BK Q1 2024 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q1 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$9.5B+32.8% YoY

Gross Profit

$4.4B46.4% margin

Operating Income

$1.3B14.0% margin

Net Income

$1.0B10.8% margin

EPS (Diluted)

$1.25

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

-$2.7B

Free Cash Flow

-$3.0B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$434.7B

Total Liabilities

$394.0B

Stockholders' Equity

$40.6B

Cash & Equivalents

$135.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.5B	$7.1B	+32.8%
Gross Profit	$4.4B	$4.3B	+2.3%
Operating Income	$1.3B	$1.3B	+2.8%
Net Income	$1.0B	$982M	+4.4%

Revenue Segments

Financial Service

$2.3B74%

Investment Advisory, Management and Administrative Service

$772M25%

Distribution and Shareholder Service

$42M1%