NYSE$JPM

JPMorgan Chase & Co · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

JPMorgan Chase reported Q1 2025 net revenue of $45.3B with net income of $14.6B and diluted EPS of $5.07.

Net revenue was $45.31 billion as investment banking and markets activity supported results. Net income was $14.64 billion, or $5.07 per diluted share, with consumer and community banking and asset & wealth management discussed in the filing.

  • Q1 net revenue $45.31B.
  • Net income $14.64B; diluted EPS $5.07.
  • CET1 and capital return highlighted in MD&A.
  • NII and fee income trends across segments.

Headline financials

Total Revenue

$45.3B

Previous: $41.9B+8.1%
EPS (adj)

$5.07

Previous: $4.44+14.2%
Return on Equity

18.0%

No prior period
Return on Tangible Equity

21.0%

No prior period
CET1 Capital Ratio

15.4%

No prior period
TLAC

$558B

No prior period
Standardized RWA

$1.8T

No prior period
CCB ROE

31.0%

No prior period
CIB ROE

18.0%

No prior period
AWM ROE

39.0%

No prior period
Assets Under Management

$4.1T

No prior period
Mobile Customers Growth

0.0%

No prior period
Net Income

$14.6B

Previous: $13.4B+9.1%
Operating Income

$14.6B

Previous: $12B+21.9%

Revenue & EPS history

JPMorgan · Revenue · Quarterly

$45.3B

Q1 2025+8.1%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

JPMorgan · $24.9B total across 3 segments · Q3 2023

  • Consumer & Community
    $18.4B+28.6%
  • Asset & Wealth Mgmt
    $5.01B+10.3%
  • Corporate
    $1.56B+615.9%

Forward guidance

Bank outlook cites net interest income, credit quality, and capital returns.

Tailwinds

  • Fee income and markets activity.
  • Capital ratios and buyback capacity.

Headwinds

  • Deposit costs and credit normalization.
  • Regulatory and macro uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.8%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+8.4%

Q1 2023

Best reaction

-10.2%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-1.1%-4.4%
Q4 2025-3.7%-3.7%-6.7%
Q3 2025-2.2%-3.4%+0.5%
Q2 2025+1.2%+0.0%+5.6%
Q1 2025+4.0%+1.1%+11.4%
Q4 2024+2.7%+4.7%+11.8%
Q3 2024+4.1%+5.1%+11.3%
Q2 2024+1.3%+4.5%-0.8%
Q1 2024-6.4%-7.9%+1.7%
Q4 2023-1.4%-1.9%+2.8%
Q3 2023+1.4%+0.1%+0.4%
Q2 2023+3.0%+3.6%+3.7%
Q1 2023+8.4%+9.5%+4.0%
Q4 2022+0.9%-2.1%+1.1%
Q3 2022+5.9%+6.5%+23.7%
Q2 2022+0.9%+2.4%+9.1%
Q1 2022-4.1%-2.3%-9.5%
Q4 2021-10.1%-11.5%-8.5%
Q3 2021-1.1%+0.7%+0.9%
Q2 2021-1.8%-3.9%+2.4%
Q1 2021-1.2%-0.9%+6.4%
Q4 2020-2.2%-3.7%+0.1%
Q3 2020-2.2%-0.9%+10.7%
Q2 2020+2.1%+0.5%+4.8%
Q1 2020-7.5%-3.1%-10.9%
Q4 2019-0.3%+0.7%+0.5%
Q3 2019+2.8%+3.5%+10.4%
Q2 2019+0.1%-0.3%-7.6%
Q1 2019+3.5%+7.6%+5.9%
Q4 2018+1.5%+3.6%+1.5%
Q3 2018-1.7%+1.6%+2.9%
Q2 2018+3.5%+4.4%+8.3%
Q1 2018-2.8%-3.6%+0.4%
Q4 2017+1.3%+1.9%-0.7%
Q3 2017-1.0%+0.8%+0.7%
Q2 2017-1.8%-2.0%-1.8%
Q1 2017+0.5%-0.3%+1.8%
Q4 2016-3.1%-2.7%+0.9%
Q3 2016-0.8%+0.9%+13.2%
Q2 2016+1.6%+1.1%+3.4%
Q1 2016+5.6%
Q4 2015-0.5%
Q3 2015-2.8%
Q2 2015+1.6%
Q1 2015+3.4%
Q4 2014-6.5%
Q3 2014-4.5%
Q2 2014+4.3%
Q1 2014-4.3%
Q4 2013+3.1%
Q3 2013+0.4%
Q2 2013-0.5%
Q1 2013-2.8%
Q4 2012+0.2%
Q4 2011+0.3%
Q3 2012+0.7%
Q2 2012+3.1%
Q1 2012-3.4%
Q3 2011-0.4%
Q2 2011-10.2%
Q1 2011-0.2%
Q4 2009-2.3%
Q4 2010-2.3%
Q3 2010+0.3%
Q2 2010-3.5%
Q1 2009+1.9%
Q1 2010+1.3%
Q4 2007+1.9%
Q3 2008+1.6%
Q3 2009+1.6%
Q2 2009-2.6%
Q4 2008-2.6%
Q2 2008-2.6%

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