10-QPeriod: Q2 FY2025

Bank of New York Mellon Corp Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 1, 2025For Securities:BKBK-PKBNYBNY-PK

Summary

The Bank of New York Mellon Corporation (BK) reported a strong second quarter of 2025, demonstrating robust revenue growth and improved profitability compared to the prior year. Total revenue increased by 9% year-over-year, driven by a 7% rise in fee revenue and a significant 17% increase in net interest income. This growth was fueled by higher client activity, favorable market values, and the benefit of higher yields on investment securities, partially offset by deposit mix changes. The company also announced a 13% increase in its quarterly cash dividend to $0.53 per share, reflecting confidence in its financial performance and commitment to shareholder returns. Net income applicable to common shareholders rose to $1,391 million ($1.93 per diluted share), up from $1,143 million ($1.52 per diluted share) in the second quarter of 2024. Excluding notable items, adjusted net income was $1,397 million ($1.94 per diluted share). The company's operational efficiency was also evident in its expense management, with non-interest expense increasing by a more modest 4% year-over-year, driven by investments and employee costs, but offset by efficiency savings. Key metrics like Assets Under Custody/Administration (AUC/A) grew by 13% to $55.8 trillion, and Assets Under Management (AUM) increased by 3% to $2.1 trillion, underscoring BNY Mellon's continued market leadership.

Financial Highlights

37 data points
Beta

Net Income

$1.42B

EPS (Diluted)

$1.93

Total Assets

$485.78B

Cash & Equivalents

$8.31B

Free Cash Flow

$1.84B

Financial Statements
Beta
Net Income$1.42B
EPS (Basic)$1.95
EPS (Diluted)$1.93
Shares Outstanding (Basic)714.80M
Shares Outstanding (Diluted)720.01M

Key Highlights

  • 1Total revenue increased 9% year-over-year to $5.03 billion.
  • 2Net interest income increased 17% year-over-year to $1.20 billion.
  • 3Net income applicable to common shareholders was $1.39 billion, or $1.93 per diluted share, up from $1.14 billion, or $1.52 per diluted share, in Q2 2024.
  • 4Assets Under Custody/Administration (AUC/A) grew 13% to $55.8 trillion.
  • 5Assets Under Management (AUM) increased 3% to $2.1 trillion.
  • 6The Board of Directors approved a 13% increase in the quarterly cash dividend to $0.53 per share.
  • 7Non-interest expense increased 4% year-over-year to $3.21 billion, with adjusted non-interest expense also up 4% (Non-GAAP).

Frequently Asked Questions

BNY Mellon reported a net income applicable to common shareholders of $1,391 million, or $1.93 per diluted common share, in Q2 2025. This is an increase from $1,143 million, or $1.52 per diluted common share, in Q2 2024. Excluding notable items, adjusted net income was $1,397 million ($1.94 per diluted share) in Q2 2025, compared to $1,136 million ($1.51 per diluted share) in Q2 2024.

Assets Under Custody/Administration (AUC/A) increased by 13% to $55.8 trillion as of June 30, 2025, primarily due to client inflows, higher market values, and a weaker US dollar. Assets Under Management (AUM) increased by 3% to $2.1 trillion, also driven by higher market values and a weaker US dollar, though this was partially offset by cumulative net outflows.

Total revenue increased by 9% year-over-year. Fee revenue grew by 7%, primarily driven by net new business, higher market values, increased client activity, and foreign exchange revenue, favorably impacted by a weaker U.S. dollar. Net interest income saw a significant increase of 17%, mainly due to the reinvestment of maturing investment securities at higher yields and balance sheet growth.

In July 2025, the Board of Directors approved a 13% increase in the quarterly cash dividend on common stock, raising it from $0.47 to $0.53 per share, with the increased dividend expected to be paid on August 7, 2025. Additionally, the company repurchased approximately $895 million of common stock in the second quarter of 2025.