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Sep 30
JPMorgan Q3 2025 Earnings Report
JPMorgan reported strong results in Q3 2025 driven by broad-based growth across business segments and record Markets revenue.
Key Takeaways
JPMorgan delivered solid Q3 2025 results with net income of $14.4B and revenue of $47.1B, supported by strong performance in Corporate & Investment Bank and record Markets revenue. Expenses rose modestly, while ROTCE reached 20%.
Net income rose to $14.4B, a 12% YoY increase.
Revenue reached $47.1B, driven by strength in Markets and Payments.
EPS came in at $5.07 with ROTCE at 20%.
Credit costs increased to $3.4B due to higher charge-offs in Card Services and Wholesale.
JPMorgan
JPMorgan
JPMorgan Revenue by Segment
Revenue by Segment
Consumer & Comm. Banking Revenue
CapyFin.comCorp. & Invest. Bank Revenue
CapyFin.comAsset & Wealth Mgmt Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
JPMorgan reaffirmed its FY25 outlook, projecting strong net interest income and steady expense levels, while cautioning on credit trends.
Positive Outlook
- FY25 net interest income projected at ~$95.8B.
- Adjusted expense guidance held at ~$95.9B.
- NII excluding Markets expected to be ~$92.2B.
- Positive trends in card revolving balances and client activity.
- Strong momentum in asset management inflows.
Challenges Ahead
- Card Services charge-off rate expected to remain elevated at ~3.3%.
- Deposit margin compression continues to weigh on NII.
- Moderation in deposit growth across segments.
- Uncertainty in macroeconomic factors impacting reserve builds.
- LCR metrics slightly down QoQ, indicating marginal liquidity tightening.