Earnings Call
Jan 12, 2026
Q4 FY2025
EPS Estimate
4.85
EPS Actual
4.63
Post-Earnings Close
$300.51
Earnings Reaction
-4.7%
JPMorgan Chase reported Q4 2025 net income of $13.0 billion and EPS of $4.63 on a reported basis, which included a $2.2 billion reserve build tied to the forward purchase commitment of the Apple Card portfolio. Excluding that significant item, adjusted EPS came in at approximately $5.23, comfortably ahead of the $4.85 consensus estimate. Managed revenue of $46.8 billion, up 7% year-over-year, also beat estimates, driven by strong markets performance, higher asset management fees, and auto lease income. For the full year, the firm delivered net income of $57.5 billion, EPS of $20.18, and an ROTCE of 20% on an adjusted basis, underscoring the durability of JPMorgan's diversified franchise even as net income dipped modestly versus 2024 on a reported basis.
Report generated on Apr 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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