Bank of New York Mellon (BNY) FY2024 results: revenue $18.6 billion, up 5.2% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $18.6 billion for fiscal 2024, the year ended 31 December 2024, up 5.2% on the year before. Net income was $4.5 billion, up 37.2%, and diluted earnings per share $5.80. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$18.6 billion
+5.2% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$4.5 billion
+37.2% on the year
FY2017FY2024
Diluted EPS
$5.80
+49.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
687
5,912
15,068
-88.4%
Capital expenditure
1,469
1,220
1,346
+20.4%
Free cash flow
-782
4,692
13,722
Cash from investing
-9,479
-5,810
19,874
Cash from financing
6,338
-3,519
-33,654
Depreciation and amortisation
1,803
1,887
1,778
-4.5%
Share-based compensation
0.0
0.0
n/a
Buybacks
3,064
2,604
124
+17.7%
Dividends paid
1,348
1,262
1,165
+6.8%
Dividend per share
$1.78
$1.58
$1.42
+12.7%
Diluted shares, weighted
748m
788m
815m
-5.0%
Shares outstanding at period end
718m
759m
808m
-5.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
41,318
40,770
40,734
+1.3%
Non-controlling interest
359
50.0
7.0
+618.0%
Redeemable equity
87.0
85.0
109
+2.4%
Deposits
289,524
283,669
278,970
+2.1%
Repurchase agreements
14,064
14,507
12,335
-3.1%
Trading liabilities
4,865
6,226
5,385
-21.9%
Debt
45,444
46,243
43,190
-1.7%
Other liabilities
20,403
18,403
25,053
+10.9%
Total liabilities and equity
416,064
409,953
405,783
+1.5%
Fixed assets
3,266
3,163
3,256
+3.3%
Goodwill
16,598
16,261
16,150
+2.1%
Intangible assets
2,851
2,854
2,901
-0.1%
Securities held for sale or to maturity
136,627
126,395
142,816
+8.1%
Loans
71,276
66,576
n/a
+7.1%
Resale agreements
41,146
28,900
24,298
+42.4%
Securities borrowed
16,591
10,475
9,006
+58.4%
Trading assets
13,981
10,058
9,908
+39.0%
Cash and equivalents
4,178
4,922
5,030
-15.1%
Other assets
109,550
140,349
192,418
-21.9%
Total assets
416,064
409,953
405,783
+1.5%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.