BK Q2 2023 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q2 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$8.5B+89.7% YoY

Gross Profit

$4.4B51.6% margin

Operating Income

$1.4B16.3% margin

Net Income

$1.1B12.6% margin

EPS (Diluted)

$1.31

QoQ Revenue Growth

+19.5%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$794M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$430.4B

Total Liabilities

$389.3B

Stockholders' Equity

$40.9B

Cash & Equivalents

$133.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.5B	$4.5B	+89.7%
Gross Profit	$4.4B	$4.1B	+7.0%
Operating Income	$1.4B	$1.1B	+26.8%
Net Income	$1.1B	$869M	+23.4%

Revenue Segments

Securities Services Segment

$2.2B50%

Market and Wealth Services

$1.4B32%

Investment and Wealth Management Segment

$813M18%