Fiscal year ends DecLast earnings: Apr 16, 2026Est. next earnings: Jul 16, 2026
Latest Score
9.0/ 10
+1.0vs prior
4-Period Change
+2.0
vs Q1 '25
Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
5%
All quarters
9.0out of 10Positive
Sentiment · FY2026 Q1
Q4 '24Q1 '26
Top Analysts & Firms
Most Active Analysts
Analyst
Firm
Questions
ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base5Base 5GAAP revenue YoY +2.20% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript+2Transcript +2Bank sector Tier 2: FMP revenue includes gross interest income vs company-reported total revenue ($5.4B, up 13% YoY). FMP revenue YoY 2.20%; transcript 13% → base 7 (8-14% band). Two-band gap → transcript adjustment = +2.+EPS+1EPS +1GAAP EPS YoY +41.77% vs FMP rev +2.20%, spread +39.57 percentage points. operating income YoY +32.46%, operating income spread +30.26 percentage points also outside +5 percentage points same direction — confirms. Override flag tracks cross-check.+Guidance+2Guidance +2NII guide raised from ~6% (Q4: 'a little bit ahead of 5%') to ~10% YoY. On FY2025 NII base ~$5,175M: prior midpoint ~$5,485M (6%), new midpoint ~$5,693M (10%). Change: ($5,693-$5,485)/$5,485 = +3.79% → raise ≥3%. Total revenue also raised from 5% to 6% but NII raise is larger.=Final9Hard cap9Hard cap 9Calculated total was 10; capped at 9. See the Hard caps section on the About page for the full rules.
How this score was built
Base5Base 5GAAP revenue YoY +2.20% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript+2Transcript +2Bank sector Tier 2: FMP revenue includes gross interest income vs company-reported total revenue ($5.4B, up 13% YoY). FMP revenue YoY 2.20%; transcript 13% → base 7 (8-14% band). Two-band gap → transcript adjustment = +2.+
Macro Signals
↑Enterprise Spending→FX↑Credit
BNY Mellon delivered record Q1 FY2026 revenue of $5.4 billion with 13% year-over-year growth and 833 basis points of positive operating leverage. Full-year revenue guidance was raised to 6% and NII to 10%, a significant upgrade earning a +2 adjustment. AI leadership expanded with 218 solutions and digital employees, major client wins included AGI, PayPal, and U.S. Treasury, and the platform transformation continued delivering. Investment and wealth management margins remained well below target.
Key Themes7
positive📊 company
Record Revenue Of $5.4 Billion With 13% YOY Growth
Record revenue of $5.4 billion was up 13% year over year with fee revenue up 11% and NII up 18%, reflecting broad-based growth across Securities Services and Markets and Wealth Services.
Revenue GrowthMargin
positive📊 company
833 Basis Points Of Positive Operating Leverage
Delivered over 800 basis points of positive operating leverage with pretax margin expansion to 37% and ROTCE of 29%. EPS of $2.24 grew 42% year over year.
MarginCost Pressure
positive📊 company
Full-Year Revenue Guide Raised To 6% And NII To 10%
EPS +1GAAP EPS YoY +41.77% vs FMP rev +2.20%, spread +39.57 percentage points. operating income YoY +32.46%, operating income spread +30.26 percentage points also outside +5 percentage points same direction — confirms. Override flag tracks cross-check.
+
Guidance+2Guidance +2NII guide raised from ~6% (Q4: 'a little bit ahead of 5%') to ~10% YoY. On FY2025 NII base ~$5,175M: prior midpoint ~$5,485M (6%), new midpoint ~$5,693M (10%). Change: ($5,693-$5,485)/$5,485 = +3.79% → raise ≥3%. Total revenue also raised from 5% to 6% but NII raise is larger.
=
Final9
Hard cap9Hard cap 9Calculated total was 10; capped at 9. See the Hard caps section on the About page for the full rules.
Raised full year 2026 total revenue outlook to approximately 6% year-over-year growth from prior 5%, and NII guide raised to approximately 10% year over year.
Revenue GrowthGuidance Reliability
positive📊 company
AI Leadership With 218 Solutions And Digital Employees
More than 200 AI solutions in production, up four times year over year. Moving from point solutions to enhancing end-to-end processes with multi-agentic digital employees.
Cloud & AIInnovation & R&D
positive📊 company
Major Client Wins Including AGI, PayPal, And US Treasury
Allianz Global Investors selected BNY for investment operating model optimization. PayPal selected BNY for digital asset custody. US Treasury selected BNY as financial agent for Trump accounts.
DemandCompetitive Dynamics
negative📊 company
Investment And Wealth Management Margin Still Far Below Target
Investment and Wealth Management pretax margin of 11% versus 25% medium-term target. Net outflows of $10 billion from cash and $7 billion from index strategies continued.
Significant volatility driven by shifting expectations for growth, inflation, and interest rates amid geopolitical conflicts and evolving policy outlooks. Volatility benefited BNY through higher volumes.