Rewardsand Partner Payments — Card income
Products & Services · Card incomeJPMorgan Chase Rewardsand Partner Payments — Card income decreased by 4.7% to -$7.97B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 14.0%, from -$6.99B to -$7.97B. Over 4 years (FY 2021 to FY 2025), Rewardsand Partner Payments — Card income shows a downward trend with a 13.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in these costs typically reflects higher cardholder spending volume or more aggressive customer acquisition strategies, while a decrease may indicate lower engagement or a shift in reward program structure. Sustained growth in these costs should ideally be offset by higher interchange and interest income to maintain healthy margins.
Detailed definition
This metric represents the direct expenses incurred by a financial institution related to credit card loyalty programs,...
Peer comparison
Peer financial institutions report these as marketing or operating expenses under credit card segments, often categorized as 'rewards expense' or 'marketing and promotion' within the consumer banking division.
jpm_segment_reward_costs_and_partner_payments_card_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$4.28B | -$4.86B | -$5.19B | -$4.87B | -$5.64B | -$5.75B | -$5.90B | -$5.51B | -$6.39B | -$6.28B | -$6.42B | -$6.17B | -$6.79B | -$6.83B | -$6.99B | -$6.79B | -$7.35B | -$7.61B | -$7.97B |
| QoQ Change | — | -13.5% | -6.8% | +6.2% | -15.8% | -1.9% | -2.7% | +6.7% | -16.0% | +1.7% | -2.1% | +3.8% | -10.0% | -0.6% | -2.3% | +2.9% | -8.3% | -3.6% | -4.7% |
| YoY Change | — | — | — | — | -31.7% | -18.3% | -13.7% | -13.1% | -13.3% | -9.3% | -8.7% | -12.0% | -6.2% | -8.8% | -8.9% | -9.9% | -8.3% | -11.4% | -14.0% |
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Frequently Asked Questions
- What is JPMorgan Chase's rewardsand partner payments — card income?
- JPMorgan Chase (JPM) reported rewardsand partner payments — card income of -$7.97B in Q4 2025.
- How has JPMorgan Chase's rewardsand partner payments — card income changed year-over-year?
- JPMorgan Chase's rewardsand partner payments — card income decreased by 14.0% year-over-year, from -$6.99B to -$7.97B.
- What is the long-term trend for JPMorgan Chase's rewardsand partner payments — card income?
- Over 4 years (2021 to 2025), JPMorgan Chase's rewardsand partner payments — card income has grown at a 13.6% compound annual growth rate (CAGR), from -$17.87B to -$29.72B.
- What does rewardsand partner payments — card income mean?
- The total costs associated with credit card rewards programs and payments to co-brand partners.