The Bank of New York Mellon Cor (BNY) 10-K Summary — Year Ended Dec 31, 2024
The Bank of New York Mellon Corporation filed its annual report, describing its business and financial results. The filing highlights revenue growth and net income, while detailing risks related to operations, technology, and cybersecurity.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
The Bank of New York Mellon Corporation filed its annual report, describing its business and financial results. The filing highlights revenue growth and net income, while detailing risks related to operations, technology, and cybersecurity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$18.6B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$4.5B
Net income reported for the year.
Operating cash flow
$687M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $15.9B | n/a |
| Dec 31, 2022 | $16.5B | +3.8% |
| Dec 31, 2023 | $17.7B | +7.1% |
| Dec 31, 2024 | $18.6B | +5.2% |
Business overview
The company provides financial services, including custody, asset servicing, and treasury management. It operates through segments that serve institutional clients globally. The filing does not provide further detail on specific business lines.
Financial performance
Revenue increased over the prior year, and net income was reported. Operating cash flow was positive but lower than revenue. The filing shows a multi-year trend of rising revenue.
Material risks
Material risks include operational errors or delays, ineffective risk management, model limitations, technology disruptions, and cybersecurity incidents. The use of artificial intelligence also presents emerging risks that could adversely affect the business.
Liquidity and capital
The filing does not provide specific details on liquidity or capital allocation strategies. No capital allocation themes are discussed in the supplied context.
What to watch
Monitor any updates on the company's risk management framework and its effectiveness in mitigating operational and cybersecurity risks.