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JPMorgan Chase (JPM) investor relations material
JPMorgan Chase Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Oct, 2025
Executive summary
Net income reached $14.4 billion, up 12% year-over-year, with EPS of $5.07 and ROTCE at 20%.
Revenue grew 9% year-over-year to $47.1 billion, driven by strong markets, investment banking, and asset management.
Return on equity (ROE) was 17%.
Average loans increased 7% and average deposits rose 6% year-over-year.
All business segments delivered strong performance, with notable growth in investment banking, markets, and asset management.
Financial highlights
Net interest income was $24.1 billion, up 2% year-over-year; noninterest revenue was $23.0 billion, up 16%.
Markets revenue reached a record $8.9 billion, up 25% year-over-year.
Expenses rose 8% year-over-year to $24.3 billion, mainly due to higher compensation, marketing, and volume-related costs.
Credit costs totaled $3.4 billion, with net charge-offs of $2.6 billion and a net reserve build of $810 million.
Common dividend was $4.1 billion ($1.50 per share), and $8.0 billion in common stock net repurchases were executed.
Outlook and guidance
FY25 net interest income excluding Markets expected at ~$95 billion, with growth driven by balance sheet expansion and mix.
Adjusted expense for FY25 implied at ~$95.9 billion.
Card Services net charge-off rate projected at ~3.3% for 2025.
Management highlighted ongoing macroeconomic uncertainty, including geopolitical risks, tariffs, asset prices, and inflation.
The firm is preparing for a wide range of scenarios given the complex macroeconomic environment.
Credit cost outlook given macro uncertainty?
NII outlook given rate and margin pressures?
CIB Markets and IB fee growth sustainability?
How to assess NBFI lending risk in a downturn?
What are the key drivers of 2026 expense growth?
What are the most impactful regulatory changes?
Given recent events, assess NBFI lending risk
Explain the revised 2026 deposit growth outlook
How will AI impact 2026 expense growth?
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Next JPMorgan Chase earnings date
The BancAnalysts Association of Boston Conference6 Nov, 2025
Next JPMorgan Chase earnings date
The BancAnalysts Association of Boston Conference6 Nov, 2025
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Frequently asked questions
One of the oldest and largest financial institutions in the world
JP Morgan Chase is a multinational investment bank and financial services company headquartered in New York City. The company was formed in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation.
The investment banking division
JPMorgan Chase generates a big part of its revenue through its investment banking services, which include advising on mergers and acquisitions, underwriting securities offerings, and managing assets for institutional and retail clients. The company's investment banking division is consistently ranked among the top performers in the industry, with JP Morgan Chase serving as a trusted advisor to some of the largest corporations in the world.
Retail services
JP Morgan Chase also operates a consumer banking division, offering a range of retail services such as checking and savings accounts, credit cards, mortgages, and auto loans. The company has a significant presence in the United States, with over 4,700 branches and 16,000 ATMs across the country.
Wealth management services to individuals and institutions
JP Morgan Chase's asset management division offers wealth management services to individuals and institutions. The company manages a wide range of assets, including equities, fixed income securities, and alternative investments. JP Morgan Chase's asset management division is one of the largest in the world, with over $3 trillion in assets under management.
JP Morgan Chase’s main competitors
JP Morgan Chase operates in a highly competitive financial services industry, with other public companies such as Bank of America, Wells Fargo, and Citigroup also offering similar services. JP Morgan Chase is known for its strong brand reputation and its focus on innovation, with the company investing heavily in technology to improve its services and stay ahead of the competition.
Interesting facts about JP Morgan Chase
JP Morgan Chase has a long history and a significant impact on the financial industry. The company's namesake, John Pierpont Morgan, was one of the most influential financiers in history, playing a pivotal role in the development of the modern financial system.
JP Morgan Chase has also been involved in some of the most significant financial transactions in history, including the financing of the construction of the Titanic and the merger of Exxon and Mobil.
The company is known for its corporate social responsibility initiatives, including investments in affordable housing and small business development.
JP Morgan Chase is also a significant employer, with over 250,000 employees worldwide. The company has been recognized for its commitment to diversity and inclusion, and its efforts to create a more equitable workplace.
Despite facing criticism over issues such as its role in the 2008 financial crisis and its ties to fossil fuel companies, JP Morgan Chase remains a leader in the financial services industry and continues to shape the future of finance through its innovative approach to technology and sustainability.
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