its subsidiaries were obligated under a number of noncancellable leases, predominantly operating leases for premises and equipment used primarily for business purposes. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. The carrying values of the Firm’s operating leases were as follows:
The Firm’s net rental expense was $579 million and $556 million for the three months ended June 30, 2025 and 2024, respectively, and $1.2 billion and $1.1 billion for the six months ended June 30, 2025 and 2024, respectively. Firm as lessor The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets. The following table presents the Firm’s operating lease income, included within , and the related depreciation expense, included within technology, communications and equipment expense, on the Consolidated statements of income.
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| Leases | Leases Refer to Note 18 of JPMorganChase’s 2024 Form 10-K for a further discussion on leases. Firm as lessee At June 30, 2025, JPMorganChase and its subsidiaries were obligated under a number of noncancellable leases, predominantly operating leases for premises and equipment used primarily for business purposes. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. The carrying values of the Firm’s operating leases were as follows:
The Firm’s net rental expense was $579 million and $556 million for the three months ended June 30, 2025 and 2024, respectively, and $1.2 billion and $1.1 billion for the six months ended June 30, 2025 and 2024, respectively. Firm as lessor The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets. The following table presents the Firm’s operating lease income, included within , and the related depreciation expense, included within technology, communications and equipment expense, on the Consolidated statements of income.
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