Q1 25 EPS
$1.58
BEAT +5.93%
Est. $1.49
Q1 25 Revenue
$4.79B
BEAT +0.39%
Est. $4.77B
vs S&P Since Q1 25
+48.7%
BEATING MARKET
BK +83.7% vs S&P +35.0%
Market Reaction
Did BK Beat Earnings? Q1 2025 Results
BNY Mellon opened 2025 on a strong note, posting first-quarter earnings per share of $1.58, beating the $1.49 consensus estimate by 5.93%, while revenue of $4.79 billion edged past expectations by 0.39%. The headline story was operating leverage, wit… Read more BNY Mellon opened 2025 on a strong note, posting first-quarter earnings per share of $1.58, beating the $1.49 consensus estimate by 5.93%, while revenue of $4.79 billion edged past expectations by 0.39%. The headline story was operating leverage, with diluted EPS climbing 26% year-over-year on a GAAP basis as the company's platforms-oriented transformation continued to generate efficiency gains, reflected in a 346 basis point improvement and a 32% pre-tax operating margin. The standout driver was broad strength across Securities Services and Market and Wealth Services, where Treasury Services fees grew 14% and total assets under custody and administration reached $53.1 trillion, up 9% year-over-year. Net interest income of $1.16 billion rose 11% on higher reinvestment yields from maturing securities. BNY returned $1.09 billion to shareholders in the quarter through buybacks and dividends, underscoring balance sheet confidence even as CEO Robin Vince acknowledged growing macroeconomic uncertainty tied to tariff and trade policy, noting the company is positioned to manage through a wide range of potential scenarios ahead.
Key Takeaways
- • Net interest income up 11% YoY from reinvestment of maturing investment securities at higher yields
- • Fee revenue up 3% driven by net new business and higher market values
- • Investment services fees up 6% YoY
- • Foreign exchange revenue up 3% YoY
- • Significant positive operating leverage of 346 bps YoY
- • AUC/A increased 9% YoY to $53.1 trillion driven by client inflows, higher market values and net new business
- • Efficiency savings partially offsetting higher investments and employee merit increases
BK YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BK Revenue by Segment
With YoY comparisons, source: SEC Filings
“BNY delivered a very solid performance in the first quarter, with total revenue of $4.8 billion, up 6% year-over-year. Enabled by our new commercial coverage approach and the phased transition to our strategic platforms operating model we can see tangible progress on delivering more integrated client solutions from across the entire company. Our steady execution on BNY's ongoing transformation continued as we built on the momentum with which we entered the year. Significant positive operating leverage resulted in an improved pre-tax margin of 32% and an ROTCE of 24%.”
— Robin Vince, Q1 2025 Earnings Press Release
BK Earnings Trends
BK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BK EPS Trend
Earnings per share: estimate vs actual
BK Revenue Trend
Quarterly revenue: estimate vs actual
BK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.25 | — | $5.41B | — |
| Q4 25 BEAT FY | $1.90 | $2.08 | +9.47% | $5.18B | — |
| FY Full Year | $7.37 | $7.50 | +1.83% | $20.08B | +0.22% |
| Q3 25 BEAT | $1.77 | $1.91 | +8.07% | $5.08B | +2.10% |
| Q2 25 BEAT | $1.75 | $1.93 | +10.56% | $5.03B | +4.58% |
| Q1 25 BEAT | $1.49 | $1.58 | +5.93% | $4.79B | +0.39% |