BK Q2 2024 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$9.9B+15.6% YoY

Gross Profit

$4.5B45.7% margin

Operating Income

$1.5B15.5% margin

Net Income

$1.2B11.8% margin

EPS (Diluted)

$1.52

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

$1.7B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$428.5B

Total Liabilities

$387.4B

Stockholders' Equity

$40.8B

Cash & Equivalents

$132.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.9B	$8.5B	+15.6%
Gross Profit	$4.5B	$4.4B	+2.3%
Operating Income	$1.5B	$1.4B	+10.0%
Net Income	$1.2B	$1.1B	+9.0%

Revenue Segments

Financial Service

$2.3B74%

Investment Advisory, Management and Administrative Service

$765M24%

Distribution and Shareholder Service

$41M1%