JPMorgan Chase & Co. (JPM) Q3 2025 Financial Results Summary
· Stocks · QuoteReporter
JPMorgan Chase & Co. (JPM) Q3 2025 Financial Results Summary
JPMorgan Chase & Co. released its third-quarter 2025 financial results on October 14, 2025. The firm reported strong metrics across multiple business segments and significant capital distributions.
Key Financial Highlights
- Net Income:
- $14.4 billion, up 12% compared to Q3 2024.
-
Earnings per share (diluted): $5.07, up 16% year-over-year.
-
Revenue:
- Reported revenue of $46.4 billion, managed revenue of $47.1 billion, both reflecting a growth of 9% year-over-year.
- Net interest income: $24.1 billion, up 2% from the prior year.
-
Noninterest revenue: $23.0 billion, a rise of 16% year-over-year.
-
Noninterest Expense:
-
Totalled $24.3 billion, an increase of 8% from the same quarter last year, mainly due to higher compensation and operational costs.
-
Credit Losses:
- Provision for credit losses reached $3.4 billion, with net charge-offs of $2.6 billion, up 24% from the previous year.
Segment Performance
- Consumer & Community Banking (CCB):
- Net income: $5.0 billion, up 24% year-over-year.
- Revenues of $19.5 billion, also a 9% increase.
-
Average loans: up 1% year-over-year.
-
Commercial & Investment Banking (CIB):
- Net income: $6.9 billion, a rise of 21% compared to Q3 2024.
- Revenue: $19.9 billion, grew 17% year-over-year.
-
Investment banking fees increased by 16% year-over-year.
-
Asset & Wealth Management (AWM):
- Net income: $1.7 billion, up 23% from the previous year.
- Revenues reached $6.1 billion, an increase of 12% year-over-year.
-
Assets under management were $4.6 trillion, up 18%.
-
Corporate:
- Net income: $825 million, a decrease of 51% year-over-year.
- Revenue fell to $1.7 billion, decreasing by 45% from the previous year.
Capital Distributions
- Dividends: Declared a common dividend of $4.1 billion, which translates to $1.50 per share.
- Share Repurchases: Executed $8.0 billion in common stock net repurchases.
Fortress Principles
- Book Value per Share: $124.96, up 9% year-over-year; Tangible Book Value: $105.70, up 10%.
- Capital Ratios: Basel III common equity Tier 1 capital of $287 billion; Standardized ratio of 14.8%; Advanced ratio of 14.9%.
- Firm Supplementary Leverage Ratio: 5.8%.
Consumer and Community Support
- Raised approximately $2.5 trillion in credit and capital year-to-date, allocation includes:
- $205 billion for consumers.
- $25 billion for U.S. small businesses.
- $2.2 trillion for corporations and non-U.S. government entities.
- $56 billion for non-profits and U.S. government entities.
Summary
JPMorgan Chase & Co. showed robust performance in Q3 2025, with significant increases in net income, revenue, and dividends. The firm successfully managed its operational costs while enhancing capital distributions and supporting communities with extensive credit and capital allocations. The overall metrics indicate a solid growth trajectory and successful management across various business segments, despite a more challenging macroeconomic backdrop.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME ($ millions)
| 3Q25 | 2Q25 | 3Q24 | $ O/(U) | O/(U) % | $ O/(U) | O/(U) % | |
|---|---|---|---|---|---|---|---|
| Net revenue | $ 46,427 | $ 44,912 | $ 42,654 | $ 1,515 | 3 % | $ 3,773 | 9 % |
| – reported | |||||||
| Net revenue | $ 47,120 | $ 45,680 | $ 43,315 | $ 1,440 | 3 | $ 3,805 | 9 |
| – managed | |||||||
| Noninterest expense | $ 24,281 | $ 23,779 | $ 22,565 | $ 502 | 2 | $ 1,716 | 8 |
| Provision for credit losses | $ 3,403 | $ 2,849 | $ 3,111 | $ 554 | 19 | $ 292 | 9 |
| Net income | $ 14,393 | $ 14,987 | $ 12,898 | $ -594 | -4 % | $ 1,495 | 12 % |
| Earnings per share – diluted | $ 5.07 | $ 5.24 | $ 4.37 | $ -0.17 | -3 % | $ 0.70 | 16 % |
| Return on common equity | 17 % | 18 % | 16 % | ||||
| Return on tangible common equity | 20 | 21 | 19 |
CONDENSED CONSOLIDATED BALANCE SHEETS ($ millions)
| September 30, 2025 | June 30, 2025 | September 30, 2024 | |
|---|---|---|---|
| Assets | |||
| Cash and cash equivalents | $ 1,448,181 | $ 1,231,145 | $ 1,124,365 |
| Securities available for sale | $ 482,345 | $ 505,893 | $ 451,489 |
| Loans, net of unearned income | $ 1,465,500 | $ 1,396,790 | $ 1,290,225 |
| Other assets | $ 482,111 | $ 450,145 | $ 427,789 |
| Total Assets | $ 3,878,137 | $ 3,583,461 | $ 3,293,868 |
| Liabilities and Equity | |||
| Total liabilities | $ 3,511,562 | $ 3,241,859 | $ 2,980,453 |
| Shareholders’ equity | $ 366,575 | $ 341,602 | $ 313,415 |
| Total Liabilities and Equity | $ 3,878,137 | $ 3,583,461 | $ 3,293,868 |