JPMorganChase Q4 FY25: where the revenue came from and where it went
The whole income statement of JPMorganChase for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 13, 2026
Revenue$45.8B
+7% year over year
Operating profit$17.2B
37% margin
Net profit$13.0B
28% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 46.2 | 101% | |
| Principal transactions | 27.2 | 60% | |
| Equity | 14.8 | 32% | |
| Interest rate | 4.2 | 9% | |
| Eliminations | −0.4 | −1% | |
| Net revenue | 45.8 | 100% | +7% |
| Operating expenses | −28.6 | 62% | |
| Occupancy & other | −4.6 | 10% | +0pp |
| Professional & outside services | −10.2 | 22% | +0pp |
| Technology & equipment | −9.2 | 20% | +0pp |
| Marketing | −4.6 | 10% | +0pp |
| Operating profit | 17.2 | 37% margin | −3pp |
| Tax | −4.2 | ||
| Net profit | 13.0 | 28% margin | −4pp |
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