The Bank of New York Mellon Corporation (BK) Earnings
The Bank of New York Mellon Corporation is expected to report next earnings on July 15, 2026 (in NaN days), with a consensus EPS estimate of $2.16. BK has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +10.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 16, 2026 | $1.96 | $2.25 | +14.8% | $5.4B | +4.4% |
| Jan 13, 2026 | $1.91 | $2.08 | +8.9% | $8.9B | +72.5% |
| Oct 16, 2025 | $1.76 | $1.91 | +8.5% | $10.4B | +108.3% |
| Jul 15, 2025 | $1.75 | $1.94 | +10.9% | $10.3B | +116.1% |
| Apr 11, 2025 | $1.50 | $1.58 | +5.3% | $4.7B | -1.6% |
| Jan 15, 2025 | $1.53 | $1.72 | +12.4% | $4.8B | +2.1% |
| Oct 11, 2024 | $1.42 | $1.52 | +7.0% | $4.6B | +0.5% |
| Jul 12, 2024 | $1.43 | $1.51 | +5.6% | $4.6B | +1.6% |
| Apr 16, 2024 | $1.19 | $1.29 | +8.4% | $4.4B | +1.0% |
| Jan 12, 2024 | $1.12 | $1.28 | +14.3% | $4.4B | +1.1% |
| Oct 17, 2023 | $1.15 | $1.22 | +6.1% | $4.3B | -1.5% |
| Jul 18, 2023 | $1.22 | $1.30 | +6.6% | $4.4B | -0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 16, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Robin Vince mentioned The Bank of New York Mellon Corporation started the year with strong performance. Earnings per share of $2.24 grew 42% year over year. Record revenue of $5.4 billion was up 13% year over year. Delivered over 800 basis points of positive operating leverage while making investments in new products, capabilities, AI, and people. Mentioned client collaborations like with Allianz Global Investors, PayPal, and the US Treasury Department. Talked about AI investments over the past several years, with 218 AI solutions in production, and doubling down on depth in 2026 to enhance end-to-end processes.
Guidance
Raising outlook for total revenue, excluding notable items, for full year 2026 to approximately 6% year-over-year growth. Expecting full year 2026 net interest income to be up approximately 10% year over year. Expecting full year 2026 expense growth, excluding notable items, to be at the top of the 3% to 4% year-over-year growth rate range. Continuing to expect a quarterly tax rate of approximately 23% for the remaining quarters this year.
Segment performance
Securities Services reported total revenue of $2.7 billion, up 17% year over year. Total investment services fees were up 10%. In Asset Servicing, investment services fees grew by 11%, ETF AUCA were up 33% year over year. In Issuer Services, investment services fees were up 4%. Foreign exchange revenue was up 44% year over year. Net interest income for the segment was up 20% year over year. Segment expenses of $1.6 billion were up 5% year over year. Securities Services reported pre-tax income of $1.0 billion, a 46% increase year over year, and a pre-tax margin of 39%. Markets and Wealth Services reported total revenue of $1.9 billion, up 11% year over year. Total investment services fees were up 10%. In Wealth Solutions, investment services fees were up 6%, net new assets were $22 billion in the quarter, AUCA of $3.3 trillion were up 14% year over year. In Clearance and Collateral Management, investment services fees increased by 19%. Segment expenses of $937 million were up 6% year over year. Markets and Wealth Services segment reported pre-tax income of $961 million, up 18% year over year, and a pre-tax margin of 51%. Investment and Wealth Management reported total revenue of $825 million, up 6% year over year. Investment management and performance fees were up 6%. Segment expenses of $726 million were up 2% year over year. Investment and Wealth Management reported pre-tax income of $90 million, up 43% year over year, and a pre-tax margin of 11%.
Risks & headwinds
AI-related cyber risk, as bad actors with AI superpowers pose potential threats, and need to be vigilant in cyber defense.
Analyst Q&A
Q: Brennan Hawken asked about deposit trends and betas.
A: Dermot McDonogh responded on deposit balances, mix, and beta expectations for non-dollar currencies.
Q: Alex Blostein asked about fee growth outlook and NII.
A: Dermot McDonogh discussed revenue stream diversity, volume-driven quarter, and deposit reversion expectations.
Q: Ebrahim Poonawala asked about fee guidance and AI investment.
A: Dermot McDonogh talked about organic growth grind and Robin Vince discussed AI investment balance and benefits.
Q: Mike Mayo asked about AI financial benefits and cyber risk.
A: Robin Vince discussed AI's triple play and cyber defense approach.
Q: Analyst asked about margin targets and capital rules.
A: Dermot McDonogh and Robin Vince talked about margin targets, capital rule benefits.
Q: Ken Usdin asked about capital ratios and organic growth.
A: Dermot McDonogh responded on capital ratio temporariness and organic growth grind.
Q: Glenn Schorr asked about private credit and tokenization.
A: Dermot McDonogh talked about private credit exposure and Robin Vince discussed tokenization use cases.
Q: David Smith asked about multi-product client relationships.
A: Robin Vince discussed sales quarter records, multi-business client wins, and strategic diversification.
Q: Steven Chubak asked about AI in wealth space and tokenization impact.
A: Robin Vince talked about client scaling with The Bank of New York Mellon Corporation and tokenization implications for ADR business.
Q: Gerard Cassidy asked about Issuer Services revenue and depositary receipts.
A: Dermot McDonogh discussed Issuer Services seasonality and Robin Vince talked about depositary receipts durability.