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Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Fee and other revenue          
Investment services fees $ 2,583 $ 2,411 $ 2,359 $ 4,994 $ 4,637
Investment management and performance fees 758 739 761 1,497 1,537
Foreign exchange revenue 213 156 184 369 336
Financing-related fees 51 60 53 111 110
Distribution and servicing fees 36 37 41 73 83
Total fee revenue 3,641 3,403 3,398 7,044 6,703
Investment and other revenue 184 230 169 414 351
Total fee and other revenue 3,825 3,633 3,567 7,458 7,054
Net interest income          
Interest income 6,602 6,123 6,392 12,725 12,488
Interest expense 5,399 4,964 5,362 10,363 10,418
Net interest income 1,203 1,159 1,030 2,362 2,070
Total revenue 5,028 4,792 4,597 9,820 9,124
Provision for credit losses (17) 18 0 1 27
Noninterest expense          
Staff 1,768 1,834 1,720 3,602 3,577
Software and equipment 527 513 476 1,040 951
Professional, legal and other purchased services 388 366 374 754 723
Net occupancy 132 136 134 268 258
Sub-custodian and clearing 150 131 134 281 253
Distribution and servicing 63 65 88 128 184
Business development 53 48 50 101 86
Bank assessment charges 22 38 (7) 60 10
Amortization of intangible assets 11 11 13 22 25
Other 92 110 88 202 179
Total noninterest expense 3,206 3,252 3,070 6,458 6,246
Income          
Income before income taxes 1,839 1,522 1,527 3,361 2,851
Provision for income taxes 404 300 357 704 654
Net income 1,435 1,222 1,170 2,657 2,197
Net (income) attributable to noncontrolling interests related to consolidated investment management funds (12) (2) (2) (14) (4)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 1,423 1,220 1,168 2,643 2,193
Preferred stock dividends (32) (71) (25) (103) (97)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,391 $ 1,149 $ 1,143 $ 2,540 $ 2,096
Average common shares and equivalents outstanding:          
Basic (shares) 714,799 720,951 746,904 718,039 751,961
Common stock equivalents (shares) 5,208 6,447 4,692 5,787 4,909
Diluted (shares) 720,007 727,398 751,596 723,826 756,870
Anti-dilutive securities (shares) [1] 745 662 578 747 1,266
Earnings per share applicable to common shareholders:          
Basic (usd per share) $ 1.95 $ 1.59 $ 1.53 $ 3.54 $ 2.79
Diluted (usd per share) $ 1.93 $ 1.58 $ 1.52 $ 3.51 $ 2.77
[1] Represents restricted stock and restricted stock units outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.