Short answer
BNY Mellon (BK) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $20.1B (+7.8% year over year) and net income of $5.5B.
- Top risk flagged: Federal Reserve CCAR/capital planning regime: SCB buffers and TLAC rules constrain dividend/buyback capacity; weak capital plan could trigger enforcement action
FY2025 key financial metrics · XBRL
- Revenue
- $20.1B
- +7.8% YoY
- Net income
- $5.5B
- +22.5% YoY
- EPS (diluted)
- $7.40
- +27.6% YoY
- ROE
- 12.5%
- +1.6 pp YoY
- Operating cash flow
- $6.7B
- +879.6% YoY
Source: XBRL data from the BNY Mellon (BK) FY2025 10-K on SEC EDGAR. USD.
BNY Mellon FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global custodian/asset servicer platform: $59.3T AUC/A and $2.2T AUM as of Dec. 31, 2025
- "AI everywhere for everyone" philosophy: expanded AI training offerings firm-wide in 2025 for all ~48,100 employees
- ~60% of workforce based outside U.S.; ~18,000 in APAC, ~10,100 in EMEA, ~700 in Brazil
- Annual BK Shares equity grant (10 RSUs) again awarded to eligible employees in 2025, reinforcing ownership culture
Management Discussion & Analysis
- Total revenue $20.1B, up 8% YoY; fee/other revenue $15.1B (+6%), NII $4.9B (+15%)
- Pre-tax income $7.1B vs $5.8B; ROTCE 26.1% vs 22.8%; ROE 13.9% vs 11.9%; net interest margin 1.33% vs 1.22%
- Best segment: Market & Wealth Services revenue $7.0B (+12%), pre-tax income $3.4B; worst: Investment & Wealth Management revenue $3.3B (-4%), income down 10%
- CET1 ratio 11.9% vs 11.2%; total assets $472B vs $416B; dividends per share $2.00 vs $1.78; headcount cut to 48,100 from 51,800
- Key risks: deposit margin compression, AUM net outflows ($37B net), commercial real estate exposure, macroeconomic uncertainty weighted toward downside scenario
Risk Factors
- Federal Reserve CCAR/capital planning regime: SCB buffers and TLAC rules constrain dividend/buyback capacity; weak capital plan could trigger enforcement action
- Geopolitical conflicts and tariff escalation: sanctions, counter-tariffs, and cyberattack surge from geopolitical tensions could disrupt global operations and financial markets
- Platforms operating model transition: ongoing restructuring risks employee attrition, labor disputes, and loss of institutional knowledge if final implementation phase fails
- Fintech/stablecoin competition: non-regulated fintechs and stablecoin issuers threatening clearing, settlement, and payments businesses without equivalent regulatory burden
- Dodd-Frank Title I/II resolution structure: Parent's IHC credit line auto-terminates at resolution trigger, forcing asset transfer and potentially accelerating bankruptcy
Generated from the filing text; verify against the original. How to read a 10-K
Other BNY Mellon annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.