Bank of New York Mellon Corp

Latest Results (10.03.2026):

Bank of New York Mellon Corp — Fourth quarter 2025: BNY reported 4Q25 diluted EPS of $2.02 ($2.08 adjusted), total revenue of $5.18 billion (up 7% vs. 4Q24) and net income applicable to common shareholders of $1.427 billion. The company highlighted record full‑year 2025 results (net income $5.3 billion; revenue $20.1 billion), strong returns (ROTCE 26.6% in 4Q25; FY25 ROTCE 26.1%), continued revenue growth, disciplined expense control and substantial capital returns.

Revenue and fee trends

Total revenue was $5.179 billion in 4Q25, up 7% year‑over‑year. Fee revenue totaled $3.698 billion (up 5% YoY) driven by higher market values, net new business and stronger client activity; net interest income rose 13% YoY to $1.346 billion on reinvestment at higher yields and balance‑sheet growth.

Earnings and profitability

Diluted EPS was $2.02 in 4Q25 (adjusted EPS $2.08). Pre‑tax operating margin was 36% and ROTCE was 26.6% (adjusted ROTCE 27.4%), reflecting eight consecutive quarters of positive operating leverage and year‑over‑year EPS growth (31% reported; 21% excluding notable items).

Expenses and notable items

Noninterest expense was $3.360 billion in 4Q25 (flat YoY; +4% excluding notable items). The quarter included $51 million of notable noninterest items (primarily severance) partially offset by an FDIC special assessment adjustment; adjusted operating leverage and adjusted margins were modestly stronger.

Client assets and business volumes

AUC/A closed at $59.3 trillion (up 14% YoY) and AUM was $2.2 trillion (up 7% YoY), with growth driven by market appreciation, client inflows and a weaker U.S. dollar. Average deposits rose to $310 billion (+8% YoY).

Capital return and ratios

BNY returned capital in 4Q25 (common dividends $377 million; $1.0 billion share repurchases in the quarter). Full‑year 2025 capital returned totaled $5.0 billion. CET1 ratio was 11.9% and Tier 1 leverage ratio was 6.0% (preliminary).

Segment performance highlights

Securities Services revenue was $2.497 billion (+7% YoY) with Asset Servicing and Issuer Services gains; Market & Wealth Services revenue was $1.805 billion (+8% YoY) led by higher net interest income; Investment & Wealth Management revenue was $854 million (down 2% YoY) with AUM up 7%.

Management commentary and outlook

Management described 2025 as a successful, record year, emphasized ongoing multi‑year transformation, reported raised medium‑term targets and signaled entering 2026 with positive momentum to pursue greater scale and growth opportunities.