Bank of New York Mellon
BNY · NYSEState Commercial Banks · Fiscal year ends Dec 31
Bank of New York Mellon reported revenue of $20.1B in the fiscal year ended Dec 2025, up 7.8% from the year before. Net income was $5.5B. Operating cash flow of $6.7B less capital expenditure of $1.6B left free cash flow of $5.2B. Net debt was $26.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $15.9B | $16.5B | $17.7B | $18.6B | $20.1B |
| Net interest incomeBanks | $2.6B | $3.5B | $4.3B | $4.3B | $4.9B |
| Interest expense | $227M | $3.6B | $16.3B | – | – |
| Income tax | $877M | $937M | $979M | $1.3B | $1.5B |
| Net income | $3.8B | $2.6B | $3.3B | $4.5B | $5.5B |
| Diluted EPS | 4.14 | 2.88 | 3.89 | 5.80 | 7.40 |
| Diluted shares | 856M | 815M | 788M | 748M | 717M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $6.1B | $5B | $4.9B | $4.2B | $5.1B |
| Net PP&E | $3.4B | $3.3B | $3.2B | $3.3B | $3.6B |
| Goodwill | $17.5B | $16.2B | $16.3B | $16.6B | $16.8B |
| Total assets | $444B | $406B | $410B | $416B | $472B |
| Deferred revenue | $163M | $164M | $172M | $171M | $180M |
| Long-term debt | $25.9B | $30.5B | $31.3B | $30.9B | $31.9B |
| DepositsBanks | $320B | $279B | $284B | $290B | $332B |
| Total liabilities | $401B | $365B | $369B | $374B | $427B |
| Shareholders' equity | $43B | $40.7B | $40.8B | $41.3B | $44.3B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.8B | $15.1B | $5.9B | $687M | $6.7B |
| Capital expenditure | $1.2B | $1.3B | $1.2B | $1.5B | $1.6B |
| Free cash flow | $1.6B | $13.7B | $4.7B | −$782M | $5.2B |
| Depreciation & amortisation | $1.9B | $1.8B | $1.9B | $1.8B | $1.9B |
| Stock-based compensation | – | – | $0 | $0 | $1M |
| Acquisitions | $170M | $0 | $0 | – | – |
| Share buybacks | $4.6B | $124M | $2.6B | $3.1B | $3.5B |
| Dividends paid | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B |
| Dividend per share | 1.30 | 1.42 | 1.58 | 1.78 | 2.00 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 3.8% | 7.1% | 5.2% | 7.8% |
| EPS growth (YoY) | – | −30.4% | 35.1% | 49.1% | 27.6% |
| Net margin | 23.6% | 15.5% | 18.7% | 24.3% | 27.6% |
| Return on equityBlank when equity is negative | 8.7% | 6.3% | 8.1% | 11.0% | 12.5% |
| Free cash flow margin | 10.2% | 83.0% | 26.5% | −4.2% | 25.8% |
| Cash conversion (CFO ÷ net income) | 0.75x | 5.90x | 1.79x | 0.15x | 1.21x |
| Debt ÷ equity | 0.60x | 0.75x | 0.77x | 0.75x | 0.72x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $19.9B | $25.4B | $26.3B | $26.7B | $26.8B |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.