JPMorgan Q4 2025 Financial Results and Impact of Apple Deal on Earnings

JPMorgan reported its Q4 2025 financial results with revenue of USD 45,798 million, surpassing estimates. Net interest income reached USD 25,100 million, and net income was USD 13,025 million, reflecting a 7% decline. Adjusted EPS was USD 5.23, beating estimates. The decline in net income was partly due to a $2.2 billion credit reserve linked to its new credit card issuer deal with Apple, which reduced earnings per share by 60 cents. Excluding the Apple deal, profits rose to $14.7 billion. Investment banking fees fell 5% year-over-year, contributing to a 3% drop in JPMorgan's shares. CFO Jeremy Barnum warned about the impact of a proposed 10% cap on credit-card interest rates. CEO Jamie Dimon cautioned against undermining Fed independence. US stock markets showed little change as investors digested December's softer-than-expected inflation data and initial Q4 earnings reports, including JPMorgan's results.

Latest News

01-14
BUZZ-Street View: JPM’s growth story shines, with a hint of prudence
BUZZ-Street View: JPM’s growth story shines, with a hint of prudence
01-14
EMERGING MARKETS-Equities hit record high as domestic data and Fed rate-cut outlook in focus
EMERGING MARKETS-Equities hit record high as domestic data and Fed rate-cut outlook in focus
01-14
Dow Falls Around 400 Points Following Inflation Data: Investor Sentiment Declines, Fear & Greed Index Remains In 'Greed' Zone
Dow Falls Around 400 Points Following Inflation Data: Investor Sentiment Declines, Fear & Greed Index Remains In 'Greed' Zone
01-14
Dow Jones Top Markets Headlines at 1 AM ET: Dow Falls After JPMorgan Kicks Off Earnings Season on a Down Note | China's ...
Dow Jones Top Markets Headlines at 1 AM ET: Dow Falls After JPMorgan Kicks Off Earnings Season on a Down Note | China's ...
01-14
US Equity Markets Fall as Investors Weigh Bank Earnings, December Inflation Data
US Equity Markets Fall as Investors Weigh Bank Earnings, December Inflation Data
01-14
Dow Falls, Weighed Down by JPMorgan -- WSJ
Dow Falls, Weighed Down by JPMorgan -- WSJ
01-14
U.S. Stocks Slip on Financial Weakness -- Market Talk
U.S. Stocks Slip on Financial Weakness -- Market Talk
01-14
Mixed Market Performance, Intel Soars 7.33%, JPMorgan Drops 4.19%
Mixed Market Performance, Intel Soars 7.33%, JPMorgan Drops 4.19%
01-14
US Equity Indexes Lower After Bank Earnings, Inflation Print
US Equity Indexes Lower After Bank Earnings, Inflation Print
01-14
Wall Street Readies Dual Strategy of Concessions and Counterattacks Amid Trump's Credit Card Offensive
Wall Street Readies Dual Strategy of Concessions and Counterattacks Amid Trump's Credit Card Offensive
01-14
RPT-UPDATE 3-JPMorgan says Trump's credit card cap would hurt consumers and the economy
RPT-UPDATE 3-JPMorgan says Trump's credit card cap would hurt consumers and the economy
01-14
US STOCKS-Wall St drops as JPMorgan's warning on credit card rate-cap proposal hurts financials
US STOCKS-Wall St drops as JPMorgan's warning on credit card rate-cap proposal hurts financials
01-14
Top Midday Stories: Boeing Q4 Deliveries Rise; L3Harris $1 Billion Investment; JPMorgan Chase Q4 Earnings Fall
Top Midday Stories: Boeing Q4 Deliveries Rise; L3Harris $1 Billion Investment; JPMorgan Chase Q4 Earnings Fall
01-14
Dow Jones Top Company Headlines at 11 AM ET: JPMorgan Profit Falls on Investment-Banking Miss, Apple Card Charge | Delta ...
Dow Jones Top Company Headlines at 11 AM ET: JPMorgan Profit Falls on Investment-Banking Miss, Apple Card Charge | Delta ...
01-13
BUZZ-JPMorgan falls as investment banking fees dip, credit card cap worries weigh
BUZZ-JPMorgan falls as investment banking fees dip, credit card cap worries weigh
01-13
Stock Track | MasterCard Plummets 5.06% Intraday as JPMorgan CFO Warns of Credit Card Rate Cap Impact
Stock Track | MasterCard Plummets 5.06% Intraday as JPMorgan CFO Warns of Credit Card Rate Cap Impact
01-13
JPMorgan's CFO Says Too Early To Comment on Conversations With White House on Credit Card Rate Cap Measure -- Market Talk
JPMorgan's CFO Says Too Early To Comment on Conversations With White House on Credit Card Rate Cap Measure -- Market Talk
01-13
U.S. Stocks Open Nearly Flat on Tuesday as December CPI Meets Expectations
U.S. Stocks Open Nearly Flat on Tuesday as December CPI Meets Expectations
01-13
Shares of U.S. Payments Processors Fall After JPMorgan CFO Warns Credit Card Rate Cap Could Hurt US Consumers, Economy
Shares of U.S. Payments Processors Fall After JPMorgan CFO Warns Credit Card Rate Cap Could Hurt US Consumers, Economy
01-13
Dow Slips; Core Inflation Softer Than Forecast -- WSJ
Dow Slips; Core Inflation Softer Than Forecast -- WSJ
01-13
JPMorgan Shares Fall Nearly 1% After Q4 Results
JPMorgan Shares Fall Nearly 1% After Q4 Results
01-13
US STOCKS SNAPSHOT-S&P 500, Dow open near record highs after mixed earnings, inflation data
US STOCKS SNAPSHOT-S&P 500, Dow open near record highs after mixed earnings, inflation data
01-13
Stocks Are Little Changed As Traders Assess Earnings, Latest Inflation Data
Stocks Are Little Changed As Traders Assess Earnings, Latest Inflation Data
01-13
What the December Inflation Report Means for the Fed
What the December Inflation Report Means for the Fed
01-13
US STOCKS-Wall Street set for muted open after mixed results from JPMorgan, Delta Air
US STOCKS-Wall Street set for muted open after mixed results from JPMorgan, Delta Air
01-13
Soft Inflation Reports Could Open Door for Fed Cuts Soon -- Market Talk
Soft Inflation Reports Could Open Door for Fed Cuts Soon -- Market Talk
01-13
INSTANT VIEW-December rise in US consumer prices backs Fed pause this month
INSTANT VIEW-December rise in US consumer prices backs Fed pause this month
01-13
Dow Jones Top Markets Headlines at 9 AM ET: Pace of Inflation Held Steady in December; Consumer Prices Up 2.7% on Year | Jamie ...
Dow Jones Top Markets Headlines at 9 AM ET: Pace of Inflation Held Steady in December; Consumer Prices Up 2.7% on Year | Jamie ...
01-13
INSTANT VIEW-December rise in US consumer prices backs Fed pause this month
INSTANT VIEW-December rise in US consumer prices backs Fed pause this month
01-13
Dimon warns on Trump's credit-card rate proposal as JPMorgan tops earnings goal
Dimon warns on Trump's credit-card rate proposal as JPMorgan tops earnings goal
01-13
US STOCKS SNAPSHOT-Wall St futures pare declines after December inflation data
US STOCKS SNAPSHOT-Wall St futures pare declines after December inflation data
01-13
Pace of Inflation Held Steady in December; CPI Up 2.7% on Year -- WSJ
Pace of Inflation Held Steady in December; CPI Up 2.7% on Year -- WSJ
01-13
JPMorgan Chase (JPM.US) Reports Unexpected Q4 Investment Banking Revenue Decline, Bond Underwriting "Misfires" Drag on Performance
JPMorgan Chase (JPM.US) Reports Unexpected Q4 Investment Banking Revenue Decline, Bond Underwriting "Misfires" Drag on Performance
01-13
摩根大通(JPM.US)Q4投行收入意外下滑 债券承销“哑火”拖累业绩
摩根大通(JPM.US)Q4投行收入意外下滑 债券承销“哑火”拖累业绩
01-13
JPMorgan CFO Barnum Says a Cap on Interest Rates on Credit Cards "Will Be Very Bad for Consumers"
JPMorgan CFO Barnum Says a Cap on Interest Rates on Credit Cards "Will Be Very Bad for Consumers"
01-13
JPMorgan CFO Barnum Says Not Seeing Deterioration in Consumer Credit
JPMorgan CFO Barnum Says Not Seeing Deterioration in Consumer Credit
01-13
Jamie Dimon says U.S. economy is resilient as JPMorgan Chase earnings beat expectations
Jamie Dimon says U.S. economy is resilient as JPMorgan Chase earnings beat expectations
01-13
JPMorgan Q4 EPS USD 4.63
JPMorgan Q4 EPS USD 4.63
01-13
JPMorgan Chase(JPM.US):2025年Q4财报实现营收467.67亿美元,前值为437.38亿美元,预
JPMorgan Chase(JPM.US):2025年Q4财报实现营收467.67亿美元,前值为437.38亿美元,预
01-13
Jpmorganchase Reports Fourth-Quarter and Full-Year 2025 Financial Results
Jpmorganchase Reports Fourth-Quarter and Full-Year 2025 Financial Results
01-13
JPMorgan profit beats estimates on trading boom, takes hit on Apple card
JPMorgan profit beats estimates on trading boom, takes hit on Apple card
01-13
Earnings Flash (JPM) JPMorgan Chase Posts Q4 EPS $4.63, vs. FactSet Est of $4.85
Earnings Flash (JPM) JPMorgan Chase Posts Q4 EPS $4.63, vs. FactSet Est of $4.85
01-13
JPMorgan Chase Q4 Adj. EPS $5.23 Beats $4.92 Estimate, Sales $46.767B Beat $46.024B Estimate
JPMorgan Chase Q4 Adj. EPS $5.23 Beats $4.92 Estimate, Sales $46.767B Beat $46.024B Estimate
01-13
JPMorgan: Q4 Results Include $2.2 Billion Credit Reserve Established for the Forward Purchase Commitment of the Apple Credit Card Portfolio
JPMorgan: Q4 Results Include $2.2 Billion Credit Reserve Established for the Forward Purchase Commitment of the Apple Credit Card Portfolio
01-13
JPMorgan Q4 Net Income USD 13,025 Million
JPMorgan Q4 Net Income USD 13,025 Million
01-13
JPMorgan Q4 Credit Loss Provision USD 4,655 Million
JPMorgan Q4 Credit Loss Provision USD 4,655 Million
01-13
JPMorgan Q4 Adjusted EPS USD 5.23 VS. Ibes Estimate USD 4.7
JPMorgan Q4 Adjusted EPS USD 5.23 VS. Ibes Estimate USD 4.7

User Discussion

JP
avatarkoolgal
01-15
🌟🌟🌟Sometimes the market doesn't fall because the numbers are bad.  It falls because of bad news. That is exactly what happened with $JPMorgan Chase(JPM)$ Q4 25 earnings. JPMorgan actually delivered strong results : USD 13 billion in net income.  USD 46.8 billion in revenue, up YoY.  Trading revenue  beats analysts expectations. JPMorgan is not a weak bank.  This is US's largest bank with rock solid balance sheet. Why did JPMorgan fall? Even though results beat expectations profit declined from last year. JPMorgan absorbed a charge tied to Apple Card loan portfolio takeover. Credit costs rose to USD 4.7 billion including reserve builds.Markets see this as a warning as consumers are starting to strain. I believe the single