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Bank of New York Mellon vs Northern Trust: revenue, profit, margins and growth compared

Bank of New York Mellon brought in $20.1B of revenue in fiscal 2025, Northern Trust $8.1B in fiscal 2025. Revenue changed by +7.8% at Bank of New York Mellon and -2.5% at Northern Trust 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, Northern Trust 21.5%. Free cash flow was $5.2B at Bank of New York Mellon and $5.5B at Northern Trust.

Side by side, latest fiscal year

BNYNTRS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$8.1B
Revenue growth+7.8%-2.5%
Net income$5.5B$1.7B
Net margin27.6%21.5%
Free cash flow$5.2B$5.5B
Free cash flow margin25.8%67.5%
Earnings per share (diluted)$7.40$8.74
Cash$5.1B$5.9B
Debt$31.9Bn/a
Price to earnings20.320.1
Market value$101.9B$32.2B
Dividend yield1.33%1.76%
Rank by revenue in sector#29 of 444 · Finance#69 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: $20.1BNTRS FY2018: $6BNTRS FY2019: $6.1BNTRS FY2020: $6.1BNTRS FY2021: $6.5BNTRS FY2022: $6.8BNTRS FY2023: $6.8BNTRS FY2024: $8.3BNTRS FY2025: $8.1BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $20.1BNTRS $8.1B
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: $5.5BNTRS FY2018: $1.6BNTRS FY2019: $1.5BNTRS FY2020: $1.2BNTRS FY2021: $1.5BNTRS FY2022: $1.3BNTRS FY2023: $1.1BNTRS FY2024: $2BNTRS FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.5BNTRS $1.7B
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%NTRS FY2018: 26.1%NTRS FY2019: 24.6%NTRS FY2020: 19.8%NTRS FY2021: 23.9%NTRS FY2022: 19.8%NTRS FY2023: 16.3%NTRS FY2024: 24.5%NTRS FY2025: 21.5%FY18FY19FY20FY21FY22FY23FY24FY25
BNY 27.6%NTRS 21.5%
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%NTRS FY2019: +1.9%NTRS FY2020: +0.5%NTRS FY2021: +6.0%NTRS FY2022: +4.6%NTRS FY2023: +0.2%NTRS FY2024: +22.4%NTRS FY2025: -2.5%FY19FY20FY21FY22FY23FY24FY25
BNY +7.8%NTRS -2.5%
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: $5.2BNTRS FY2018: $1.7BNTRS FY2019: $2.4BNTRS FY2020: $1.8BNTRS FY2021: $1.3BNTRS FY2022: $2.3BNTRS FY2023: $2.5BNTRS FY2024: -$587.5MNTRS FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.2BNTRS $5.5B

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

Questions about Bank of New York Mellon and Northern Trust

Which is bigger by revenue, Bank of New York Mellon or Northern Trust?

Bank of New York Mellon is bigger by revenue: $20.1B in fiscal 2025, against $8.1B for Northern Trust in fiscal 2025.

Which keeps more of its revenue as profit, Bank of New York Mellon or Northern Trust?

Bank of New York Mellon had a net margin of 27.6% in fiscal 2025; Northern Trust had 21.5% in fiscal 2025.

Which grew revenue faster, Bank of New York Mellon or Northern Trust?

In their latest fiscal years revenue changed by +7.8% at Bank of New York Mellon and -2.5% at Northern Trust.

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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