JPMorgan Chase & Co (JPM) FY2025 10-K Annual Report

Filed: Feb 13, 2026
Financials
National Commercial BanksSEC EDGAR

JPMorgan Chase & Co (JPM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

JPMorgan Chase & Co FY2025 10-K Analysis

Business Overview

  • Core business model: diversified financial services including investment banking, consumer and small business banking, commercial banking, transaction processing, and asset management
  • Emphasis on regulatory developments in capital and liquidity requirements, with U.S. Basel III amendments proposed in July 2023 and delayed EU/U.K. Basel III implementations starting 2025-2027
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Risk Factors

  • Regulatory/legal risk from allowance for loan losses under U.S. GAAP, involving judgment on macroeconomic forecasts including U.S. unemployment and GDP for $1,035.8B loan portfolio
  • Macroeconomic exposure to U.S. market with loan portfolios totaling $1.5T net of $25.8B allowance, sensitive to U.S. unemployment, GDP, corporate credit spreads, and real estate prices
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JPMorgan Chase & Co FY2025 Key Financial Metrics
XBRL

Revenue

$182.4B

+2.8% YoY

Net Income

$57.0B

-2.4% YoY

Net Margin

31.3%

-166bp YoY

ROE

15.7%

-122bp YoY

Total Assets

$4.42T

+10.5% YoY

EPS (Diluted)

$20.02

+1.4% YoY

Operating Cash Flow

-$147.8B

-251.8% YoY

Source: XBRL data from JPMorgan Chase & Co FY2025 10-K filing on SEC EDGAR. All figures in USD.

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