Bank of New York Mellon Corp (BK) Q4 2025 Earnings Call Highlights: Record Performance and …

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• Net Income: Record net income of $5.3 billion for 2025.

• Revenue: Record revenue of $20.1 billion, up 8% year over year.

• Return on Tangible Common Equity: 26% for 2025.

• Operating Leverage: 507 basis points of positive operating leverage on a reported basis.

• Earnings Per Share (EPS): $7.40, up 28% year over year.

• Capital Returned to Shareholders: $5 billion through dividends and share repurchases.

• Total Revenue (Q4): $5.2 billion, up 7% year over year.

• Fee Revenue (Q4): Up 5% year over year.

• Assets Under Custody and Administration (AUCA): $59.3 trillion, up 14% year over year.

• Assets Under Management (AUM): $2.2 trillion, up 7% year over year.

• Expenses (Q4): $3.4 billion, flat year over year on a reported basis.

• Pre-tax Margin (Q4): 36% on a reported basis.

• Return on Tangible Common Equity (Q4): 27%.

• Net Interest Income (Q4): Up 13% year over year.

• Security Services Revenue (Q4): $2.5 billion, up 7% year over year.

• Market and Wealth Services Revenue (Q4): $1.8 billion, up 8% year over year.

• Investment and Wealth Management Revenue (Q4): $854 million, down 2% year over year.

• Pre-tax Margin Target: Increased to 38% for the medium term.

• Return on Tangible Common Equity Target: Increased to 28% for the medium term.

Release Date: January 13, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

• Bank of New York Mellon Corp (NYSE:BK) delivered record net income of $5.3 billion on record revenue of $20.1 billion in 2025.

• The company achieved an 8% year-over-year revenue growth and a 28% increase in earnings per share.

• BK returned $5 billion of capital to shareholders through dividends and share repurchases.

• The company made significant advances in AI adoption, enhancing operational efficiency and client service.

• BK’s strategic initiatives have resulted in improved pre-tax margins and positive operating leverage for eight consecutive quarters.

• Investment management and performance fees were flat, with growth offset by the mix of AUM flows and prior rebates.

• Expenses increased by 4% excluding notable items, driven by higher investments and employee merit increases.

• The company experienced net outflows of $3 billion in the fourth quarter, including $23 billion from long-term strategies.

• Foreign exchange revenue declined by 3% year over year due to lower spreads and volatility.

• Despite strong financial performance, BK remains cautious about market conditions and potential macroeconomic impacts.