)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
The Bank of New York Mellon
The Bank of New York Mellon (BK) investor relations material
The Bank of New York Mellon Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary13 Jan, 2026
Executive summary
Achieved record net income of $5.3 billion and record revenue of $20.1 billion for 2025, with revenue up 8% year-over-year and EPS up 28%, and ROTCE at 26%.
Four consecutive quarters of positive operating leverage in 2025, with pre-tax margin improving to 35% and $5.0 billion returned to shareholders.
Strategic priorities included deepening client relationships, advancing AI adoption, and launching innovative digital asset solutions, with significant investments in technology and new commercial models.
Transitioned over 70% of staff to a platform operating model, enhancing agility and productivity.
Launched new products such as the Dreyfus Stablecoin Reserves Fund, tokenized deposit capabilities, and Eliza 2.0 AI platform, with 99% employee adoption and over 60 AI-related patent applications.
Financial highlights
Q4 2025 revenue was $5.2 billion, up 7% year-over-year; full-year revenue reached $20.1 billion, up 8% year-over-year.
Full-year net income was $5.3 billion, up 22% year-over-year; pre-tax income for 2025 was $7.1 billion, up 21% year-over-year.
EPS for 2025 was $7.40, up 28% year-over-year; adjusted EPS excluding notable items was $7.50, up 24% year-over-year.
Net interest income increased 13% in Q4 and 15% for the year; noninterest expense was flat in Q4 and up 3% for the year.
AUC/A at period end was $59.3 trillion, up 14% year-over-year; AUM at $2.2 trillion, up 7% year-over-year.
Outlook and guidance
2026 revenue expected to grow 5% year-over-year, with expenses up 3%-4%, both excluding notable items; targeting over 100 basis points of positive operating leverage.
Medium-term targets raised: pre-tax margin to 38%+ and ROTCE to 28%+.
Quarterly tax rate expected at 23% for 2026, with a Q1 tax benefit from stock award vesting.
Management expects continued positive momentum and greater scale and growth across platforms.
Detail deposit margin compression impact on NII
What drove the 94% FY25 payout ratio?
Explain AUM flow mix impact on fee revenue
What is the quantifiable impact of AI on capacity?
What specific drivers underpin new medium-term targets?
How will One BNY deepen client relationships further?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next The Bank of New York Mellon earnings date
Q1 202616 Apr, 2026
The Bank of New York Mellon
Next The Bank of New York Mellon earnings date
Q1 202616 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Leading Financial Services
The Bank of New York Mellon Corporation, most commonly referred to BNY Mellon, is an American multinational banking and financial services holding company. The company is one of the world's largest financial services providers, and BNY Mellon delivers a range of services that enable institutions and individuals to manage their financial assets. Its offerings include investment servicing, investment management, and investment research and trading. The company is, unsurprisingly, headquartered in NYC, and its shares are listed on the NYSE.
Two Historic Institutions
BNY Mellon is the result of the 2007 merger between The Bank of New York and Mellon Financial Corporation. The Bank of New York, established in 1784 by Alexander Hamilton (Yes, that Alexander Hamilton), is one of America's oldest banks and was one of the first companies traded on the New York Stock Exchange. Mellon Financial was founded in 1869 by the Mellon family of Pittsburgh. The merger combined The Bank of New York's extensive securities servicing and treasury management with Mellon's asset and wealth management services. Today, it is one of the leading financial services companies in the world and competes against names such as JPMorgan Chase, State Street, Blackrock, and many others.
Three Areas of Operation
BNY Mellon has three key areas of operation: Securities Services, Market & Wealth Services, and Investment & Wealth Management.
Securities Services encompass a range of offerings for institutional investors and market participants. This includes custody services, as well as offering securities lending, enabling clients to loan out securities in exchange for potential revenue. In addition, their fund services cover fund accounting, administration, and transfer agency activities.
BNY Mellon's Markets and Wealth Services cater to a diverse clientele, including high-net-worth individuals, family offices, and institutions. In Market Services, the company offers foreign exchange, securities finance, and liquidity services, enabling market transactions and effective risk management.
In Wealth Services, BNY Mellon delivers comprehensive wealth management, including investment management, wealth planning, and private banking. They offer personalized strategies to help clients grow, manage, and preserve their wealth, tailored to individual goals and circumstances.
Investment and Wealth management
In Investment Management, they provide a broad spectrum of investment strategies and solutions. This includes managing assets across various classes like equities, fixed income, and alternatives. In Wealth Management, the focus is on delivering tailored financial strategies for high-net-worth individuals, families, and family offices. Services here include comprehensive financial planning, investment management, and private banking solutions.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage