The Bank of New York Mellon's first quarter 2026 revenue rose 13% to $5.4B, beating estimates as EPS surged 42%.

The Bank of New York Mellon reported first quarter 2026 revenue of $5.41 billion, up 13% year-over-year, and diluted EPS of $2.24, an increase of 42% from the prior year. Both revenue and earnings significantly surpassed analyst expectations, driven by growth across all business segments.

Key Highlights

• Net interest income grew 18% year-over-year to $1.37 billion, surpassing expectations due to higher yields on reinvested securities and balance sheet growth.
• Fee revenue also demonstrated broad strength, increasing 11% year-over-year to $3.77 billion, driven by higher client activity, market values, and foreign exchange revenue.
• The company returned $1.4 billion to shareholders during the quarter and announced a new $10 billion common share repurchase program.