Bank of New York Mellon Corp Earnings Summary — Q2 FY2026

• Achieved record total revenue of $5.7 billion, driven by double-digit growth in Fee Revenue (11%) and Net Interest Income (20%).
• Assets under Custody and/or Administration (AUC/A) rose 12% year-over-year to $62.6 trillion, while Assets under Management (AUM) reached $2.2 trillion.
• Generated 600 basis points of positive operating leverage as revenue growth (13%) significantly outpaced expense growth (7%).
• Return on Tangible Common Equity (ROTCE) was robust at 31.3%, reflecting improved efficiency and strong profitability across all segments.
• Aggressive capital return policy continued with $1.5 billion returned to shareholders via $1.1 billion in buybacks and $371 million in dividends.
• Credit quality remains stable with a provision benefit of $8 million, primarily due to improvements in commercial real estate exposure.

Management reported strong momentum halfway through the year, focusing on delivering differentiated solutions through new commercial and platform operating models. While specific numerical targets for Q3 were not detailed, the CEO highlighted continuous strategic investments to drive record sales and broad-based growth.

Improving

Performance exceeded prior quarter benchmarks with significant expansion in pre-tax margins and record-level revenue generation across Securities, Market, and Investment segments.

The outlook remains constructive based on healthy client activity and the successful implementation of new operating models. BNY expects to continue benefiting from higher yields on investment securities and market appreciation, despite potential headwinds from a stronger U.S. dollar and deposit margin compression.