Commercial & Investment Bank — Noncompensation expense
Business Segments · Noncompensation expenseJPMorgan Chase Commercial & Investment Bank — Noncompensation expense increased by 0.2% to $4.87B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.1%, from $4.68B to $4.87B. Over 3 years (FY 2022 to FY 2025), Commercial & Investment Bank — Noncompensation expense shows an upward trend with a 6.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Lower relative costs indicate higher operational efficiency, while rising costs may reflect necessary investments in technology or regulatory compliance.
Detailed definition
This covers all operating costs excluding personnel, such as technology, occupancy, professional fees, and marketing. It...
Peer comparison
Standard 'Non-Interest Expense' component found in all corporate financial disclosures.
jpm_segment_commercial_investment_bank_noncompensation_expenseHistorical Data
| 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 | $3.96B | $3.96B | $3.96B | $3.96B | $4.22B | $4.22B | $4.22B | $4.22B | $3.83B | $4.41B | $4.24B | $4.68B | $4.51B | $4.63B | $4.86B | $4.87B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.4% | +0.0% | +0.0% | +0.0% | -9.2% | +15.3% | -3.9% | +10.3% | -3.6% | +2.5% | +5.0% | +0.2% |
| YoY Change | — | — | — | — | +6.4% | +6.4% | +6.4% | +6.4% | -9.2% | +4.7% | +0.6% | +11.0% | +17.9% | +4.8% | +14.6% | +4.1% |
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Frequently Asked Questions
- What is JPMorgan Chase's commercial & investment bank — noncompensation expense?
- JPMorgan Chase (JPM) reported commercial & investment bank — noncompensation expense of $4.87B in Q4 2025.
- How has JPMorgan Chase's commercial & investment bank — noncompensation expense changed year-over-year?
- JPMorgan Chase's commercial & investment bank — noncompensation expense increased by 4.1% year-over-year, from $4.68B to $4.87B.
- What is the long-term trend for JPMorgan Chase's commercial & investment bank — noncompensation expense?
- Over 3 years (2022 to 2025), JPMorgan Chase's commercial & investment bank — noncompensation expense has grown at a 6.0% compound annual growth rate (CAGR), from $15.86B to $18.87B.
- What does commercial & investment bank — noncompensation expense mean?
- Operating costs excluding employee salaries and benefits, such as technology and facilities.