BK Q3 2023 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q3 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$8.8B+69.5% YoY

Gross Profit

$4.3B49.0% margin

Operating Income

$1.3B15.0% margin

Net Income

$1.0B11.8% margin

EPS (Diluted)

$1.22

QoQ Revenue Growth

+3.5%

Cash Flow

Operating Cash Flow

$5.0B

Free Cash Flow

$4.7B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$405.2B

Total Liabilities

$364.1B

Stockholders' Equity

$41.0B

Cash & Equivalents

$122.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.8B	$5.2B	+69.5%
Gross Profit	$4.3B	$4.2B	+3.5%
Operating Income	$1.3B	$630M	+110.8%
Net Income	$1.0B	$388M	+168.0%

Revenue Segments

Financial Service

$2.2B73%

Investment Advisory, Management and Administrative Service

$776M26%

Distribution and Shareholder Service

$39M1%