Bank of New York Mellon Corp

For the period ended Sep 30, 2026. Filed Oct 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 30, 2026

BNY$151.14-0.1%Stored close · as of Nov 10, 2026

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Contents

Supplemental information – Explanation of GAAP

Supplemental information– Explanation of GAAP and Non-GAAP financial measures

BNY has included in this Form 10-Q certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common shareholders’ equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

BNY has included revenue measures, excluding notable items, including disposal gains. Expense measures, excluding notable items, including severance expense, litigation reserves and the FDIC special assessment are also presented. Litigation reserves represent accruals for loss contingencies that are both probable and reasonably estimable, but exclude standard business-related legal fees. Income

before taxes, net income applicable to common shareholders of The Bank of New York Mellon Corporation, diluted earnings per share, return on common shareholders’ equity, return on tangible common shareholders’ equity and pre-tax operating margin, excluding the notable items mentioned above, are also provided. These measures are provided to permit investors to view the financial measures on a basis consistent with how management views the businesses.

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Reconciliation of Non-GAAP measures, excluding notable items · 3Q26 vs.3Q25 · YTD26 vs.YTD25
(dollars in millions, except per share amounts) · 3Q26 · 2Q26 · 3Q25 · YTD26 · YTD25
Total revenue – GAAP	$5,676	$5,698	$5,081	12%	$16,783	$14,901		13%
Less: Disposal gains (losses) (a)	—	—	12		—	52
Adjusted total revenue – Non-GAAP	$5,676	$5,698	$5,069	12%	$16,783	$14,849		13%
Total noninterest expense – GAAP	$3,489	$3,439	$3,236	8%	$10,328	$9,694		7%
Less: Severance expense (b)	23	6	50		47	116
Litigation reserves (b)	(1)	2	3		4	(11)
FDIC special assessment (b)	—	—	(14)		(7)	(14)
Adjusted total noninterest expense – Non-GAAP	$3,467	$3,431	$3,197	8%	$10,284	$9,603		7%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$1,608	$1,696	$1,339	20%	$4,866	$3,879		25%
Less: Disposal gains (losses) (a)	—	—	9		—	41
Severance expense (b)	(18)	(5)	(39)		(37)	(91)
Litigation reserves (b)	1	(2)	(2)		(4)	13
FDIC special assessment (b)	—	—	11		6	11
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP	$1,625	$1,703	$1,360	19%	$4,901	$3,905		26%
Diluted earnings per common share – GAAP	$2.34	$2.45	$1.88	24%	$7.02	$5.39		30%
Less: Disposal gains (losses) (a)	—	—	0.01		—	0.06
Severance expense (b)	(0.03)	(0.01)	(0.05)		(0.05)	(0.13)
Litigation reserves (b)	—	—	—		(0.01)	0.02
FDIC special assessment (b)	—	—	0.01		0.01	0.01
Total diluted earnings per common share impact of notable items	(0.03)	(0.01)	(0.03)		(0.05)	(0.04)
Adjusted diluted earnings per common share – Non-GAAP	$2.37	$2.46	$1.91	24%	$7.07	$5.42(c)	30%

(a) Reflected in Investment and other revenue.

(b) Severance expense is reflected in staff expense, litigation reserves in other expense, and FDIC special assessment in bank assessment charges, respectively.

BNY 41

The following table presents the reconciliation of the pre-tax operating margin.

Pre-tax operating margin reconciliation
(dollars in millions)	3Q26	2Q26	3Q25	YTD26	YTD25
Income before taxes – GAAP	$2,186	$2,267	$1,852	$6,469	$5,213
Impact of notable items (a)	(22)	(8)	(27)	(44)	(39)
Adjusted income before taxes, excluding notable items – Non-GAAP	$2,208	$2,275	$1,879	$6,513	$5,252
Total revenue – GAAP	$5,676	$5,698	$5,081	$16,783	$14,901
Impact of notable items (a)	—	—	12	—	52
Adjusted total revenue, excluding notable items – Non-GAAP	$5,676	$5,698	$5,069	$16,783	$14,849
Pre-tax operating margin – GAAP (b)	38.5%	39.8%	36.4%	38.5%	35.0%
Adjusted pre-tax operating margin – Non-GAAP (b)	38.9%	39.9%	37.1%	38.8%	35.4%

(a) See page 41 for details of notable items and line items impacted.

(b) Income before taxes divided by total revenue.

The following table presents the reconciliation of the return on common shareholders’ equity and tangible common shareholders’ equity.

Return on common shareholders’ equity and tangible common shareholders’ equity reconciliation	3Q26	2Q26	3Q25	YTD26	YTD25
(dollars in millions)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$1,608	$1,696	$1,339	$4,866	$3,879
Add: Amortization of intangible assets	9	10	12	28	34
Less: Tax impact of amortization of intangible assets	2	3	3	7	8
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	1,615	1,703	1,348	$4,887	$3,905
Impact of notable items (a)	(17)	(7)	(21)	(35)	(26)
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets and notable items – Non-GAAP	$1,632	$1,710	$1,369	$4,922	$3,931
Average common shareholders’ equity	$39,756	$39,535	$38,626	$39,580	$37,839
Less: Average goodwill	16,764	16,768	16,787	16,769	16,718
Average intangible assets	2,802	2,809	2,842	2,810	2,847
Add: Deferred tax liability – tax-deductible goodwill	1,225	1,225	1,236	1,225	1,236
Deferred tax liability – intangible assets	657	659	665	657	665
Average tangible common shareholders’ equity – Non-GAAP	$22,072	$21,842	$20,898	$21,883	$20,175
Return on common shareholders’ equity – GAAP (b)	16.0%	17.2%	13.7%	16.4%	13.7%
Adjusted return on common shareholders’ equity – Non-GAAP (b)	16.2%	17.3%	14.0%	16.6%	13.8%
Return on tangible common shareholders’ equity – Non-GAAP (b)	29.0%	31.3%	25.6%	29.9%	25.9%
Adjusted return on tangible common shareholders’ equity – Non-GAAP (b)	29.3%	31.4%	26.0%	30.1%	26.1%

(a) See page 41 for details of notable items and line items impacted.

(b) Returns are annualized.

42 BNY

The following table presents the reconciliation of book value and tangible book value per common share.

Book value and tangible book value per common share reconciliation	Sept. 30, 2026	June 30, 2026	Dec. 31, 2025	Sept. 30, 2025
(dollars in millions, except per share amounts and unless otherwise noted)
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP	$43,575	$44,664	$44,313	$43,879
Less: Preferred stock	4,259	4,754	4,836	4,836
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP	39,316	39,910	39,477	39,043
Less: Goodwill	16,728	16,731	16,767	16,773
Intangible assets	2,791	2,800	2,822	2,834
Add: Deferred tax liability – tax-deductible goodwill	1,225	1,225	1,227	1,236
Deferred tax liability – intangible assets	657	659	662	665
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP	$21,679	$22,263	$21,777	$21,337
Period-end common shares outstanding (in thousands)	672,898	678,504	688,236	697,349
Book value per common share – GAAP	$58.43	$58.82	$57.36	$55.99
Tangible book value per common share – Non-GAAP	$32.22	$32.81	$31.64	$30.60

The following table presents the impact of changes in foreign currency exchange rates on our consolidated investment management and performance fees.

Constant currency reconciliation – Consolidated · %
(dollars in millions)	3Q26	3Q25	change
Investment management and performance fees – GAAP	$803	$782	3%
Impact of changes in foreign currency exchange rates	—	(1)
Adjusted investment management and performance fees – Non-GAAP	$803	$781	3%

The following table presents the impact of changes in foreign currency exchange rates on investment management and performance fees reported in the Investment and Wealth Management business segment.

Constant currency reconciliation – Investment and Wealth Management business segment · %
(dollars in millions)	3Q26	3Q25	change
Investment management and performance fees – GAAP	$804	$782	3%
Impact of changes in foreign currency exchange rates	—	(1)
Adjusted investment management and performance fees – Non-GAAP	$804	$781	3%

BNY 43

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