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Bank of New York Mellon vs State Street: revenue, profit, margins and growth compared

Bank of New York Mellon brought in $20.1B of revenue in fiscal 2025, State Street $13.9B in fiscal 2025. Revenue changed by +7.8% at Bank of New York Mellon and +7.3% at State Street 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, State Street 21.1%. Free cash flow was $5.2B at Bank of New York Mellon and $10.8B at State Street.

Side by side, latest fiscal year

BNYSTT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$13.9B
Revenue growth+7.8%+7.3%
Net income$5.5B$2.9B
Net margin27.6%21.1%
Free cash flow$5.2B$10.8B
Free cash flow margin25.8%77.8%
Earnings per share (diluted)$7.40$9.40
Cash$5.1B$4.4B
Debt$31.9Bn/a
Price to earnings20.319.3
Market value$101.9B$49.8B
Dividend yield1.33%1.76%
Rank by revenue in sector#29 of 444 · Finance#48 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: $20.1BSTT FY2018: $12.1BSTT FY2019: $11.8BSTT FY2020: $11.7BSTT FY2021: $12BSTT FY2022: $12.1BSTT FY2023: $11.9BSTT FY2024: $13BSTT FY2025: $13.9BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $20.1BSTT $13.9B
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: $5.5BSTT FY2018: $2.6BSTT FY2019: $2.2BSTT FY2020: $2.4BSTT FY2021: $2.7BSTT FY2022: $2.8BSTT FY2023: $1.9BSTT FY2024: $2.7BSTT FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.5BSTT $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%STT FY2018: 21.4%STT FY2019: 19.1%STT FY2020: 20.7%STT FY2021: 22.4%STT FY2022: 22.8%STT FY2023: 16.3%STT FY2024: 20.7%STT FY2025: 21.1%FY18FY19FY20FY21FY22FY23FY24FY25
BNY 27.6%STT 21.1%
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%STT FY2019: -3.1%STT FY2020: -0.5%STT FY2021: +2.8%STT FY2022: +1.0%STT FY2023: -1.7%STT FY2024: +8.8%STT FY2025: +7.3%FY19FY20FY21FY22FY23FY24FY25
BNY +7.8%STT +7.3%
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: $5.2BSTT FY2018: $9.6BSTT FY2019: $5BSTT FY2020: $3BSTT FY2021: -$7.5BSTT FY2022: $11.2BSTT FY2023: -$126MSTT FY2024: -$14.1BSTT FY2025: $10.8BFY18FY19FY20FY21FY22FY23FY24FY25
BNY $5.2BSTT $10.8B

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

Questions about Bank of New York Mellon and State Street

Which is bigger by revenue, Bank of New York Mellon or State Street?

Bank of New York Mellon is bigger by revenue: $20.1B in fiscal 2025, against $13.9B for State Street in fiscal 2025.

Which keeps more of its revenue as profit, Bank of New York Mellon or State Street?

Bank of New York Mellon had a net margin of 27.6% in fiscal 2025; State Street had 21.1% in fiscal 2025.

Which grew revenue faster, Bank of New York Mellon or State Street?

In their latest fiscal years revenue changed by +7.8% at Bank of New York Mellon and +7.3% at State Street.

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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