Bank of New York Mellon (BNY) Q1 FY2026 earnings: revenue $5.4 billion, up 12.9% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $5.4 billion for Q1 FY2026, the quarter ended 31 March 2026, up 12.9% on the same quarter a year earlier. Net income was $1.6 billion, up 33.8% on the year, and diluted earnings per share $2.24. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2026.
Revenue
$5.4 billion
+12.9% on the year · +4.4% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
n/a
Q2 FY2024Q1 FY2026
Net income
$1.6 billion
+33.8% on the year · +11.7% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$2.24
+41.8% on the year · +10.9% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new.
Revenue and diluted EPS both rose: Total revenue was $5.4 billion, up 13%. Diluted EPS was $2.24, up 42%. Net income applicable to common shareholders was $1,562 million, up 36%. Adjusted diluted EPS was $2.25.
Fee revenue drove most of growth: Fee revenue was $3,768 million, up 11%, with a favorable currency effect from a lower U.S. dollar.
Securities Services pre-tax income rose 46%: Securities Services pre-tax income was $1,041 million, up 46%, with a 39% pre-tax operating margin. Asset Servicing revenue was $2,170 million, up 22%, on investment gains, client activity and market values.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. 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. 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 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-3,013
5,185
412
Capital expenditure
617
436
320
+41.5%
+92.8%
Free cash flow
-3,630
4,749
92.0
Cash from investing
-83,723
-20,763
-18,804
Cash from financing
88,303
15,873
21,100
+456.3%
+318.5%
Depreciation and amortisation
415
552
446
-24.8%
-7.0%
Buybacks
983
1,045
746
-5.9%
+31.8%
Dividends paid
434
377
343
+15.1%
+26.5%
Dividend per share
$0.53
n/a
$0.47
+12.8%
Diluted shares, weighted
698m
n/a
727m
-4.0%
Shares outstanding at period end
686m
688m
715m
-0.3%
-4.1%
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 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
44,783
44,313
43,119
+1.1%
+3.9%
Non-controlling interest
455
408
410
+11.5%
+11.0%
Redeemable equity
81.0
87.0
94.0
-6.9%
-13.8%
Deposits
417,080
331,894
308,644
+25.7%
+35.1%
Repurchase agreements
19,506
18,992
15,663
+2.7%
+24.5%
Trading liabilities
4,747
6,135
4,580
-22.6%
+3.6%
Debt
53,265
53,290
48,406
-0.0%
+10.0%
Other liabilities
21,600
17,181
19,775
+25.7%
+9.2%
Total liabilities and equity
561,517
472,300
440,691
+18.9%
+27.4%
Fixed assets
3,796
3,581
3,257
+6.0%
+16.5%
Goodwill
16,734
16,767
16,661
-0.2%
+0.4%
Intangible assets
2,809
2,822
2,846
-0.5%
-1.3%
Securities held for sale or to maturity
155,615
150,200
145,385
+3.6%
+7.0%
Loans
101,024
80,370
71,109
+25.7%
+42.1%
Resale agreements
43,660
44,892
41,316
-2.7%
+5.7%
Securities borrowed
19,122
18,063
17,575
+5.9%
+8.8%
Trading assets
16,488
14,276
11,978
+15.5%
+37.7%
Cash and equivalents
6,390
5,111
5,354
+25.0%
+19.4%
Other assets
195,879
136,218
125,210
+43.8%
+56.4%
Total assets
561,517
472,300
440,691
+18.9%
+27.4%
Questions
What was Bank of New York Mellon's revenue in Q1 FY2026?
Bank of New York Mellon (BNY) reported revenue of $5.4 billion for Q1 FY2026, the quarter ended 31 March 2026, up 12.9% on the same quarter a year earlier.
How much did Bank of New York Mellon earn in Q1 FY2026?
Net income for Q1 FY2026 was $1.6 billion, up 33.8% on the year, and diluted earnings per share $2.24.
When did Bank of New York Mellon report Q1 FY2026 results?
Bank of New York Mellon filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 1 May 2026.
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 2026, filed 1 May 2026: the filing.