Tax
Current income tax expense (benefit)
Bank of New York Mellon Current income tax expense (benefit) remained flat by 0.0% to $344.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 16.6%, from $412.50M to $344.00M. Over 4 years (FY 2021 to FY 2025), Current income tax expense (benefit) shows an upward trend with a 22.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ4 2025
How to read this metric
An increase relative to pre-tax income suggests a higher effective cash tax rate, potentially reducing net cash flow.
Detailed definition
The total amount of income tax currently payable to all tax authorities (federal, state, and foreign) for the current pe...
Peer comparison
Standard income statement line item required by GAAP/IFRS.
Metric ID:
is_cat_current_income_tax_expenseHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $620.00M | $613.00M | $1.22B | $1.65B | $1.38B |
| YoY Change | — | -1.1% | +99.5% | +34.9% | -16.6% |
Range$613.00M – $1.65B
CAGR+22.1%
Avg YoY Growth+29.2%
Median YoY Growth+16.9%
Current income tax expense (benefit) at Other Companies
Frequently Asked Questions
- What is Bank of New York Mellon's current income tax expense (benefit)?
- Bank of New York Mellon (BK) reported current income tax expense (benefit) of $344.00M in Q4 2025.
- How has Bank of New York Mellon's current income tax expense (benefit) changed year-over-year?
- Bank of New York Mellon's current income tax expense (benefit) decreased by 16.6% year-over-year, from $412.50M to $344.00M.
- What is the long-term trend for Bank of New York Mellon's current income tax expense (benefit)?
- Over 4 years (2021 to 2025), Bank of New York Mellon's current income tax expense (benefit) has grown at a 22.1% compound annual growth rate (CAGR), from $620.00M to $1.38B.
- What does current income tax expense (benefit) mean?
- Total income taxes currently owed to all government authorities.