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Bank of New York Mellon vs M&T Bank: revenue, profit, margins and growth compared

Bank of New York Mellon brought in $20.1B of revenue in fiscal 2025, M&T Bank $1.7B in fiscal 2025. Revenue changed by +7.8% at Bank of New York Mellon and +7.5% at M&T Bank on the year before, so Bank of New York Mellon grew faster. Bank of New York Mellon kept 27.6% of its revenue as net profit, M&T Bank 172.1%.

Side by side, latest fiscal year

BNYMTB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$1.7B
Revenue growth+7.8%+7.5%
Net income$5.5B$2.9B
Net margin27.6%172.1%
Free cash flow$5.2Bn/a
Free cash flow margin25.8%n/a
Earnings per share (diluted)$7.40$17.00
Cash$5.1B$18.8B
Debt$31.9B$10.9B
Price to earnings20.313.0
Market value$101.9B$31.9B
Dividend yield1.33%2.58%
Rank by revenue in sector#29 of 444 · Finance#158 of 444 · Finance

Over the years

Revenue
BNY FY2018: $16.4BBNY FY2019: $16.5BBNY FY2020: $15.8BBNY FY2021: $15.9BBNY FY2022: $16.5BBNY FY2023: $17.7BBNY FY2024: $18.6BBNY FY2025: $20.1BMTB FY2018: $5.9BMTB FY2019: $6.2BMTB FY2020: $6BMTB FY2021: $6BMTB FY2022: $8.2BMTB FY2023: $9.6BMTB FY2024: $1.5BMTB FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $20.1BMTB $1.7B
Net income
BNY FY2018: $4.3BBNY FY2019: $4.4BBNY FY2020: $3.6BBNY FY2021: $3.8BBNY FY2022: $2.6BBNY FY2023: $3.3BBNY FY2024: $4.5BBNY FY2025: $5.5BMTB FY2018: $1.9BMTB FY2019: $1.9BMTB FY2020: $1.4BMTB FY2021: $1.9BMTB FY2022: $2BMTB FY2023: $2.7BMTB FY2024: $2.6BMTB FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.5BMTB $2.9B
Net margin
BNY FY2018: 26.0%BNY FY2019: 27.0%BNY FY2020: 22.9%BNY FY2021: 23.6%BNY FY2022: 15.5%BNY FY2023: 18.7%BNY FY2024: 24.3%BNY FY2025: 27.6%MTB FY2018: 32.4%MTB FY2019: 31.2%MTB FY2020: 22.7%MTB FY2021: 31.0%MTB FY2022: 24.4%MTB FY2023: 28.4%MTB FY2024: 167.9%MTB FY2025: 172.1%FY18FY19FY20FY21FY22FY23FY24FY25
BNY 27.6%MTB 172.1%
Revenue growth
BNY FY2019: +0.4%BNY FY2020: -4.0%BNY FY2021: +0.8%BNY FY2022: +3.8%BNY FY2023: +7.1%BNY FY2024: +5.2%BNY FY2025: +7.8%MTB FY2019: +4.4%MTB FY2020: -3.8%MTB FY2021: +0.6%MTB FY2022: +36.5%MTB FY2023: +17.9%MTB FY2024: -84.0%MTB FY2025: +7.5%FY19FY20FY21FY22FY23FY24FY25
BNY +7.8%MTB +7.5%
Free cash flow
BNY FY2018: $4.9BBNY FY2019: -$1.1BBNY FY2020: $3.8BBNY FY2021: $1.6BBNY FY2022: $13.7BBNY FY2023: $4.7BBNY FY2024: -$782MBNY FY2025: $5.2BMTB FY2018: $2BMTB FY2019: $2.2BMTB FY2020: $617.2MMTB FY2021: $2.6BMTB FY2022: $4.4BMTB FY2023: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.2BMTB $3.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Bank of New York Mellon and M&T Bank

Which is bigger by revenue, Bank of New York Mellon or M&T Bank?

Bank of New York Mellon is bigger by revenue: $20.1B in fiscal 2025, against $1.7B for M&T Bank in fiscal 2025.

Which keeps more of its revenue as profit, Bank of New York Mellon or M&T Bank?

Bank of New York Mellon had a net margin of 27.6% in fiscal 2025; M&T Bank had 172.1% in fiscal 2025.

Which grew revenue faster, Bank of New York Mellon or M&T Bank?

In their latest fiscal years revenue changed by +7.8% at Bank of New York Mellon and +7.5% at M&T Bank.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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