---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-001915"
form_type: "8-K"
ticker: "JPM"
cik: "0000019617"
company_name: "JPMORGAN CHASE & CO"
filed_at: "2026-01-13T23:59:59+00:00"
generated_at: "2026-05-16T10:43:32.887145+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JPMorgan 4Q25 net income $13.0B ($4.63 EPS); 2026 NII ex Markets guidance ~$95B

## Summary
- Net income of $13.0B ($4.63 diluted EPS); excluding $2.2B Apple card reserve, EPS was $5.23.
- Managed revenue $46.8B, up 7% YoY; NII ex Markets $23.9B, up 4% YoY; Markets revenue $8.2B, up 17%.
- Credit costs $4.7B include $2.2B reserve for Apple card portfolio forward purchase commitment.
- FY2025 net income $57.0B ($20.02 EPS), down 2% vs 2024; revenue $185.6B, up 3%.
- 2026 guidance: NII ex Markets ~$95B, adjusted expense ~$105B, Card Services NCO rate ~3.4%.

## SEC filing metadata
- accession: 0001628280-26-001915
- form_type: 8-K
- ticker: JPM
- cik: 0000019617
- company_name: JPMORGAN CHASE & CO
- filed_at: 2026-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19617/000162828026001915/0001628280-26-001915-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19617/000162828026001915/jpm-20260113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-001915
- JSON: https://secwatch.observer/filing/0001628280-26-001915.json
- Plain text: https://secwatch.observer/filing/0001628280-26-001915.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.