Maximum and minimum estimates are made of the drainage basin feeding the Jakobshavns Glacier by using surface elevation maps derived from Seasat altimetry. Benson's (1962) net balance measurements are used to calculate the balance flow within the basin. Comparisons of the balance flux at the terminus with estimates of actual flux suggest the basin is in overall equilibrium or slightly thickening. This agrees with measurements along the nearby EGIG traverse. Balance velocities accelerate rapidly within 100 km of the coast. Farther upstream, balance velocities are consistent with both measured velocities along the EGIG traverse and calculated deformation velocities. It is estimated that Jakobshavns Glacier discharges between 4.8 and 7.6% of the annual net balance over Greenland and drains between 3.7 and 5.8% of the ice sheet area.