The Bank of New York Mellon (BNY) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $5.698bn, up 12% YoY; net income applicable to common shareholders rose 20% to $1.608bn and diluted EPS rose 24% to $2.34.

• Growth was broad-based across products, client segments and regions, marking the 15th consecutive quarter of YoY sales growth.

• Pre-tax margin was 38.5% and ROTCE was 29.0%; adjusted ROTCE was 29.3%.

• AUC/A reached $63.4T, up 10% YoY; AUM was $2.2T, up 2%.

Financial highlights

• Fee revenue rose 12% to $4.078bn; net interest income rose 15% to $1.423bn, while investment and other revenue was $175M.

• Noninterest expense increased 8% to $3.489bn, with more than three-quarters of the increase revenue-related; efficiency savings partly offset investments and higher costs.

• Adjusted diluted EPS was $2.37, up 24% YoY; adjusted net income was $1.625bn.

• Net interest margin was 1.43%, up 12 bps YoY and down 2 bps QoQ; provision for credit losses was $1M.

• Pre-tax income rose 18% YoY to $2.186bn; ROE was 16.0% and adjusted pre-tax margin was 38.9%.

Outlook and guidance

• FY26 positive operating leverage outlook rose to nearly 500 bps, from 400 bps three months earlier and slightly over 100 bps at the start of the year.

• FY26 total revenue growth, excluding notable items, is expected near the midpoint of a 12%-13% range, market dependent; NII is expected to rise 15% YoY.

• FY26 expense growth, excluding notable items, is expected near the midpoint of a 7%-8% range, up 100 bps from prior guidance.

• Q4 NII is expected to benefit from higher reinvestment yields and a seasonal deposit pickup; roughly $5B of securities roll off each quarter.