Q4 25 EPS
$2.08
BEAT +9.47%
Est. $1.90
Q4 25 Revenue
$5.18B
vs S&P Since Q4 25
+6.9%
BEATING MARKET
BK +10.8% vs S&P +3.9%
Full Year 2025 Results
FY 25 EPS
$7.50
BEAT +1.83%
Est. $7.37
FY 25 Revenue
$20.08B
BEAT +0.22%
Est. $20.04B
Market Reaction
Did BK Beat Earnings? Q4 2025 Results
BNY Mellon capped a record year with a strong fourth-quarter beat, posting adjusted earnings per share of $2.08 against a consensus estimate of $1.90, a 9.47% positive surprise that underscored the momentum building across its multi-year platform tra… Read more BNY Mellon capped a record year with a strong fourth-quarter beat, posting adjusted earnings per share of $2.08 against a consensus estimate of $1.90, a 9.47% positive surprise that underscored the momentum building across its multi-year platform transformation. Reported revenue of $5.18 billion reflected a -48.4% year-over-year decline, though the headline figure was shaped by notable items and prior-period comparisons rather than underlying business deterioration. The more telling signal came from net interest income, which climbed 13% to $1.35 billion as maturing securities were reinvested at higher yields, while fee revenue grew 5% on stronger market values and net new business, with a weaker U.S. Dollar providing an additional tailwind. The quarter extended BNY's streak to eight consecutive periods of positive GAAP operating leverage. Management's confidence in the trajectory is reflected in raised medium-term targets, with pre-tax margin now guided to 38% or higher and ROTCE to 28% or higher, while 2026 adjusted revenue is expected to grow approximately 5% with over 100 basis points of operating leverage targeted for a fourth straight year.
Key Takeaways
- • Fee revenue increased 5% driven by higher market values, net new business, and higher client activity
- • Net interest income increased 13% from reinvestment of maturing securities at higher yields and balance sheet growth
- • AUC/A increased 14% to $59.3 trillion driven by client inflows, higher market values, and weaker U.S. dollar
- • Average deposits grew 8% year-over-year to $310 billion
- • Efficiency savings of approximately $550 million generated in 2025
- • Eight consecutive quarters of positive operating leverage
BK YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
BK Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was another successful year for BNY. We delivered record net income of $5.3 billion on record revenue of $20.1 billion and generated an ROTCE of 26%. On the back of eight consecutive quarters of positive operating leverage, we grew earnings per share by 28% year-over-year and returned $5.0 billion of capital to our shareholders.”
— Robin Vince, Q4 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% |