The Bank of New York Mellon (BNY) investor relations material

Executive summary

• Achieved record Q2 revenue of $5.7 billion, up 13% year-over-year, with EPS of $2.45, up 27%, and strong sales growth, new client acquisition, and broad-based business momentum.

• Pre-tax margin expanded to 39.8%, return on tangible common equity reached 31.3%, and net income applicable to common shareholders rose 22% to $1.7 billion.

• Transformation and innovation in AI, digital assets, and product development are driving deeper client relationships and measurable impact.

• Returned $1.5 billion to shareholders in Q2, including a 19% dividend increase declared for 3Q26.

• 14 consecutive quarters of year-over-year sales growth, with record sales in 1Q26 and 2Q26 and 10% of deals from new clients.

Financial highlights

• Total revenue: $5.7 billion, up 13% year-over-year; fee revenue up 11%; net interest income $1.4 billion, up 20% year-over-year.

• Noninterest expense grew 7% year-over-year to $3.4 billion, mainly due to revenue-related expenses and salary increases.

• Pre-tax margin: 39.8%; return on tangible common equity: 31.3%; ROE: 17.2%.

• Firm-wide AUC/A: $62.6 trillion, up 12% year-over-year; AUM: $2.2 trillion, up 6% year-over-year.

• Provision for credit losses was a benefit of $8 million, reflecting improvements in commercial real estate exposure.

Outlook and guidance

• Raised 2026 outlook: total revenue (excluding notable items) expected up 10%-11% year-over-year; expenses up 6%-7%, mainly from higher revenue-related expenses.

• Net interest income for full year 2026 expected up 12%-13% year-over-year.

• Expect to deliver approximately 400 basis points of positive operating leverage in 2026.

• Quarterly tax rate expected at approximately 23% for the remainder of the year.

• Forward-looking statements caution that actual results may differ due to market and macroeconomic uncertainties.