The Bank of New York Mellon Corporation Earnings Call Transcripts
Fiscal Year 2026
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EPS rose 27% year-over-year to $2.45, with revenue up 13% to $5.7B and strong operating leverage. Guidance for 2026 was raised, with revenue growth expected at 10%-11% and NII up 12%-13%. Investments in AI, digital assets, and integrated solutions are driving durable growth.
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The firm is nearly complete with its strategic transformation to a platform operating model, driving record organic growth and operational efficiency. AI is deeply integrated, with over 250 solutions deployed, and digital assets are a key focus for future growth. Optimism remains high amid a dynamic macro environment.
Fiscal Year 2025
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Record revenue and EPS growth were driven by strong performance across core segments, operational efficiency, and innovation in digital assets and AI. The company maintained robust capital returns and expects continued positive operating leverage, with a focus on transformation and sustainable growth.
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Q1 delivered strong EPS and revenue growth, with positive operating leverage and robust capital returns. Transformation to a platforms model and AI innovation are driving efficiency and client engagement, while guidance for 2025 remains unchanged despite macro uncertainty.
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Pre-tax margin reached 29% in 2024, driven by strong fee growth, technology investments, and integrated client solutions. ETF and alternatives servicing saw double-digit growth, while the Platform Operating Model and data initiatives improved efficiency and client experience.
Fiscal Year 2024
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Record 2024 results included $4.3B net income and $18.6B revenue, with strong operating leverage and capital returns. 2025 guidance calls for mid-single-digit NII growth, higher fee revenue, and continued investment in technology and platforms.