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Companies $BNY
$147.58 +$0.40 (0.27%) Close
Bank of New York Mellon Corp logo

Bank of New York Mellon Corp

bny.com

What Do They Do?

Provides custody and asset servicing, investment management, and wealth and banking services to companies, banks and governments.

How Do They Make Money?

Securities Services earns fees based on assets, accounts and client transactions, with ongoing services billed monthly or quarterly and transaction fees tied to customer activity. Investment managers charge asset-based fees, generally billed monthly or quarterly.

FY2025 revenue by reportable segment revenue
SegmentShareRevenue
Securities Services
Recurring

48%
FY2022: 48%
Market and Wealth Services
Recurring

35%
FY2022: 32%
Investment and Wealth Management
Recurring

16%
FY2022: 22%
Other
0.3%
FY2022: −2.0%

Who Are Their Customers?

Serves companies, banks, governments and pension plans with custody, asset servicing, investment management and banking services.

Do Revenues Turn Into Profits?

Yes. It kept 28 cents of every revenue dollar as net income in FY2025 and turned 26 cents into free cash flow.

Net income, FY2025
28% of revenue
▲ +22% vs FY2024 ($4.5B, 24%)
Free cash flow, FY2025
26% of revenue
▲ Now profitable vs FY2024 (−$782M, −4%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −10%
vs $6.6B in Q2 FY2025
Net income
▲ +24%
vs $1.4B in Q2 FY2025
Securities Services share of revenue vs 49.1% in Q2 FY2025

Growing. Revenue grew 26% in 4 years, from $15.9B in FY2021 to $20.1B in FY2025, about 6% a year.

Other-segment investments Other includes tax-credit investments, whereas the older report lists a leasing portfolio and renewable-energy investments.

Revenue over time
Securities Services Market and Wealth Services Investment and Wealth Management Other
$25B$12.5B$0

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