On July 15, JPMorganChase reported firm-wide Q2 2025 financial results, including net income of $15 billion. Part of the Commercial & Investment Bank, J.P. Morgan Payments delivered another outstanding quarter, generating $4.7 billion in revenue—a 4% year-over-year increase. Excluding the net impact of equity investments, Payments revenue rose 3%, driven by higher deposit balances.

The results underscore J.P. Morgan Payments’ sustained growth trajectory, continued innovation and commitment to delivering scale and performance for clients globally.

“We achieved this record-breaking quarter for our business by staying committed to delivering great client experiences, and through several major accomplishments, including launching JPMD, our own deposit token, and expanding our collaboration with SAP to deliver enhanced payment capabilities. Our team has also remained completely focused on stability and resiliency while also delivering next-gen solutions to help our clients grow,” said Umar Farooq, Global Co-Head of J.P. Morgan Payments.

Marquee highlights from the second quarter of 2025 include:

  • Piloting JPMD, a USD deposit token, on Base, the Ethereum Layer 2 blockchain built within Coinbase. JPMD will enhance digital payments for institutions by making it faster and easier to move money on public blockchain.
  • Expanding the payment experience for Formula 1 Crypto.com Miami Grand Prix during the 2025 race, including biometric payments, online payments and e-commerce, and mobile concessions.
  • Collaborating with SAP to enable integrated banking experiences within SAP S/4HANA Cloud for joint clients.

To learn more about the firm’s Q2 earnings, read the full release here.