Q3 25 EPS
$1.91
BEAT +8.07%
Est. $1.77
Q3 25 Revenue
$5.08B
BEAT +2.10%
Est. $4.98B
vs S&P Since Q3 25
+15.2%
BEATING MARKET
BK +24.3% vs S&P +9.1%
Market Reaction
Did BK Beat Earnings? Q3 2025 Results
BNY Mellon delivered a strong third quarter, posting adjusted EPS of $1.91 against a Wall Street consensus of $1.77, an 8.07% beat, while revenue of $5.08 billion cleared estimates by 2.10%. The results, which the company characterized as a record qu… Read more BNY Mellon delivered a strong third quarter, posting adjusted EPS of $1.91 against a Wall Street consensus of $1.77, an 8.07% beat, while revenue of $5.08 billion cleared estimates by 2.10%. The results, which the company characterized as a record quarter for revenue, were driven primarily by a surge in net interest income, up 18% year-over-year to $1.24 billion, as maturing securities were reinvested at higher yields alongside balance sheet growth. Fee revenue of $3.64 billion added further momentum, climbing 7% on net new business, higher client activity, and elevated market values. The company generated 493 basis points of positive operating leverage as expense growth held to just 4%, helping expand pre-tax margin to 36% and push return on tangible common equity to 25.6%. Assets under custody and administration reached a record $57.8 trillion, underscoring the breadth of BNY's institutional franchise. The quarter also featured the rollout of Eliza, an upgraded AI platform deployed across the firm's entire workforce.
Key Takeaways
- • Net new business, higher client activity and market values drove fee revenue growth of 7% YoY
- • Reinvestment of maturing investment securities at higher yields drove NII growth of 18% YoY
- • Favorable impact of weaker U.S. dollar on fee revenue
- • Balance sheet growth contributing to NII expansion
- • Higher collateral management balances and clearance volumes in Clearance and Collateral Management
- • Higher Depositary Receipts revenue in Issuer Services
- • Efficiency savings partially offsetting expense increases
BK YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BK Revenue by Segment
With YoY comparisons, source: SEC Filings
“BNY delivered another quarter of strong results. Record revenue of $5.1 billion was up 9% year-over-year on the back of broad-based growth across the platforms that make up our Securities Services and Market and Wealth Services segments, and we continued to drive significant positive operating leverage. Taken together, we reported a pre-tax margin of 36%, generated an ROTCE of 26%, and earnings per share of $1.88 were up 25% year-over-year.”
— Robin Vince, Q3 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% |