JPMORGAN CHASE & CO (JPM) Earnings Summary
JPM Earnings Beat Rate & Surprise History
JPMORGAN CHASE & CO (JPM) has beaten EPS estimates in 7 of its last 8 reported quarters (+88%), and beaten revenue estimates in 7 of 8 (+88%).
On balance, analysts have tended to underestimate JPM's earnings. It is currently on a 2-quarter EPS beat streak. The stock has averaged +1.3% the trading day after an EPS beat (positive 57% of the time) and -4.2% after a miss. The average EPS surprise runs +12.5%, with the biggest beat at +37.8% and the biggest miss at -4.6%.
How often JPM has cleared Wall Street's bar, for EPS and revenue separately, companies can beat one and miss the other. See how analysts are rating it now →
Based on 8 quarters where a report date lines up with price history on record. Reaction day is determined from report timing, for after-market-close (AMC) reports, the reaction shows up the next trading day; for before-market-open (BMO) reports, it's the report day itself.
| Result | Next day | 5 trading days | 20 trading days |
|---|---|---|---|
| EPS beat | +1.3% (57% pos, n=7) | +2.1% (71% pos, n=7) | +6.7% (86% pos, n=7) |
| EPS miss | -4.2% (0% pos, n=1) | -6.9% (0% pos, n=1) | -4.2% (0% pos, n=1) |
Average earnings-day move (either direction): +2.6%. Largest on record: +4.4%.
Every quarter with reaction data, side by side. Rows where the surprise direction and the stock's move disagree are highlighted.
| Quarter | Report Date | EPS Surprise | Rev Surprise | Next-Day Move |
|---|---|---|---|---|
| Q2 '26 | Jul 14, 2026 | +37.8% | +13.1% | +2.5% |
| Q1 '26 | Apr 14, 2026 | +8.5% | +1.3% | -0.8% |
| Q4 '25 | Jan 13, 2026 | -4.6% | -0.8% | -4.2% |
| Q3 '25 | Oct 14, 2025 | +4.7% | +2.1% | -1.9% |
| Q2 '25 | Jul 15, 2025 | +16.8% | +2.5% | -0.7% |
| Q1 '25 | Apr 11, 2025 | +9.4% | +3.0% | +4.0% |
| Q4 '24 | Jan 15, 2025 | +17.5% | +1.9% | +2.0% |
| Q3 '24 | Oct 11, 2024 | +9.7% | +4.6% | +4.4% |
A beat doesn't guarantee a rally, and a miss doesn't guarantee a drop, expectations already priced in can flip the reaction.
Beat/miss alone doesn't say how big, a company that beats by 0.1% every quarter behaves very differently from one that swings ±20%.
| Avg Surprise | Median | Largest Beat | Largest Miss | |
|---|---|---|---|---|
| EPS | +12.5% | +9.5% | +37.8% | -4.6% |
| Revenue | +3.5% | +2.3% | +13.1% | -0.8% |
More analysts covering a stock generally means more scrutiny and (often) tighter estimates.
Average surprise size by fiscal quarter, some businesses are just more predictable in certain quarters than others.
| Fiscal Quarter | Avg EPS Surprise | Avg Revenue Surprise | Years on Record |
|---|---|---|---|
| Q1 | +8.9% | +2.2% | 2 |
| Q2 | +27.3% | +7.8% | 2 |
| Q3 | +7.2% | +3.3% | 2 |
| Q4 | +6.4% | +0.6% | 2 |
Each quarter compared to the same fiscal quarter one year earlier, the standard way to strip out seasonality.
| Quarter | Report Date | EPS Growth | Revenue Growth |
|---|---|---|---|
| Q2 '26 | Jul 14, 2026 | +46.9% | +27.7% |
| Q1 '26 | Apr 14, 2026 | +17.2% | +10.0% |
| Q4 '25 | Jan 13, 2026 | -3.7% | +7.1% |
| Q3 '25 | Oct 14, 2025 | +15.8% | +7.2% |
Objective, rule-based checks, not a subjective rating.
How often does JPM beat EPS estimates?
JPMORGAN CHASE & CO has beaten EPS estimates in 7 of its last 8 reported quarters, a +88% beat rate. The average surprise is +12.5%.
How often does JPM beat revenue estimates?
JPM has beaten revenue estimates in 7 of its last 8 reported quarters, a +88% beat rate.
How does JPM's stock react to earnings?
Over 8 quarters with price data on record, JPM has averaged +1.3% the trading day after an EPS beat (positive 57% of the time) and -4.2% after a miss (positive 0% of the time). It has also fallen despite beating both EPS and revenue in 3 instance(s), a reminder that a beat alone doesn't guarantee a positive reaction.
What is JPM's biggest earnings surprise?
JPM's largest EPS beat on record is +37.8%, and its largest EPS miss is -4.6%.
Is JPM currently on an earnings beat or miss streak?
JPM is on a 2-quarter EPS beat streak. Its longest beat streak on record is 5 quarters; its longest miss streak is 1 quarters.
Do analysts usually underestimate or overestimate JPM?
Analysts have tended to underestimate JPM's results, based on a +88% EPS beat rate over the last 8 reported quarters.
Every reported quarter on record, estimate vs. actual.
| Quarter | Report Date | EPS Est | EPS Actual | EPS Surprise | Revenue Est | Revenue Actual | Revenue Surprise | Analysts |
|---|---|---|---|---|---|---|---|---|
| Q2 '26 | Jul 14, 2026 | $5.59 | $7.70 | +37.8% | $50.72B | $57.35B | +13.1% | 14 |
| Q1 '26 | Apr 14, 2026 | $5.47 | $5.94 | +8.5% | $49.18B | $49.84B | +1.3% | 20 |
| Q4 '25 | Jan 13, 2026 | $4.85 | $4.63 | -4.6% | $46.17B | $45.80B | -0.8% | 21 |
| Q3 '25 | Oct 14, 2025 | $4.85 | $5.07 | +4.7% | $45.47B | $46.43B | +2.1% | 19 |
| Q2 '25 | Jul 15, 2025 | $4.48 | $5.24 | +16.8% | $43.81B | $44.91B | +2.5% | 20 |
| Q1 '25 | Apr 11, 2025 | $4.63 | $5.07 | +9.4% | $43.99B | $45.31B | +3.0% | 18 |
| Q4 '24 | Jan 15, 2025 | $4.09 | $4.81 | +17.5% | $41.95B | $42.77B | +1.9% | 18 |
| Q3 '24 | Oct 11, 2024 | $3.99 | $4.38 | +9.7% | $41.43B | $43.32B | +4.6% | 17 |