Bank of New York Mellon Corp (BK) Earnings History

Bank of New York Mellon Corp - Q1 2026 EarningsBeat

Filed at: Apr 16, 2026, 6:30 AM EDT|Read from source

EXECUTIVE SUMMARY

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.

POSITIVE HIGHLIGHTS

  • •

    Total revenue increased 13% year-over-year to $5.4 billion, reflecting broad-based growth.

    positive
  • •

    Diluted EPS increased 42% year-over-year to $2.24.

    positive
  • •

    Pre-tax operating margin improved to 37% from 32% in the prior year.

    positive
  • •

    Return on Tangible Common Equity (ROTCE) increased to 29.3% from 24.2% in the prior year.

    positive
  • •

    Record quarterly sales performance and strong sales momentum announced.

    positive
  • •

    Returned $1.4 billion of capital to common shareholders, including $983 million of share repurchases.

    positive

CONCERNS & RISKS

  • •

    Deposit margin compression partially offset net interest income growth.

    attention
  • •

    AUM decreased 2% sequentially, primarily reflecting cumulative net outflows.

    attention
  • •

    Investment and other revenue decreased year-over-year, reflecting net securities losses.

    attention
  • •

    Noninterest expense increased 5% year-over-year, reflecting higher investments and unfavorable foreign exchange impact.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$5.41B
+13.0%
Prior year: $4.79B
Net Income
Quarterly
$1.63B
+33.0%
Prior year: $1.22B
EPS (Diluted)
Quarterly
$2.24
+42.0%
Prior year: $1.58
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$2.26
+42.0%
Prior year: $1.59

MARGIN ANALYSIS

Operating Margin
Current Quarter
37.0%
Prior Year
32.0%
YoY Change
+500 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q1 2026 2026

VISUAL OVERVIEW

|
Securities Services
0.0%
N/A
Market and Wealth Services
0.0%
N/A
Investment and Wealth Management
0.0%
N/A
Other
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% 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.

EARNINGS CALL —

Call date
2026-04-16
Tone
N/A
Hedge density
N/A
Deflection rate
N/A
View transcript Accession: 0001390777-26-000042

CALL GUIDANCE — Q1 2026 2026

MetricValuePeriodSpecificityvs Prior
net_sales1% to 5% year over year in constant currencyQ2 FY2026——
gross_margin_rate41-42%Q2 FY2026——
non_gaap_operating_income$180 million and $200 millionQ2 FY2026——
tariff_impact(200-300)BpsQ2 FY2026——
price_impact200BpsQ2 FY2026——
gross_margin_rate41-42%Q2 FY2026——
net_sales1-5%Q2 FY2026——
price_impact200 basis pointsQ2 FY2026——

SPECIAL ITEMS & ADJUSTMENTS

Q1 2026
FDIC special assessment (benefit)
Reflected in Bank assessment charges.
$7M
$0.01 per share
Q1 2026
Severance expense
Reflected in Staff expense.
+$18M
$0.02 per share
Q1 2026
Litigation reserves
Reflected in Other expense.
+$3M
Total Impact
+$14M$-0.01 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

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.

— Bank of New York Mellon Corp, Q1 2026 2026 Earnings Call

We delivered over 800 basis points of positive operating leverage, while investing in new products, capabilities, AI, and – critically – our people and culture.

— Bank of New York Mellon Corp, Q1 2026 2026 Earnings Call

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.

— Bank of New York Mellon Corp, Q1 2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

AUC/A (in trillions)
59.4
+12.0% YoY
Prior year: 53.1
trillions
AUM (in trillions)
2.1
+6.0% YoY
Prior year: 2
trillions
Average deposits (in billions)
318.4K
+13.0% YoY
Prior year: 282.5K
billions
Average loans (in billions)
81.1K
+16.0% YoY
Prior year: 69.7K
billions
CET1 ratio
11
Prior year: 11.5
%
Tier 1 leverage ratio
6
Prior year: 6.2
%

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.

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