BK Q1 2023 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q1 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$7.1B+81.9% YoY

Gross Profit

$4.3B60.2% margin

Operating Income

$1.3B18.0% margin

Net Income

$982M13.7% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

+19.6%

Cash Flow

Operating Cash Flow

$1.8B

Free Cash Flow

$1.5B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$425.1B

Total Liabilities

$384.3B

Stockholders' Equity

$40.6B

Cash & Equivalents

$133.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.1B	$3.9B	+81.9%
Gross Profit	$4.3B	$3.8B	+11.9%
Operating Income	$1.3B	$918M	+40.3%
Net Income	$982M	$773M	+27.0%

Revenue Segments

Financial Service

$2.1B72%

Investment Advisory, Management and Administrative Service

$783M27%

Distribution and Shareholder Service

$33M1%