NYSE$JPM

JPMorgan Chase & Co · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

JPMorgan Chase reported Q3 2025 total net revenue of $46.4B with net income of $14.4B and diluted EPS of $5.07.

Total net revenue was $46.4 billion for the quarter ended September 30, 2025, with net income of $14.4 billion and diluted EPS of $5.07. Results reflected strength across the firm’s businesses, with higher net interest income and investment banking activity versus the prior year.

  • Q3 total net revenue $46.4B; net income $14.4B; diluted EPS $5.07.
  • Investment banking and markets activity supported year-over-year earnings growth.
  • Capital returns and balance-sheet strength remain management priorities.
  • Credit quality and macro rates continue to influence net interest income.

Headline financials

Total Revenue

$46.4B

Previous: $42.7B+8.8%
EPS (adj)

$5.07

Previous: $4.37+16.0%
Return on Equity

17.0%

Previous: 16.0%+6.3%
Return on Tangible Equity

20.0%

Previous: 19.0%+5.3%
CET1 Capital Ratio

14.8%

Previous: 15.3%-3.3%
TLAC

$568B

No prior period
Standardized RWA

$1.94T

No prior period
CCB ROE

35.0%

Previous: 29.0%+20.7%
CIB ROE

18.0%

Previous: 17.0%+5.9%
AWM ROE

40.0%

Previous: 34.0%+17.6%
Assets Under Management

$4.6T

Previous: $3.9T+17.8%
Mobile Customers Growth

60900000.0%

Previous: 57000000.0%+6.8%
Capital Expenditures

$0.00

Previous: $0.00
Net Income

$14.4B

Previous: $12.9B+11.6%
Operating Income

$8.7B

Previous: $4.83B+80.2%
Gross Profit

$43B

Previous: $39.5B+8.8%
Cash & Equivalents

$303B

Previous: $434B-30.1%
Total Assets

$4.56T

Previous: $4.21T+8.3%

Revenue & EPS history

JPMorgan · Revenue · Quarterly

$46.4B

Q3 2025+8.8%vs Q3 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

The release discusses JPMorgan Chase's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Net interest income and capital markets activity influence near-term earnings.
  • JPMorgan Chase cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Credit provisions and interest-rate paths remain key swing factors.

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 Q3 2025

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro