JPMORGAN CHASE & CO
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
JPM$334.49-0.8%Stored close · as of Nov 6, 2026
Contents
Accounting and Reporting Developments
| ACCOUNTING AND REPORTING DEVELOPMENTS | ||
|---|---|---|
| FASB Standards Issued but not yet Adopted | ||
| Standard | Summary of guidance | Effects on financial statements |
| Income Taxes: Improvements to Income Tax DisclosuresIssued December 2023 | •Requires disclosure of income taxes paid disaggregated by 1) federal, state, and foreign taxes and 2) individual jurisdiction on the basis of a quantitative threshold of equal to or greater than 5 percent of total income taxes paid (net of refunds received).•Requires disclosure of the effective tax rate reconciliation by specific categories, at a minimum, with accompanying qualitative disclosures, and separate disclosure of reconciling items based on quantitative thresholds. •Requires categories within the effective tax rate reconciliation to be further disaggregated if quantitative thresholds are met. | •Required effective date: Annual financial statements for the year ending December 31, 2025.•The guidance is to be applied on a prospective basis with retrospective application permitted.•The Firm plans to present the expanded income tax disclosures using a retrospective application in its Consolidated Financial Statements for the year ending December 31, 2025. |
| Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures: Disaggregation of Income Statement ExpensesIssued November 2024 | •Requires additional disaggregation of specific types of expenses within the Notes to the Consolidated Financial Statements on an annual and interim basis. | •Required effective date: Annual financial statements for the year ending December 31, 2027. (a)•The guidance may be applied on a prospective or retrospective basis.•The Firm is evaluating the potential impact on the Consolidated Financial Statements disclosures, as well as the Firm’s planned date of adoption. |
| Derivatives and Hedging and Revenue from Contracts with Customers: Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue ContractIssued September 2025 | •No longer requires derivative accounting treatment for certain contracts where the underlying variable is solely based on the specific operations or activities of one of the contracting parties. The new guidance also clarifies the applicability of derivative accounting treatment to contracts with both in scope and out of scope terms.•Clarifies the accounting for share-based payments from a customer in exchange for goods or services. | •Required effective date: January 1, 2027. (a)•The guidance may be applied on a prospective or modified retrospective basis.•The Firm is evaluating the potential impact on the Consolidated Financial Statements, as well as the Firm's planned date of adoption. |
| Intangibles - Goodwill and Other - Internal-Use Software: Targeted Improvements to the Accounting for Internal-Use SoftwareIssued September 2025 | •Amends the cost capitalization guidance by removing all references to software development project stages to better align with current software development methods.•Requires software cost capitalization to begin when 1) management has authorized and committed to funding the software project, and 2) it is probable that the software will be completed and used to perform its intended function. | •Required effective date: January 1, 2028. (a)•The guidance may be applied on a prospective, modified, or retrospective transition basis.•The Firm is evaluating the potential impact on the Consolidated Financial Statements, as well as the Firm’s planned date of adoption. |
(a)Early adoption is permitted.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.