JPMorgan Chase Asset & Wealth Management — Labor and Related Expense increased by 5.9% to $2.28B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $2.06B to $2.28B. Over 3 years (FY 2022 to FY 2025), Asset & Wealth Management — Labor and Related Expense shows an upward trend with a 10.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal investment in talent or higher performance-based compensation, while a decrease may indicate cost-cutting or reduced headcount.
The total costs associated with employee compensation, including salaries, benefits, bonuses, and payroll taxes within t...
Standard operating expense category; peers report this as 'Personnel Expense' or 'Compensation and Benefits'.
jpm_segment_asset_wealth_management_labor_and_related_expense| 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 | $1.58B | $1.58B | $1.58B | $1.58B | $1.78B | $1.78B | $1.78B | $1.78B | $1.97B | $1.96B | $1.99B | $2.06B | $2.10B | $2.11B | $2.16B | $2.28B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.3% | +0.0% | +0.0% | +0.0% | +10.9% | -0.6% | +1.7% | +3.2% | +1.8% | +0.8% | +2.0% | +5.9% |
| YoY Change | — | — | — | — | +12.3% | +12.3% | +12.3% | +12.3% | +10.9% | +10.2% | +12.1% | +15.7% | +6.3% | +7.8% | +8.1% | +10.9% |
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