Bank of New York Mellon Corp (BNY) financials
NYSE · Financial Services · Investment - Banking & Investment Services · 46,600 employees · CEO Robin Antony Vince
- Price
- $147.11 -1.51%
- Market cap
- $99.8B
- Enterprise value
- $37.7B
- Last report
- Q4 '26 filed 2026-10-15
- Next report
- 2027-01-15 EPS est. $2.36
Revenue (TTM)–– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)–– vs a year agoOperating income –
Net income (TTM)–– vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)–– vs a year agoSum of the last 4 quarters
Net cash$284B+142.7% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $99.8B EV $37.7B
- Revenue
- – Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- – Net income / revenue, TTM
- P/E
- 16.2×
- P/S
- 2.8× Price / sales, TTM
- EV / EBITDA
- 3.9× TTM
- Free cash flow
- – Trailing 12 months
- Net income
- – Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2027-01-15 Revenue est. $5.72B
- Dividend
- $2.37 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth slowing: -43.6% year on yearQ4 '26 revenue $5.68B, against an average of 0.7% over the four quarters before.
- Diluted share count down 2.5% in a year687M diluted shares in Q4 '26, 705M a year earlier.
- Net cash $284BCash + short-term investments $350B, debt incl. leases $66.3B; a year ago net cash $117B.
Last quarter: Q4 '26
Quarter ended 2026-12-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q4 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $5.68B | $10.1B | -43.6% |
| Gross margin | 100.0% | 51.0% | +49.0 pp |
| Operating income | $2.19B | $1.85B | +18.5% |
| Operating margin | 38.5% | 18.3% | +20.2 pp |
| Net income | $1.69B | $1.46B | +15.7% |
| Diluted EPS | $2.34 | $2.02 | +15.8% |
| Operating cash flow | – | $5.19B | – |
| Capex | – | $436M | – |
| Free cash flow | – | $4.75B | – |
| R&D | $0 | $0 | – |
| Stock-based compensation | – | $0 | – |
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Financial Service | $2.91B | +13.8% | 77.6% | – | – | |
| Investment Advisory, Management and Administrative Service | $802M | +3.1% | 21.4% | – | – | |
| Distribution and Shareholder Service | $38M | +2.7% | 1.0% | – | – |
Revenue by region
share of total| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Total Segments | $5.68B | +12.0% | 100.0% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Free cash flow
- –
- Returned to shareholders / FCF
- –
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 16.2× | 14.3× | 13.2× – 15.6× |
| EV / EBITDA | 3.9× | 0.1× 1 of 5 years | 0.1× – 0.1× |
| EV / Sales | 1.1× | 0.0× 1 of 5 years | 0.0× – 0.0× |
| Price / FCF | 11.2× | 14.4× 4 of 5 years | 2.7× – 30.5× |
| Price / Book | 2.3× | 1.3× | 0.9× – 1.8× |
| FCF yield | 8.9% | 11.4% | -1.4% – 37.2% |
| Return on invested capital | 5.3% | 4.1% | 2.5% – 6.4% |
| Return on equity | 14.8% | 9.3% | 6.3% – 12.5% |
Analysts
Consensus target $167.40 (+13.8%)
range $150.00 – $182.00 · rating Hold
Strong buy0
Buy10
Hold12
Sell0
Strong sell0
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 442 figures Bank of New York Mellon Corp tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $0 | – | – | – | – | – | |
| $2.76B | – | – | – | – | – | |
| Accounts Receivable, after Allowance for Credit Loss | $5.25B | $5.18B | +1.3% | $4.83B | $4.93B | -2.1% |
| Accounts Receivable, Allowance for Credit Loss | $3M | $3M | 0.0% | $3M | $2M | +50.0% |
| Accrued Liabilities | $5.05B | $4.92B | +2.5% | $5.54B | $5.27B | +5.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4.41B | -$3.36B | -31.2% | -$3.04B | -$4.66B | +34.8% |
| Additional Collateral, Aggregate Fair Value | $120M | $61M | +96.7% | $76M | $351M | -78.3% |
| Additional Paid in Capital | $30.5B | $29.8B | +2.3% | $29.9B | $29.3B | +2.0% |
| Affordable Housing Tax Credits and Other Tax Benefits, Amount | $146M | $140M | +4.3% | $682M | $418M | +63.2% |
| Amortization Method Qualified Affordable Housing Project Investments | $2.95B | $2.89B | +2.3% | $3.15B | $2.82B | +11.7% |
| Amortization Method Qualified Affordable Housing Project Investments, Amortization | $119M | $112M | +6.3% | $590M | $343M | +72.0% |
| Amortization of Intangible Assets | $9M | $12M | -25.0% | $45M | $50M | -10.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,000 | 159K | -98.1% | 187K | 288K | -35.1% |
| Assets | $494B | $455B | +8.5% | $472B | $416B | +13.5% |
| Assets for Plan Benefits, Defined Benefit Plan | $2.67B | $2.35B | +13.4% | $2.36B | $2.04B | +16.0% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Actual | 11.9%2025-12-31 | 11.2% | +6.3% | 11.9% | 11.2% | +6.3% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital, Actual | $21.1B2025-12-31 | $18.8B | +12.4% | $21.1B | $18.8B | +12.4% |
| Banking Regulation, Supplementary Leverage Ratio, Actual | 6.7%2025-12-31 | 6.5% | +3.1% | 6.7% | 6.5% | +3.1% |
| Banking Regulation, Tier One Leverage Capital Ratio, Actual | 6.0%2025-12-31 | 5.7% | +5.3% | 6.0% | 5.7% | +5.3% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Actual | 14.6%2025-12-31 | 13.7% | +6.6% | 14.6% | 13.7% | +6.6% |
| Banking Regulation, Tier One Risk-Based Capital, Actual | $25.9B2025-12-31 | $23B | +12.5% | $25.9B | $23B | +12.5% |
| Banking Regulation, Total Risk-Based Capital Ratio, Actual | 15.4%2025-12-31 | 14.8% | +4.1% | 15.4% | 14.8% | +4.1% |
| Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization | $23.3B | $23.6B | -1.6% | $21.9B | $20.1B | +9.0% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $02025-09-30 | -$2M | +100.0% | $02015-12-31 | $4M | -100.0% |
| Business Combination, Contingent Consideration, Asset | $5M2025-09-30 | – | – | – | – | – |
| Business Combination, Contingent Consideration, Liability | $02025-09-30 | – | – | – | – | – |
| Business Development | $58M | $45M | +28.9% | $217M | $188M | +15.4% |
| Capitalized Computer Software, Net | $2.71B2026-03-31 | $2.67B | +1.7% | $2.71B | $2.68B | +1.2% |
| Cash and Cash Equivalents, at Carrying Value | $6.74B | $5.06B | +33.3% | $5.11B | $4.18B | +22.3% |
| Cash and Due from Banks | $6.74B | $5.06B | +33.3% | $5.11B | $4.18B | +22.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.71B | $7.64B | +27.0% | $7.96B | $5.58B | +42.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.68B | -$670M | -150.4% | $2.38B | -$2.77B | +186.1% |
| Collateral Already Posted, Aggregate Fair Value | $2B | $1.56B | +27.6% | $1.01B | $1.94B | -48.0% |
| Commercial Paper | $6.85B | $2.36B | +189.6% | $2B | $301M | +565.4% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.63 | $0.53 | +18.9% | $2.00 | $1.78 | +12.4% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 3.5B | 3.5B | 0.0% | 3.5B | 3.5B | 0.0% |
| Common Stock, Shares, Issued | 1.42B | 1.42B | +0.5% | 1.42B | 1.41B | +0.5% |
| Common Stock, Shares, Outstanding | 688M2025-12-31 | 718M | -4.1% | 688M | 718M | -4.1% |
| Common Stock, Value, Outstanding | $14M | $14M | 0.0% | $14M | $14M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $733M | $1.63B | -55.1% | $7.17B | $4.77B | +50.4% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $730M | $1.64B | -55.5% | $7.21B | $4.78B | +50.9% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $3.3B | $2.5B | +32.0% | $2.9B | $2.5B | +16.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $49M | $52M | -5.8% | $37M | $34M | +8.8% |
| Contract with Customer, Liability | $203M | $198M | +2.5% | $180M | $171M | +5.3% |
| Contract with Customer, Liability, Revenue Recognized | $76M | $73M | +4.1% | $114M | $116M | -1.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $654M | $902M | -27.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $641M | $595M | +7.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.38B | $1.65B | -16.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $81M | $153M | -47.1% |
| Customer Securities for which Entity has Right to Sell or Repledge, Fair Value | $344B | $366B | -6.0% | $349B | $300B | +16.3% |
| Debt Securities, Available-for-sale and Held-to-maturity | $154B | $150B | +2.5% | $151B | $138B | +8.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $96M | $341M | -71.8% | $507M | $143M | +254.5% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $2.03B | $1.01B | +101.4% | $823M | $1.74B | -52.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $18.2B | $27.4B | -33.8% | $19.3B | $35.3B | -45.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $881M | $937M | -6.0% | $768M | $1.49B | -48.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $57.5B | $16.5B | +249.2% | $12.4B | $24.1B | -48.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $1.83B | $71M | +2,470.4% | $55M | $341M | -83.9% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $1.79B | $2.05B | -12.5% | $2.02B | $1.9B | +6.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $5.32B | $5.61B | -5.2% | $4.92B | $5.15B | -4.4% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01