v3.26.3
Interest Income and Interest Expense
 9 Months Ended
Sep. 30, 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 September 30,Nine months ended September 30,
(in millions)2026202520262025
Interest income
Loans(a)
$25,862 $24,025 $74,427 $69,494 
Taxable securities7,612 7,135 21,793 19,806 
Non-taxable securities(b)
266 294 824 837 
Total investment securities(a)
7,878 7,429 22,617 20,643 
Trading assets - debt instruments7,822 6,284 22,488 18,139 
Federal funds sold and securities purchased under resale agreements4,181 4,531 12,586 13,325 
Securities borrowed2,774 2,163 7,715 6,681 
Deposits with banks2,489 2,946 7,157 10,480 
All other interest-earning assets(c)(d)
2,050 2,061 5,881 5,771 
Total interest income$53,056 $49,439 $152,871 $144,533 
Interest expense
Interest-bearing deposits$11,398 $11,633 $32,443 $34,111 
Federal funds purchased and securities loaned or sold under repurchase agreements6,543 6,043 19,364 17,197 
Short-term borrowings590 590 1,633 1,732 
Trading liabilities – debt and all other interest-bearing liabilities(e)
2,542 2,316 7,220 6,685 
Long-term debt4,660 4,558 13,470 13,434 
Beneficial interest issued by consolidated VIEs287 333 828 926 
Total interest expense$26,020 $25,473 $74,958 $74,085 
Net interest income$27,036 $23,966 $77,913 $70,448 
Provision for credit losses2,743 3,403 7,765 9,557 
Net interest income after provision for credit losses$24,293 $20,563 $70,148 $60,891 
(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)Includes the forward points on foreign exchange forward contracts related to the Firm’s net investment hedges. Refer to Note 4 for information on net investment hedges.
(e)All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.