JPMorgan Chase & Co. announced its financial results for the fourth quarter and full year of 2025. The fourth quarter was impacted by a significant $2.2 billion credit reserve established for the forward purchase commitment of the Apple credit card portfolio. The firm also provided its financial outlook for 2026, expecting net interest income of approximately $103 billion.
Key Details
- Q4 2025 Results: Reported net income of $13.0 billion with managed revenue of $46.8 billion, an increase of 7% year-over-year. Diluted Earnings Per Share (EPS) were $4.63.
- Significant Item: Q4 results included a $2.2 billion credit reserve build related to the Apple credit card portfolio, which reduced net income by $1.7 billion (after tax) and EPS by $0.60.
- Full-Year 2025 Results: Reported net income of $57.0 billion on managed revenue of $185.6 billion (+3% YoY), with an EPS of $20.02.
- 2026 Outlook: The firm projects approximately $103 billion in net interest income and approximately $105 billion in adjusted expenses for the full year 2026.