She was reported missing earlier in the day having last been seen on Tuesday.
The death is being treated as unexplained with police continuing to investigate the circumstances of her disappearance.
A short statement said: “Around 1.45pm on Wednesday, 25 June, 2025, the body of a woman was found in the water near Hallglen Terrace, Hallglen, Falkirk.
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“Formal identification is yet to take place, however the family of Jennifer Stephen, who was reported missing earlier in the day, has been informed.
“The death is being treated as unexplained and enquiries ongoing.”
