Bank of New York Mellon (BNY) Q1 FY2025 earnings: revenue $4.8 billion, up 5.9% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $4.8 billion for Q1 FY2025, the quarter ended 31 March 2025, up 5.9% on the same quarter a year earlier. Net income was $1.2 billion, up 19.0% on the year, and diluted earnings per share $1.58. The figures are the company's own, from the 10-Q it filed with the SEC on 2 May 2025.
Revenue
$4.8 billion
+5.9% on the year · -1.1% on the quarter
Q2 FY2023Q1 FY2025
Operating margin
n/a
Q2 FY2023Q1 FY2025
Net income
$1.2 billion
+19.0% on the year · +5.6% on the quarter
Q2 FY2023Q1 FY2025
Diluted EPS
$1.58
+26.4% on the year · +2.6% on the quarter
Q2 FY2023Q1 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
4,792
4,847
4,527
-1.1%
+5.9%
Interest expense
n/a
n/a
5,056
Income tax
300
315
297
-4.8%
+1.0%
Net income
1,220
1,155
1,025
+5.6%
+19.0%
Net margin
25.5%
23.8%
22.6%
Diluted EPS
$1.58
$1.54
$1.25
+2.6%
+26.4%
$ 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
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
412
1,550
-2,680
-73.4%
Capital expenditure
320
413
299
-22.5%
+7.0%
Free cash flow
92.0
1,137
-2,979
-91.9%
Cash from investing
-18,804
1,631
-26,741
Cash from financing
21,100
-5,258
28,433
-25.8%
Depreciation and amortisation
446
428
468
+4.2%
-4.7%
Buybacks
746
750
988
-0.5%
-24.5%
Dividends paid
343
349
324
-1.7%
+5.9%
Dividend per share
$0.47
$0.47
$0.42
0.0%
+11.9%
Diluted shares, weighted
727m
734m
762m
-0.9%
-4.6%
Shares outstanding at period end
715m
718m
748m
-0.3%
-4.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
43,119
41,318
40,569
+4.4%
+6.3%
Non-controlling interest
410
359
111
+14.2%
+269.4%
Redeemable equity
94.0
87.0
82.0
+8.0%
+14.6%
Deposits
308,644
289,524
309,020
+6.6%
-0.1%
Repurchase agreements
15,663
14,064
15,112
+11.4%
+3.6%
Trading liabilities
4,580
4,865
3,100
-5.9%
+47.7%
Debt
48,406
45,444
47,814
+6.5%
+1.2%
Other liabilities
19,775
20,403
18,920
-3.1%
+4.5%
Total liabilities and equity
440,691
416,064
434,728
+5.9%
+1.4%
Fixed assets
3,257
3,266
3,136
-0.3%
+3.9%
Goodwill
16,661
16,598
16,228
+0.4%
+2.7%
Intangible assets
2,846
2,851
2,839
-0.2%
+0.2%
Securities held for sale or to maturity
145,385
136,627
138,909
+6.4%
+4.7%
Loans
71,109
71,276
n/a
-0.2%
Resale agreements
41,316
41,146
29,661
+0.4%
+39.3%
Securities borrowed
17,575
16,591
13,058
+5.9%
+34.6%
Trading assets
11,978
13,981
10,078
-14.3%
+18.9%
Cash and equivalents
5,354
4,178
5,305
+28.1%
+0.9%
Other assets
125,210
109,550
215,514
+14.3%
-41.9%
Total assets
440,691
416,064
434,728
+5.9%
+1.4%
Questions
What was Bank of New York Mellon's revenue in Q1 FY2025?
Bank of New York Mellon (BNY) reported revenue of $4.8 billion for Q1 FY2025, the quarter ended 31 March 2025, up 5.9% on the same quarter a year earlier.
How much did Bank of New York Mellon earn in Q1 FY2025?
Net income for Q1 FY2025 was $1.2 billion, up 19.0% on the year, and diluted earnings per share $1.58.
When did Bank of New York Mellon report Q1 FY2025 results?
Bank of New York Mellon filed its 10-Q for the quarter ended 31 March 2025 with the SEC on 2 May 2025.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 31 March 2025, filed 2 May 2025: the filing.