Asset & Wealth Management — Noncompensation expense
Business Segments · Noncompensation expenseJPMorgan Chase Asset & Wealth Management — Noncompensation expense increased by 7.4% to $1.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.2%, from $1.71B to $1.79B. Over 3 years (FY 2022 to FY 2025), Asset & Wealth Management — Noncompensation expense shows an upward trend with a 6.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025
How to read this metric
Lower values relative to revenue indicate better operational efficiency and cost management.
Detailed definition
Operating expenses within the Asset and Wealth Management segment excluding personnel costs, such as technology, marketi...
Peer comparison
Commonly referred to as 'Non-Personnel Expense' or 'General and Administrative Expense' at peer firms.
Metric ID:
jpm_segment_asset_wealth_management_noncompensation_expenseHistorical Data
16 periods
| 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 | $1.37B | $1.37B | $1.37B | $1.37B | $1.42B | $1.42B | $1.42B | $1.42B | $1.49B | $1.58B | $1.65B | $1.71B | $1.62B | $1.62B | $1.66B | $1.79B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +3.1% | +0.0% | +0.0% | +0.0% | +5.1% | +6.4% | +3.9% | +4.2% | -5.7% | +0.2% | +2.6% | +7.4% |
| YoY Change | — | — | — | — | +3.1% | +3.1% | +3.1% | +3.1% | +5.1% | +11.8% | +16.2% | +21.0% | +8.7% | +2.4% | +1.1% | +4.2% |
Range$1.37B – $1.79B
CAGR+7.3%
Avg YoY Growth+6.9%
Median YoY Growth+3.7%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is JPMorgan Chase's asset & wealth management — noncompensation expense?
- JPMorgan Chase (JPM) reported asset & wealth management — noncompensation expense of $1.79B in Q4 2025.
- How has JPMorgan Chase's asset & wealth management — noncompensation expense changed year-over-year?
- JPMorgan Chase's asset & wealth management — noncompensation expense increased by 4.2% year-over-year, from $1.71B to $1.79B.
- What is the long-term trend for JPMorgan Chase's asset & wealth management — noncompensation expense?
- Over 3 years (2022 to 2025), JPMorgan Chase's asset & wealth management — noncompensation expense has grown at a 6.8% compound annual growth rate (CAGR), from $5.49B to $6.69B.
- What does asset & wealth management — noncompensation expense mean?
- All operating costs for the wealth management division excluding employee pay and benefits.