Item 2. Properties.

JPMorganChase’s headquarters is located in New York City at 270 Park Avenue, a 60-story office building owned by the Firm. As of December 31, 2025, the building was fully occupied, including by senior management.

The Firm owned or leased facilities in the following locations at December 31, 2025.

(a)At December 31, 2025, the Firm owned or leased 5,083 branches in 48 states and Washington D.C.

(b)Includes a 1.1 million square foot office building owned by the Firm that is vacant and undergoing a significant remodeling.

The premises and facilities occupied by JPMorganChase are collectively used across all of the Firm’s business segments and for corporate purposes. JPMorganChase continues to evaluate its current and projected space requirements and may determine from time to time that certain of its properties (including the premises and facilities noted above) are no longer necessary for its operations. There is no assurance that the Firm will be able to dispose of any such excess properties, premises or facilities, or that it will not incur costs in connection with such dispositions. Such disposition costs may be material to the Firm’s results of operations in a given period. Refer to the Consolidated Results of Operations on pages 51–54 for information on occupancy expense.