JPMORGAN CHASE & CO (JPM) Earnings History

JPMORGAN CHASE & CO - Q4 FY2025 Earnings

Filed at: Jan 13, 2026, 6:41 AM EST|Read from source

EXECUTIVE SUMMARY

JPMorgan Chase reported a strong fourth quarter and full year 2025, driven by robust performance across its business segments, particularly in Markets and Asset & Wealth Management, despite a significant item impacting reported net income.

POSITIVE HIGHLIGHTS

  • •

    Reported revenue of $45.8 billion and managed revenue of $46.8 billion, up 7% YoY.

    positive
  • •

    Markets revenue up 17% YoY, with Equity Markets up 40%.

    positive
  • •

    Asset & Wealth Management net revenue up 13% YoY, driven by higher fees and net inflows.

    positive
  • •

    Consumer & Community Banking net revenue up 6% YoY, with strong customer acquisition.

    positive
  • •

    Full-year 2025 net income of $57.0 billion ($20.02 per share).

    positive

CONCERNS & RISKS

  • •

    Reported net income of $13.0 billion, down 7% YoY, impacted by a $2.2 billion credit reserve for Apple credit card portfolio.

    attention
  • •

    Investment Banking fees down 5% YoY.

    attention
  • •

    Provision for credit losses increased significantly to $4.7 billion, driven by the Apple card reserve.

    attention
  • •

    Corporate net revenue down 13% YoY, primarily due to lower net interest income from lower rates.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$46.77B
+6.9%
Prior year: $43.74B
Net Income
Quarterly
$13.03B
-7.0%
Prior year: $14.01B
Annual (YTD)
$57.00B
N/A
EPS (Diluted)
Quarterly
$4.63
-3.7%
Prior year: $4.81
Annual (YTD)
$20.02
N/A
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

REVENUE BY SEGMENT — Q4 FY2025 2025

VISUAL OVERVIEW

|
CONSUMER & COMMUNITY BANKING (CCB)(3 segments)
41.5%
$19396000.0B
Prior year: $18362000.0B
COMMERCIAL & INVESTMENT BANK (CIB)(2 segments)
41.4%
$19375000.0B
Prior year: $17598000.0B
ASSET & WEALTH MANAGEMENT (AWM)
13.9%
$6516000.0B
Prior year: $5778000.0B
CORPORATE
3.2%
$1480000.0B
Prior year: $2000000.0B

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
CONSUMER & COMMUNITY BANKING (CCB)
$19396000.0B$18362000.0B—41.5%
COMMERCIAL & INVESTMENT BANK (CIB)
$19375000.0B$17598000.0B—41.4%
ASSET & WEALTH MANAGEMENT (AWM)
$6516000.0B$5778000.0B—13.9%
CORPORATE
$1480000.0B$2000000.0B—3.2%
Total Revenue$46767000.0B——100.0%

Segment performance shows business unit health and growth drivers.

SPECIAL ITEMS & ADJUSTMENTS

4Q25
Credit reserve established for the forward purchase commitment of the Apple credit card portfolio
Reduced reported net income by $1.7 billion (after tax) and EPS by $0.60.
+$2,200M
$0.60 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

The Firm concluded the year with a strong fourth quarter, generating net income of $14.7 billion excluding a significant item.

— JPMORGAN CHASE & CO, Q4 FY2025 2025 Earnings Call

Each line of business performed well, with CIB revenue rising 10% and Markets revenue up 17%.

— JPMORGAN CHASE & CO, Q4 FY2025 2025 Earnings Call

Payments revenue reached a record $5.1 billion due to ongoing deposit and fee growth.

— JPMORGAN CHASE & CO, Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Active Mobile Customers
N/A
+7.0% YoY
users
Aum
4800000.0M
+18.0% YoY
Prior year: 4067.8M
USD
Average Deposits
N/A
+6.0% YoY
USD
Average Loans
1500000.0M
+9.0% YoY
Prior year: 1376146.8M
USD
Banking Payments Revenue
5100.0M
+9.0% YoY
USD
Card Services Net Charge Off Rate
3.1
percent
Checking Accounts Opened Year
1.7M
accounts
Client Asset Net Inflows Year
553000.0M
USD
Client Assets
7000000.0M
+20.0% YoY
Prior year: 5833.3M
USD
Client Investment Assets
N/A
+17.0% YoY
USD
Credit Card Accounts Opened Year
10.4M
accounts
Debit And Credit Card Sales Volume
N/A
+7.0% YoY
USD
Equity Markets Revenue
2900.0M
+40.0% YoY
Prior year: 2071.4M
USD
Fixed Income Markets Revenue
5400.0M
+7.0% YoY
Prior year: 5046.7M
USD
Investment Banking Fees
2300.0M
-5.0% YoY
Prior year: 2421.1M
USD
Markets Revenue
8200.0M
+17.0% YoY
Prior year: 7008.5M
USD
Wealth Management Households
3.0M
households

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.