Q1 26 EPS
$2.25
Q1 26 Revenue
$5.41B
Did BK Beat Earnings? Q1 2026 Results
Bank of New York Mellon delivered a standout first quarter in 2026, posting adjusted diluted EPS of $2.25, up 42% year-over-year, and total GAAP revenue of $5.41 billion, a 13% increase from the prior year period, marking the company's fourth consecu… Read more Bank of New York Mellon delivered a standout first quarter in 2026, posting adjusted diluted EPS of $2.25, up 42% year-over-year, and total GAAP revenue of $5.41 billion, a 13% increase from the prior year period, marking the company's fourth consecutive quarter of beating consensus EPS estimates. The results were powered by broad-based momentum across BNY's core franchises, with net interest income climbing 18% to $1.37 billion as reinvestment of securities at higher yields and balance sheet growth drove net interest margin to 1.38%. Fee revenue of $3.77 billion rose 11%, reflecting stronger client activity and elevated foreign exchange volumes, while Assets under Custody and Administration reached a preliminary $59.40 trillion, up 12% year-over-year. The company returned $1.36 billion to shareholders through buybacks and dividends, and its board authorized a new $10.00 billion repurchase program. Looking ahead, BNY is targeting an adjusted pre-tax operating margin of approximately 38% and an adjusted ROTCE of approximately 28% over a three-to-five year horizon, underpinned by continued AI investment and platform expansion.
Key Takeaways
- • Higher client activity and net new business driving fee revenue growth of 11% YoY
- • Net interest income up 18% YoY from reinvestment of securities at higher yields and balance sheet growth
- • Foreign exchange revenue increased 49% YoY
- • Over 800 basis points of positive operating leverage
- • AUC/A grew 12% YoY to $59.4 trillion driven by net client inflows, higher market values and weaker U.S. dollar
- • Average deposits grew 13% YoY to $318 billion
- • Strongest quarterly sales performance in company history
BK Forward Guidance & Outlook
BNY provided medium-term financial targets (3-5 year horizon) including an adjusted pre-tax operating margin of approximately 38% and an adjusted return on tangible common equity (ROTCE) of approximately 28%, both excluding notable items. The company continues to invest in AI, new products, capabilities, and its platforms operating model to drive long-term value. Forward-looking statements noted that total revenue outlook is subject to market levels, client activity, ability to win and onboard new business, interest rates, re-investment yields, and balance sheet size and composition.
BK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BK Revenue by Segment
With YoY comparisons, source: SEC Filings
“BNY had a strong start to 2026 with record revenue of $5.4 billion in the first quarter, up 13% year-over-year, reflecting broad-based growth across our Securities Services and Market and Wealth Services businesses. We delivered over 800 basis points of positive operating leverage, while investing in new products, capabilities, AI, and – critically – our people and culture. Taken together, we reported a pre-tax margin of 37%, generated an ROTCE of 29%, and grew earnings per share by 42% year-over-year.”
— Robin Vince, Q1 2026 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% |