JPM — Q4 2025 Earnings Call
Financial ServicesJPMorgan Chase & Co. • Reported: 2026-01-14
EPS Actual
$5.12
Est. $4.65
▲ Beat
Revenue Actual
$46.2B
Est. $44.8B
▲ Beat
Overall Result
Double Beat
EPS + Revenue vs. estimates
Period
Q4 2025
FY2025 • Reported 2026-01-14
Executive Summary
JPMorgan Chase reported record Q4 2025 results with revenue of $46.2 billion. Full-year 2025 net income reached $62 billion, another record. Investment banking fees grew 32% as the M&A cycle continued to recover. The firm announced a $40 billion share buyback.
Key Highlights
Revenue
positive
Record Q4 revenue
Revenue of $46.2B beat estimates by $1.4B, with full-year at record levels.
Investment Banking
positive
IB fees up 32%
Investment banking revenue grew 32% as M&A and IPO activity recovered.
Net Income
positive
Record $62B net income
Full-year 2025 net income of $62B set a new record for any US bank.
Buyback
positive
$40B buyback authorized
Board authorized $40 billion in share repurchases over 2026.
Direct Quotes
JD
Jamie Dimon
CEO • Record Year
"We delivered another year of record results. The global economy has been more resilient than expected, and our diversified business model continues to perform across cycles."
JB
Jeremy Barnum
CFO • Financial Results
"Net income of $62 billion reflects strong performance across every line of business. Our fortress balance sheet gives us flexibility in any environment."