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

Executive summary

• EPS rose 27% year-over-year to $2.45, with record total revenue up 13% to $5.7 billion, driven by broad-based business growth, strong sales, and new client acquisition.

• Operating leverage improved by 600 basis points, pre-tax margin reached 40%, and ROTCE was 31.3%.

• Net income applicable to common shareholders increased 22% year-over-year to $1.7 billion.

• The company completed its transition to a new platform operating model, enabling faster innovation and deeper client relationships.

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

Financial highlights

• Fee revenue increased 11% year-over-year, with investment services fees up 13% and investment management/performance fees up 5%.

• Net interest income grew 20% year-over-year, driven by higher yields and balance sheet growth.

• Noninterest expense rose 7% year-over-year, mainly due to higher revenue-related expenses and salary increases.

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

• AUC/A reached $62.6 trillion (up 12%), and AUM hit $2.2 trillion (up 6%) year-over-year.

Outlook and guidance

• Full-year 2026 revenue growth outlook raised to 10%-11% year-over-year, with net interest income expected to rise 12%-13%.

• Expenses (excluding notable items) projected to increase 6%-7% year-over-year, resulting in about 400 basis points of positive operating leverage.

• Management highlighted strong momentum but cautioned that actual results may differ due to market and macroeconomic uncertainties.

• The company maintains a conservative approach, expecting Q3 to be seasonally slower, especially for NII and deposits.