Bank of New York Mellon Corp Interest Expense 2007-2024 | BK
What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is Bank of New York Mellon Corp's current interest expense?
Bank of New York Mellon Corp (BK) annual interest expense for 2023 was $16.30B, a 351.11% increase from 2022. Bank of New York Mellon Corp interest expense for the quarter ending March 31, 2024 was $5.06B.
What was Bank of New York Mellon Corp's interest expense in 2022?
Bank of New York Mellon Corp annual interest expense for 2022 was $3.61B, a 1492.07% increase from 2021.
What was Bank of New York Mellon Corp's interest expense in 2021?
Bank of New York Mellon Corp annual interest expense for 2021 was $227.0M, a 79.95% decline from 2020.
What is Bank of New York Mellon Corp's 5-year interest expense CAGR?
Bank of New York Mellon Corp interest expense grew at a compound annual growth rate (CAGR) of 42.03% from FY2018 to FY2023, going from $2.82B to $16.30B over 5 years.
Year-over-year comparison from 10-K annual reports
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $16.30B | +351.1% | 10-K |
| FY2022 | $3.61B | +1492.1% | 10-K |
| FY2021 | $227.0M | -79.9% | 10-K |
| FY2020 | $1.13B | -74.0% | 10-K |
| FY2019 | $4.36B | +54.6% | 10-K |
| FY2018 | $2.82B | +162.7% | 10-K |
| FY2017 | $1.07B | +145.8% | 10-K |
| FY2016 | $437.0M | +45.7% | 10-K |
| FY2015 | $300.0M | -15.3% | 10-K |
| FY2014 | $354.0M | +3.2% | 10-K |
| FY2013 | $343.0M | -35.8% | 10-K |
| FY2012 | $534.0M | -11.6% | 10-K |
| FY2011 | $604.0M | +10.8% | 10-K |
| FY2010 | $545.0M | -8.1% | 10-K |
| FY2009 | $593.0M | -77.7% | 10-K |
| FY2008 | $2.67B | -22.2% | 10-K |
| FY2007 | $3.42B | - | 10-K |