Following JPMorganChase’s fourth-quarter 2024 earnings call, we wanted to share some solid J.P. Morgan Payments achievements for Q4 and full-year 2024. We reported strong quarterly revenue of $4.7 billion, a 6% increase year-over-year, driving our FY24 revenues to a record $18.1 billion.

Our key business drivers included a record fee revenue of $1.9 billion, up 13% year-over-year, fueled by growth in Core Cash, Merchant Services, Receivables, and Public Sector. Our deposit balances have exceeded $800 billion, marking a 10% increase year-over-year, driven by underlying client growth. Payments daily average processing volumes reached approximately $10 trillion, a 12% increase year-over-year, while Merchant Services hit $2 trillion in volumes.

Our USD SWIFT market share for the fourth quarter rose to 28.7%, with a Customer Satisfaction score consistently over 90% for the quarter and 91% for the full year.

Among our achievements, we've expanded our biometric payments offerings to Golden State Warriors, Whataburger and the Formula 1 Crypto.com Miami Grand Prix. We assisted PayPal with a notional pooling structure in Luxembourg, ensuring seamless connectivity for its regional banks during the holiday rush. We also processed record surge volumes over the holidays and surpassed $1 billion in fee revenues across Global Clearing, Cross Currency and Receivables & Public Sector. Additionally, we've cleared over 500,000 EUR payments monthly with T2 Bundesbank, capturing nearly 12% of the market share. Finally, we've rebranded the firm’s blockchain business unit to Kinexys by J.P. Morgan, which now processes over $2 billion in transactions daily.

To read the firm-wide earnings release, visit here.