BNY Mellon reported a strong start to 2026 with record revenue driven by broad-based growth across its business segments. The company highlighted positive operating leverage, investments in technology and people, and strong sales momentum, leading to significant year-over-year growth in earnings per share and profitability metrics.
Total revenue increased 13% year-over-year to $5.4 billion, reflecting broad-based growth.
positiveDiluted EPS increased 42% year-over-year to $2.24.
positivePre-tax operating margin improved to 37% from 32% in the prior year.
positiveReturn on Tangible Common Equity (ROTCE) increased to 29.3% from 24.2% in the prior year.
positiveRecord quarterly sales performance and strong sales momentum announced.
positiveReturned $1.4 billion of capital to common shareholders, including $983 million of share repurchases.
positiveDeposit margin compression partially offset net interest income growth.
attentionAUM decreased 2% sequentially, primarily reflecting cumulative net outflows.
attentionInvestment and other revenue decreased year-over-year, reflecting net securities losses.
attentionNoninterest expense increased 5% year-over-year, reflecting higher investments and unfavorable foreign exchange impact.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Securities Services | N/A | — | — | — |
Market and Wealth Services | N/A | — | — | — |
Investment and Wealth Management | N/A | — | — | — |
Other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
| Metric | Value | Period | Specificity | vs Prior |
|---|---|---|---|---|
| net_sales | 1% to 5% year over year in constant currency | Q2 FY2026 | — | — |
| gross_margin_rate | 41-42% | Q2 FY2026 | — | — |
| non_gaap_operating_income | $180 million and $200 million | Q2 FY2026 | — | — |
| tariff_impact | (200-300)Bps | Q2 FY2026 | — | — |
| price_impact | 200Bps | Q2 FY2026 | — | — |
| gross_margin_rate | 41-42% | Q2 FY2026 | — | — |
| net_sales | 1-5% | Q2 FY2026 | — | — |
| price_impact | 200 basis points | Q2 FY2026 | — | — |
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
BNY had a strong start to 2026 with record revenue of $5.4 billion in the first quarter, up 13% year-over-year, reflecting broad-based growth across our Securities Services and Market and Wealth Services businesses.
We delivered over 800 basis points of positive operating leverage, while investing in new products, capabilities, AI, and – critically – our people and culture.
The portfolio of BNY’s businesses is unique, but it is how we are embracing new ways of working, our adoption and integration of new technologies and our strong culture that is enabling us to create truly differentiated solutions for our clients.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.