Income StatementBalance SheetCash FlowSegments
Bank of New York Mellon logo

Bank of New York Mellon Income Statement

Revenue, expenses, and profitability over time

Bank of New York Mellon generated $20.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $6.0B with a 29.69% net margin. Diluted EPS is $8.06, which grew 0.3% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$20.1BNet Income (TTM)$6.0BEps Diluted (TTM)$8.06
Latest FilingQ4 2025
Report Date2026-02-25
Market Cap$93.7B
P/E Ratio15.73
ROE13.56%

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Unrecognized Tax Benefits Current Period Increases$2.0M$3.5M$3.5M$3.5M$3.5M—
Unrecognized Tax Benefits Prior Period Decreases$500.0K$1.3M$1.3M$1.3M$1.3M—
Cash Paid for Income Taxes$300.0M$247.8M$247.8M$247.8M$247.8M—
Current income tax expense (benefit)$412.5M$344.0M$344.0M$344.0M$344.0M—
Deferred Foreign Tax Expense (Benefit)-$7.5M-$1.5M-$1.5M-$1.5M-$1.5M—
Income Tax at U.S. Statutory Rate$0.1$370.5M$370.5M$370.5M$370.5M—
State and Local Income Taxes, Net$38.3M$20.3M$20.3M$20.3M$20.3M—
Federal Income Tax Expense (Benefit), Continuing Operations$156.3M$186.5M$186.5M$186.5M$186.5M—
Foreign Income Tax Expense (Benefit), Continuing Operations$141.3M$158.8M$158.8M$158.8M$158.8M—
State and Local Income Tax Expense (Benefit), Continuing Operations$28.8M$23.5M$23.5M$23.5M$23.5M—
Income tax expense$315.0M$300.0M$404.0M$395.0M$376.0M$386.0M
Unrecognized Tax Benefits Reevaluation (Statute Lapse)$2.0M$3.3M$3.3M$3.3M$3.3M—
Tax Reconciliation - Tax Exempt Income0.000.000.000.000.00—
Change in Tax Valuation Allowance-$250.0K-$3.3M-$3.3M-$3.3M-$3.3M—

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue Recognized from Contract Liability—$50.0M$71.0M$73.0M—$50.0M
Interest and Fee Income on Loans and Leases$1.1B$999.0M$1.0B$1.1B$1.1B$1.0B
Interest Income from Fed Funds and Resell Agreements$3.0B$2.9B$3.2B$3.2B$3.0B$2.6B
Interest Income on Trading Debt Securities$88.0M$81.0M$89.0M$94.0M$96.0M$90.0M
Trading revenue$89.0M$71.0M$59.0M$73.0M$76.0M$94.0M
Distribution and servicing fees$37.0M$37.0M$36.0M$37.0M$36.0M$37.0M
Financing-related fees$53.0M$60.0M$51.0M$67.0M$53.0M$62.0M
Foreign exchange revenue$177.0M$156.0M$213.0M$166.0M$171.0M$232.0M
Investment and other revenue$140.0M$230.0M$184.0M$208.0M$135.0M$271.0M
Investment management and performance fees$808.0M$739.0M$758.0M$782.0M$806.0M$785.0M
Investment services fees$2.4B$2.4B$2.6B$2.6B$2.6B$2.7B
Total Fee Revenue$3.5B$3.4B$3.6B$3.6B$3.7B$3.8B
Total noninterest income$3.7B$3.6B$3.8B$3.8B$3.8B$4.0B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$1.1B$1.1B$1.4B$1.3B$1.4B$1.6B
Net income attributable to noncontrolling interests$2.0M$2.0M$12.0M$12.0M$8.0M-$2.0M
Net income$1.2B$1.2B$1.4B$1.4B$1.5B$1.6B
Preferred stock dividends$25.0M$71.0M$32.0M$106.0M$34.0M$70.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equity Securities Upward Price Adjustment$0.0$12.0M$18.0M$2.0M$0.0$26.0M
Transfer to Other Real Estate$2.0M$1.0M$0.0$0.0$0.0$0.0
Interest expense$5.3B$5.0B$5.4B$5.4B$5.0B$4.5B
Realized Gain on AFS Securities$7.0M$4.0M$5.0M$8.0M$2.0M$5.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Expense on Fed Funds and Repurchase Agreements$2.7B$2.6B$2.9B$2.8B—$2.3B
Interest Expense on Trading Liabilities$22.0M$23.0M$35.0M$37.0M$29.0M$27.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
OCI Attributable to Noncontrolling Interest-$7.0M$3.0M$6.0M-$3.0M$0.0-$1.0M
Income tax credits and Other income tax benefits recognized in tax provision$76.0M$142.0M$134.0M$140.0M$266.0M$136.0M
Investment Program, Proportional Amortization Method, Applied, Amortization Expense$67.0M$126.0M$115.0M$112.0M$237.0M$122.0M
Stock options excluded as their inclusion would be anti-dilutive (in shares)12K662K745K159K—978K
Bank assessment charges$16.0M$38.0M$22.0M$6.0M—$24.0M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation-$2.3B$2.8B-$97.0M-$670.0M$315.0M$1.5B
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$366.0M$1.8B$2.0B$1.6B$1.8B$1.2B
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$361.0M$1.8B$2.0B$1.6B$1.8B$1.2B
Change in assets of consolidated investment management funds$31.0M$51.0M$65.0M-$51.0M—$95.0M
Change in liabilities of consolidated investment management funds—$8.0M$9.0M-$13.0M$0.0$6.0M
Change in nonredeemable noncontrolling interests of consolidated investment management funds$68.0M$51.0M$68.0M-$107.0M$37.0M$47.0M
Federal$225.5M$163.5M$163.5M$163.5M$163.5M—
Foreign$148.8M$160.3M$160.3M$160.3M$160.3M—
Total net securities (losses)-$50.0M$0.0-$35.0M-$30.0M-$15.0M-$50.0M
Debt Securities, Available-for-Sale, Realized Loss$57.0M$4.0M$40.0M$38.0M$17.0M$55.0M
Federal-$69.3M$23.0M$23.0M$23.0M$23.0M—
Deferred taxes-$212.0M$83.0M$120.0M-$108.0M$4.0M-$6.0M
State-$9.5M$3.3M$3.3M$3.3M$3.3M—
Number of qualified plans0.250.250.250.250.25—
Depreciation, Amortization and Accretion, Net$428.0M$446.0M$426.0M$428.0M$552.0M$415.0M
Derivative, Gain (Loss) on Derivative, Net$2.0M-$3.0M-$1.0M-$3.0M$8.0M$0.0
Counterparty default losses recorded$0.0$0.0$0.0$0.0$0.0$0.0
Dividends on preferred shares$25.0M$71.0M$32.0M$106.0M$34.0M$70.0M
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$189.0M$126.0M$147.0M-$72.0M$20.0M-$40.0M
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent0.00-0.00-0.00-0.00-0.00—
Effect of cross-border tax laws$500.0K$2.5M$2.5M$2.5M$2.5M—
Effect of cross-border tax laws0.000.000.000.000.00—
Changes in unrecognized tax benefits0.00-0.00-0.00-0.00-0.00—
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent0.000.000.000.000.00—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent0.000.000.000.000.00—
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount$2.0M$0.0$1.0M$0.0$46.0M$0.0
Equity Securities Without Readily Determinable Fair Value, Net Adjustment, Annual Amount-$250.0K-$3.8M-$3.8M-$3.8M-$3.8M—
Equity Securities without Readily Determinable Fair Value, Net Adjustment, Annual Amount-$2.0M$12.0M$17.0M$2.0M—$26.0M
Excise tax on share repurchases—$2.0M$9.0M$8.0M—$2.0M
Excise tax on share repurchases$6.5M$6.0M$6.0M$6.0M$6.0M—
Expense Related to Distribution or Servicing and Underwriting Fees$87.0M$65.0M$63.0M$68.0M$73.0M$73.0M
Financing Receivable, Allowance for Credit Loss and Off Balance Sheet Credit Loss, Liability, Writeoff, after Recovery$29.0M$9.0M$5.0M$4.0M—-$11.0M
Recoveries$1.0M$1.0M$5.0M$1.0M$2.0M$11.0M
Financing Receivable, Allowance for Credit Loss and Off Balance Sheet Credit Loss, Liability, Writeoff$30.0M$10.0M$10.0M$5.0M$0.0$0.0
Provision$24.0M$13.0M-$20.0M-$6.0M-$18.0M-$8.0M
Gross charge-offs—————$0.0
Number of loans modified—————0.00
Foreign Currency Translation and Other Adjustments-$166.0M$81.0M$162.0M-$37.0M$0.0-$33.0M
Goodwill Transfers$0.0————$0.0
Goodwill, Written off Related to Sale of Business Unit—$18.0M$0.0$0.0$0.0—
Income Loss From Continuing Operations Before Income Taxes$1.5B$1.5B$1.8B$1.9B$1.8B$2.0B
Federal taxes$117.0M$76.3M$76.3M$76.3M$76.3M—
Foreign$131.5M$141.5M$141.5M$141.5M$141.5M—
State taxes$55.3M$30.0M$30.0M$30.0M$30.0M—
Changes in unrecognized tax benefits$500.0K-$1.0M-$1.0M-$1.0M-$1.0M—
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount$20.8M$25.3M$25.3M$25.3M$25.3M—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount$4.8M$6.0M$6.0M$6.0M$6.0M—
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount$2.8M$16.5M$16.5M$16.5M$16.5M—
Income taxes paid$356.0M$214.0M$488.0M$196.0M—$200.0M
Increase in common stock dividend———0.13——
Increase (Decrease) in Deposits—$16.6B$32.7B-$30.9B$17.3B$86.2B
Change in federal funds purchased and securities sold under repurchase agreements-$492.0M$1.6B-$212.0M$1.1B$2.4B$525.0M
Other liabilities$1.4B-$3.1B-$714.0M$824.0M—-$1.5B
Change in payables to customers and broker-dealers$332.0M$2.2B-$971.0M$2.4B—$2.9B
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI$1.3B-$1.7B-$924.0M$3.7B-$2.0B$3.6B
Data processing and equipment$520.0M$513.0M$527.0M$542.0M$565.0M$556.0M
Business realignment—————$0.0
Foreign currency translation-$13.0M$6.0M$14.0M-$3.0M$0.0-$4.0M
Interest and Dividend Income, Operating$6.5B$6.1B$6.6B$6.6B$6.3B$5.8B
Interest and Dividend Income, Securities, Operating$1.2B$1.2B$1.3B$1.3B$1.3B$1.3B
Commercial paper$28.0M$14.0M$29.0M$38.0M$25.0M$19.0M
Customer payables$163.0M$157.0M$162.0M$180.0M$170.0M$151.0M
Interest Expense, Deposits$1.9B$1.7B$1.8B$1.8B—$1.6B
Federal funds purchased and securities sold under repurchase agreements$2.5B$2.7B$2.7B$2.7B$2.7B—
Deposits in foreign offices$714.0M$543.5M$543.5M$543.5M$543.5M—
Interest Expense, Long-Term Debt$445.0M$434.0M$452.0M$459.0M$416.0M$401.0M
Other borrowed funds$3.0M$4.0M$6.0M$2.0M$4.0M$4.0M
Deposits with the Federal Reserve and other central banks$1.0B$826.0M$937.0M$892.0M$841.0M$781.0M
Interest Income, Deposits with Financial Institutions$94.0M$84.0M$87.0M$81.0M$73.0M$68.0M
Interest Income (Expense), after Provision for Loan Loss$1.2B$1.1B$1.2B$1.2B$1.4B$1.4B
Interest Income (Expense), Operating$1.2B$1.2B$1.2B$1.2B$1.3B$1.4B
Interest Paid, Excluding Capitalized Interest, Operating Activity$5.4B$4.9B$5.4B$5.3B$5.0B$4.4B
Maximum percentage of excess actuarial gain or loss before excess is recognized0.030.030.030.030.03—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—$21.1B$33.3B-$30.6B$15.9B$88.3B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$18.8B-$35.7B$31.0B-$20.8B-$83.7B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.6B$412.0M$2.2B-$1.1B$5.2B-$3.0B
Change in interest-bearing deposits with the Federal Reserve and other central banks$10.2B-$11.4B-$30.7B$28.9B-$9.9B-$54.7B
Net Securities Gain (Loss)-$50.0M$0.0-$35.0M-$30.0M-$15.0M-$50.0M
Noninterest Expense$3.4B$3.3B$3.2B$3.2B$3.4B$3.4B
Number of operating segments1.750.750.750.750.753.00
Number of reportable segments—0.750.750.750.753.00
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost$4.0M$6.0M$6.0M$6.0M$4.0M$11.0M
Unrealized gains (losses) on available-for-sale securities-$428.0M$333.0M$139.0M$246.0M$281.0M-$369.0M
Cash flow hedges-$250.0K$1.0M———-$31.0M
Unrealized gains (losses) on hedge instruments-$3.0M$3.0M-$4.0M-$8.0M—-$19.0M
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income$1.8M-$3.0M———-$6.0M
Foreign exchange adjustment—$0.0———$1.0M
Foreign currency translation gains (losses)-$360.0M$207.0M$431.0M-$60.0M$8.0M-$88.0M
Other comprehensive income (loss)-$796.0M$544.0M$572.0M$184.0M$327.0M-$462.0M
Other comprehensive income/(loss)-$789.0M$541.0M$566.0M$187.0M$327.0M-$461.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax$5.0M-$1.0M-$6.0M-$6.0M-$37.0M-$14.0M
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax-$38.0M$0.0-$25.0M-$23.0M-$11.0M-$37.0M
Tax expense (benefit)$44.0M$19.0M-$111.0M$115.0M$103.0M-$81.0M
Net unrealized gains (losses) on securities still held-$466.0M$333.0M$114.0M$223.0M$270.0M-$406.0M
Payment for (Proceeds from) Other Investing Activity$1.6B-$32.0M$357.0M-$309.0M$435.0M$188.0M
Payments for (Proceeds from) Other Loans and Leases$2.3B-$222.0M$1.6B$2.1B$5.4B$20.7B
Payments for Repurchase of Common Stock$750.0M$746.0M$895.0M$849.0M$1.0B$983.0M
Payments of Dividends—$414.0M———$434.0M
Payments to Acquire Debt Securities, Available-for-Sale$6.6B$12.7B$6.0B$9.8B$9.0B$11.5B
Payments to Acquire Held-to-Maturity Securities$4.1B$1.3B$1.1B$1.3B$1.5B$3.0B
Payments to Acquire Property, Plant, and Equipment$413.0M$320.0M$359.0M$438.0M$436.0M$617.0M
Cash contributions for pension plans$1.0M$1.0M$0.0$2.0M$2.0M$1.0M
Proceeds From Income Tax Refunds$41.0M$9.0M$2.0M$7.0M—$125.0M
Proceeds from Issuance of Common Stock$4.0M$4.0M$5.0M$5.0M$5.0M$5.0M
Debt issued (Note 13)$749.0M$1.2B$4.5B$0.0$0.0$1.5B
Proceeds from issuance of preferred stock$0.0$988.0M$0.0$495.0M$0.0$495.0M
Proceeds from (Payments for) Federal Funds Sold and Securities Purchased under Agreements to Resell, Net-$5.0B-$164.0M-$4.2B$3.7B-$3.0B$1.2B
Proceeds From Payments For In Interest Bearing Deposits In Banks-$1.0B-$458.0M-$118.0M$961.0M$956.0M-$3.0B
Financing — other—$7.0M$15.0M$2.0M-$24.0M-$6.0M
Paydowns of securities held-to-maturity$1.2B$1.3B$1.1B$1.2B$1.4B$2.1B
Net change in commercial paper$0.0$1.4B$700.0M$2.0M—-$1.0B
Proceeds From Repayments Of Other Debt-$168.0M-$22.0M$67.0M-$8.0M$134.0M-$232.0M
Sale of investments$2.3B$2.0B$3.1B$4.5B$1.5B$3.0B
Paydowns of securities available-for-sale$2.7B$2.1B$1.8B$2.6B$1.7B$3.6B
Provision (benefit) for other credit losses-$4.0M$5.0M$3.0M-$1.0M-$8.0M$1.0M
Repayments of Long-Term Debt$2.5B$1.7B$2.2B$1.3B$400.0M$700.0M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$29.0M$7.0M$22.0M$201.0M$9.0M$113.0M
Securities purchased not settled—$102.0M$311.0M$2.0B—$1.1B
Weighted-average grant date fair value of stock options (in dollars per share)—$7.19$7.19$7.19$7.19—
Granted (in shares)0217.3K217.3K217.3K217.3K—
Granted (in shares)—$28.98$28.98$28.98$28.98—
Purchase price$775.0M$875.0M$875.0M$875.0M$875.0M—
Sub-custodian and clearing$128.0M$131.0M$150.0M$141.0M$139.0M$151.0M
Other – net-$13.0M$4.0M$11.0M$3.0M-$24.0M-$5.0M
Other comprehensive income (loss)-$7.0M$3.0M$6.0M-$3.0M$0.0-$1.0M
Total Revenues Including Revenue Generated By Variable Interest Entities$4.8B$4.8B$5.0B$5.1B$5.2B$5.4B
Average price paid (in dollars per share)$15.68$24.03$24.03$24.03$24.03—
Number of shares purchased (in shares)12.2M9.2M9.2M9.2M9.2M—
Unfunded lending commitments, cancelled$4.0M—————
Unrealized capital loss$8.5M$3.3M$3.3M$3.3M$3.3M—
Unrecognized tax benefits, settlements$0.0$2.0M$2.0M$2.0M$2.0M—
Additions for tax positions of prior years$500.0K$3.8M$3.8M$3.8M$3.8M—
Value-at-risk methodology confidence level percentage0.000.990.000.000.000.99
Other Comprehensive Income (Loss), Before Tax-$752.0M$563.0M$461.0M$299.0M$430.0M-$543.0M
Amortization of Actuarial Gain, Net of Tax-$9.0M-$5.0M$0.0$0.0$64.0M$2.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization expense$13.0M$11.0M$11.0M$12.0M$11.0M$9.0M
Defined Contribution Plan Cost$66.0M$65.8M$65.8M$65.8M$65.8M—
Stock-Based Compensation Expense (Pre-tax)$0.0$250.0K$250.0K$250.0K$250.0K—
Compensation and benefits$1.8B$1.8B$1.8B$1.7B$1.8B$1.9B
Business development expense$54.0M$48.0M$53.0M$45.0M$71.0M$50.0M
Occupancy and equipment$149.0M$136.0M$132.0M$140.0M$143.0M$123.0M
Other operating expenses$161.0M$110.0M$92.0M$133.0M$139.0M$138.0M
Professional fees$410.0M$366.0M$388.0M$404.0M$429.0M$388.0M
Provision for credit losses$20.0M$18.0M-$17.0M-$7.0M-$26.0M-$7.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends Per Share, Cash Paid$0.47$0.47$0.47$0.53$0.53$0.53
Basic earnings per share$1.56$1.59$1.95$1.90$2.03$2.26
Diluted earnings per share$1.54$1.58$1.93$1.88$2.01$2.24
Weighted average number diluted shares outstanding adjustment7.2M6.4M5.2M7M—7M
Weighted-average shares, basic726.6M721M714.8M705.9M—691.2M
Weighted-average shares, diluted733.7M727.4M720M712.9M—698.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income (Loss) from Continuing Operations Before Income Taxes, Domestic$865.5M$1.1B$1.1B$1.1B$1.1B—
Income (Loss) from Continuing Operations Before Income Taxes, Foreign$596.5M$656.8M$656.8M$656.8M$656.8M—
Income (Loss) Attributable to Parent, Before Tax$1.5B$1.8B$1.8B$1.8B$1.8B—