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OCC: U.S. Banks Reported $21.6B in Trading Revenue for Q2 2026

The OCC says U.S. commercial banks and savings associations reported $21.6 billion in trading revenue in Q2 2026, up 32.5% quarter over quarter.
From TheFinanceBase Team2 min to read
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U.S. commercial banks and savings associations reported $21.6 billion in cumulative trading revenue for the second quarter of 2026, according to the Office of the Comptroller of the Currency (OCC). That was $5.3 billion, or 32.5%, above Q1 2026 and $5.1 billion, or 30.6%, above Q2 2025.

What the $21.6 billion figure measures

The OCC’s Quarterly Report on Bank Trading and Derivatives Activities: Second Quarter 2026 describes the figure as cumulative trading revenue of U.S. commercial banks and savings associations. It is a reported revenue aggregate for those institutions—not net income or profit, and not a total for every U.S. financial firm or market participant.

The OCC’s report transmittal states: “Cumulative trading revenue of U.S. commercial banks and savings associations was $21.6 billion in the second quarter of 2026.” The report material establishes the amount and its comparisons, but does not establish why revenue increased or whether individual banks’ trading desks improved.

How Q2 compared with earlier periods

Comparison Change in trading revenue
From Q1 2026 to Q2 2026 Up $5.3 billion, or 32.5%
From Q2 2025 to Q2 2026 Up $5.1 billion, or 30.6%

These are two different comparisons: one measures change from the immediately preceding quarter, while the other compares the same quarter a year earlier. The OCC published the Q2 report and its headline figures on September 30, 2026.

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Trading revenue is not derivatives notional or credit exposure

The same OCC report covers derivatives activity, but its derivatives figures measure different things from trading revenue. Notional amount is the reference amount underlying derivatives contracts; it is not the revenue banks earned or the amount they necessarily stand to lose.

  • Derivatives activity: 1,173 insured U.S. national and state commercial banks and savings associations held derivatives.
  • Concentration: Four large banks held 80.2% of the banking industry’s total derivatives notional amount.
  • Total notional: $300.5 trillion, up $4 trillion, or 1.3%, during the quarter. Interest-rate products accounted for $205.9 trillion, or 68.5%, of that amount.
  • Credit exposure: Initial credit exposure before netting rose $106 billion, or 3.6%, to $3.1 trillion. Net current credit exposure fell $34.3 billion, or 10.6%, to $291 billion.

Those amounts provide context about banks’ derivatives books and related exposures; they should not be added to, or treated as a breakdown of, the $21.6 billion trading-revenue figure.

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Where the OCC figures come from

The OCC says its quarterly trading and derivatives reports draw on Reports of Condition and Income—commonly called call reports—filed by insured U.S. commercial banks and trust companies, along with other published financial data. The OCC’s quarterly report series describes the information those filings disclose about banks’ derivatives activities. The Q2 2026 report page also provides related XML data that can be opened as tables.

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