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World's largest custodian bank, safekeeping and servicing securities and assets for institutional investors.
World's largest custodian bank, safekeeping and servicing securities and assets for institutional investors.
Charges fees for holding and servicing clients' securities, moving collateral and clearing trades, and earns interest on the cash clients leave with it. Many fees are set on assets held, so they rise when markets rise. Formed by the 2007 merger of Bank of New York and Mellon Financial, it rebranded as BNY in 2024.
Moat: narrow (scale, switching costs, installed base). Custody relationships are deeply embedded in clients' operations and costly/risky to move.
Headquarters: New York, New York, US · Founded: 1784 · Employees: 48,100
Size BNY Mellon (BNY) is a United States Financials company (Investment Banks/Brokers) with a market value of $99.4B, the 125th largest of 3,117 United States companies the cockpit tracks. Shares closed at $147.72 on 6 Nov 2026.
Performance Over six months the shares gained 13.2%, against +5.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +12.0%); the operating margin is 37.4% (peer median 40.2%).
Valuation It trades at 14.7× forward earnings against a peer median of 21.7× (8th cheapest of 19).
Credit BNY Mellon has 51 bonds outstanding ($39.0B), rated A by the agencies and trading like AA- at a weighted spread of 37 bp.
Short interest Short interest is 1.3% of the free float (15 Oct 2026).
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $40.0B | $40.5B | $39.7B | $33.9B | $19.9B |
| Revenue growth | — | +2% | +17% | +70% | — |
| Net income | $6.54B | $5.55B | $4.53B | $3.30B | $2.57B |
| Free cash flow | $7.14B | $5.18B | -$782M | $4.69B | $13.7B |
| Capital expenditure | $2.22B | $1.55B | $1.47B | $1.22B | $1.35B |
| Total debt | $89.5B | $76.6B | $66.8B | $66.0B | $68.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BNY Mellon BNY | $99.4B | +13% | -1% | 37% | 14.7× | n/a |
| State Street STT | $45.0B | +11% | +2% | 33% | 11.1× | n/a |
| JPMorgan Chase JPM | $889B | +11% | +9% | 42% | 13.4× | n/a |
| Northern Trust NTRS | $31.3B | +8% | +7% | 24% | 13.7× | n/a |
| Citigroup C | $200B | -5% | +5% | 29% | 9.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BNY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.9% | +1.1% | 8th highest of 19 |
| 6-month return | +13.2% | +5.1% | 6th highest of 19 |
| Distance from 52-week high | -10.9% | -11.9% | 9th highest of 19 |
| Revenue growth (TTM) | -1.3% | +12.0% | 3rd lowest of 19 |
| Operating margin | 37.4% | 40.2% | 9th lowest of 19 |
| Forward P/E | 14.7× | 21.7× | 8th cheapest of 19 |
| Bond spread | 37 bp | 83 bp | tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BNY Mellon BNY | United States | $99.4B | +13% | -1% | 37% | 14.7× | n/a | n/a |
| Intercontinental Exchange ICE | United States | $96.3B | +11% | +14% | 47% | 20.1× | n/a | n/a |
| CME CME | United States | $109B | +9% | +9% | 66% | 23.6× | n/a | n/a |
| Interactive Brokers IBKR | United States | $129B | -10% | +16% | 87% | 23.9× | n/a | n/a |
| Barclays BARC.L | United Kingdom | $75.1B | +1% | +7% | 22% | 8.2× | n/a | n/a |
| Robinhood Markets HOOD | United States | $72.9B | +5% | +22% | 44% | 29.7× | n/a | n/a |
| Deutsche Bank Aktiengesellschaft DBK.DE | Germany | $65.0B | +15% | 0% | 30% | 9.5× | n/a | n/a |
| Deutsche Boerse DB1.DE | Germany | $63.8B | +32% | +7% | 41% | 24.7× | n/a | n/a |
| Macquarie MQG.AX | Australia | $63.5B | +5% | +5% | 20% | 18.1× | n/a | n/a |
| Charles Schwab SCHW | United States | $158B | +3% | +12% | 52% | 12.2× | n/a | n/a |
| HKEX 0388.HK | Hong Kong | $62.2B | -10% | +23% | 75% | 24.6× | n/a | n/a |
| Nasdaq NDAQ | United States | $59.4B | +21% | +12% | 31% | 23.4× | n/a | n/a |
| CITIC Securities 600030.SS | China | $56.4B | -6% | -16% | 54% | 10.2× | n/a | n/a |
| State Street STT | United States | $45.0B | +11% | +2% | 33% | 11.1× | n/a | n/a |
| Goldman Sachs GS | United States | $250B | -8% | +12% | 40% | 12.0× | n/a | n/a |
| Cboe Global Markets CBOE | United States | $36.9B | +2% | +14% | 36% | 23.4× | n/a | n/a |
| Coinbase COIN | United States | $35.7B | -33% | -48% | -33% | 99.3× | n/a | n/a |
| Tradeweb Markets TW | United States | $29.7B | +17% | +14% | 44% | 27.9× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |
BNY Mellon has 51 bonds outstanding with $39.0B face value. The agencies rate it A; its bonds trade like AA-. Weighted yield 4.88%, a spread of 37 bp over government bonds.