Bank of New York Mellon Corp

(a) Excludes seed capital gains (losses) related to consolidated investment management funds.

(b) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Clearance and Collateral Management, Issuer Services, Wealth Solutions and Wealth Management lines of business. Includes the AUC/A of CIBC Mellon of $2.3 trillion at Sept. 30, 2026 and $2.1 trillion at Sept. 30, 2025.

(c) Represents assets managed in the Investment and Wealth Management business segment.

Fee revenue increased 12% compared with the third quarter of 2025, primarily reflecting higher investment services fees, foreign exchange revenue and investment management and performance fees.

Investment and other revenue decreased $33 million compared with the third quarter of 2025, primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a disposal gain recorded in the third quarter of 2025, partially offset by other investment gains.

Investment services fees

Investment services fees increased 15% compared with the third quarter of 2025, primarily reflecting net new business, higher client activity and higher market values.

AUC/A totaled $63.4 trillion at Sept. 30, 2026, an increase of 10% compared with Sept. 30, 2025, primarily reflecting higher market values, net client inflows and net new business, partially offset by the unfavorable impact of a stronger U.S. dollar. AUC/A consisted of 40% equity securities and 60% fixed-income securities at Sept. 30, 2026, and 38% equity securities and 62% fixed-income securities at Sept. 30, 2025.

See “Securities Services business segment” and “Market and Wealth Services business segment” in “Review of business segments” for additional details.

Investment management and performance fees

Investment management and performance fees increased 3% compared with the third quarter of 2025, primarily reflecting higher market values, partially offset by the mix of AUM flows. Performance fees were $2 million in the third quarter of 2026 and $6 million in the third quarter of 2025. On a constant currency basis, investment management and performance fees increased 3% (Non-GAAP) compared with the third quarter of 2025. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 41 for the reconciliation of Non-GAAP measures.

AUM was $2.2 trillion at Sept. 30, 2026, an increase of 2% compared with Sept. 30, 2025, primarily reflecting higher market values, partially offset by cumulative net outflows and the unfavorable impact of the stronger U.S. dollar.

See “Investment and Wealth Management business segment” in “Review of business segments” for additional details regarding the drivers of investment management and performance fees, AUM and AUM flows.

Foreign exchange revenue

Foreign exchange revenue is primarily driven by the volume of client transactions and the spread realized

6 BNY on these transactions, both of which are impacted by market volatility, the impact of foreign currency hedging activities and foreign currency remeasurement gain (loss). Foreign exchange revenue increased 19% compared with the third quarter of 2025, primarily reflecting higher client volumes. Foreign exchange revenue is primarily reported in the Securities Services business segment and, to a lesser extent, the Market and Wealth Services and Investment and Wealth Management business segments and the Other segment.

Financing-related fees

Financing-related fees, which are primarily reported in the Market and Wealth Services and Securities Services business segments, include capital market fees, loan commitment fees and credit-related fees. Financing-related fees decreased 1% compared with the third quarter of 2025, primarily reflecting lower commitment fees.

Investment and other revenue

Investment and other revenue includes income or loss from consolidated investment management funds, seed capital gains or losses, other trading revenue or

loss, renewable energy investments gains, income from corporate and bank-owned life insurance contracts, other investment gains or losses, gains or losses from disposals, expense reimbursements from our CIBC Mellon joint venture, other income or loss and net investment securities gains or losses. The income or loss from consolidated investment management funds should be considered together with the net income or loss attributable to noncontrolling interests, which reflects the portion of the consolidated funds for which we do not have an economic interest and is reflected below net income as a separate line item on the consolidated income statement. Other trading revenue or loss primarily includes the impact of market-risk hedging activity related to our seed capital investments in investment management funds, non-foreign currency derivative and fixed income trading, and other hedging activity. Other investment gains or losses includes fair value changes of non-readily marketable strategic equity, private equity and other investments. Expense reimbursements from our CIBC Mellon joint venture relate to expenses incurred by BNY on behalf of the CIBC Mellon joint venture. Other income includes various miscellaneous revenues.

The following table provides the components of investment and other revenue.

(a) Includes gains (losses) on investments in BNY funds that hedge deferred incentive awards.

(b) Includes strategic equity, private equity and other investments.

Investment and other revenue decreased $33 million compared with the third quarter of 2025, primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a disposal gain recorded in the third quarter of 2025, partially offset by other investment gains.

Fee revenue increased 11% compared with the first nine months of 2025, primarily reflecting higher investment services fees, foreign exchange revenue and investment management and performance fees. The 13% increase in investment services fees primarily reflects net new business, higher client

BNY 7 activity and higher market values. Investment management and performance fees increased 5%, primarily reflecting higher market values, partially offset by the mix of AUM flows. The 23% increase in foreign exchange revenue primarily reflects higher client volumes.

Investment and other revenue increased $40 million compared with the first nine months of 2025, primarily reflecting higher investment-related gains, partially offset by the absence of disposal gains recorded in the first nine months of 2025 and higher net investment securities losses.