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The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services. The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment provides corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $19.8B | - | $5.5B | $5.2B | 14.1% | 8.2% | 22.5% |
| 2024 | $18.3B | - | $4.5B | $-782M | 12.3% | 5.3% | 37.2% |
| 2023 | $17.3B | - | $3.3B | $4.7B | 9.1% | 7.2% | 29.2% |
| 2022 | $16.2B | - | $2.6B | $13.7B | 7.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 16,186 | 17,344 | 18,258 | 19,759 |
| Operating Revenue | - | 16,186 | 17,344 | 18,258 | 19,759 |
| Selling General And Administration | - | 6,800 | 7,095 | 6,890 | 6,945 |
| Interest Income | - | 7,118 | 20,648 | 25,607 | 25,626 |
| Interest Expense | - | 3,614 | 16,303 | 21,295 | 20,682 |
| Net Interest Income | - | 3,504 | 4,345 | 4,312 | 4,944 |
| Pretax Income | - | 3,480 | 4,283 | 5,848 | 7,058 |
| Tax Provision | - | 937 | 979 | 1,305 | 1,475 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -182.92 | 0 | -49.32 | -18.81 |
| Net Income Continuous Operations | - | 2,543 | 3,304 | 4,543 | 5,583 |
| Net Income From Continuing And Discontinued Operation | - | 2,556 | 3,302 | 4,530 | 5,549 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,556 | 3,302 | 4,530 | 5,549 |
| Net Income | - | 2,556 | 3,302 | 4,530 | 5,549 |
| Net Income Common Stockholders | - | 2,345 | 3,067 | 4,336 | 5,306 |
| Net Income Including Noncontrolling Interests | - | 2,543 | 3,304 | 4,543 | 5,583 |
| Normalized Income | - | 3,053.08 | 3,302 | 4,701.68 | 5,620.19 |
| Diluted NI Availto Com Stockholders | - | 2,345 | 3,067 | 4,336 | 5,306 |
| Basic Average Shares | - | 811.05 | 784.07 | 742.59 | 710.18 |
| Diluted Average Shares | - | 814.80 | 787.80 | 748.10 | 716.72 |
| Reconciled Depreciation | - | 1,778 | 1,887 | 1,803 | 1,852 |
| Total Unusual Items | - | -680 | -1,137 | -221 | -90 |
| Total Unusual Items Excluding Goodwill | - | -680 | -1,137 | -221 | -90 |
| Preferred Stock Dividends | - | 211 | 235 | 194 | 243 |
| Minority Interests | - | 13 | -2 | -13 | -34 |
| Special Income Charges | - | -680 | -1,137 | -221 | -90 |
| Gain On Sale Of Business | - | 0 | -144 | 0 | 52 |
| Other Special Charges | - | 134 | 726 | -19 | -72 |
| Impairment Of Capital Assets | 0 | 680 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | 215 | 267 | 240 | 214 |
| Gain On Sale Of Security | - | -349 | 14 | 118 | 125 |
| Depreciation Amortization Depletion Income Statement | - | 67 | 57 | 50 | 45 |
| Depreciation And Amortization In Income Statement | - | 67 | 57 | 50 | 45 |
| General And Administrative Expense | - | 6,800 | 7,095 | 6,890 | 6,945 |
| Salaries And Wages | - | 6,800 | 7,095 | 6,890 | 6,945 |
| Otherunder Preferred Stock Dividend | 2 | - | - | - | - |
| Amortization | - | 67 | 57 | 50 | 45 |
| Amortization Of Intangibles Income Statement | - | 67 | 57 | 50 | 45 |
| Occupancy And Equipment | - | 2,171 | 2,359 | 2,499 | 2,698 |
| Professional Expense And Contract Services Expense | - | 1,527 | 1,527 | 1,503 | 1,587 |
| Other Non Interest Expense | - | 1,422 | 1,904 | 1,177 | 1,368 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Bank of New York Mellon Corporationthis co. | BK | $94.1B | 16.97↓ discount | 2.38 | 14.1% | - |
| CME Group Inc. | CME | $92.5B | 22.72 | 3.22 | 14.2% | 15.69 |
| The PNC Financial Services Group, Inc. | PNC | $91.2B | 13.87 | 1.51 | 10.9% | - |
| KKR & Co. Inc. | KKR | $89.0B | 37.55 | 3.14 | 8.4% | 12.45 |
| U.S. Bancorp | USB |
| 2021 | - | - | - | - | - | - | - |
| $86.0B |
| 11.96 |
| 1.32 |
| 11.0% |
| - |
| Intercontinental Exchange, Inc. | ICE | $80.3B | 24.23 | 2.78 | 11.5% | 14.46 |
| Robinhood Markets, Inc. | HOOD | $79.5B | 42.24 | 8.70 | 20.6% | 39.87 |
| Moody's Corporation | MCO | $78.5B | 31.91 | 19.35 | 60.7% | 21.44 |
| Marsh & McLennan Companies, Inc. | MRSH | $77.7B | 18.68 | 5.15 | 27.5% | 13.02 |
| Peer Median | - | 23.48 | 3.18 | 12.8% | 15.07 | |