The Bank of New York Mellon 8-K
PositiveEarningsGuidance raised
Higher-yield securities reinvestment and balance-sheet growth lift net interest income; FY2026 revenue growth and operating leverage outlooks rise.
Filed 2026-07-15 06:30 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with an updated FY2026 outlook. BNY reported record revenue of $5.7B, up 13% Y/Y, with growth across its businesses and higher net interest income. Its updated outlook calls for faster revenue growth, higher expense growth and greater operating leverage than its original outlook.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Total revenue | $5.70B | $5.03B | 13% |
| Net interest income | $1.45B | $1.20B | 20% |
| Net income | $1.79B | $1.44B | 25% |
| Net income applicable to common shareholders | $1.70B | $1.39B | 22% |
| Diluted EPS | $2.45 | $1.93 | 27% |
| Adjusted diluted EPS, non-GAAP | $2.46 | $1.94 | 27% |
| AUC/A | $62.6T | $55.8T | 12% |
| AUM | $2.23T | $2.11T | 6% |
- Revenue growth reflected higher fee revenue, client activity and market values, plus net interest income up 20%; reinvestment of securities at higher yields and balance-sheet growth partly offset deposit margin compression. Noninterest expense rose 7%, driven by revenue-related costs, investments and salary increases, partly offset by efficiency savings.
- Pre-tax operating margin was 39.8%, up 3.2 percentage points Y/Y; non-GAAP ROTCE was 31.3%, up 3.5 points. BNY returned $1.47B to common shareholders: $371M in dividends and $1.10B in repurchases. It repurchased 8.02M shares, down 23% Y/Y; period-end shares outstanding fell 4% to 678.5M.
- BNY declared a 19% increase in the quarterly common dividend for 3Q26.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Total revenue, excluding notable items, non-GAAP | FY2026 | Up 10%-11% Y/Y | Up 3%-4% Y/Y | Raised |
| Expenses, excluding notable items, non-GAAP | FY2026 | Up 6%-7% Y/Y | Up 5% ± Y/Y | Raised |
| Operating leverage, non-GAAP | FY2026 | ≈400 bp | >100 bp | Raised |
| Incremental investments | FY2026 | ≈$500M | — | — |
| Efficiency savings | FY2026 | ≈$450M | — | — |
Investor Takeaways
- Track full-year revenue, expense growth and operating leverage against the updated FY2026 outlook.
- Watch execution on the 2026 investment and efficiency-savings targets as the company shifts from activating its platform operating model to realizing its benefits.
- The 19% dividend increase takes effect in 3Q26.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3