BK Q3 2024 Earnings — The Bank of New York Mellon Corporation Revenue & Financial Results | Market Cap Arena

BKThe Bank of New York Mellon Corporation

$81B

Q3 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$10.2B+15.0% YoY

Gross Profit

$4.5B44.6% margin

Operating Income

$1.5B15.0% margin

Net Income

$1.2B11.6% margin

EPS (Diluted)

$1.50

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

-$312M

Free Cash Flow

-$687M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$427.5B

Total Liabilities

$385.1B

Stockholders' Equity

$42.0B

Cash & Equivalents

$116.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.2B	$8.8B	+15.0%
Gross Profit	$4.5B	$4.3B	+4.7%
Operating Income	$1.5B	$1.3B	+14.8%
Net Income	$1.2B	$1.0B	+13.7%

Revenue Segments

Financial Service

$2.3B74%

Investment Advisory, Management and Administrative Service

$799M25%

Distribution and Shareholder Service

$39M1%