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BK

The Bank of New York Mellon Corporation

BK

The Bank of New York Mellon Corporation • NYSE
$112.10 ▲ 0.64% (+0.71)
Market Cap $78.17 B
52w High $113.74
52w Low $70.46
Dividend Yield 2.12%
P/E 16.18
Volume 1.72M
Outstanding Shares 697.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.359B ▼ $3.156B ▲ $1.445B ▲ 13.949% ▲ $1.9 ▼ $2.28B ▲
Q2-2025 $10.364B ▲ $3.143B ▼ $1.423B ▲ 13.73% ▲ $1.95 ▲ $2.265B ▲
Q1-2025 $9.651B ▼ $3.147B ▼ $1.22B ▲ 12.641% ▲ $1.59 ▲ $1.968B ▲
Q4-2024 $10.033B ▼ $3.268B ▲ $1.155B ▼ 11.512% ▼ $1.56 ▲ $1.9B ▼
Q3-2024 $10.162B $3.01B $1.182B 11.632% $1.51 $1.976B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $168.407B ▼ $455.312B ▼ $410.951B ▼ $43.879B ▼
Q2-2025 $186.848B ▲ $485.781B ▲ $441.242B ▲ $43.95B ▲
Q1-2025 $167.934B ▼ $440.691B ▲ $397.068B ▲ $43.119B ▲
Q4-2024 $200.61B ▼ $416.064B ▼ $374.3B ▼ $41.318B ▼
Q3-2024 $213.244B $427.461B $385.071B $41.992B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.445B ▲ $-1.064B ▼ $31.03B ▲ $-30.564B ▼ $-670M ▼ $-1.502B ▼
Q2-2025 $1.423B ▲ $2.197B ▲ $-35.746B ▼ $33.305B ▲ $-97M ▼ $1.838B ▲
Q1-2025 $1.22B ▲ $412M ▼ $-18.804B ▼ $21.1B ▲ $2.834B ▲ $92M ▼
Q4-2024 $1.155B ▼ $1.55B ▲ $1.631B ▼ $-5.258B ▲ $-2.266B ▼ $1.137B ▲
Q3-2024 $1.182B $-312M $10.204B $-9.424B $506M $-687M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Distribution and Shareholder Service
Distribution and Shareholder Service
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Financial Service
Financial Service
 $2.42Bn ▲$2.38Bn ▼$2.56Bn ▲$2.56Bn ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $810.00M ▲$750.00M ▼$750.00M ▲$780.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last five years, with a clear acceleration in the most recent period. Profitability has improved alongside that growth: operating earnings and cash-style earnings have both risen, and net income has moved steadily higher after a softer patch a few years ago. This suggests BK has benefited from a more favorable interest-rate backdrop and solid client activity, while also gaining better cost control. The business now appears to be earning more per share than at any point in the last five years, pointing to operating leverage and disciplined expense management, though results for a bank can still swing with markets and rates.

Balance Sheet

Balance Sheet The balance sheet remains very large and broadly stable, as expected for a global custody and asset-servicing bank. Total assets have edged down slightly from pandemic-era peaks but remain substantial. Cash levels are high but move around from year to year, reflecting client flows and the nature of the business. Debt has crept up over time but not in a way that looks aggressive, and equity has only drifted modestly lower, suggesting capital returns and market movements more than balance-sheet strain. Overall, BK still looks conservatively capitalized, but as with all systemically important banks, its strength depends on ongoing regulatory compliance and prudent risk management.

Cash Flow

Cash Flow Cash flow is more volatile, which is common for financial institutions. Operating cash flow has swung from very strong to quite muted, and free cash flow has even dipped slightly negative in the latest period, likely driven by working-capital movements and balance-sheet usage rather than a surge in underlying spending. Capital expenditures are relatively small and steady, pointing to a business that does not require heavy physical investment. The key takeaway is that reported cash-flow figures need to be interpreted carefully for a bank; the underlying earning power looks steadier than the cash-flow swings suggest, but liquidity and funding conditions still matter a great deal.

Competitive Edge

Competitive Edge BK holds a very strong competitive position as one of the world’s largest custodian and asset-servicing banks, overseeing tens of trillions of dollars for institutional clients. This scale gives it cost advantages, deep integration with market infrastructure, and a reputation for safety and reliability built over centuries. Its business mix is diversified across asset servicing, investment management, treasury, and wealth, which reduces dependence on any single product. High switching costs and complex operational linkages make it difficult for clients to move away, reinforcing BK’s moat. The main structural risks are ongoing fee pressure, regulatory demands, and the need to keep pace with rapid technology change—areas where its size is both an advantage and a constant challenge.

Innovation and R&D

Innovation and R&D BK is leaning hard into technology, which is unusual in its depth for a custody-focused bank and is a key part of its moat. It spends heavily on tech and R&D to modernize infrastructure and launch new services. Its enterprise AI platform, Eliza, is already widely used internally, with many AI-powered tools aimed at automation, risk monitoring, and productivity. The bank is a first mover in digital assets among large global peers, offering institutional-grade custody for major cryptocurrencies and working on tokenization of traditional assets, including money market funds, in partnership with other large institutions. Platforms like Pershing X, Wove, and Alts Bridge aim to make it easier for advisors and wealth managers to access integrated tools and alternative investments. If execution stays on track, this tech and platform strategy could deepen client stickiness and create new fee streams, though it also introduces execution, regulatory, and cybersecurity risk.

Summary

BK appears to be in a healthy phase: earnings and margins have improved, while the balance sheet remains large and conservative for a systemically important bank. Reported cash flows are choppy, as is normal for this type of institution, but do not contradict the story of better underlying profitability. Competitively, BK benefits from massive scale, entrenched client relationships, and a reputation for trust in critical market plumbing, giving it a durable position in global finance. What stands out today is how aggressively it is investing in AI, digital assets, and platform-based offerings—an effort to turn a traditionally stable, utility-like business into a more tech-enabled, higher-value service provider. The opportunity is meaningful, but success will depend on managing operational, regulatory, and technology risks while maintaining the core strengths that make institutions comfortable entrusting BK with their assets.

NEWS

November 20, 2025 · 5:15 PM UTC

BANK OF NEW YORK MELLON INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates The Bank of New York Mellon Corporation's Directors and Officers for Breach of Fiduciary Duties – BK

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November 13, 2025 · 8:00 AM UTC

BNY Launches Stablecoin Reserves Fund, Further Expanding BNY's Leadership in Digital Assets

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November 10, 2025 · 8:30 AM UTC

BNY to Speak at the Goldman Sachs Financial Services Conference

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November 6, 2025 · 8:45 AM UTC

BANK OF NEW YORK MELLON INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates The Bank of New York Mellon Corporation's Directors and Officers for Breach of Fiduciary Duties – BK

Read more

October 31, 2025 · 8:30 AM UTC

BNY Announces Conference Calls to Review Earnings in 2026

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