BNY Mellon reported a strong fourth quarter and full year 2025, driven by record revenue and net income, alongside significant capital returns to shareholders. The company is raising its medium-term financial targets, signaling confidence in its ongoing transformation and future growth opportunities.
Full-year 2025 record revenue of $20.1 billion, an 8% increase year-over-year.
positiveFull-year 2025 record net income of $5.3 billion, a 22% increase year-over-year.
positiveDiluted EPS for full-year 2025 was $7.40, a 28% increase year-over-year.
positiveReturned $5.0 billion of capital to shareholders in full-year 2025, including $3.5 billion in share repurchases.
positiveAchieved a Return on Tangible Common Equity (ROTCE) of 26.6% in Q4 2025 and 26.1% for the full year.
positiveTotal revenue increased 7% year-over-year in Q4 2025, driven by a 5% increase in fee revenue and a 13% increase in net interest income.
positiveDeposit margin compression is partially offsetting the increase in net interest income.
attentionInvestment and other revenue decreased in Q4 2025 primarily reflecting other investment losses.
attentionNoninterest expense increased 4% year-over-year excluding notable items in Q4 2025, driven by investments and revenue-related expenses.
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 | $2497000.0B | $2324000.0B | +7.0% | 48.3% |
Market and Wealth Services | $1805000.0B | $1667000.0B | +8.0% | 34.9% |
Investment and Wealth Management | $854000.0B | $873000.0B | -2.0% | 16.5% |
Other | $15000.0B | $-19000.0B | — | 0.3% |
| Total Revenue | $5171000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was another successful year, with record net income and revenue, and an ROTCE of 26%.
Eight consecutive quarters of positive operating leverage have driven earnings per share growth of 28% year-over-year.
The company is raising its medium-term financial targets, signaling confidence in its ongoing transformation and future growth opportunities.
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.