Bank of New York Mellon (BK) Company Report

Q4 revenue of $5.2 billion (+7% YoY), fee revenue up 5%, net interest income up 13%, and EPS of $2.02 (+31% YoY).
Full-year 2025 net income of $5.3 billion on record revenue of $20.1 billion (+8% YoY), EPS of $7.40 (+28% YoY), and ROtCE of 26%.
$5 billion returned to shareholders in 2025 via dividends and share repurchases; CET1 ratio of 11.9% and Tier 1 leverage ratio of 6.0% at year-end.
2026 outlook: total revenue growth ~5%, expense growth 3–4%, and >100 bp positive operating leverage; medium-term targets raised to 38% pre-tax margin and 28% ROtCE.

6 days ago

Transcript

BNY Mellon reports Q4 2025 earnings

Earnings

Dividends

Share Buyback

Q4 2025 revenue of $5.18 bn (+7% YoY) and EPS of $2.02 (+31% YoY); adjusted EPS of $2.08 (+21% YoY).
Full-year 2025 revenue of $20.08 bn (+8% YoY), net income of $5.31 bn (+22%) and EPS of $7.40 (+28%).
Q4 pre-tax margin of 36% (adjusted 37%) with 670 bps of operating leverage; full-year pre-tax margin of 35% and operating leverage of 507 bps.
Returned $1.4 bn to common shareholders in Q4 (dividends of $377 mm; share repurchases of $1.0 bn); full-year total payout ratio of 94%.

6 days ago

Presentation

BNY Mellon reports Q4 2025 results and updates 2026 guidance

Earnings

Guidance Update

Share Buyback

BNY Mellon delivered Q4 revenue of $5.2 billion (+7% YoY) and EPS of $2.02 (+31% YoY; $2.08 excl. notable items, +21% YoY).
For FY 2025, the firm achieved record revenue of $20.1 billion (+8% YoY), net income of $5.3 billion, and EPS of $7.40 (+28% YoY), with a RoTCE of 26%.
2026 outlook calls for ~5% total revenue growth, 3–4% expense growth, and >100 bp of positive operating leverage, with Q1 elevated staff expense and a ~23% quarterly tax rate (Q1 benefit from vesting stock awards).
Medium-term targets raised to a 38% pre-tax margin and 28% RoTCE, while maintaining a Tier 1 leverage ratio target of 5.5–6%.
Returned 100% of Q4 earnings via $1.4 billion of capital distributions; buybacks expected to remain in the 95–105% payout range under the firm’s capital philosophy.

6 days ago

Transcript

BNY Mellon reports Q4 and full-year 2025 results

Guidance Update

Record FY 2025 net income of $5.3 billion on revenue of $20.1 billion, with EPS up 28% to $7.40 and ROTCE of 26%.
Q4 2025 revenue of $5.2 billion (+7% YoY), fee revenue +5%, net interest income +13%; expenses flat at $3.4 billion; Q4 EPS $2.02 (+31%).
2026 outlook: total revenue growth of ~5%, expenses up 3–4%, targeting >100 bps of positive operating leverage; medium-term targets raised to 38% pre-tax margin and 28% ROTCE.
Solid capital position with CET1 ratio of 11.9%, Tier 1 leverage ratio 6%, and $1.4 billion returned to shareholders in Q4 via dividends and buybacks.
Continued strategic progress: deployed >70% of workforce into new platform operating model and enhanced AI capabilities through Eliza, including partnerships with Google Cloud and OpenAI.

6 days ago

Transcript

BNY Mellon posts record Q4 profit

Earnings

Guidance Update

Dividends

Adjusted EPS of $2.08 topped last year’s $1.72 and adjusted revenue of $5.18 billion delivered a slight top‐line beat
GAAP net income rose to $1.43 billion ($2.02/share) from $1.13 billion ($1.54/share) a year ago
Management guided ~5% revenue growth for fiscal 2026, signaled higher expenses and a medium‐term pre-tax margin target of ~38%
Declared its regular quarterly dividend; stock dipped modestly in pre-market trading despite the earnings beat
Oversees $52–59 trillion in client assets, with $2 trillion in asset management, a market cap near $84.14 billion and a debt-to-equity ratio of 0.8

6 days ago

Barron's

BNY Mellon declares common and preferred dividends

Dividends

Board declares a $0.53 quarterly common stock dividend, payable February 5, 2026; record date January 23, 2026.
Declares dividends for noncumulative perpetual preferred shares for the period ending March 2026: $1,105.18 (Series A), $2,312.50 (Series F), $925.00 (Series H), $937.50 (Series I), $3,150.00 (Series J), and $1,537.50 (Series K); payable March 20, 2026; record date March 5, 2026.
As of December 31, 2025, oversees $59.3 trillion in assets under custody/admin and $2.2 trillion in assets under management.

6 days ago

Press Release

BNY Mellon reports Q4 2025 results

Earnings

Dividends

Share Buyback

4Q25 revenue of $5.2 bn (+7% YoY), net income of $1.427 bn (+26% YoY) and diluted EPS of $2.02 (+31% YoY).
Full-year 2025 revenue of $20.1 bn (+8% YoY), net income of $5.306 bn (+22% YoY) and EPS of $7.40 (+28% YoY).
Pre-tax margin expanded to 36% and ROTCE to 26.6% in 4Q25; full-year 2025 pre-tax margin was 35%, ROTCE 26.1%.
Assets under custody/administration rose to $59.3 tn (+14% YoY) and assets under management to $2.2 tn (+7% YoY).
Returned $1.4 bn to common shareholders in 4Q25, including $377 mm of dividends and $1.0 bn of share repurchases; full-year payout ratio 94%.

6 days ago

8-K

Bank of New York Mellon Announces Monthly Net Profits Interest Calculations

Legal Proceedings

Accounting Changes

As of the end of the current month, the Trust owes PCEC approximately $12.4 million under a letter of credit and promissory note, restricting distributions until this indebtedness is repaid.
Quarterly GAAP re-evaluations under ASC 410-20 have increased asset retirement obligations by $5.1 million for Developed Properties and $288,000 for Remaining Properties, with an additional $452,000 upward adjustment reflected in the current month’s net profits calculation.
An arbitration panel has affirmed PCEC’s right to deduct its and the Trustee’s legal fees—totaling over $6 million—from net profits interests, with ongoing deductions further widening the net profits deficit for the Developed Properties.
Production at the Orcutt fields is down 17% (9,482 barrels) in October 2025 versus December 2022 due to the termination of the Phillips 66 pipeline agreement, and PCEC plans to cease West Pico operations within five years of Q1 2026 CUP approval.
A whistleblower retaliation lawsuit filed by a former employee will proceed after the court denied PCEC’s motion to dismiss, and the Trustee is independently investigating the SEC complaint allegations.

Dec 31, 2025, 9:15 PM

Press Release

BNY Mellon CFO outlines 2026 priorities and Q4 update

Guidance Update

Revenue Acceleration/Inflection

Share Buyback

2026 priorities center on driving organic growth through the “1BNY” commercial model and the Platform Operating Model (75% of the firm live, delivering growth, productivity and cultural benefits).
2025 performance delivered accelerating organic growth (~4% in H1), better-than-expected net interest income, positive operating leverage and ~100% capital return to shareholders, lifting the stock >40% YTD.
Q4 guidance: net interest income up mid-single digits sequentially, total revenues up mid-single digits YoY, operating expenses +3.5% QoQ (excl. ~$100 M severance).
Asset servicing achieved its fastest fee growth in nearly a decade, driven by margin expansion through cost-to-serve reduction and cross-selling via Pershing, ETFs and private markets.
Digital assets & innovation: investment in blockchain custody and on-chain NAVs, hire of Carolyn Weinberg for product innovation, with medium-term revenue contribution expected alongside AI opportunities.

Dec 10, 2025, 3:00 PM

Transcript

BNY Mellon outlines 2026 priorities and financial outlook at Goldman Sachs conference

Guidance Update

Revenue Acceleration/Inflection

Share Buyback

CFO Dermot McDonogh detailed 2026 priorities, anchored on accelerating organic revenue via a unified “1BNY” commercial model and advancing the Platform Operating Model, now covering 75% of the firm.
Asset servicing achieved its fastest fee growth in nearly a decade by enhancing margins, reducing cost-to-serve, and offering scalable product innovations; private markets and ETF segments drove significant gains.
The digital asset business, including on-chain NAVs and tokenized products, remains immaterial to current revenue but is positioned for medium-term growth as BNY leverages its DLT expertise.
Pershing is returning to mid-single-digit growth post-deconversion headwind; deeper integration with Investment, Wealth & Asset Management and new distribution hires target mid-20s% growth in IWM over the medium term.
The firm sustains positive operating leverage, guiding Q4 expenses up ~3.5% ex-severance, forecasting sequential NII growth of mid-single digits; capital strategy targets ~100% payout via buybacks.

Dec 10, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Bank of New York Mellon.

Q4 2025

Jan 13, 2026

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Q3 2025

Oct 16, 2025

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Q2 2025

Jul 15, 2025

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View All Transcripts

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Bank of New York Mellon (BK)

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